The tribunal was hearing a matter where it had taken suo motu (on...
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Climate, Environment, Renewable Energy
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Shipping: Losses hit all-time low despite increasing risks for the sector: Allianz Report
The number of shipping incidents reported globally declined...
Oil shipments at risk from rising sea levels, think tank warns
It said 12 out of the top 15 tanker terminals were expected to be...
India says will oppose ‘regressive proposal’ by rich nations on carbon tax
US President Joe Biden’s administration is considering a so-called border adjustment tariff to be levied on certain carbon-intensive goods imported from countries with lax climate controls. That’s similar to plans put forth by the EU and those being discussed by the UK and Canada.
MS&AD becomes the first Japanese insurer to adopt coal exit policy
Yuki Tanabe, Program Director at the Japan Center for a Sustainable Environment and Society (JACSES), said: “We welcome MS&AD’s announcement to completely end insurance underwriting for new coal-fired power generation projects, and urge other Japanese non-life insurers, such as Tokio Marine and Sompo, to establish similar policies immediately.”
$1 billion fund for renewables among key energy commitments made during UN ministerial forums
Globally, nearly 760 million people lack access to electricity and 2.6 billion continue to cook with traditional fuels like wood that not only contribute to carbon emissions but also causes 4 million deaths each year from indoor smoke.
CRISIL launches ESG scores of 225 companies
Said Ashu Suyash, MD & CEO, CRISIL, “ESG is already playing a material role in the decisions of governments, regulators, investors, lenders and corporates. This will not only transform the investment management industry, but also redefine corporate India’s approach to risk management for sustainable value creation. Our survey shows over 80% of issuers and institutional investors intend to integrate ESG in their decision-making. Our India-focused framework sieves through the challenges of disclosure quality and standardisation by leveraging our deep sectoral expertise and proprietary databases. Our ESG research, data, insights, assessments and solutions will empower customers and stakeholders to make decisions with conviction, and contribute to sustainable progress globally.”
The trillion dollar climate finance challenge (and opportunity)
Many countries lack the financial resources to make the transition to clean energy and a sustainable way of life that could reverse climate change.
The UN says that says that climate finance is the answer because not investing will cost even more in the long-term, but also because there are significant opportunities for investors.
Green Dividend: China’s electric car capital has lessons for the world
“At the beginning, people had many concerns about EVs, such as safety or the convenience of charging,” Gou Yi, a deputy chief at Liuzhou’s branch of the National Development and Reform Commission, China’s top economic planner, said in an interview.
“What we did was to make sure our citizens felt it’s very comfortable to use EVs. People have realized how economical and easy electric cars are, and how much cleaner our air has become after more and more EVs hit the roads.”
Ambani and Adani. Two billionaires, one green ambition
Mukesh Ambani said he’s undertaking his life’s “most challenging” mission by investing $10 billion in clean power and fuel over three years.
Gautam Adani, who earlier this year took his spot behind Ambani as Asia’s second-richest man, wants to be the world’s largest renewable energy producer by 2030
EVs to dominate sales 5 years sooner than expected in US, Europe: EY
In terms of EV sales volumes, Europe is expected to lead the way until 2031, with China taking the lead from 2032 to 2050.
According to Randall Miller, EY Global Advanced Manufacturing and Mobility Leader: “A mix of changing consumer attitudes, ambitious climate-focused regulations and technology evolution is about to change the landscape of vehicle buying forever. While the automotive industry has begun to more fully embrace the move toward electrification, the impact of this seismic shift is arriving sooner than many expected.”
On climate change frontline, indigenous provide pointers to save planet
After an analysis of the growing threats confronting the communities and their sustainable ways of life, the authors of the report maintained that indigenous peoples worldwide play a vital role in countering global threats such as the destruction of nature, climate change, biodiversity loss and the risk of future pandemics.
Price Charles launches new partnership with global insurance industry to tackle climate change
To support the rapid growth of green projects and innovation, the SMI Insurance Task Force will develop a framework to help unlock the more than $30 trillion in assets under management, increasingly directing capital towards investments that drive climate-positive outcomes in both developed and developing nations.