Authorities estimate the average cost of compliance to be A$1...
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Uttarakhand CM calls for policies specific to Himalyan state’s needs
Pushkar Singh Dhami,Chief Minister,Uttarakhand The CM said that...
Govt to release financial sector vision, strategy document for 5 years, rules for FDI to be simplified
Shailaja Lall, Partner, Insurance & Reinsurance, Shardul...
World needs to spend another $100 trln on UN fight against global woes – report
The U.N.’s Sustainable Development Goals set targets on everything from the environment to health and equality and have the support of all member states, yet the supply of finance from governments, investors, banks and companies to help meet them has consistently fallen short.Adding the costs of financing the global transition to a low-carbon economy to limit global warming, and total funding out to 2050 comes in at $200-$220 trillion, the report added. The SDGs are a global “to-do” list addressing such issues as war, hunger, land degradation, gender equality and climate.
Sold electric scooters worth over Rs 600 cr in a day: Ola co-founder
Ola Electric had opened pre-launch bookings of its electric scooters in July for Rs 499 and had received 1 lakh orders in just 24 hours. However, the company has not disclosed how many orders it has received so far.
Ola is setting up a manufacturing plant, spread across 500 acres, in Tamil Nadu with an investment of Rs 2,400 crore.
The company had stated that it would initially start with 10 lakh annual production capacity and then scale it up to 20 lakh, in line with market demand, in the first phase.
Eating wild meat significantly increases zoonotic disease risk: UN report
According to the report, there is strong evidence that zoonotic disease outbreaks are linked to human activities, as is strongly believed by many scientists in the case of the current COVID-19 pandemic.
The taking of wild meat and consumption has been identified as the direct and causative agent for the spill-over into humans for Monkeypox virus, SARS, Sudan Ebola virus and Zaire Ebola virus, with subsequent human-to-human transmission.
U.N. says world likely to miss climate targets despite COVID pause in emissions
“This year has seen fossil fuel emissions bounce back, greenhouse gas concentrations continuing to rise and severe human-enhanced weather events that have affected health, lives, and livelihoods on every continent,” he said. Concentrations in the atmosphere of the major greenhouse gases – CO2, methane, and nitrous oxide – continued to increase in 2020 and the first half of 2021, the U.N. said.
Canada Energy firm gets nod to keep insurers’ names confidential
Pressure from environmental groups has prompted some major insurance companies to halt support for energy projects.
EU pledges extra 4 billion euros in international climate finance
The EU already contributes $25 billion per year in climate finance, von der Leyen said.
Climate finance is expected to be a decisive issue at the United Nations’ COP26 summit in November, where world leaders will attempt to unlock commitments to cut emissions faster and stave off catastrophic climate change. With seven weeks to go until COP26, finance remains a sore point.
Most agricultural funding distorts prices, harms environment: UN report
UN: Around 87% of the $540 billion in total annual government support given worldwide to agricultural producers includes measures that are price distorting and that can be harmful to nature and health. That is the main finding of a new UN report calling for...
India, US agree to collaborate on emerging fuels
”Minister Puri emphasized that the revamped clean energy partnership will intensify the efforts from both sides to take advantage of the complementarities that exist between the US and India – advanced US technologies and rapidly growing India’s energy market, for a win-win situation through a cleaner energy route with low carbon pathways,” said a statement from the oil ministry
U.S. Treasury climate official seeks insurance changes for extreme weather
The Federal Insurance Office will accept input for 75 days and then come up with recommendations for better pricing the risks that climate change posed to insured properties and activities, John Morton, Climate counselor, U.S. Treasury
said.
“The question is, how do we … better understand and begin to price the risk inherent in the underlying activities,” he said.
Australia to contribute 10 million dollars to India’s initiative towards disaster-resilient infrastructure
“Australia will contribute 10 million dollars to India’s initiative towards disaster-resilient infrastructure. We’re exploring further collaboration with India, including on low emission technologies, ensuring economic growth as we transition to a clean energy future,” she said.
Prime Minister Narendra Modi had announced a global Coalition for Disaster Resilient Infrastructure (CDRI) at the UN Climate Action Summit held in New York in September 2019.