“Over the past six years, Descartes has established itself as the...
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Climate, Environment, Renewable Energy
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Nuclear-powered ships may reshape trade with cleaner, faster transport, to pose problems for insurance
Commercial insurance companies won’t provide coverage for ship that...
US spends nearly $1 trillion on disaster recovery and other climate-related needs over last one year
Overall, increased climate costs from insurance premiums, power...
India’s emission intensity reduced by 33 per cent between 2005 and 2019: Govt report
Environment Minister Bhupender Yadav said that India reduced its GDP emission intensity by 33 per cent between 2005 and 2019, achieving the target 11 years in advance. India created an additional carbon sink of 1.97 billion tonnes of CO2 equivalent during this period...
Over 120 countries back COP28 UAE Climate and Health Declaration
"The climate crisis is a health crisis, but for too long, health has been a footnote in climate discussions," said Tedros Adhanom Ghebreyesus, Director-General, World Health Organization Dubai: Over 120 countries backed the COP28 UAE Declaration on Climate and Health...
World Bank to boost climate financing share to 45%, broaden climate debt clauses
World Bank President Ajay Banga also said that the World Bank would broaden the scope of Climate Resilient Debt Clauses in its loans to cover all existing World Bank loans for the most vulnerable countries. The clauses provide for a suspension of repayments in the...
Kenya could lose up to 7.25% of GDP to climate change, World Bank says
Kenya could lose up to 7.25% of economic output by 2050 if it does not take strong action to adapt to climate change and mitigate its effects, the World Bank said on Friday. Like other so-called frontier economies, the East African nation has been suffering from the...
India turns to coal as hydro generation falls
Coal satisfied 80% of electricity demand up from 73% a year earlier, while the hydro share fell to 9% from more than 15% LONDON: India produced a record amount of electricity from coal in October to make up for a shortfall in hydro generation following...
134 countries sign declaration to address global emissions, protect farmer lives
The 134 signatory countries to the Declaration are home to over 5.7 billion people and almost 500 million farmers, produce 70 per cent of the food, and are responsible for 76 percent all emissions from global food systems or 25 per cent of total emissions globally...
WMO report shows 2023 shattered climate records experts highlight concerns for India
“Greenhouse gas levels are record high. Global temperatures are record-high. Sea level rise is record high. Antarctic sea ice is record low. It’s a deafening cacophony of broken records,” said WMO Secretary-General Prof. Petteri Taalas Dubai: The year 2023 has...
Allianz and Dutch development bank back $1.1 bln sustainable loans fund
The fund will co-invest in a portfolio of about 100 loans targeting the energy, financial and agribusiness sectors to help developing countries meet three SDGs – boosting economic growth, equality, and fighting climate change Allianz Global Investors and Dutch...
Impact of climate change on health takes centre stage at COP28: WHO
7 million premature deaths annually are attributed to air pollution The health community recognizes the role health systems play in contributing to emissions, and advocates for greening the health sector. This involves decarbonizing health systems, digitalizing...
Net zero goal calls for USD 5 trillion in annual green investments: IMF
Of the 50 per cent cut to emissions needed by 2030 to stay on track for the 1.5-degree target, more than 80 per cent can be achieved from technologies available today. Getting to net zero by 2050 will, however, require technologies that are still under development or...