Vanuatu, one of the small island states that has spearheaded the...
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Over 100 countries back Plastic Treaty caps as talks reach fierce finish
As of Sunday, countries remained far apart on the basic scope of...
EU seeks to streamline ESG regulations amid growing backlash
Asset managers have cautioned against letting streamlining morph...
European fund managers set to go all in on ESG, survey says
“As regional regulations become increasingly stringent and as efforts towards the development of global ESG standards intensify, managers – especially those willing to compete at a global level – will be pushed towards an all-encompassing alignment of their products...
5 million people in India were internally displaced due to climate change and disasters in 2021
The annual Global Trends Report by the UN Refugee Agency (UNHCR) highlighted that globally 100 million people were forced to flee their homes last year due to violence, human rights abuses, food insecurity, the climate crisis, war in Ukraine and other emergencies from...
World has ‘gambled on fossil fuels and lost’, warns Guterres
António Guterres, Secretary General, UN “For decades, many in the fossil fuel industry has invested heavily in pseudo-science and public relations – with a false narrative to minimize their responsibility for climate change and undermine ambitious climate policies.”...
‘Surprise’ early heatwave in Europe, harbinger of things to come
Drought warnings are an added concern in much of western Europe, as no significant rainfall is forecast in Europe in the coming days, apart from isolated thunderstorms UN: Sweltering conditions in Europe have come earlier than expected this year but the bad news is,...
‘India may need $10 trn investment to achieve net-zero emission by 2070’
Most importantly, create carbon markets and incentives for the adoption of clean energy technologies. India also needs to undertake several policy measures to help deepen the green bond market to facilitate financing," a joint white paper issued by GE-EY said New...
Africa: Major insurers and banks join hands to manage biodiversity risks
Responsible management of Africa’s natural capital, including its water, soil and forests, “creates fantastic opportunities and contributes to the growth and development of the continent,” Rachael Antwi, group head of ESG at Ecobank said Financial institutions that...
Warming Africa threatens insurers’ quest for profit
Temperatures in southern Africa rose at twice the global rate on average in the five years leading up to 2019, according to a report by the Intergovernmental Panel on Climate Change Yet insurers are undeterred, with some looking to expand even in vulnerable...
Air quality panel bans use of coal in Delhi-NCR from next year
However, the use of low-sulphur coal in thermal power plants has been exempted from the ban New Delhi: The Commission for Air Quality Management (CAQM) has issued directions to ban the use of coal in industrial, domestic and other miscellaneous applications in the...
Head of Deutsche Bank’s DWS steps down after ‘greenwashing’ raids
As firms market their environmental, social and governance-related (ESG) credentials in an attempt to tap the trillions of dollars looking to have climate- and socially friendly impact, regulators are beginning to dig deeper into their claims FRANKFURT: The chief...
India achieves 10% ethanol blending target in petrol ahead of schedule: PM
Prime Minister Narendra Modi In his address, the prime minister said India has also achieved its goal of having 40 per cent of its installed power generation from non-fossil fuel-based sources nine years before the deadline India's forest cover had grown by over...