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Climate, Environment, Renewable Energy
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Climate change: Hardly a burning issue for Indian voters
A detailed review of the election manifestos revealed that, except...
Flooding forecast to worsen in Brazil’s south, poor hit hard
Weather across South America is affected by the El Nio climate...
California Governor seeks ban on new fracking by 2024
Fracking — short for hydraulic fracturing, the process of extracting oil and gas embedded in rock deep underground — accounts for a small portion of the state’s oil and gas production each year. But environmental advocates have long sought its banishment because of its harmful effects on the environment and public health.
EU publishes rules to help investors decide what’s ‘green’ and what’s not
The EU’s new rules, known as the “sustainable finance taxonomy”, are a list of economic activities and the rules they must meet to be deemed green.
Starting next year, they will decide which activities can be labelled as a sustainable investment in the EU. The Commission published climate-related criteria for green investments ranging from building renovations to the manufacture of cement, steel and batteries, reflecting draft plans previously reported by Reuters.
India needs $401 bn capex to fight climate change: Report
“Over 2015-30, India could drive USD401 billion in capex, which could lead to over 106 gw in energy savings, and 1.1 billion tonne per annum reduction in Co2 and impacting 99 stocks with a market capitalisation of USD 1.4 trillion,” BofA said in a note.
AXA becomes the first insurer to join Green Monday ESG Coalition
The Coalition is led by Green Monday Group, a leading green social enterprise headquartered in Hong Kong. It aims to unify businesses with concrete carbon emission reduction actions to achieve the global “Net Zero” goal.
Climate change can erase 18% of global GDP , Malaysia, Thailand, India, Philippines and Indonesia most vulnerable:Swiss Re
“Our analysis shows the benefit of investing in a net-zero economy. For example, adding just 10% to the USD 6.3 trillion of annual global infrastructure investments would limit the average temperature increase to 3/4 below 2°C. This is just a fraction of the loss in global GDP that we face if we don’t take appropriate action,“ said Jérôme Haegeli, Swiss Re’s Group Chief Economist
AIIB launches Sustainable Development Bond framework
Under the framework, annual reporting on the Bank’s overall portfolio level and project level environmental and social benefits will be made available on the AIIB official website.
“Under its mission of Financing Infrastructure for Tomorrow, AIIB will continue to scale up its sustainable and inclusive investments to meet clients’ needs for low-carbon and climate-resilient infrastructure,”said Domenico Nardelli,treasurer,AIIB
Less than 4pc Indian farmers adopted sustainable agricultural practices: Study
The study, supported by the Food and Land Use Coalition (FOLU), found that scaling up sustainable agriculture would be critical to improve farm incomes and bolster India’s nutrition security in a climate-constrained future. States such as Andhra Pradesh and Sikkim have already taken a lead in sustainable agriculture.
Kenyan insurer Pula offers lifeline to African farmers hit by climate change, to foray into Brazil and India
CEO Thomas Njeru co-founded the company in 2015 with Dutch entrepreneur Rose Goslinga after the pair spotted a gap in the insurance market.
Because of climate change, farmers are having to contend with unpredictable rain patterns, frequent droughts and even the emergence of new pests and diseases, Njeru said.In January, Pula raised $6 million in a funding round led by London-based TLcom Capital, to invest in new markets, strengthen existing products and design new ones. Njeru said the company’s next targets are Brazil and India.
Cyclone Amphan of 2020 resulted in USD 14 bn economic losses in India UN report
The report also noted that India had one of its two wettest monsoon seasons since 1994, with nationally-averaged rainfall for June to September 9 per cent above the long-term average. Heavy rain, flooding and landslides also affected the surrounding countries.
More than 2 000 deaths were reported during the monsoon season in India, Pakistan, Nepal, Bangladesh, Afghanistan and Myanmar, including 145 deaths associated with flash flooding in Afghanistan in late August and 166 deaths associated with a landslide at a mine in Myanmar in early July following heavy rain.
India has opportunity to lead the world on climate change: Deloitte CEO
Indian companies, he noted, are increasingly stepping up to not only making commitments in their own footprint, what they do. Deloitte, for instance, he said, has made a commitment that it will be Net Zero by 2030.