Commenting on the set-up, Lawrence Wong, Deputy Prime Minister and...
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Climate, Environment, Renewable Energy
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Climate’s ‘Catch-22’: Cutting pollution heats up the planet
The removal of the air pollution – a term scientists call...
Australian companies, directors face new liability for nature-based risks
Directors could be held personally liable for breaching their “duty...
Rooftop solar projects must for India to meet 175 GW renewable energy goal: Report
Residential consumers and state governments are lagging behind. The government’s recent 20-40 per cent financial subsidy for new residential rooftop solar installations should accelerate the pace at the local level, Vibhuti Garg, IEEFA energy analyst and co-author of the released report added.
Volkswagen gets relief as SC stays Rs 500-cr penalty imposed by NGT
The green panel on November 16, 2018 had said use of ‘cheat device’ by Volkswagen in diesel cars in India led to the inference of environmental damage and had directed it to deposit an interim amount of Rs 100 crore with the Central Pollution Control Board (CPCB).
Getting Real on Climate Change Commitments
A new IMF paper discusses how carbon prices could be used to meet Paris CO2 mitigation pledges. The pledges and required carbon prices to meet those commitments vary by country, and the paper considers the impact on CO2 emissions of $35 and $70 per ton carbon prices. A carbon price significantly below $35 per ton would be sufficient to meet the pledge for the G20 countries, which together account for four-fifths of global emissions, and this is also true for key G20 members such as China and India.
SCOR unveils steps protecting climate and promoting energy transition
SCOR is proactively supporting its clients in the implementation of their climate change strategies. This support is based on detailed underwriting grids, which evaluate both qualitative and quantitative risk factors and encourages insureds to adopt proper conduct in this matter.
New crop of satellites will identify biggest contributors to Climate Change
“Space-based technologies are allowing us for the first time to quickly and cheaply measure greenhouse gases,” said Mark Brownstein, a senior vice president at Environmental Defense Fund, which plans to launch its MethaneSAT in 2021. “Oftentimes both government and industry are not fully aware of the magnitude of the opportunity to cut emissions. With that data, they can take action.”
One million species risk extinction due to humans: draft U.N. report
Deforestation and agriculture, including livestock production, account for about a quarter of greenhouse gas emissions, and have wreaked havoc on natural ecosystems as well.
SBI offers 20 bps discount on electric vehicle loans
“We believe SBI green car loan (electric vehicle) scheme would act as a change agent in the auto loan segment and encourage customers to switch to electric vehicles which can improve overall air quality and lower carbon emissions,” SBI managing director, retail and digital banking, PK Gupta said.
More US industries depend on weather tracking
About one-third of the U.S.’s $18 trillion gross national product is generated by industries vulnerable to changes in the weather. There were 14 weather events that caused at least $1 billion in damages in the U.S. last year, according to the National Centers for Environmental Information. That’s more than the 6.2 per year average from 1980 to 2018.
AT&T is using models to prepare for natural disaster costs
Of the 30 largest publicly traded U.S. companies by market capitalisation, 20 say they have identified “inherent climate-related risks with the potential to have a substantial financial or strategic impact” on their businesses, according to reports provided to CDP, a U.K. nonprofit.
NYC Mayor proposes $10B plan to flood-proof Manhattan as Climate Risk grows
President Donald Trump’s skepticism that climate change is the result of carbon-dioxide emissions from the use of fossil fuels means that the city can’t rely on federal funds unless someone else occupies the White House, New York Mayor Bill de Blasio said. Climate scientists overwhelmingly consider such emissions as the driver of rising global temperatures.