Gurpreet Chhatwal, Managing Director, CRISIL Ratings, “The ESG...
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Yamuna pollution NGT imposes Rs 65 crore environment compensation on two UP civic bodies
It said based on the "polluter pays principle", the Agra nagar...
Global brands responsible for majority of branded plastic pollution
They found that the top five brands were The Coca-Cola Company...
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.
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.