Over 2023 some 233 new climate-related cases were filed worldwide,...
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WB approves $1.5 bn more to aid India’s low-carbon emission reforms
According to the World Bank, the reforms are expected to result in...
Korean explosion raises concerns over battery safety
Battery-related fires have also posed greater risks in recent years...
Climate change is driving a large increase in intense, slow-moving storms, a new study has found.
Researchers from the Newcastle University and the UK Met Office Hadley Centre used very detailed climate model simulations and found that slower storm movement acts to increase the amount of rainfall that accumulates locally, increasing the risk of flash floods across Europe beyond what has been expected based on previous studies.
The scientists estimate that these slow-moving storms may be 14 times more frequent across land by the end of the century. It is these slow-moving storms that have the potential for very high precipitation accumulations, with devastating impacts, as currently seen in Germany and Belgium.
Global sustainable debt issuance will crack $1 trillion mark in 2021 -IIF
With corporations and financial institutions under growing pressure from investors to up their environment, social and governance (ESG) game, the issuance of bonds to raise money for climate-related or social projects, or linked to sustainability targets, is an increasingly popular option.
Sustainable debt sales more than doubled year-on-year in the first half of 2021 to over $680 billion, closing in on the $700 billion issued during the whole of last year.
As floods hit western Europe, scientists say climate change hikes heavy rain
In general the rising average global temperature – now about 1.2 degrees Celsius above the pre-industrial average – makes heavy rainfall more likely, according to scientists.
The floods follow just weeks after a record-breaking heatwave killed hundreds of people in Canada and the United States. Scientists have since said that extreme heat would have been “virtually impossible” without climate change, which had made such an event 150 times more likely to occur.
Ola got 100,000 bookings for electric scooter in one day
“I am thrilled by the tremendous response from customers across India for our first electric vehicle. The unprecedented demand is a clear indicator of shifting consumer preferences to EVs. This is a huge step forward in our mission to transition the world to sustainable mobility,” Ola Chairman and Group CEO Bhavish Aggarwal said in a statement.
How the world’s first carbon border tax may play out
The measure, which will affect producers of steel, cement and aluminum in countries with looser environmental rules, would boost commodity costs and reroute trade flows. But it will take years to implement and have a limited impact on global emissions.
The new levy is likely to do very little to curb greenhouse gas emissions. With a carbon border adjustment of $44 a metric ton, a United Nations body estimates emissions would only fall by 27 million tons, a meager 0.1% of the total. At $88, it would drop by 45 million tons. The price of carbon in the EU is currently about 53 euros ($62) a ton.
Vice prez stresses on importance of enforcing ”polluter pays” principle
“From panchayat to Parliament, all stakeholders must act proactively in protecting the environment,” Vice President M Venkaiah Naidu said.
Highlighting recent disasters such as the flash floods in Himachal Pradesh, landslides in Uttarakhand and heat waves in Canada and the United States, he said these are instances of increasing frequency of extreme weather events due to global warming and climate change.
He stressed on the need to act stringently with violators of pollution laws and consider strict enforcement of the ”polluter pays” principle, the statement said.
Govt plans to shift public transport, logistics to clean energy source: Gadkari
”Over the last decade, India has made significant progress towards improving green energy access while increasing the integration of renewable energy…We have planned to shift public transport and logistics on 100 per cent green and clean source of energy,” he said.
India will reduce more than targeted 33 pc carbon emission by 2030: Power Minister
He further said that as per the Paris agreement, India has to produce 40 per cent electricity of its total capacity from non-fossil sources by 2030.
”We are already at 39 per cent and if you add the capacities under installation it’s already 48 per cent. We are way beyond our NDC (nationally determined contributions) pledges,” the minister said.
EU urged to consider impact of new climate mechanism on developing countries
The Carbon Border Adjustment Mechanism (CBAM) comes into force in 2023 as part of new measures to cut carbon dioxide (CO2) emissions, including taxes on imports such as oil, coal and gas.
“Climate and environmental considerations are at the forefront of policy concerns, and trade cannot be the exception. CBAM is one of these options, but its impact on developing countries also needs to be considered,” said Isabelle Durant, the UNCTAD Acting Secretary-General.
Flooding affects parts of Europe after heavy rainfall
German government spokesman Steffen Seibert described the images from regions hardest hit by flooding as “terrible”.
“Even though not every event, not every flooding or local incident, is related to climate change, many scientists tell us that the frequency, the intensity and the regularity with which this happens is a consequence of climate change,” Seibert said.