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Carbon pricing rises as world’s weapon of choice in climate fight

The principle is simple: a carbon price establishes how much companies need to pay for their emissions. The higher the price, the greater the incentive to pollute less and invest in low-carbon technology.

Governments can force these payments through a carbon tax – a levy companies must pay when they pollute – or through an emissions-trading system (ETS).
“Each country will have to come up with its own path to reaching net zero, but the expectation is carbon pricing is going to be a very important part,” said Wendy Hughes, Carbon Markets and Innovation Manager at the World Bank.

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HDFC Life & HDFC Ergo launch a combi protection plan with term & COVID-19 health cover in a single policy.

HDFC Life’s C2P3D Plus is one of the most flexible and customizable term plans in the market. HDFC Ergo’s Corona Kavach is an indemnity health policy that was launched earlier this year to offer cover against medical expenses incurred due to hospitalization of individuals seeking treatment for COVID-19, on a positive diagnosis for the virus, in a government authorized diagnostic centre

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Making Covid-19 vaccines too expensive to hit poor countries

It should not be surprising then that several developing countries, led by India and South Africa, argued last week at the World Trade Organization’s intellectual property rights council that IPR-related payments should be suspended for the duration of the pandemic for Covid-19 related vaccines, therapeutics and equipment. They worry about “intellectual property rights hindering or potentially hindering timely provisioning of affordable medical products” to their citizens.

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COVID-19 caseload in India climbs to over 91.77 lakh, 37,975 new cases reported

The number of active cases remained below 5 lakh for the fourteenth consecutive day.There are 4,38,667?active cases of coronavirus infection in the country as?on date which comprises 4.78per cent of the total caseload,the data stated.

The number of people who have recuperated from the disease surged to 86,04,955 pushing the national recovery rate to 93.76 per cent, while the COVID-19 casefatality rate stands at 1.46 per cent

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Serum Institute to focus on supplying COVID-19 vaccine to India first

It’s very important we take care of our country first, then go on to COVAX after that and then other bilateral deals with countries. So I’ve kept it in that priority,” said Poonawalla, referencing the global COVAX facility, which has been set up to provide COVID-19 vaccines to poorer countries.

The company remains in discussion with the Indian government about inking a purchase agreement for the vaccine, Poonawalla said , adding that Serum should have quantities of it ready to sell into India’s private market in the first quarter of 2021.

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Surge in greenhouse gases sustained despite COVID lockdowns – U.N

Many scientists expect the biggest annual fall in carbon emissions in generations this year as measures to contain coronavirus have grounded planes, docked ships and kept commuters at home.

However, the WMO described the projected 2020 drop as a “tiny blip” and said the resulting impact on the carbon dioxide concentrations that contribute to global warming would be no bigger than normal annual fluctuations.

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