illuminem summarizes for you the essential news of the day. Read the full piece on The Guardian or enjoy below:

🗞️ Driving the news: French President Emmanuel Macron has pledged €1bn to fund research into the world's melting ice caps and glaciers
• This commitment includes a new polar science vessel and a call for a moratorium on seabed exploitation in polar regions

🔭 The context: The announcement was made at a summit in Paris, attended by heads of state and scientists, highlighting the urgent need to address the rapidly accelerating transformation of the Earth's cryosphere

🌍 Why it matters for the planet: The melting ice caps are a significant concern for scientists, with heatwaves at both poles and record ocean temperatures
• The loss of ice caps, which reflect sunlight, could be a tipping point for climate change, leading to rapid heating

⏭️ What's next: The summit emphasized the need for immediate action and innovative solutions, such as refreezing the Arctic ocean
• The focus is also on understanding and preventing tipping points in the climate system

💬 One quote: "We are not talking about a threat for tomorrow, but one that is already present and accelerating" (Emmanuel Macron, French President)

📈 One stat: Half of the world's 200,000 glaciers are set to disappear by the end of the century, with the rate of sea level rise having doubled in the last two decades

Click for more news covering the latest on sustainable finance