Category:

Climate, Environment, Renewable Energy

Extreme sea level events likely every year by end of this century: IPCC

If we reduce emissions globally to net zero by 2040 there is still a two-thirds chance to reach 1.5 degrees and if we globally achieve net zero emissions by the middle of the century, there is still a one-third chance to achieve that, said Dr Friederike Otto, Associate Director of the Environmental Change Institute at the University of Oxford and one of the authors of the IPCC report.

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Railways invites bids for hydrogen fuel-based tech for trains

“The retrofitting of diesel-powered DEMU and converting it into hydrogen fuel-powered train set will not only save the cost to the tune of Rs 2.3 crore annually by converting from diesel to hydrogen, but also save the carbon footprint (NO2) of 11.12 kilo tons per annum and particulate matter of 0.72 kilo tonnes per annum,” the statement said.

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Moody’s to acquire risk modelling firm RMS for $2 billion

The acquisition will immediately increase Moody’s insurance data and analytics business to nearly $500 million in revenue and will accelerate the development of the company’s global integrated risk capabilities to address the next generation of risk assessment.
With over 400 risk models covering 120 countries, RMS is the world’s leading provider of climate and natural disaster risk modeling serving the global property and casualty (P&C) insurance and reinsurance industries.

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Medium, heavy passenger EVs increase from 124 in 2018 to 1,356 as on date: Gadkari

In a written reply to a query in the Lok Sabha, Road Transport and Highways Minister Nitin Gadkari said the number of electric vehicles registered for transport of cargo has increased from 6,246 in 2018 to 27,645 as of date, according to Vahan 4 records.

Gadkari said that under the Phase-I of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme, 425 electric buses were supported.

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Building Climate Resilience in India – Challenges and Opportunities for the BFSI sector

In India, until a few years ago, the topic of climate change and related risks rarely found strong traction in the BFSI sector in India. Till date, most banks and insurers still do not take a sufficiently forward- looking view on climate change and its long-term financial impact. The Financial Stability Board published the second status report on adoption of the recommendations of the Task Force for Climate-related Financial Disclosures on June 5, 2019. The report observed that disclosure of climate-related financial information has increased since 2016, but is still insufficient for investors, especially on the financial impact of climate-related issues on companies

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Indian carmakers renew bid to delay tougher fuel efficiency rules -sources

India introduced a first phase of its CAFE measures in April 2017, giving carmakers until the end of March next year to cut carbon emissions from new cars to 130 grams per km.

In a second phase starting from April 1, 2022, India has proposed a further cut to 113 grams per km.

The stricter CAFE rules also aim to pull Indian regulations for carmakers in line with global standards.

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ESG integration in business will help create long-term value: Report

The top five risks of the decade that can majorly impact the society include infectious diseases, climate action failure, weapons of mass destruction, biodiversity loss and natural resource crisis, the report said.

The likelihood of extreme weather, climate action failure, human environmental damage, infectious diseases and biodiversity loss becoming a reality is increasing day by day, it added.

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Focus on rollout of flex-fuel vehicles in a year: Gadkari to automakers

Gadkari also appealed to vehicle manufacturers to compulsorily provide a minimum of six airbags across all variants and segments of a vehicle.

“Met a delegation of CEOs of SIAM (Society of Indian Automobile Manufacturers) in New Delhi today. Emphasised on the need for a quick roll-out of Flex-Fuel Vehicles (FFVs) capable of running on 100% ethanol and gasoline into the Indian auto market within a year’s time,” the minister said in a tweet.

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