Climate damage case breaks ground with German judges' visit to Peru glacier

31/5/2022 7:03:00 PM

Climate damage case breaks ground with German judges' visit to Peru glacier

In what experts consider a first among a rising number of cases over climate damage, lawyers said the judges' visit, which included court-appointed scientists, means an oral hearing could happen as early as this year and a verdict within two years.

Lliuya's two-storey house in the Nueva Florída neighbourhood of Huaraz city stands on the projected flood path, along with the homes of about 50,000 residents, on sloping streets parallel to a fast-flowing river that tumbles down from distant ice caps.

Read more:
ST Foreign Desk »

Strangers are turning up at 3am in front of Stomper's Hougang flat, looking for something -- but what?

If they are looking to steal her underwear, they are out of luck, said the Stomper. Read more at stomp.straitstimes.com Read more >>

Stocks dip, bonds drop as German surprise renews inflation fearsSINGAPORE : Stocks wobbled and bonds fell in Asia, while the dollar rose on Tuesday after a hot inflation reading in Germany heightened nerves about the pace and scale of looming interest rate hikes.Rising energy prices added to worry about the persistence of consumer pain. Brent crude futures touched a t

German regulator issues fresh warning to banks of cyber attacksFRANKFURT : The German financial regulator BaFin on Tuesday issued a fresh warning to the nation's financial sector of the increased danger of cyber attacks.'In recent days, there have been repeated attacks on IT infrastructure,' BaFin said.

EU unity on Russian sanctions 'starting to crumble', says German ministerRussia 🇷🇺 winning

Phasing out coal plants early can prevent over 14.5m deaths: German study

4,985 new Covid-19 cases reported in S'pore, up from 2,389 cases on May 30Scary 🤧 lol Hit the brakes!!!

4,985 new Covid-19 cases reported in S'pore, up from 2,389 cases on May 30The number of new Covid-19 cases reported in Singapore surged on Tuesday (May 31) to 4,985 said the Ministry of Health (MOH) in an update on its website. This was more than double the 2,389 cases reported on Monday (May 30), but lower than last Tuesday's cases where 5,727... Lock down

Copy to clipboard https://str.LinkedIn SINGAPORE : Stocks wobbled and bonds fell in Asia, while the dollar rose on Tuesday after a hot inflation reading in Germany heightened nerves about the pace and scale of looming interest rate hikes.Privacy Policy This browser is no longer supported We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.Copy to clipboard https://str.

sg/w2Vv LAKE PALCACOCHA, PERU (THOMSON REUTERS FOUNDATION) - Lawyers working on a groundbreaking climate lawsuit said it had entered a decisive phase after judges from Germany visited a glacial lake in the Peruvian Andes to assess flood risk, which the case links to emissions from European electricity giant RWE. In what experts consider a first among a rising number of cases over climate damage, lawyers said the judges' visit, which included court-appointed scientists, means an oral hearing could happen as early as this year and a verdict within two years. Brent crude futures touched a two-month top of $122. Last week's fact-finding trip to Lake Palcacocha, more than 4,500 metres above sea level, was tasked with deciding if the threat of flooding to local residents from the glacial lake is high enough to back a legal claim against RWE, one of Europe's biggest emitters of greenhouse gases. In 2017, judges in Hamm, Germany, made legal history by accepting the case mounted in 2015 by Saúl Luciano Lliuya, a local farmer and mountain guide, who asked RWE to pay 17,000 euros (S$25,000) to protect locals in case of an outburst flood from the lake and to help prevent it happening. U. Lliuya's two-storey house in the Nueva Florída neighbourhood of Huaraz city stands on the projected flood path, along with the homes of about 50,000 residents, on sloping streets parallel to a fast-flowing river that tumbles down from distant ice caps. But it is already starting to crumble and crumble again," Mr Habeck told a news conference.

Lliuya contends that RWE has contributed nearly 0. treasuries slumped on return from Monday's U.5 per cent of global manmade greenhouse gas emissions since the industrial revolution, according to the Carbon Majors Database and should pay the equivalent fraction of the roughly US$3.5 million costs for flood protection in the area. holiday, sending the yield of the 10-year bond up nearly 10 basis points (bps) to 2. "Due to the work that I do as a mountain guide and as a farmer, I have seen it with my own eyes," Lliuya told the Thomson Reuters Foundation on the roof of his home overlooking the city. "This is the strongest reason why I have sued the company - because it has to take responsibility for the environmental damage it has caused. German bund yields rose 8. And when it stands united, it can use that power," Mr Habeck said at the opening of the German Hannover Messe trade fair.

" Famed for its snow-capped peaks, the Cordillera Blanca mountain range has the largest swathe of tropical glaciers in the world. But global warming has caused accelerated glacial melt across the Andes, from Colombia to Bolivia. Eurozone inflation data is due later on Tuesday. A new study, published in Remote Sensing journal, using satellite data to measure snow cover, shows tropical Andean glaciers lost 42 per cent of their total mass in the past 30 years. Sitting below the Palcaraju glacier in northwest Peru, Lake Palcacocha's volume has swollen by 34 times to 17 million cubic metres in the past five decades. In equities, S&P 500 futures gave up early gains to fall back to flat early in the Asian session, and Nasdaq 100 futures were up 0. Manmade greenhouse gases have accelerated glacial melt, creating a substantial risk of an outburst flood triggering a landslide that would slam into Huaraz, according to a 2021 peer-reviewed study in Nature Geoscience.

Local authorities have used government-assigned funding to establish an early warning system at the lake, which would set off sirens downstream if it breaches its banks. MSCI's broadest index of Asia-Pacific shares outside Japan snapped a two-day winning streak and dropped 0. Residents would have between 20 and 40 minutes to evacuate their homes before floodwaters hit. More On This Topic World's shrinking glaciers contain less ice than previously thought: Study One of the first Lliuya's lawyer, Roda Verheyen - who also travelled to Peru to visit the lake and the at-risk town - said that when her firm took the legal case in 2015, it was one of the only climate lawsuits in the world. Japan's Nikkei fell 0. "(That) is now no longer the case, but it remains the only one that actually looks at the emitters and private actors - and .. "The focus now is really on the U.

. at adaptation costs," Verheyen, founder of law firm Green Legal Impact, told the Thomson Reuters Foundation. economy and China," said Khoon Goh, head of Asia research at ANZ Bank in Singapore. It is also the first climate case in which a court has travelled to another country where the alleged damage took place to gather evidence, Verheyen added. RWE spokesman Guido Steffen rejected the charge that the company should be responsible for Lliuya's adaptation costs." Factory output in the third-largest economy, Japan, also dropped sharply in April as Chinese demand withered, data on Tuesday showed. "Individual emitters are not liable for universally rooted and globally effective processes like climate change," he told the Thomson Reuters Foundation in emailed comments.

"Innumerable sources around the globe have emitted greenhouse gases or contributed in other ways to climate change," he said, describing those sources as both natural and manmade.6, indicating a contraction in factory activity but at a slower pace than in April, when the figure was 47. Climate is an"extremely complex matter", he noted, adding that in RWE's opinion,"it judicially is impossible to relate specific/individual consequences of climate change to a single (source)". RWE has cut its power plant emissions more than 60 per cent from 2012 levels by reducing coal power generation, it says, but it continues to mine and burn brown coal. Growth concerns have put the brakes on a two-week rally for exporters' currencies globally and have steadied the U. More On This Topic Glacier lakes accelerate disappearance of permanent ice: Study Water woes Lliuya said he and his neighbours are feeling the effects of climate change beyond only the flood risk to their homes. For many indigenous farmers, the unseasonal melting of the glaciers has thrown their livelihoods into jeopardy, as it has also brought greater risks of prolonged drought, he said. dollar as investors have again leaned towards safety.

"It's not just about me. The (people) look at the white peaks and they are worried about their crops," he said.S. "There are years when it doesn't rain, so we need to irrigate with the water which comes from the glaciers - and when it gets scarce, there are conflicts," he added. Martin Mergili, a geomorphology expert at Austria's Graz University on his first visit to the Peru site, said Palcacocha is one of a growing number of Andean lakes at risk of an outburst flood caused by ice and rock chunks falling from glaciers. "I am advocating 50 (basis point hikes) on the table every meeting until we see substantial reductions in inflation. Besides glacial retreat, the permafrost in the rock is melting and flowing, weakening the"glue" holding it together, he noted.

"Due to anthropogenic climate change, it is really more likely that something falls down into the lake. Fed Funds futures fell sharply, especially contracts for the early months of next year, as investors braced for relentless interest rate rises that would push the benchmark rate towards 3 per cent by mid 2023. Under the glacier, it is more unstable, and the probability of a landslide or avalanche is more likely," he added, gazing at the Palcaraju glacier, a sheer wall of ice and snow looming behind the lake, except for the lower part where the underlying rock face is exposed. In 1941, a chunk of ice broke off in an earthquake and fell into the lake, causing an outburst flood that sent a cascade of mud and rock down into Huaraz, destroying a third of the city and killing about 1,800 people.0744 per euro, up 0. The 2021 study published in Nature Geoscience said the glacial retreat at that time"represented an early impact of anthropogenic greenhouse gas emissions" and was in line with a 1 degree Celsius temperature rise in the region since 1880. More On This Topic Climate change: World is set to face 1.16 yen, about 0.

5 disasters a day by 2030, says UN Holding emitters responsible Since then, the lake has grown hugely, and 11 black rubber tubes siphon off water to keep its level down. Modelling by the University of Texas shows how a falling glacier chunk could displace up to 15 million cubic metres of water from the 70-metre deep, 1. The trade-sensitive Australian and New Zealand dollars fell, with the Aussie last down 0.7km-long lake, sending a wave of up to 30 metres over a rock ridge and down the mountain. Noah Walker-Crawford, an external consultant on climate litigation to Germanwatch, an advocacy group backing the legal case, said the judges had visited the area mostly to verify the extensive studies already done on the glacier and the lake below.7180 and the kiwi down 0. Authorities in Huaraz also understand that the case is about far more than this specific example of flood risk, he said.

"It's about setting a precedent for holding major emitters responsible - and for supporting vulnerable people impacted by climate change here in Peru and in other countries," he added.6530. Carroll Muffett, president and CEO of the nonprofit Centre for International Environmental Law, said the case was at the vanguard of cross-border climate litigation against corporate emitters, which is likely to increase. "As climate impacts grow more severe (and) more pervasive, there are potential plaintiffs like Saúl Luciano Lliuya in virtually every country on the planet," he added. U. More On This Topic .