The Net-Zero Asset Owner Alliance, whose pension fund and insurer...
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El Niño to trigger drought insurance payouts in four southern African states
El Nino, which brings dry and hot weather to Southern Africa, has...
Climate change could cut global income by 19 pc in 25 years finds study
The countries least responsible for climate change are predicted to...
France’s biggest insurer dumps German power giant over coal
“By turning away one of Europe’s biggest utilities because they are too dependent on coal, AXA has set an important precedent for itself and other insurers,” said Peter Bosshard, finance program director at environmental nonprofit the Sunrise Project, adding that RWE must be an account worth millions of dollars a year in insurance.
Harsh Vardhan inaugurates ‘green crematoria’ to mitigate air pollution
”Air Pollution has become a grave problem in India with more than 120+ cities falling under non-attainment category as per the National Green Tribunal. In the recently announced General Budget 2021, a lot of emphasis has been given to allocate resource to mitigate the growing ambient air pollution related problem in India,” Union Health Minister Harsh Vardhan said.
HSBC toughens stance on fossil fuel funding after shareholder heat
HSBC’s announcement reinforces how the world’s biggest financial firms are bowing to mounting public and political pressure to join the battle against climate change, by reducing their funding of fossil fuel companies and encouraging clients in other sectors to cut emissions.
Europe’s sustainable assets surge in 2020, more to come – EFAMA
The surge in ESG assets has been driven by stimulus-driven market recovery and investors increasingly looking for resilient investments, as well as a push from governments to encourage environmentally-friendly investments.
The first part of the European Union’s Sustainable Finance Disclosure Regulation (SFDR) was rolled out on Wednesday, aiming to make the ESG market more standardised and transparent. read more
Food systems account for over one-third of global greenhouse gas emissions
More than one-third of global greenhouse gas emissions caused by human activity can be attributed to the way we produce, process and package food, a UN-backed study published on Tuesday has revealed
India’s EV financing industry projected to be worth Rs 3.7 trillion in 2030:NITI Aayog Report
The 10 solutions recommended in the report include financial instruments such as priority-sector lending and interest-rate subvention. Others are related to creating better partnerships between OEMs and financial institutions by providing product guarantees and warranties. Furthermore, a developed and formal secondary market can improve the resale value of EVs and improve their bankability. “The identified barriers within EV finance need to be tackled in structured manner with innovative financing models,” said Randheer Singh, Senior Specialist at NITI Aayog.
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.