Category:

Climate, Environment, Renewable Energy

Exxon, under investor pressure, discloses emissions from burning its fuels

Most major oil companies already report Scope 3 emissions and some have reduction targets, including Occidental Petroleum, which in November set a goal to offset the impact of the use of its oil and gas by 2050. Exxon said it made the disclosure due to investor interest.
The so-called Scope 3 data is included in its latest Energy & Carbon Summary released

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Natural disasters cause $210 billion in damage in 2020, insurer says

Losses that were insured rose to $82 billion from $57 billion in 2019, Munich Re said. They add to the burden of the coronavirus pandemic that has hit the insurance industry hard.

“Climate change will play an increasing role in all of these hazards,” said Munich Re board member Torsten Jeworrek, pointing to hurricanes, wildfires and other storms.

“It is time to act,” he said.

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SC upholds environmental clearance, govt notification on Central Vista

The Central Vista revamp, announced in September, 2019 envisages a new triangular Parliament building, with seating capacity for 900 to 1,200 MPs, that is to be constructed by August, 2022 when the country will be celebrating its 75th Independence Day.
Justice Khanwilkar, writing the judgement for himself and Justice Dinesh Maheshwari,also directed that the project proponent set up smog tower and use anti-smoke guns at the construction site for the Central Vista project.

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UK’s post-Brexit trade deal maintains the existing standards on environment, workers’ rights and climate change

There is a clear commitment not to lower standards on the environment, workers’ rights and climate change from those that currently exist and mechanisms to enforce them, the BBC reported.
Similarly, the restrictions compensation for unfair subsidies to companies “do not apply” in situations such as natural disasters, the BBC said. That will exempt the EU’s large current pandemic support package for aviation, aerospace, climate change and electric cars.

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Hungry for change: Faulty food systems laid bare by COVID-19 and climate crises

Farmers and poor urban residents have so far borne the brunt of the pandemic, meaning inequality between and within countries could deepen further in 2021, said Ismahane Elouafi, chief scientist at the U.N. Food and Agriculture Organization (FAO).

“Even before COVID-19 hit, 135 million people were marching towards the brink of starvation. This could double to 270 million within a few short months,” warned David Beasley, head of the U.N. World Food Programme (WFP), in emailed comments.

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India to bank on innovative ways to garner Rs 1.75 lakh crore investment in 2021 for renewable energy sector

“There is a fund requirement of Rs 1.75 lakh crore to achieve the balance capacity of 35 GW (under bidding/ to be bid out/ auctioned) to achieve an overall target of 175 GW,” Director General of Solar Power Developers Association Shekhar Dutt told PTI.
According to him, India needs to design innovative tenders with the inclusion of wind, solar and energy storage to ensure that renewable can replace fossil fuels to a great extent.This year has been challenging for the renewable energy sector but the industry has been able to withstand the crisis caused by the pandemic with support of the government.

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