Tata Sons Chairman N Chandrasekaran said the priorities of the...
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Climate, Environment, Renewable Energy
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Coal, the dirtiest fossil fuel, is finally preparing for long goodbye
Thanks to a combination of China’s energy insecurity — pushing...
Records smashed – new WMO climate report confirms 2023 hottest so far
Celeste Saulo (centre), Secretary-General of the World...
Have set up an alliance ready to help India achieve its renewable energy goals: US
“India has a plan to produce about 450 gigawatts of renewable power by 2030, it’s a very ambitious goal. It’s a great goal but they need about 600 billion dollars to be able to help make that kind of a transition,” he said.
Saudi Arabia’s bold plan to rule the $700 billion hydrogen market
Hydrogen is morphing from a niche power source — used in zeppelins, rockets and nuclear weapons — into big business, with the European Union alone committing $500 billion to scale up its infrastructure.
As governments and industries seek less-polluting alternatives to hydrocarbons, the world’s biggest crude exporter doesn’t want to cede the burgeoning hydrogen business to China, Europe or Australia and lose a potentially massive source of income.So it’s building a $5 billion plant powered entirely by sun and wind that will be among the world’s biggest green hydrogen makers when it opens in the planned megacity of Neom in 2025.
IMD: Above normal summer temperatures likely across country except south, central India
Last month the IMD had said the minimum temperature recorded in the country in January was the warmest for the month in 62 years. South India was particularly warm.
The month was the warmest in 121 years, with 22.33 degrees Celsius in south India, followed by 22.14 degrees Celsius in 1919 and 21.93 degrees Celsius in 2020 as the second and third warmest months.
Activists sue big French retailer over Amazon forest damage
They filed the lawsuit in the French city of Saint-Etienne, where Groupe Casino is based, using a 2017 French law requiring large companies to prevent any serious human rights and environmental violations in their businesses and supply chains. Violators must pay reparations for any damage caused by their inaction.
Extreme weather events put $84 billion of Indian bank debt at risk
The banks flagged exposure to environmentally sensitive businesses including cement, coal, oil and power. They also listed the effects of cyclones and floods on loan repayments in farming and related sectors. Lenders accounted for 87% of the total risk, valued at about $97 billion, across 67 top Indian companies that responded to CDP.
British insurer Aviva sets out net zero 2040 climate strategy
Aviva will by the end of this year stop underwriting insurance for companies making more than 5% of their revenue from coal or “unconventional” fossil fuels such as shale gas, unless they have signed up to the Science Based Targets initiative, an NGO-led group that signs off on corporate climate plans.
Global insurers unite to tackle climate risk with launch of Geneva Association Task Force
Jad Ariss, Geneva Association Managing Director, said: “In 2020 alone, the world witnessed massive wildfires in California and Australia, historic floods in China and a record hurricane season in the Atlantic. The societal impacts of climate change have become ubiquitous, and individuals and institutions must fully commit now to confronting the climate crisis. Insurers are obvious, strong leaders on global climate action, given their core functions – managing risk and investing – and our industry-led initiative demonstrates that they are proactively rising to the occasion.”
Climate pledges for 2030 put world far off 1.5C goal, UN warns
Only two of the 18 largest emitters – Britain and the European Union – had so far presented an updated “nationally determined contribution” (NDC) containing a “strong increase” in their emissions reduction targets, she noted. “Other major emitters either submitted NDCs presenting a very low increase in their ambition level or have not presented NDCs yet,” she added in a statement.
Carbon-cutting pledges by countries nowhere near enough:UN
Fewer than half of the world’s countries, accounting for 30 per cent of the world’s carbon emissions, submitted targets by the deadline. Only seven of the top 15 carbon polluting nations had done so.
Lloyd’s insurer Brit says it will not insure Adani coal mine
Twenty-six Lloyd’s syndicates have now said they will not insure the mine, according to action group Insure Our Future.
Adani has begun construction at Carmichael together with an associated rail project, with plans to start producing 10 million tonnes of coal per year from 2021.
The coal industry is in the spotlight for its higher levels of greenhouse gas emissions than crude oil.