Breaking news

Ocean Warming Speeds Up Over Four Times Faster Than In the 1980s, Study Reveals

Ocean temperatures are rising at an alarming pace, now warming more than four times faster than they were in the late 1980s, according to a new study published in Environmental Research Letters today (January 28, 2025).

In the late 1980s, the oceans warmed by just 0.06°C per decade, but this rate has now surged to 0.27°C per decade, highlighting a dramatic acceleration in global warming. Researchers believe this rapid temperature rise is contributing to the record ocean temperatures observed throughout 2023 and early 2024.

Professor Chris Merchant, lead author at the University of Reading and the National Centre for Earth Observation, likened the shift to a bathtub of water. “If the oceans were a bathtub, then in the 1980s, the hot tap was running slowly, warming up the water by just a fraction of a degree each decade. But now, the hot tap is running much faster, and the warming has picked up speed,” said Merchant. “The way to slow down that warming is to start closing off the hot tap, by cutting global carbon emissions and moving towards net-zero.”

Energy Imbalance Driving Acceleration

This increasingly rapid ocean warming is primarily driven by Earth’s growing energy imbalance, where more energy from the Sun is being absorbed than can escape back into space. Since 2010, this imbalance has roughly doubled, in part due to rising greenhouse gas concentrations and a decrease in the Earth’s reflection of sunlight.

From 2023 to early 2024, global ocean temperatures hit record highs for 450 consecutive days. While El Niño, a natural warming phenomenon in the Pacific, contributed to part of this heat, comparisons with the 2015-2016 El Niño revealed that the bulk of the extraordinary warmth could be attributed to the ocean’s increasing rate of heat absorption. In fact, 44% of this record-breaking warmth was due to oceans absorbing heat at a faster rate than in previous decades.

Implications For Future Warming

The study’s findings suggest that the ocean warming experienced over the past four decades may be just the beginning. The rate of warming seen in the last 40 years could be surpassed in just the next two decades, which will have significant implications for global climate patterns. Since the surface oceans set the pace for overall global warming, this accelerating rate of ocean temperature rise is an urgent indicator for the climate as a whole.

This study underscores the pressing need to reduce fossil fuel emissions to avoid even more rapid temperature increases and begin stabilising the climate before it is too late. The warning is clear: if left unchecked, the Earth’s rapidly warming oceans will continue to exacerbate the climate crisis.

Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

eCredo
Uol
Aretilaw firm
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter