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Climate, Environment, Renewable Energy
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Dubai floods: Climate change making extreme weather events like heat and rain more intense
El Niño, the climate phenomenon that makes seas warmer and alters...
States sue to block US rules curbing tailpipe emissions in cars, light trucks
Republican-led states also have challenged the U.S. Securities and...
Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals
Berkshire also said Buffett’s compensation in 2020 totaled $380,328, comprising his usual $100,000 salary plus $280,328 for personal and home security.
Though Buffett’s salary is low for a chief executive of a major company, his 16.2% stake in Berkshire was worth about $98.2 billion as of Friday.
Citing its decentralized model, Berkshire said the climate proposal from the California Public Employees’ Retirement System, Federated Hermes and Caisse de Dépôt et Placement du Québec was unnecessary, and that many businesses’ climate decisions already made “great sense” for the environment.
India considers net zero goal around 2050, a decade before China
Once the US adopts a widely anticipated net-zero goal, nine of the 10 largest economies will have made pledges to neutralise emissions.
If India does so, too, it would mark a significant step toward the Paris Agreement aspiration of keeping average temperatures from rising more than 1.5 deg C above the pre-industrial period.
AIA to end all its coal exposure by 2028
AIA will not permit any new investments within businesses involved directly in either mining coal or generating electricity from coal.
‘Green’ funds shown to herd less, cutting climate shock risk: EU watchdog
ESMA published what it described as a first attempt to assess vulnerabilities to climate-related financial risks using data from 23,965 EU-based funds worth 10.7 trillion euros ($12.7 trillion).
“Within the European financial sector, investment funds are more exposed to climate-sensitive economic sectors than banks, insurers and pension funds. However, few investment fund climate-related financial risk assessments have been conducted,” ESMA said in its latest summary of market risks.
Swiss Re announces ambitious climate targets; accelerates race to net zero
Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “Climate change remains the biggest challenge we face as a society. The stakes are high and require immediate attention. Signing up to net-zero emissions by 2050 and setting concrete climate targets are important first steps. What needs to follow now is action. We are moving ahead in all areas of our business to accelerate the transition towards net zero.“
Lethal pollution high in 2020 despite lockdowns: report
Concentrations of the life-shortening particles — cast off by traffic pollution and burning fossil fuels — dropped 11 percent in Beijing, 13 percent in Chicago, 15 percent in New Delhi, 16 percent in London, and 16 percent in Seoul.
At least 60 percent of India’s cities were more breathable last year than in 2019, and all of them had cleaner air than in 2018.
APAC not on track to achieve SDG goals by 2030; may realize 10 pc of target: UN report
There are 17 goals under the United Nations Economic and Social Commission for Asia and Pacific (UNESCAP), targeted to be achieved by 2030.
These include no poverty, zero hunger, good health and well-being, quality education, gender equality, clean water and sanitation, affordable and clean energy, decent work and economic growth, bio-diversity, innovation and infrastructure, and reduced inequalities, among others.
Climate finance still not on table for developing countries: Javadekar
To a query on progress made under the Paris agreement, the minister said besides renewable energy targets, 35 per cent reduction in emission was one of the targets under the Paris pact. ”So far, we have achieved 26 per cent. We will be over achieving our targets. Along with the government, corporates have taken steps to reduce carbon emission,” he added. Responding to another query on any plans to review CAMPA (Compensatory Afforestation Fund Management and Planning Authority) funds guidelines to ensure it is not used for other than activities for afforestation, the minister said a directive has been issued to states to use 80 per cent funds for afforestation and water/fodder augmentation alone.
India only G-20 country implementing Paris accord commitments: Javadekar
”Five states — Uttar Pradesh, Bihar, West Bengal, Meghalaya, and Nagaland — have shown significant decreasing trends in southwest monsoon rainfall during the recent 30 years period (1989-2018), as per the IMD report,” he said.
The annual rainfall over these five states along with the states of Arunachal Pradesh and Himachal Pradesh also shows significant decreasing trends, the minister added.
Delhi govt directs malls, hotels, offices, restaurants to make space for electric vehicles with EV chargers
“Our vision is that by 2024, 25 per cent of new vehicles must be electric. Approximately Rs 30,000 subsidies are to be given for 2/3-wheelers while Rs 1.5 lakh for 4-wheelers. We are starting the ‘Switch Delhi’ campaign today to make people aware of clean vehicles,” Delhi Chief Minister Arvind Kejriwal Kejriwal.