Malawi had a drought insurance policy through the bank and the...
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India to spend $300 million to mitigate floods, conserve water in big cities
S. Vatsa, one of the three members of the National Disaster...
Urgent need to address $4 trn financing gap to accelerate SDG progress: FM
Nirmala Sitharaman, Finance Minister Addressing the third Voice of...
More companies pledge net-zero’ emissions to fight climate change, but what does that really mean?
Companies are increasingly under pressure from governments, activists and their customers, as well as some powerful investors, to cut their emissions.
Running out of time: UN report shows Earth on catastrophic path
Scientists have been increasingly vocal and specific about what will happen if the global temperature continues to rise. These predicted changes include everything from heat waves, wildfires, and flooding — already evident today — to conditions that may render coastal cities too wet and tropics too hot for sustained settlement.
Need to mainstream green finance: RBI Dy governor
“As the risks and opportunities and financial impact arising from climate change vary across jurisdictions, this poses unique considerations for emerging economies like India.The challenge before us is to mainstream green finance and think of ways to incorporate the environmental impact into commercial lending decisions while simultaneously balancing the needs of credit expansion, economic growth and social development,” Rao said.
Biden asks world leaders to cut methane in climate fight
Biden made the remarks during a virtual meeting of the Major Economies Forum (MEF), a follow-up to an Earth Day meeting he hosted in April to unveil new U.S. greenhouse gas emissions reduction targets and press other countries to do more to curb theirs.
The United Kingdom heeded the call, with Prime Minister Boris Johnson pledging to be among the first signatories of the Global Methane Pledge to reduce emissions of the harmful gas.
Argentina, Indonesia, Italy and Mexico also joined the alliance, while Ghana and Iraq signaled interest in joining, according to a White House summary of the meeting, which noted those countries represent six of the top 15 methane emitters globally.
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.