IMD Director General Mrutyunjay Mohapatra said the Vision-2047...
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Climate, Environment, Renewable Energy
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Global electric vehicle sales up 25% in record 2024
Sales in China jumped 36.5 per cent to 1.3 million vehicles in...
Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds
The fires sweeping across Los Angeles are now on track to cause...
2050 net-zero target can boost India’s GDP by 7.3 pc by 2032: Report
India will need around USD 10.1 trillion in cumulative economy-wide investment to meet its 2070 target. While India could decarbonise using carbon revenues or other domestic tax-raising mechanisms to fund green investments, leveraging international support would free...
China’s fragile economy is being hammered by driest riverbeds since 1865
Yangtze’s retreating water levels have snarled electricity generation at many key hydropower plants, sparking energy chaos across parts of the country. Mega cities including Shanghai are turning off lights, escalators and cutting back on air conditioning. Tesla Inc....
People facing acute food insecurity reach 345 million worldwide – WFP
Before the coronavirus crisis, 135 million suffered from acute hunger worldwide, said Corinne Fleischer, the WFP's regional director, told Reuters. The numbers have climbed since and are expected to soar further because of climate change and conflict The number of...
NTPC to foray into Nuclear power projects, plans 2 nuclear plants
The country currently generates about 70% of its electricity using coal and around 3% from nuclear, and has opened its atomic industry to state-controlled firms beyond Nuclear Power Corp. of India Ltd. in a bid to speed adoption of nuclear energy New Delhi: India’s...
Europe’s markets watchdog calls for a rethink of region’s ESG investing rulebook
At issue is the tendency of fund managers and their clients to treat the EU’s disclosure regime as an ESG labeling system. As a result, investing clients are often left with the impression that funds within a given disclosure category will deliver positive...
Climate risks make Australian home insurance costlier
On average, Australians living in high-risk areas like northern Queensland pay A$3,000 ($2,100) in annual premiums, or double that of residents in the rest of the country, an Actuaries Institute report released on Wednesday showed. Australia’s mounting extreme weather...
India may delay coal plant closures in blow to climate action
Under the proposals being considered, India’s coal plants -- which currently account for almost 70% of electricity generation -- would continue to handle peak evening power demand, even as solar and wind projects become increasingly able to fulfill day-time...
Feeding the world’s coal addiction is more profitable than ever
Despite the huge deployment of renewables, burning coal remains the preferred way of generating electricity worldwide, accounting for 35% of all electricity.As Western producers take advantage of record prices – with companies such as Glencore pledging to operate the...
Biden admin announces $3 billion in FEMA climate resilience funding
The White House said in April that the upper range of climate change’s hit to the U.S. budget by the end of the century could total a 7.1% annual revenue loss, equal to $2 trillion a year in today’s dollars The Biden administration on Friday announced it is putting...
France battles ‘monster’ wildfire near Bordeaux for third day
France is in the grip of its worst drought on record, with a fourth heatwave of the summer sweeping across the country this week. More than 57,200 hectares have gone up in flames so far in France this year, nearly six times the full-year average for 2006-2021, data...