Page 112 - Climate Change

Backing grows for new IMF Covid and climate fund for vulnerable countries

IMF chief this month proposed the new trust to allow rich countries to channel some of their new IMF reserves to poor and middle-income counterparts ravaged by Covid or climate change

World Bank vows to keep board apprised of climate action progress

The World Bank on Tuesday agreed to boost its spending on climate change to 35% from 28% and to provide annual progress reports to its board

Canada's climate plan charts hard road ahead for high-polluting oil sands

Canada has set ambitious targets for slashing emissions to fight climate change, but faces a stiff challenge

What's the plan? Corporate polluters lag on setting climate goals

Scientists say the world needs to cut greenhouse gas emissions by at least 45% by 2030 to have any hope of meeting Paris Agreement targets for the middle of century and averting catastrophic warming

Only half of manufacturers on track to for Paris Agreement goals: Capgemini

This is according to a new report from the Capgemini Research Institute entitled 'Sustainable operations: A comprehensive guide for manufacturers'

IMF proposes setting up of an international carbon price floor

The IMF chief noted that a carbon price floor arrangement does not mean carbon taxes per se.

IMF proposes carbon price floor among emitters to limit global warming

The International Monetary Fund on Friday proposed to set up an international carbon price floor to help limit global warming and achieve the transition toward low carbon growth over this decade

BOJ plans to launch new scheme on climate change, keeps policy steady

The Bank of Japan said on Friday it will launch a new scheme to encourage financial institutions to boost lending and investment for fighting climate change

Govt okays proposal to roll out project to explore deep ocean for resources

The cost of the mission has been estimated at Rs 4,077 crore over a five-year period and will be implemented in phases

India's contribution to climate change in last 200 years just 3%: Javadekar

Javadekar lauded the government's efforts to combat air pollution by introducing BS-VI emission norms for vehicles in April last year

Best of BS Opinion: The real oximeter, why poor are leaning right & more

Here are the best of Business Standard's opinion pieces for Monday

From Covid vaccine sharing to climate, G-7 talks yield agreements

The Group of Seven wealthy democracies have wrapped up their first face-to-face summit in two years at a seaside resort in southwest England. The leaders of the G-7 Canada, France, Germany, Italy, Japan, the United Kingdom and the United States made commitments on a range of topics, from sharing coronavirus vaccines to tackling climate change and making corporate taxation fairer. Their final agreement from the three-day meeting also included a section on challenging China over non-economic economic practices and calling on Beijing to respect human rights. Here are details on the key topics they covered: VACCINE SHARING The presidents and prime ministers committed to sharing at least 1 billion vaccine shots with struggling countries over the next year, with deliveries starting in August. U.S. President Joe Biden pledged 500 million doses. Britain and Canada committed to 100 million shots each, and France said it would pitch in with 60 million doses. However, the World Health ...

G7 agrees to boost climate finance, plans to meet $100 bn a year target

But climate groups said the promise made in the summit's final communique lacked detail and the developed nations should be more ambitious in their financial commitments

The real oximeter

The oxygen that we get from nature is about increasing green cover and ensuring that our air - our every breath - is not polluted.

CEOs and investors push world leaders for stronger climate action

A group of 79 company bosses and investors managing $41 trillion issued separate calls on Thursday for world leaders to accelerate action on climate change

Global supply chain squeeze, soaring costs threaten solar energy boom

The situation suggests slower growth for the zero-emissions solar energy industry at a time world governments are trying to ramp up their efforts to fight climate change

India taking steps to become free of single-use plastic by 2022: Javadekar

Considering the adverse impacts of littered plastic waste on both terrestrial and aquatic ecosystems, the prime minister gave a clarion call in 2019 to phase out single-use plastics by 2022.

IndusInd Bank plans to raise climate financing to 3.5% in two years

Private sector IndusInd Bank on Saturday said it will reduce carbon emissions to 50 per cent in next four years and raise climate financing to 3.5 per cent in two years.

World Environment Day 2021: Theme, ecosystem restoration, pics, and more

World Environment 2021 theme is 'ecosystem restoration' - a global mission to revive billions of hectares, from forests to farmlands, from the top of mountains to the depth of the sea

Biden administration aims to restore species protections weakened by Trump

The Biden administration said Friday it is cancelling or reviewing a host of actions by the Trump administration to roll back protections for endangered or threatened species