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Climate, Environment, Renewable Energy
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South Korean court hears children’s climate change case against government
The proceeding is Asia's first such climate-related litigation, the...
Extreme weather may pose risk to inflation, says RBI Bulletin
Supply shocks play a significant role in shaping inflation...
Global insurers unite to tackle climate risk with launch of Geneva Association Task Force
Jad Ariss, Geneva Association Managing Director, said: “In 2020 alone, the world witnessed massive wildfires in California and Australia, historic floods in China and a record hurricane season in the Atlantic. The societal impacts of climate change have become ubiquitous, and individuals and institutions must fully commit now to confronting the climate crisis. Insurers are obvious, strong leaders on global climate action, given their core functions – managing risk and investing – and our industry-led initiative demonstrates that they are proactively rising to the occasion.”
Climate pledges for 2030 put world far off 1.5C goal, UN warns
Only two of the 18 largest emitters – Britain and the European Union – had so far presented an updated “nationally determined contribution” (NDC) containing a “strong increase” in their emissions reduction targets, she noted. “Other major emitters either submitted NDCs presenting a very low increase in their ambition level or have not presented NDCs yet,” she added in a statement.
Carbon-cutting pledges by countries nowhere near enough:UN
Fewer than half of the world’s countries, accounting for 30 per cent of the world’s carbon emissions, submitted targets by the deadline. Only seven of the top 15 carbon polluting nations had done so.
Lloyd’s insurer Brit says it will not insure Adani coal mine
Twenty-six Lloyd’s syndicates have now said they will not insure the mine, according to action group Insure Our Future.
Adani has begun construction at Carmichael together with an associated rail project, with plans to start producing 10 million tonnes of coal per year from 2021.
The coal industry is in the spotlight for its higher levels of greenhouse gas emissions than crude oil.
‘No other option’: Deadly India floods bare conflicts from hydropower boom
Whatever the role of climate change, which is rapidly heating the world’s highest mountains, experts say rampant construction is adding to the burden weighing on rural communities across the Himalayas.
NGT directs NTPC to pay Rs 58 lakh for damaging environment in Uttarakhand
“In view of the above, there is no merit in the appeal as ”Polluter Pays” principle has been rightly invoked for damage to the environment. Accordingly, the appeal is dismissed. The amount of compensation which may be recovered by the state pollution control board may be utilised for restoration of the environment,” the tribunal said.
Climate change a big challenge, disaster resilient infra need
“We should focus on improving disaster-resilient infrastructure that can withstand natural disasters,” he said.
Nigerian court freezes Shell accounts ahead of Aiteo lawsuit
The lawsuit is latest in a string of legal headaches for the biggest international oil company operating in Nigeria, Africa’s biggest oil exporter.
A British court last week cleared the way for local communities to sue the company over oil spills in the West African nation, and last month Shell lost a case brought in the Netherlands by Nigerian farmers and fisherman over pollution claims.
Will make electric vehicles mandatory for officials of my department, says Gadkari
“If 10,000 electric vehicles are brought into use in Delhi, then about Rs 30 crores per month spent on fuel can be saved and it will reduce pollution. I will make electric vehicles mandatory for officials of my department,” he said. Gadkari also said that electric fuel is a major alternative for fossil fuels which have an import bill of Rs 8 lakh crores.
U.K. to set up Green Finance hubs to support banks and insurers to invest in renewables
The goal is to “equip banks with the latest environmental and scientific intelligence to help companies of all sizes,” according to the statement. Researchers will aim to create products and services that help tackle climate change and its effects, including tools to measure storm and flood-risks.