"ADB's portfolio in 2023 supported the government's priority...
Category:
Climate, Environment, Renewable Energy
Latest
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...
Howden launches Parhelion, world’s first fully sustainable insurer
Against the backdrop of an insurance industry starved of truly sustainable capacity, Parhelion’s new and diversified ESG products will meet the risk financing needs of a greener economy.
The new business has been seeded by Howden and will match the surge in institutional capital seeking sustainable investment strategies with the growing demand from corporates looking for an insurance provider to support their journey towards ESG transition and a more resilient future.
At the end of 2020, over $40tn of assets globally were invested in ESG-aligned and sustainable impact strategies, nearly double the amount invested just four years earlier*, but very little has been deployed across the (re)insurance industry.
India launches global initiative for clean energy innovation
India among 23 governments collectively launched bold new plans to catalyze action and spearheaded a decade of innovation to drive global investment in clean energy research, development and demonstrations.
The goal is to make clean energy affordable, attractive and accessible for all this decade, to accelerate action towards the Paris Agreement and net zero pathways.
Air quality improved during lockdown in India, study shows
There was a 40 per cent reduction over the national capital, New Delhi. In India alone, about 16,000 premature deaths occur annually due to exposure to poor air quality. The study also found Land Surface Temperature (LST) over major cities in India substantially declined in contrast with the previous five-year average (2015-2019) with day temperatures being up to 1°C cooler and those at night up to 2°C cooler.
Climate change: six priorities for pulling carbon out of the air
Done right, carbon removal could be the perfect accompaniment to emissions cuts, bringing the climate back into balance. Done badly, it could be a dangerous distraction.
Digital divide: How to unmute climate voices in poorer nations
Pandemic moves to virtual events – including U.N. climate talks starting on Monday – have made it easier for experts and activists worldwide to participate, but many living in places without reliable connectivity say they are still missing out.
Big oil may get more climate lawsuits after Shell ruling -lawyers, activists
There are about 425 pending climate lawsuits in various countries and about 1,375 lawsuits in U.S. courts, according to the Sabin Center for Climate Change Law at Columbia Law School. The U.S. cases target the industry, while most cases in other jurisdictions take aim at governments.
Rishiganga glacier not yet in critical condition: Uttarakhand DGP
A team of scientists had on Saturday conducted an aerial survey of glaciers at the origin of the Rishiganga river in Chamoli. The survey was undertaken based on information by villagers that there were cracks developing in the glaciers.
World needs $8.1 trillion of investment of by 2050 to combat climate, biodiversity and land degradation crises:UN
Inger Andersen, Executive Director of the UN Environment Programme (UNEP), said biodiversity loss is already costing the global economy 10 percent of its output each year.
Although investing in nature supports the health of all beings, improves the quality of life, and creates jobs, it accounts for just 2.5 per cent of projected economic stimulus spending in the wake of the pandemic. Therefore, private capital will have to be increased to close the investment gap.
PM reviews Cyclone Yaas damages, Odisha demands long term solutions
The Chief Minister sought both a disaster resilient power infrastructure and a permanent solution to protect the coastal region from storm surges which accompany cyclones, the SRC said adding that Odisha has a long coastline of about 480 kilometers of which above 200 km is vulnerable to tidal surge.
ExxonMobil, Chevron investors vote for more action on climate change
The dual decisions at the two biggest US oil giants’ annual meetings are clear evidence that addressing climate change has moved from being an environmentalist cause to one championed by mainstream investors.