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Climate, Environment, Renewable Energy
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Cyclone Remal wreaks havoc in West Bengal, Bangladesh after making landfall; 1 killed
Arup Biswas, the minister for power in West Bengal government, said...
Crippling heat wave in India peaks at 50 degrees Celsius in Rajasthan’s Phalodi
The punishing heat in India is straining power grids and drying up...
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.
UN office says Sri Lanka ship fire causes significant damage
“An environmental emergency of this nature causes significant damage to the planet by the release of hazardous substances into the ecosystem,” U.N. Resident Coordinator in Sri Lanka Hanaa Singer-Hamdy said in a statement late Saturday. “This in turn threatens lives and livelihoods of the population in the coastal areas.”
Sri Lanka has already submitted an interim claim of $40 million to X-Press Feeders to cover part of the cost of fighting the fire, which broke out on May 20 when the vessel was anchored about 9.5 nautical miles (18 kilometers) northwest of Colombo and waiting to enter the port.
Factbox: How central banks are responding to the issue of climate change
US Fed chair Jerome Powell while he agreed climate change could have deep ramifications for inflation, employment, productivity and other economic measures, he told a conference in June: “Climate change is not something we directly consider in setting monetary policy”.
BOJ plans to launch new scheme on climate change, keeps policy steady
“Climate change issues could exert an extremely large impact on economic activity, prices and financial conditions from a medium- to long-term perspective,” the BOJ said in a statement.