A joint research report by Generali and the UNDP report finds that...
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Climate, Environment, Renewable Energy
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Republican-led states sue US SEC over climate risk disclosure rules
The rules aim to standardize climate-related company disclosures...
Higher reinsurance costs and growing catastrophe budgets to erode profits of Asia-Pacific insurers: S&P
"With central banks across Asia-Pacific looking to adjust interest...
ONGC cuts carbon intensity by over 12 pc in 5 yrs: Chairman
”On ONGC’s efforts towards sustainable growth, Shanker said that over the last five years, the energy Maharatna has reduced its carbon emission intensity (that is, tonnes of carbon di-oxide emitted per barrel of oil produced) by more than 12 per cent,” a company statement said here.
ONGC is India’s largest oil and gas producer.
Exxon unveils carbon-removal tech venture in green image push
The move comes as Exxon looks to burnish its environmental credentials as it engages in a proxy fight with hedge fund Engine No. 1, which is attempting to appoint candidates on the oil company’s board and push toward a more renewables-focused future.
The oil major said it would invest $3 billion on lower-emission solutions through 2025, by which time it plans to reduce the intensity of its oilfield greenhouse gas emissions by 15%-20% from 2016 levels.
China to launch public platform to track, crack down on polluters
Polluting enterprises are obliged to install monitoring equipment and keep at least five years of data, with fines of 200,000 yuan ($31,000) for those that fail to do so. Fines of 1 million yuan can be imposed on firms that pollute without permission.
According to the environment ministry, the new information platform will allow authorities and members of the public to monitor real-time emission levels and check historical data in order to determine whether rules are being breached. It is set to come into effect on March 1.
Climate change seen posing health risks for 12 million people in UK
Britain faces a particular health risk from heatwaves due to its large elderly and vulnerable population, said the report, noting that heat-related deaths among the over-65s had risen 21% between 2004 and 2018.
More at risk of losing homes as climate change outpaces response, Fiji warns
Mami Mizutori, who leads the U.N. Office for Disaster Risk Reduction said globally, there had been a notable reduction in the loss of life caused by extreme weather events like storms and floods, as governments stepped up efforts over the past five years to evacuate millions of people to safer places. But the number of people affected by disasters remained “chronically high”, with displacement one of the harshest consequences, pushing many into crowded city slums or to other countries where they do not always get a friendly reception.
Only about 100 countries have so far put formal strategies in place to cut the risk of disasters, she said. Such plans can include things like early warning systems, stronger building codes and a ban on construction in flood-prone areas.
U.N. chief names Michael Bloomberg climate envoy to rally action
The media mogul will support Guterres in “growing and strengthening” a coalition of governments, companies, cities and businesses committing to net-zero emissions by 2050 in line with the goals of the 2015 global climate deal struck in Paris, the United Nations said.
Aviva investors threatens to ditch top carbon emitters over climate inaction
Among the actions Aviva said it expects of the companies are that they commit to net zero carbon emissions by 2050 and ensure their plan to do so is in line with the Science-Based Targets Initiative, an NGO-led group that signs off on corporate climate plans.
The companies would need to integrate the climate goals into their business strategy, including capital expenditure plans; set short- and medium-term targets; align management pay with the goals; and ensure lobbying efforts supported the goals.
India to come out of COVID-19 pandemic as one of the global winners: Danish envoy
Svane told PTI that foreign ministers of the two countries are working on an ambitious action plan comprising specific targets to achieve the goals broadly mentioned in the ‘India-Denmark Green Strategic Partnership’.
The green partnership, finalised at a virtual summit between the prime ministers of the two countries, aims to create a framework for significant expansion of cooperation in areas of renewable energy, environment, economy, climate change and science and technology.
U.N. chief urges business to take the lead on COVID-19, climate and global recovery
“We count on businesses to play an important role by themselves and to put pressure on governments to do the right thing,” he said. “We need you more than ever to help us change course, end fragility, avert climate catastrophe and build the equitable and sustainable future we want and we need.”
NGT junks Punjab govt plea to recover penalty from defaulting farmers for burning crop residue
The plea sought to recover the amount of environmental compensation (pending dues and future liabilities) from the payment of sale proceeds of food grains of the defaulting farmers who have burnt paddy residue.
The NGT had in 2015 directed state governments to take coercive and punitive action against persistent defaulters of its crop residue burning order and asked them to withdraw the assistance provided to those farmers.