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Houthi attacks has led to an “environmental disaster” in the Red Sea, US says
The Houthi assaults have continued despite waves of airstrikes by...
NGT asks 53 cities to submit complete report on polluting sources, steps taken to reduce pollution
“All the cities (53) should disclose the contribution by each...
Airbus unveils concepts for hydrogen-powered plane
Airbus AIR.PA has set itself a deadline of 2035 to put a carbon-free commercial aircraft into service, a target engine makers like Safran SAF.PA have described as ambitious.
DCGI approves commercial launch of low cost Covid-19 test ‘Feluda’
The Tata CRISPR test is the world’s first diagnostic test to deploy a specially adapted Cas9 protein to successfully detect the virus causing COVID-19, it said.Moreover, CRISPR is a futuristic technology that can also be configured for detection of multiple other pathogens in the future.
Commenting on the development, Girish Krishnamurthy, CEO, TATA Medical and Diagnostics Ltd said, “The approval for the Tata CRISPR test for COVID-19 will give a boost to the country’s efforts in fighting the global pandemic.
World’s top companies urge action on nature loss ahead of U.N. talks
“Healthy societies, resilient economies and thriving businesses rely on nature. Governments must adopt policies now to reverse nature loss in this decade,” the companies said in a statement.
Others to sign included IKEA, Unilever and AXA .
Business for Nature, the coalition which organised the statement, said it was the first time so many companies had issued a joint call emphasising the crucial role healthy ecosystems play in human well-being.
Businesses call on U.S. insurers to ditch fossil fuel underwriting
“The insurance industry is underwriting and investing in fossil fuels which we now know are the key drivers of climate change,” they said.”As insurance customers, we are therefore expressing our desire for insurance coverage in the U.S. market that isn’t tied to supporting fossil fuels and actively supports renewable energy.”
U.S. insurers reported almost $7 trillion in cash and invested assets, according to the National Association of Insurance Commissioners.
Burps to burgers: food companies wrangle climate-warming cattle emissions
Livestock emit 14.5 per cent of the world’s greenhouse gases that are related to human activity such as farming, according to the United Nations Food and Agriculture Organization. Nearly two-thirds of those emissions come from cattle, including through burps, flatulence and manure.
Energy transition to have transformative effect on Mining sector:WTW
Environmental Social Governance forms the key theme of the report, highlighting that the transition to a low carbon economy requires a fundamental reappraisal of mining company climate risk
Global net zero emissions goal would require $1-2 trillion a year investment: study
Since 2000, global warming has cost the United States and the European Union at least $4 trillion in lost output and tropical countries are 5% poorer than they would have been without climate change impacts, according to research by Stanford University.
Pandemic’s ‘great reset’ makes energy firms invest more in renewables: executives
Reeling from the onset of the pandemic, global oil consumption shrank by more than 20% in the second quarter and prices hit their lowest in decades, making companies rethink how fast they should make the transition away from reliance on oil and gas.
“Everyone’s talking about this great reset . What do we need to do to survive this?” Arif Mahmood, Petronas’ executive vice president and CEO of downstream, said at the virtual Platts APPEC 2020.
“Energy transition will be pushed forward much faster,” he concluded.
End of combustion engine moves closer with EU climate plan
Under a new climate target for 2030, European automakers would need to embrace tougher pollution standards, with new rules that could retire combustion engines to science museums. Energy will grow increasingly cleaner, with an additional 350 billion euros ($415 billion) per year required for investment in production and infrastructure. And to help cut greenhouse gases in agriculture, Europeans would be encouraged to eat less meat.
Funds and firms call for tougher 2030 EU climate target
In a separate letter, 127 business leaders and 30 investors, some of whom are in the IIGCC, also backed an emissions-cutting target of “at least 55%” by 2030.This would help ensure Europe’s economic recovery from the coronavirus pandemic is driven by green growth, said the companies, which include Unilever, Google, EDF, Deutsche Bank and H&M.
The EU expects a 55% 2030 emissions-cutting goal to require additional energy investments of 350 billion euros ($415 billion) a year from 2021 to 2030, compared with the previous decade.