Peeyush Dalmia, Senior Partner, McKinsey & Company, says,...
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Climate, Environment, Renewable Energy
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COP29 climate talks urged to find $1 trillion a year for poorer countries
A previous goal of $100 billion per year, which expires in 2025,...
10 most climate-vulnerable countries got less than $1 year climate finance: Report
The data also shows the 10 countries most affected by climate...
Record 40°C UK temperatures linked to climate change: WMO
The heatwave is also acting as a lid, trapping atmospheric pollutants, including particulate matter, resulting in a degradation of air quality and adverse health effects, particularly to vulnerable people, explained Lorenzo Labrador, Scientific Officer at WMO’s Global...
Rising seas are the next crisis for the world’s ports
In the coming years, sea level rise, more intense storm surge and jack-up tropical storms will visit many of the world’s nearly 3,800 ports. Most of those ports are coastal; About a third are located in tropical bands vulnerable to the most powerful effects of climate...
Britain on course for hottest day on record
Much of Europe is baking in a heatwave that has pushed temperatures into the mid-40s Celsius (over 110 Fahrenheit) in some regions, with wildfires raging across tinder-dry countryside in Portugal, Spain and France. Britain's government triggered a "national emergency"...
World Bank approves $100m to support Nepal’s green, resilient, and inclusive development
This shift will help the country continue to make progress on expanding and protecting prosperity while reducing poverty in the face of compounding challenges that affect Nepal's development, including COVID, disaster, climate and environmental risks," said Steve...
Science offers basis for national climate damage claims: Study
The United States and China, as the world’s two leading emitters, caused global income losses of over $1.8 trillion each from 1990-2014, while Russia, India, and Brazil caused losses individually exceeding $500 billion each for the same years Warmer temperatures can...
India to submit new climate targets to UN ahead of COP27 talks
The South Asian country is preparing to put forward the document — an obligation under the Paris Agreement — in September, according to people with knowledge of the matter, just weeks before crucial COP27 climate talks in Egypt New Delhi: India is set to finally...
ECB climate stress test flags $71 billion risk to euro zone banks
“Euro area banks must urgently step up efforts to measure and manage climate risk, closing the current data gaps and adopting good practices that are already present in the sector,” said the ECB’s chief supervisor, Andrea Enria A sudden jump in carbon prices coupled...
Need to ensure 100% renewables alongside electric vehicles to tackle climate crisis: Experts
''Changes in transport need to go hand in hand with changes in the wider energy system. We must increase reclamation and recycling in the batteries sector and see much more research and investment in battery technology. We also need to reduce the number of cars on the...
Heat stress rising in India, heat waves second biggest killer among natural forces
Data from the National Crime Records Bureau (NCRB) that also captures accidental deaths including those from climatic stress, shows that between 2015 and 2020, 2,137 people had reportedly died due to heat stroke in the states in the northwest. But the southern...
Europe’s resilience test for banks’ climate risk is softer than expected
Banks participating in the exercise had to estimate how events such as floods would impact mortgage values, or how big a hit they faced if corporate clients defaulted after a spike in carbon prices Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer...