If approved, the draft proposal by the Organisation for Economic...
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Climate change made deadly Brazil floods twice as likely
Factors besides climate change — such as poor flood-control...
HC takes note of 52.3 deg C temperature in Delhi says city could become ‘barren desert’
"Judicial notice is taken of the fact that as recent as on May 30,...
Govt working on establishing charging infra for EVs across country: Pandey
”We are working in a way so that the EVs become a public movement. That’s how we are going ahead with this,” Union Heavy Industries Minister Mahendra Nath Pandey noted.
India’s first smog tower inaugurated in Delhi
”This is the first such smog tower in the country. It’s a new technology. We have imported it from the US. The structure will suck polluted air from above and release clean air from below. It will purify 1,000 cubic metres of air per second,” Chief Minister Arvind Kejriwal told reporters.
Experts, however, feel smog towers may provide immediate relief from air pollution in a small area but they are a costly quick-fix measure with no scientific evidence to back their efficacy in the long term.
Governments should instead address root causes and promote renewable energy to tackle air pollution and reduce emissions, they said.
“City of London supports 15% of global carbon emissions”
“We’ll be targeting the City of London because it’s time that people understand the real contribution of the UK to this crisis,” lawyer and XR activist Tim Crosland told reporters.
“The City of London is the arch financier of the carbon economy. It supports 15% of global carbon emissions. It hosts BP, Shell, Glencore, Anglo American, and Russian oil and gas companies such as Gazprom and Rosneft.”
India says to exceed emission cut targets, further reduction hinges on climate fund
“From 2005 levels, India’s carbon emissions fell 24% by 2016 – in the space of 11 years. Between 2016 and 2030 – in a span of 14 years – we’ve to reduce emissions by just 9-11%, but it will be definitely much more than that,” he said. In all probability, by 2025, non-fossil fuel sources would account for 40% of India’s power generation, Rameshwar Prasad Gupta, of Ministry of Environment, Forests and Climate Change said.
ANALYSIS-Climate science struggles with ‘blind spots’ in developing nations
Only 35% of the authors working on the sixth assessment report – the current series that will culminate in a synthesis due to be finalized in September next year – hail from developing countries, according to a study published in the MDPI journal Climate, up from 31% for the fifth assessment report. Huq said that during his time working on the third and fourth IPCC assessment reports, published in 2001 and 2007, the number of scientists’ nationalities increased – but countries in the Global South were represented by just one or two authors.
Nearly 1Bln children at ‘extremely high risk’ globally because of climate change: UNICEF
“Approximately one billion children, nearly half the world’s 2.2 billion children – live in one of the 33 countries classified as ‘extremely high-risk’,” UNICEF said. The risk factors considered in the study included flooding, cyclones, heatwaves, water scarcity, air pollution, lead pollution, and infectious diseases.
“Climate and environmental shocks are undermining the complete spectrum of children’s rights, from access to clean air, food, and safe water; to education, housing, freedom from exploitation, and even their right to survive. Virtually no child’s life will be unaffected,” UNICEF Executive Director Henrietta Fore said.
AXA XL adds pollution insurance underwriters in the US; promotes environmental claims leader
According to MaryAnn Susavidge, Chief Underwriting Officer for AXA XL’s Environmental insurance business, “The Environmental insurance market continues to show growth opportunities, largely driven by increased construction and M&A activities. Companies looking to minimize their potential environmental liabilities find that pollution insurance is an effective risk management option. “
Natural disasters spurred by climate volatility remain a focus area for Asian reinsurers:Fitch
The protection gap signals vast potential for reinsurance growth, but Asian reinsurers face challenges in enhancing their risk mitigation capability and managing premium pricing adjustments in light of the frequent catastrophe losses.
The Covid-19 pandemic has dampened Asia’s economic growth and development, but it has also raised the importance and demand for reinsurance.
Pandemic has IFC pumping $1.7 billion into local companies, up 51%
The impact of the pandemic coupled with the region’s vulnerability to climate change, has highlighted the need for a collaborative, resilient and climate friendly recovery that can withstand future shocks, said its new regional director for South Asia, Hector Gomez Ang.
While South Asia is one of the fastest growing regions in the world, estimates suggest that climate impacts could reduce its annual GDP by an average of 1.8 percent by 2050, rising to 8.8 percent by 2100 if the region failed to take adequate corrective measures. The region is also estimated to have an untapped climate investment potential of USD3.4 trillion by 2030, Ang said.
Shell will pay $111 million to end Nigerian oil-spill case
The Anglo-Dutch energy giant will pay the Ejama-Ebubu people 45.7 billion naira ($111 million) in compensation to end a legal case that began in 1991, the community’s lawyer, Lucius Nwosu, said by phone.
The origin of the Ejama-Ebubu community’s grievance against Shell dates back to a rupture in one of the company’s oil pipelines in 1970. Shell said it maintains that the environmental damage was caused by “third parties” during a civil war that was raging at the time.