Page 102 - Climate Change

March towards net zero carbon could leave gas investments stranded: Study

This risk is seen because International Energy Agency had in June said that achieving net zero emissions globally would depend on halting all future fossil fuel development

A mammoth project to help endangered species and planet

US bio-startup Colossal says it could "help reverse climate change", "help endangered species", and "upset existing ecosystems"

China releases action plan to peak carbon dioxide emissions before 2030

China is the world's largest greenhouse gas producer

India among world's top 10 for climate tech investment: Report

India ranks ninth in the list of top 10 countries for climate technology investment over the past five years and Indian climate tech firms received USD 1 billion in venture capital (VC) funding from 2016 to 2021, according to a new report released in London on Tuesday. Five Years On: Global climate tech investment trends since the Paris Agreement', by London & Partners and Dealroom.Co, analysed the trends in the sector since the last United Nations Conference of Parties (COP) in Paris and ahead of the COP26 summit in Glasgow next week. It found that venture capital investment into climate tech companies globally has skyrocketed since the Paris Agreement, with the US and China leading the global top 10 with USD 48 billion and USD 18.6 billion investment between 2016 and 2021 respectively. The UK comes in at No. 4 with USD 4.3 billion after Sweden at USD 5.8 billion. Countries around the world need to work together so that we can collectively change business practices and commit to .

Greenhouse gas concentrations hit a new record, cuts fall short: UN

Greenhouse gas concentrations hit a new record high last year and increased at a faster rate than the annual average for the last decade despite a temporary reduction during pandemic lockdowns

World set to miss goal of $100 billion climate aid pledged to poor

A target for rich countries to provide poor nations with $100 billion in aid each year to tackle global warming will be missed, officials said

Greenhouse gas concentrations hit a new record in 2020, says UN

The World Meteorological Organization reported Monday that greenhouse gas concentrations hit a new record high last year and increased at a faster rate than the annual average for the last decade

Will have something that will meet Biden's climate goal: Nancy Pelosi

She said she also hoped to have votes on President Joe Biden's infrastructure and Build Back Better deals in the coming week.

BS Views of the Week: What govt needs to do on PLI scheme and vaccination

From how the government can make the best of the PLI scheme to what it needs to do next on the vaccination front to pull India out of the pandemic, here's what Business Standard columnists and editorials had to say this week

Major oil producer Saudi Arabia announces net-zero emissions by 2060

The announcement was made by Crown Prince Mohammed bin Salman in brief scripted remarks at the start of the kingdom's first-ever Saudi Green Initiative Forum

India seeks compensation for climate damages caused by rich nations

The 2015 Paris climate agreement included language to address "loss and damage," but it left questions about liability and redress unanswered

Deal struck on $100 bn a year climate aid plan for poor countries

The plan is seen as critical to the success of the United Nations COP26 climate summit scheduled to begin Oct. 31 in Glasgow, Scotland

Cabinet to okay COP26 pitch next week, govt seeks $100 bn climate funding

India to push 450 Gw RE, ask $100 billion climate funding, ask Global North to set up a mechanism for compensating 'loss and damage' caused due to climate change events

Pakistan, India among countries of concern on climate change

A latest report by the US Office of Director of National Intelligence (ODNI) has revealed that Pakistan and India are part of 11 countries, singled out and marked as highly vulnerable

Leak of documents reveals nations lobbying to change key climate report

Countries asking UN to play down the need to move rapidly away from fossil fuels

Predictable climate finance in focus for India at COP26 summit

"Since 2017, we have had more renewable energy in the energy mix in India than fossil fuels", says Harsh Shringla, Foreign Secretary

Climate change threatens to spread viruses through an unprepared world

The Lancet Countdown tracks 44 indicators of health impacts that are directly linked to climate change and highlights worsening social inequalities

Fossil fuel plans evade Paris limits, says UNEP report

Over the next two decades, governments are collectively projecting an increase in oil and gas production, and only a modest decrease in coal production

India's 450GW renewable energy goal by 2030 doable, says John Kerry

US Special Presidential Envoy for Climate John Kerry on Wednesday said India's goal of reaching 450 GW of renewable energy (RE) by 2030 is doable as it has already crossed the 100 GW RE mark. "It is really terrific to see India leading the ISA (International Solar Alliance). India is a close partner and the United States strongly supports India's goal of reaching 450 GW of renewable energy by 2030. "We believe that it's absolutely doable and will be done. India has already set an example for emerging economies by reaching 100GW of renewables," Kerry said while addressing a session of ISA general assembly. He further said,"What India has demonstrated with its low-cost solar auctions and build out of the transmission grids and massive solar parts program and other innovative policy tools can be replicated all over the world." Noting that solar energy is at the heart of the urgent climate action, he urged nations to take dramatic action to keep the 1.5-degree Celsius temperature rise

Fossil fuel plans would far overshoot climate goals, says study

The disparity between climate goals and fossil fuel extraction plans termed the production gap will widen until at least 2040, the report found.