It said 12 out of the top 15 tanker terminals were expected to be...
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Water Security: Billions remain without water access
Today, over two billion people still lack access to safe drinking...
Swiss Re Foundation aims to boost health and environmental innovations through Shine Southeast Asia
The programme which seeks to boost innovation in critical impact...
U.K. is pushing for G-7 to adopt mandatory climate reporting
Under the proposals, the biggest companies would report annually on their exposure to risks and opportunities presented by climate change. It would follow guidelines set out in 2017 by the Task Force on Climate-Related Financial Disclosures.
Cyclone Tauktae causes economic losses of over $ 2 billion, agriculture hit most: RMSI
Pushpendra Johari, senior vice president, sustainability, RMSI said“Cyclone Tauktaeis an unique event that has impacted all coastal western states and union territories of India . Though the cyclone effect on Kerala, Karnataka and Maharashtra and Goa was not severe, Gujarat and Diu are badly impacted.”
“Though the cyclone has made a landfall , this is not the end of our distress. Recent climate change studies have highlighted rising sea surface temperature in the Arbian sea. This will increase the cyclone frequency in these region. We should improve our preparedness even further to deal with more such events in future.”
Stop developing new oil, gas, coalfields to avert climate crisis, says IEA
Reducing emissions to net zero — the point at which greenhouse gases are removed from the atmosphere as quickly as they’re added — is considered vital to limit the increase in average global temperatures to no more than 1.5 degrees Celsius. That’s seen as the critical threshold if the world is to avoid disastrous climate change.
Citigroup forms energy transition group within investment banking – memo
The entity will be headed by Serge Tismen and Shail Mehta, and will focus on companies including those involved in hydrogen, charging infrastructure, carbon capture and sequestration and biofuels, said the memo, the contents of which were confirmed by a bank spokeswoman on Thursday.
U.S. SEC chair planning new workforce data disclosures for public companies
He said staff would propose a new rule on disclosing the workforce or “human capital” metrics. Those disclosures could include data on issues such as workforce diversity, part-time versus full-time workers, and employee turnover, according to advocacy groups that have been pushing for the new rules.
“This is one of my top priorities and will be an early focus during my tenure at the SEC,” Gensler told the gathering.
The SEC is ramping up its ESG agenda to execute on Democrats’ priorities to address issues such as climate change and social injustice.
India is home to 13 of the 20 riskiest cities in the world, extreme levels of air and water pollution
Globally, 1.5 billion people live in 414 cities that are at high risk from pollution, water shortages, extreme heat, natural hazards and the physical impacts of climate change.
Adani and other Australian coal miners flag finance, insurance difficulties
The withdrawal of global insurers risks making even some ancillary business unviable, said contractor BMD Constructions Pty Ltd, which is building a section of a 210 km (130 mile) rail line to service Adani’s Carmichael mine in northern Queensland state, which is due to start operating this year.
The coal miners argued that Australia’s high-energy coal offers a comparatively lower emissions alternative to export markets compared with coal from other regions. They say coal also provides billions of dollars to government coffers and supports regional jobs.
Global renewable energy grew at fastest pace in two decades in 2020 – IEA
New renewable energy capacity in 2020 rose by 45% to 280 gigawatts (GW) last year, the largest year-on-year increase since 1999, even though there were supply chain disruptions and construction delays due to the impact of COVID-19.
China accounted for 50% of renewable energy capacity growth last year and will account for 45% this year and 58% in 2022, the report said.
French banks told to speed up response to climate change
Other financial watchdogs around the world will also be conducting similar tests on the finance industry to help to reduce the impact of climate change on economies. Banks and other finance companies will have to disclose to investors the impact of climate change on their balance sheets under proposed European Union rules.
Insurers warn government Canada’s flood mapping must not take a decade
Prime Minister Justin Trudeau pledged sweeping climate action during his re-election campaign last year, including C$150 million ($112.2 million) for flood mapping. The federal budget is expected at the end of March.
“Flooding is by far the single greatest peril facing Canadians as a result of climate change,” Craig Stewart, vice president of federal affairs for the Insurance Bureau of Canada, told Reuters.