The European Securities and Markets Authority acknowledged that...
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Climate, Environment, Renewable Energy
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June warmest on record every month since July 2023 breached 1.5 deg C threshold
This was also the 13th consecutive month of record-high...
Not politics, not interest rates: India’s surging economy at risk from water
The shortages are affecting rural and urban Indians alike,...
India wants rich countries to pay more for green energy shift
“Every policy decision has a cost to the economy. Going net-zero or using less carbon also has a cost,” Environment Secretary Rameshwar Prasad Gupta said in an interview at his New Delhi office. “We are not anti-net-zero. But without adequate climate finance being definitively available, we can’t commit on that part.”
Canada orders rail safety measures to reduce risk of wildfires
The order will require both Canadian National Railway Co. and Canadian Pacific Railway Ltd. to take precautions against wildfires, including reducing train speeds, according to a Transport Ministry statement.On Friday, Nationally, trains will have to run at reduced speeds when there is extreme fire risk and when the outdoor temperature is high. CN and CP will also be required to come up with a fire risk mitigation plan and consult with indigenous communities about fire hazards.
G20 recognizes carbon pricing as climate change tool for first time
“It is the first time in a G20 communique you could have these two words ‘carbon pricing’ being introduced as a solution for the fight against climate change,” French Finance Minister Bruno Le Maire told reporters. “We have been pushing very hard to have these two words … introduced into a G20 communique.”
NGT imposes Rs 10 crore fine on pharma company Teva API
“Having regard to the nature of violations in the present case and the financial capacity of the unit in question, we determine the compensation amount at Rs 10 crore which amount may be deposited with the District Magistrate within one month.The District Magistrate may keep the amount in a separate account to be spent for restoration of the environment by preparing an action plan for augmentation of the groundwater, afforestation, landscaping, restoration of the drain and offsite emergency plans,” the bench said.
FM Sitharaman emphasises on role of technology in fighting climate change
She also shared India’s innovative policy mix for better environmental outcomes, such as the new Energy Map of India; digital innovation and emerging fuels; International Solar Alliance for enabling clean energy; and promotion of energy efficiency and afforestation.
Time running out for countries on climate crisis front line
The Secretary-General reminded that the climate impacts we are seeing today – currently at 1.2 degrees above pre-industrial levels – give the world a glimpse of what lies ahead: prolonged droughts, extreme and intensified weather events and ‘horrific flooding’.
“Science has long warned that we need to limit temperature rise to 1.5 degrees. Beyond that, we risk calamity… Limiting global temperature rise is a matter of survival for climate vulnerable countries”, he emphasized.
Asia-Pacific Climate week 2021 sends strong signal to COP26
The Asia-Pacific regions emits more than half of the world’s greenhouse gas emissions and is one of the most rapidly developing regions of the world, with a significant proportion of the global population. And it is home to most of the world’s low-lying cities and vulnerable small island states.
Paris climate targets not possible without a carbon removal industry the size of oil & gas: Swiss Re study
Christoph Nabholz, Chief Research Officer at Swiss Re Institute, “Carbon removal will need to evolve into a multi-trillion-dollar industry akin to the value of the oil and gas industry today if we are to hit the climate targets set out by the 2015 Paris Agreement. Serious investment in this nascent industry must start now. Failing to tackle climate change could result in global GDP loss of 18%, which we showed earlier this year. No action is not an option.”
ECB tweaks inflation target, carves out climate role
In perhaps the biggest change, the central bank said it will do more to help the fight against climate change and will include climate change considerations in monetary policy operations in the areas of disclosure, risk assessment, collateral framework and corporate sector asset purchases.
“The ECB will adjust the framework guiding the allocation of corporate bond purchases to incorporate climate change criteria, in line with its mandate,” it said.
Yamuna pollution: Rs 12 cr fine imposed on 12 CETPs for not meeting wastewater standards
Untreated wastewater and poor quality of effluent discharged from CETPs and sewage treatment plants is the major reason behind pollution in the river in Delhi, according to experts. These 12 CETPs are in industrial areas in Jhilmil, Badli, Mayapuri, Mangolpuri, Nangloi, Okhla, Narela, Bawana, Naraina, GTK Road, Keshav Puram. These CETPs do not comply with the requisite standards with respect to biological oxygen (30 mg/litre), total dissolved solid (2,100 mg/l), sulphate (1,000 mg/l), Sulphide (2 mg/l) etc.