Gurpreet Chhatwal, Managing Director, CRISIL Ratings, “The ESG...
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Climate, Environment, Renewable Energy
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Yamuna pollution NGT imposes Rs 65 crore environment compensation on two UP civic bodies
It said based on the "polluter pays principle", the Agra nagar...
Global brands responsible for majority of branded plastic pollution
They found that the top five brands were The Coca-Cola Company...
Global warming making Indian monsoon seasons stronger, more chaotic: Study
”We have found robust evidence for an exponential dependence: For every degree Celsius of warming, monsoon rainfalls will likely increase by about 5 percent,” said study lead author Anja Katzenberger from the Potsdam Institute for Climate Impact Research (PIK) in Germany.
”Hereby we were also able to confirm previous studies but find that global warming is increasing monsoon rainfall in India even more than previously thought. It is dominating monsoon dynamics in the 21st century,” Katzenberger said.
IFAD and IsDB commit $500 million to address hunger and climate change in poor rural communities
“Both institutions strive to improve the lives of the world’s most vulnerable people and contribute to ending poverty. Through this agreement we can strengthen our impact in areas of common interests, including improving access to markets and rural financial services, increasing climate resilience and using technology and innovation to maximize impact.”said Gilbert F. Houngbo, President of IFAD
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New Zealand introduces climate change law for financial firms in world first
All banks with total assets of more than 1 billion New Zealand dollars ($700 million), insurers with more than NZ$1 billion in total assets under management, and all equity and debt issuers listed on the country’s stock exchange will have to make disclosures.
Nepal battles worst forest fires in years as air quality drops
A senior official of Nepal’s National Disaster Risk Reduction and Management Authority said that wildfires were burning in at least 60 places across 22 of Nepal’s 77 administrative districts.
The air quality index (AQI) in Kathmandu was at an unhealthy level of 174 on Friday, according to data published on iqair.com, a site that monitors air quality. An AQI level below 50 is considered good.
SBI drags feet on loan to Adani firm for controversial Australian coal mine
The Carmichael mine has been the focus of environmental protests since it was proposed in 2010. SBI shareholders have joined the opposition. BlackRock and Norway’s Storebrand ASA raised their objections over the past year, and Amundi SA divested its holdings of SBI’s green bonds because of the bank’s ties to the Carmichael mine.
SBI Chairman Dinesh Kumar Khara, who took charge in October, is reticent to disburse the funds to Adani given the opposition to the Australian project, bank officials said. Still, no decision has yet been made about the loan, they said.
Third of Antarctic ice shelf area at collapse risk due to global warming: Study
“The findings highlight the importance of limiting global temperature increases as set out in the Paris Agreement if we are to avoid the worst consequences of climate change, including sea level rise,” said Gilbert.
Sustainable investment group UNPRI reviews Liberty Mutual membership over Australian coal mine plan
Liberty Mutual has faced a backlash from community groups, Aboriginal traditional owners and farmers who are opposed to the development of the mine that they say will worsen climate change and carries a risk of polluting local waterways that lead out to the Great Barrier Reef.
Climate finance, joint research planned between US and India
According to the International Energy Agency (IEA), India is the third-largest global emitter of carbon dioxide, after China and the US, despite extremely low per capita CO2 emissions and is under pressure to commit itself to net zero emissions by 2050, in line with pledges made by several other countries..
IEC’s path-breaking Waste-To-Energy Technologies to become a Game-changer in Solid Waste Management Sector
Ineffective waste management affects environmental balance badly. It pollutes the land, water, and air, which ultimately affects human health. Air pollution affects the life span of vehicles and consumer durables. If Waste-To-Energy plants are installed, it will minimize pollution and improves human health by enhancing air quality. It will provide 24X7 renewable power and generate employment too.
Volcanoes and hurricanes become destinations for ethical money
“Reliable contingency financing for disasters is a very important tool for society,” said Joanna Syroka, senior underwriter and director of new markets at Fermat Capital Management in London. “We’ve seen an increase in inquiries from end-investors who want to understand what ESG means in insurance-linked securities over the past year.”