U.S. members of global climate-focused coalitions have come under...
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Govt issues guidelines for ‘Model Solar Village’ under PM-Surya Ghar: Muft Bijli Yojana
The Government of India approved the PM-Surya Ghar: Muft Bijli...
Major wildfire rages out of control on the fringes of the Greek capital
Wildfires are frequent in Greece during its hot, dry summers, but...
Philippine supertyphoon Rai ‘exceeded all predictions’ – forecaster
While it's unclear exactly how global warming is affecting the intensification of such storms, the UN's climate change agency has found it is "likely that the frequency of rapid intensification events have increased over the past four decades" as temperatures rise....
ESG fund AUM jumps 4.7 times to Rs 12,320 cr in 2 years ending Nov: Report
AUM of Indian ESG funds is only a paltry 0.3 per cent of the over Rs 38.45 lakh crore mutual funds industry as of end-November 2021 and is only a negligible portion of the global fund pool of USD 35.4 trillion as of end 2020 Mumbai: Boosted by the pandemic, the ESG...
Norway wealth fund will pressure, not divest from high gas emitters
It will however be an "active shareholder" in such companies by pushing them to make the transition to net zero emissions, and divest from them if it believes their business models are not sustainable, the deputy head of the central bank - which is in charge of the...
World coal power demand to hit new high after China, India, U.S. surge,undermining greenhouse gas emissions, – IEA
IEA Executive Director Fatih Birol said the increase was "a worrying sign of how far off track the world is in its efforts to put emissions into decline towards net zero." Rising consumption in China, India and the United States could bring global coal-fired power...
Electric vehicle mkt to see investment of Rs 94,000 cr in next 5 years: Report
Currently, 15 Indian states have either approved or notified EV policies, with six more states in the draft stage. States like Delhi, Gujarat, Maharashtra, and Meghalaya are focusing on demand incentives, whereas southern states and Uttar Pradesh are focusing on...
AIIB to fund $150 million for making Chennai’s urban services green and resilient
Chennai faces tremendous infrastructure deficits and low service quality in core urban sectors such as water resource management, water supply and sanitation, urban mobility, solid waste management and public health Beijing: AIIB has approved the USD150-million...
ICICI Pru Life Insurance signs the UN Principles of Responsible Investing
Manish Kumar, Chief Investment Officer, ICICI Prudential Life Insurance said, “As part of our commitment towards promoting sustainable investing we recently launched the ‘Sustainable Equity Fund’, an ESG-focused fund, and in the process became the first life insurance...
38℃ record Arctic temperature confirmed, others likely to follow: WMO
The furnace-like conditions also contributed to 2020 becoming one of the three warmest years on record, the WMO spokesperson explained, adding that the Siberian heatwave "would have been almost impossible without climate change". UN : A new and disturbing high...
HSBC says clients must have plan to exit coal by end-2023
Under its plan, HSBC will cut exposure to thermal coal financing by at least 25% by 2025 and 50% by 2030, although non-EU or non-OECD-based clients could be funded until a global phase-out by 2040, its sustainability chief told Reuters HSBC said its new policy would...
Vedanta committed to decarbonise its aluminium business ops
''We are committed to the decarbonisation of our operations in the long term…As…aluminium producer, we are unrelenting in our pursuit of excellence in all aspects of business, including Environment, Social and Governance (ESG),'' Sharma said. New Delhi: Vedanta Ltd on...