“Climate change is having an impact. The models that we’ve...
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World Bank raises GBP 1.5 billion in 5-year sustainable development bond
According to the World Bank, this Sustainable Development Bond aims...
SC stays MoEF’s office memorandum on ex post facto environmental clearance
Senior advocate Gopal Sankaranarayanan, appearing for Vanashakti,...
Global leaders at UN meet: If virus does not kill us, climate change will
With Siberia seeing its warmest temperature on record this year and enormous chunks of ice caps in Greenland and Canada sliding into the sea, countries are acutely aware there’s no vaccine for global warming.
“We are already seeing a version of environmental Armageddon,” Fiji’s Prime Minister Frank Bainimarama said, citing wildfires in the western US and noting that the Greenland ice chunk was larger than a number of island nations.
Tree cover in Gujarat shrank between 2006 and 2017: CAG
At the national level, the forest cover grew from 690.90 thousand sq km to 712.25 thousand sq km, while tree cover grew from 92.77 thousand sq km to 95.03 thousand sq km during the same period, it said.
The aggregate forest and tree cover of India rose from 783.67 thousand sq km in 2006 to 807.28 thousand sq km in 2017.
Bihar CM shares state’s sustainable development efforts at UN climate roundtable
Despite having one of the highest population density in the world, we are promoting food forestry to ensure food security along with enhanced green cover. We have allocated additional USD 3.5 billion from the state budget for this cause. Work is being executed in mission mode, he said.
This would significantly contribute to the global efforts to achieve the 1.5 degrees Celsius target, he said.
World’s youth rallies against climate change
“We need to treat the climate crisis as a crisis. It’s just as simple as that. The climate crisis has never once been treated as a crisis and unless we treat it as a crisis we won’t be able to, so-called, ‘solve’ it,” Swedish activist Greta Thunberg Thunberg told reporters.
India plans $4.6 billion in incentives for battery makers in electric vehicle push – document
Though keen to reduce its oil dependence and cut down on pollution, India’s efforts to promote electric vehicles have been stymied by a lack of investment in manufacturing and infrastructure such as charging stations. Just 3,400 electric cars were sold in the world’s second-most populous nation during the last business year, compared to sales of 1.7 million conventional passenger cars.
Global climate goals ‘virtually impossible’ without carbon capture – IEA
Up to $160 billion needs to be invested in the technology by 2030, a ten-fold increase from the previous decade, it added.
“Without it, our energy and climate goals will become virtually impossible to reach,” the IEA head Fatih Birol said in a statement.
Munich Re issues first-ever green bond
Munich Re will use the raised capital to finance or refinance sustainable projects in accordance with the company’s Green Bond Framework. Projects include investments of equity and debt in renewable energy, energy efficiency, clean transportation, green buildings, sustainable water and wastewater management, the eco-efficient and/or circular economy, and the environmentally sustainable management of living natural resources and land.
Climate risk need to be baked into company financial accounts:UN climate envoy
Specifically, the investor groups, which include the United Nations-backed Principles for Responsible Investment, said companies needed to explain the key assumptions made with regard to climate risk and make sure they are compatible with the goals of the Paris climate agreement
Steady rise in heavy rainfall events during 3 last years: Harsh Vardhan
Earth Sciences Minister Harsh Vardhan said studies show that the frequency of severe cyclones in the Arabian Sea has increased in recent years.
The data shows that there is a steady increase in the number of heavy rainfall events during the last three years, Vardhan said.
The frequency of cyclones too has seen a rise, he noted.
A fifth of countries worldwide at risk from ecosystem collapse as biodiversity declines, reveals pioneering Swiss Re index
39 countries have ecosystems in a fragile state on more than a
third of their land – Malta, Israel, Cyprus, Bahrain and Kazakhstan
have the lowest Biodiversity and Ecosystems Services (BES) ranking
• 55% of global GDP depends on high-functioning BES
• Major economies in Southeast Asia, Europe and the US exposed to
BES decline
Christian Mumenthaler, Swiss Re’s Group Chief Executive Officer, said: “There is a clear need to assess the state of ecosystems so that the global community can minimise further negative impact on economies across the world. This important piece of work provides a data-driven foundation for understanding the economic risks of deteriorating biodiversity and ecosystems. In turn, we can inform governmental decision-making to help improve ecosystem restoration and preservation. We can also support corporations and investors as they fortify themselves against environmental shocks. Armed with this information, we can also ensure the provision of stronger sustainable insurance services.“