The plaintiffs had argued in their 2015 lawsuit that the government...
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Parts of India record hottest April as heatwave kills nine
``The mean temperature in eastern India was 28.12 Celsius (82.61...
UK’s Nationwide stops lending to some homes over flood risk
Nationwide Building Society uses mapping technology to identify...
Rs 7 lakh cr being spent on green highways; Rs 60K cr projects in Delhi to curb pollution: Gadkari
The Prime Minister has set a target of Rs 111 lakh crore under the National Infrastructure Pipeline and it would be the government’s effort to adopt a green approach and ”development without destruction,” the minister said.
UK proposes requiring businesses to disclose climate risks by 2022
Under the TCFD’s(Task Force on Climate-related Financial Disclosure ) recommendations, companies are urged to disclose the actual and potential impacts of climate change on their business, as well as explain how they identify and manage such risks and opportunities.A move to make such disclosure mandatory in Britain is seen as a big step towards a new set of global standards.The ministry said it was backing a move by the IFRS Foundation, which writes global accounting rules, to develop international sustainability-related reporting standards.
Advanced nuclear reactors no safer than conventional nuclear plants, says science group
“In many cases, they are worse with regard to … safety, and the potential for severe accidents and potential nuclear proliferation,” said Lyman, author of the report UCS released Thursday called “‘Advanced’ Isn’t Always Better”.
AM Best is the first rating agency to signs up to UN Principles for sustainable insurance
“AM Best and its major affiliates are pleased to become a signatory to the UN’s Principles for Sustainable Insurance. The principles ‘serve as a global framework for the insurance industry to address environmental, social and governance risk and opportunities,’” said Arthur Snyder III, chairman, president & CEO of AM Best Co.
‘India facing high fossil fuel consumption challenge’
India is a signatory to the Paris Agreement. Under the agreement signed in 2015, India has committed to cut GHG (Green House Gas) emissions intensity of its GDP by 33-35 per cent, increase non-fossil fuel power capacity to 40 per cent from 28 per cent in 2015, add carbon sink of 2.5-3 billion tonnes CO2 per annum by increasing the forest cover, all by 2030.
Natural disasters occurring three times more often than 50 years ago: new FAO report
The least developed and low to middle income countries have fared worst of all. From 2008 to 2018, natural disasters have cost the agricultural sectors of developing economies more than $108 billion in damaged crop and livestock production.
Over the same period, Asia was the most hard-hit region, with overall economic losses of $49 billion, followed by Africa at $30 billion, and Latin America and the Caribbean at $29 billion.
63 nations to see ratings downgrades by 2030 for ignoring climate change
The U.S. is projected to lose 20 per cent of its per-capita gross domestic product by 2050 in a worst-case scenario, with nations closer to the equator or with high-carbon economies even more vulnerable, according to the FTSE Russell report.
Malaysia could see the worst economic hit at 31 per cent. The projections, based on trends of greenhouse-gas emissions and countries’ mitigation efforts, show the risk for investors of long-term bets on sovereign bonds.
Climate-change linked downgrades could cost countries $270 billion-a-year
The estimates comes amid warnings by policy makers from around the world that financial markets are underpricing the risk of climate change on asset prices, with potentially costly future corrections.
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.