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

🗞️ Driving the news: In contrast to the Saudi Aramco head's call at the CERAWeek energy conference for continued investment in fossil fuels, a UN report and scientists have highlighted alarming, unprecedented climate changes in 2023
• This includes record-breaking ocean temperatures and ice losses, underscoring the urgent climate threat

🔭 The context: The discourse around the energy transition is becoming increasingly polarized, with some oil executives arguing for sustained fossil fuel use amidst high energy prices and weakened climate goals by European companies
• Meanwhile, scientific evidence points to an accelerated pace of global warming, challenging previous understandings and predictions

🌍 Why it matters for the planet: The startling climate records of 2023 indicate a potentially fundamental shift in climate system operations, highlighting a significant knowledge gap in our understanding of global warming
• This uncertainty is particularly concerning for predicting droughts and rainfall, crucial for addressing food security

⏭️ What's next: The unprecedented climate data and the potential factors behind the unexpected warming, including solar activity and cleaner shipping fuels, emphasize the need for a deeper understanding of climate dynamics
• This situation calls for a reevaluation of energy policies and increased seriousness towards climate science warnings to navigate the uncharted territory of climate threats effectively

💬 One quote: "Ocean temperatures were just off the scale in terms of historic records. It was completely unusual and we still need to do more work to explain it," said Jim Skea, chair of the UN’s Intergovernmental Panel on Climate Change.

📈 One stat: More than 90% of the world's oceans suffered heatwave conditions in 2023, marking it as the hottest year on record.

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