The government and the regulators have introduced new regulations...
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Climate, Environment, Renewable Energy
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Dubai floods: Climate change making extreme weather events like heat and rain more intense
El Niño, the climate phenomenon that makes seas warmer and alters...
States sue to block US rules curbing tailpipe emissions in cars, light trucks
Republican-led states also have challenged the U.S. Securities and...
Electric 2-wheelers to account for 8-10% of sales by 2025; 30% by 3-wheelers: ICRA
Globally, EVs now account for 4.4 per cent of new car sales during CY2020 and their share is likely to cross 5 per cent level this calendar year, as per ICRA.
Dutch court orders Shell to deepen carbon cuts in landmark ruling
At a court room in The Hague, judge Larisa Alwin read out a ruling which ordered Shell to reduce its planet warming carbon emissions by 45% by 2030 from 2019 levels.
Shell immediately said it would appeal the court ruling, which comes amid rising pressure from investors, activists and governments on energy companies to shift away from fossil fuels and rapidly ramp up investments in renewable energy.
Bank of England aims for greener corporate bond portfolio
The BoE said it was the first central bank in the world to take steps that could ultimately see the most polluting companies banned from its bond portfolio.
It will give firms time to reduce carbon emissions rather than immediately selling off its holdings in energy companies, power utilities and miners.
More people displaced due to climate disasters than conflicts in 2020
People who migrated domestically due to extreme weather events rose to 30.7 million, or 75% of those uprooted within their borders, according to a report by the Internal Displacement Monitoring Centre.
Cyclone Yaas likely to make landfall near Odisha’s Dhamra port tom morning: Report
IMD Director General Dr Mrutyunjay Mohapatra said that Cyclone Yaas is likely to intensify into a “Very Severe Cyclonic Storm (VSCS)” by Tuesday evening and Chandbali is likely to witness the maximum damage caused by it.
“Rain has already started and will continue. Wind speeds in Kendrapara and Jagatsinghpur districts will reach around 80 kmph by midnight,” he said.
He said the impact will be severe for six hours before and after the landfall.
IEA’s urgent fossil fuel warning earns mixed reception from producers
The United States, Britain, Canada, France, Germany, Italy and Japan, plus the European Union, said in a joint statement: “international investments in unabated coal must stop now”.
Biden doubles U.S. spending on preparations for extreme weather
The $1 billion will help communities prepare for hurricanes, floods and wildfires, with a portion allotted specifically to disadvantaged communities, the White House said.
It said the United States had 22 separate weather- and climate-related disasters in 2020 costing a total of nearly $100 billion in losses.
AIIB strengthens its Environmental and Social Standards
The ESF guides AIIB and its clients in the management of environmental and social risks and impacts of AIIB-financed projects.
Originally adopted in February 2016, the ESF serves as the cornerstone of AIIB’s commitment to supporting environmentally and socially sustainable infrastructure projects for its clients.
PM Modi reviews preparations to deal with cyclone Yaas
Modi directed senior officers to work in close co-ordination with states to ensure safe evacuation of people from high-risk areas. He also instructed all concerned departments to ensure timely evacuation of those involved in off-shore activities. He spoke about the need to ensure that time duration of outages of power supply and communication network are minimum and are restored swiftly.
Biden directs US federal agencies to mitigate financial risk from climate
An executive order Biden issued Thursday calls for concrete steps to mitigate climate risks, while protecting workers’ life savings, spurring job creation and helping the United States lower greenhouse gas emissions that contribute to climate change.
New regulations could be issued on the banking, housing and agriculture sectors, among others.