Industry group Airlines for Europe (A4E) said in a statement that...
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ADB ‘Vastly Overstated’ climate finance claims in Asia, says Oxfam
The ADB, however, reaffirmed its figures, standing by its...
US appeals court says kids’ climate lawsuit must be dismissed
The plaintiffs had argued in their 2015 lawsuit that the government...
Explainer: Climate change and financial disclosure – what’s at stake?
Global regulators are working towards creating a common set of guidelines for assessing climate-related financial risks.
The Financial Stability Board, an international body that monitors the global financial system, created the Task Force on Climate-related Financial Disclosures (TCFD), which released in 2017 recommendations on climate risk disclosure.
A network of central banks also released climate-change scenarios and guides for measuring risks, while the U.N. Environment Programme Finance Initiative (UNEP FI) last year published methods insurers can use to disclose climate risks.
Renewable energy sector in India gets USD 70 billion investment in 7 years: Singh
He was pleased to inform that JK Cement, UltraTech, Toyota and NTPC have already submitted their energy compacts. While talking about the initiatives that will pave the way for future of energy transition in India, Singh said rules are being framed for ‘green tariff’ policy.
Adani’s Bravus pushes ahead with new Australian thermal coal mine
The International Energy Agency (IEA) warned last month that investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century.
But Australia, the world’s top coal exporter, is considered a global laggard in climate change policy as, unlike many other developed countries, its Prime Minister Scott Morrison has not set out a path to zero emissions by 2050.
Reliance to set up 100 GW solar power plant, to invest Rs 75k in clean energy business
Reliance will set up 100 GW of solar power generating capacity.
`We plan to build four Giga Factories to manufacture and integrate all critical components of new energy ecosystem solar photovoltaic module factory, energy storage battery factory, electrolyser factory, fuel cell factory,” Ambani said.
These four factories will involve an investment of Rs 60,000 crore.
Green hydrogen purchase to be made mandatory: R K Singh
Green hydrogen is produced using renewable energy and electrolysis to split water and is distinct from grey hydrogen, which is produced from methane and releases greenhouse gases into the atmosphere, and blue hydrogen, which captures those emissions and stores them underground to prevent them causing climate change.
4 major Korean insurers cut exposure to coal power
Top Korean non-life insurers DB Insurance, Hyundai Marine & Fire Insurance, Hanwha General Insurance, and Hana Insurance, which have provided nearly half of the total US$52 bn coal underwritings by Korean insurance companies — say no more insurance for both construction and operations of coal plants
37 percent excess rainfall so far this monsoon: IMD
The country gauged 13.78 cm precipitation against the normal of 10.05 cm till June 21, it said. ”The cumulative rainfall during this year’s Southwest Monsoon season till June 21 has been exceeded by about 37 percent above Long Period Average (LPA),” the weather department said in a statement.
Sustainability solution or climate calamity? The dangers and promise of cryptocurrency technology
Bitcoins don’t exist as physical objects, but new coins are “mined”, or brought into circulation, through a process that involves using powerful computers to solve complex mathematical problems. This process requires so much energy, that the Bitcoin network is estimated to consume more energy than several countries, including Kazakhstan and the Netherlands.
Major corporate polluters lag on setting climate goals
And while many of the 250 companies have set targets for 2050, only 27 – or 11% – have laid out shorter-term plans to make major cuts by 2030, according to the data, compiled from corporate reports and other public disclosures.
This refers to reductions to their biggest source of emissions, often from the use of their products, or so-called Scope 3 emissions.
Climate on agenda as Biden prepares to meet with top financial regulators
Biden issued an executive order in May pushing federal agencies to encourage full disclosure of often-hidden climate-related risks to banks, other financial institutions and the federal government.