Category:

Climate, Environment, Renewable Energy

NGT imposes Rs 25 lakh fine on two units in Noida, says threat of irreversible damage to environment

“In view of depleting groundwater, there is a threat of irreversible damage to the acquifiers and salinity of the water. Moreover, it is leading to scarcity of drinking water, thereby depriving a section of the society from access to potable water which is already scarce. The rainwater harvesting systems have to be regularly maintained as per norms,” the bench said.

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Encourage non-motorised transport systems as they are environment-friendly: HUA

It is imperative that transmission of infection through public transport is curbed by adopting the right sanitisation, containment and social distancing measures, the Union Housing and Urban Affairs Ministry said.

“Touch-less systems like BHIM, PhonePe, Google Pay, PayTM and National Common Mobility Card will reduce human interaction in operations of public transit systems,” it said.

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India may suffer devastating climate change impact in 80 years: Study

“India is the most densely populated region in the world, with relatively high sensitivity and low resilience to changes in its climate, all of which makes it very exposed and vulnerable to any changes that may occur during the rest of the 21st century,” Almazroui told PTI in an email on World Environment Day on Friday.

“A large part of India’s population, ecosystems, and economy are all exposed to high risk in the face of future climate change,” he said.

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SCOR joins UN-convened Net-Zero Asset Owner Alliance, alligns its investment portfolio with low-carbon economy

Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: “SCOR is pleased to join the Net Zero Asset Owner Alliance to promote the transition to a post-coal economy. As a Tier 1 global reinsurer, SCOR has a longstanding commitment to fighting climate change over the long term. Protecting people and property from natural catastrophes and encouraging sustainable development, particularly in a context of intensified climate risk and increased extreme events, are integral parts of the Group’s mission. By joining this initiative and implementing new measures to support the energy transition, SCOR is further strengthening its sustainable approach to investment, as set out in its “Quantum Leap” strategic plan.”

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Indian economist appointed to key World Bank position on climate change and disaster management in South Asia

In his capacity as World Bank’s Practice Manager for Climate Change and Disaster Risk Management for South Asia, one of the top priorities of Jha will be to encourage and help the South Asia region (SAR) Disaster Risk Management and Climate Change team to connect and collaborate across Global Practice boundaries, the bank said in a statement on Friday.And also to the World Bank to conceive and deliver innovative and high-quality development solutions to respond to client demands and strengthen disaster risk management and climate action in the region, the statement said.

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Citigroup launches new ESG investment banking group

“The current Covid crisis will elevate the importance of ESG to our clients, as they increasingly focus on more sustainable and resilient strategies and on recovery plans that help drive the just transition to a net-zero emissions future,” global BCMA heads Tyler Dickson and Manolo Falcó said in a memo to bankers sent on Tuesday.

Companies have become more focused on environmental, social and governance (ESG) factors in recent years as activists and investors put pressure on them and companies that put these considerations at the forefront are rewarded.

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Covid-19 could cause economic loss up to $8.8 trn, 9.7% of global GDP: ADB

The ADB’s forecast, equal to 6.4% to 9.7% of global gross domestic product, was worse than projections in April when it said the global economy could suffer between $2.0 trillion and $4.1 trillion in losses, depending on how long containment measures were in place.
Measures to contain the spread could inflict $1.7 trillion to $2.5 trillion in economic losses in Asia, and between $1.1 trillion and $1.6 trillion in China, the ADB said.

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