This is the first time a regional human rights court has ruled that...
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IDF announces plans to facilitate investments in resilient infrastructure in emerging markets
Philipp Hildebrand, Vice Chairman of BlackRock, said,``“BlackRock...
March marks yet another record in global heat
"It's the long-term trend with exceptional records that has us very...
Japan aims to eliminate gasoline vehicles by mid-2030s, boost green growth
The “green growth strategy,” targeting the hydrogen and auto industries, is meant as an action plan to achieve Prime Minister Yoshihide Suga’s October pledge to eliminate carbon emissions on a net basis by mid-century.
The government will offer tax incentives and other financial support to companies, targeting 90 trillion yen ($870 billion) a year in additional economic growth through green investment and sales by 2030 and 190 trillion yen ($1.8 trillion) by 2050.
A 2 trillion yen green fund will support corporate investment in green technology.
World Bank, govt ink pact for $500-mn project to develop green highways
C S Mohapatra, additional secretary, Department of Economic Affairs, Ministry of Finance, stated that the Government of India is committed to environmentally sustainable development in its infrastructure projects. This project will set new standards in the construction of safe motorable roads.,.
Climate change ravages Kashmir’s ‘red gold’ saffron crop
Warming temperatures caused by climate change have made rainfall erratic, depleting the thirsty saffron fields of water. Shrinking glaciers across the Himalayan region have also cut water flows to the foothills downstream.
Saffron is the world’s most expensive spice; collecting it involves plucking the crimson threads from inside purple crocus flowers
NGT extends time for constitution of biodiversity management committees
The NGT noted that India is one of the recognised mega-diverse countries of the world, harbouring nearly seven to eight per cent of the recorded species of the world, and representing four of the 34 globally identified biodiversity hotspots.
The Biological Diversity Act, 2002 aims to preserve biological diversity in India and provides mechanism for equitable sharing of benefits arising out of the use of traditional biological resources and knowledge.
With climate change focus, Biden filling environmental, interior posts
Biden plans to pursue a goal of moving the United States to net-zero greenhouse gas emissions by 2050 – a once-unimaginable task that would require the world’s second-largest emitter to overhaul major parts of its economy, from cars, trucks and planes to power plants, farms and buildings.
Dutch court case claims Shell’s operations violate human rights
The case brought by the Dutch arm of Friends of the Earth, Milieudefensie, links the oil major’s stance on climate change with human rights. The ruling will also have implications for Shell’s European peers as pressure mounts on polluting energy companies to step up the fight against global warming.
Over two weeks of court proceedings, lawyers for Milieudefensie have argued that Shell is violating human rights by extracting fossil fuels and undermining the Paris Agreement’s aim of keeping temperature rises below 1.5 degrees Celsius. Shell says it’s playing its part in addressing climate change, which can only be tackled through collaboration and not court action.
Over 4.5 cr people in India will be forced to migrate from homes by 2050 due to climate disasters
The report ”Costs of climate inaction: displacement and distress migration” assessed climate-fuelled displacement and migration across five South Asian countries — Bangladesh, India, Nepal, Pakistan and Sri Lanka — and calculates a devastating likelihood of over 6 crore people being homeless and displaced by 2050 in South Asia alone.
NGT rejects MP govt”s plea seeking extension of time for compliance of waste management directions
“They are to enforce the mandate of law laid down under the Water (Prevention & Control of Pollution) Act, 1974, the Air (Prevention & Control of Pollution) Act, 1981 and Environment (Protection) Act, 1986 and Rules framed thereunder and binding directions of the Supreme Court,” the bench also comprising Justice S K Singh said.
Lloyd’s to end investment in coal-fired power plants, coal mines, oil sands by 2022
Bruce Carnegie-Brown, Chairman of Lloyd’s ESG committee and Chairman of Lloyd’s said: “This is the first time we have set an ESG strategy for the Lloyd’s market and it represents an important milestone on the journey towards building a more sustainable future. We have the opportunity to play our part in building back a braver, more resilient world. We recognise that the targets we are setting will be challenging, but will also bring new opportunities. We will work closely with our market and customers to help them plan for these changes as we implement a long-term managed programme towards sustainable, responsible underwriting.”
COVID has exposed inequalities in short time; human should work with not against nature: UNDP report
”Nothing short of a great transformation – in how we live, work and cooperate – is needed to change the path we are on.” Citing events such as climate crisis, biodiversity collapse, ocean acidification, the UNDP said the list is long and growing longer. ”So much so that many scientists believe that for the first time, instead of the planet shaping humans, humans are knowingly shaping the planet. This is the Anthropocene – the Age of Humans – a new geologic epoch.