Total emissions of CO2 into the atmosphere in 2030 will only be...
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Seeking profit emerging markets lose ESG appeal
ESG investments in developing nations have floundered over the...
APAC reinsurers’ stable pricing in 2024 backed by adequate capacity, says Fitch
``We believe reinsurers can maintain profitability through rigorous...
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...
BPCL ties-up with nuclear institute in net zero push
India's draft National Hydrogen Mission mandates that refiners and fertiliser producers should meet half of their hydrogen needs through green hydrogen by 2030. The federal government has provided financial support for setting up electrolysers in India. NEW DELHI:...
From heatwaves to floods, climate change worsened weather extremes in 2021
Climate change is strengthening hurricanes, while also causing them to linger longer over land – dumping more rain on an area before moving on. Studies also suggest these storms are becoming more frequent in the North Atlantic. Extreme weather events in 2021 shattered...
Top equity funds in Asia are all buying China’s green stocks
China’s push to reach carbon neutrality by 2060 is fueling growth in what is already the world’s largest renewables market and a leading one for electric-vehicle automakers and suppliers. That’s produced record rallies and eye-watering valuations for some stocks in a...
Hindustan Syringes shuts plant owing to pollution, triggers shortage scare
"We have been asked to shut down our needles and syringes plants in Faridabad along with the factories of several other companies," said HMD Managing Director Rajiv Nath Chennai:The closure of needles and syringes manufacturing factories located in Haryana's...
Land and water ecosystems, ‘stressed to a critical point’
If the world keeps to the current trajectory, producing the additional 50 per cent more food needed, could mean an increase of 35 per cent, in the water withdrawals needed for farming That could create environmental disasters, increase competition for resources, and...