Page 32 - Climate Change

Global cooperation needed to curb climate crisis, save 14.5 mn lives: WEF

Disasters intensified by the climate crisis may lead to USD 12.5 trillion economic losses and 14.5 million deaths worldwide by 2050, a new World Economic Forum analysis warned on Tuesday. But, there is still time for global stakeholders to take decisive and strategic action to counter these forecasts and mitigate the health impacts of climate change globally, it said. The report, Quantifying the Impact of Climate Change on Human Health, developed in collaboration with Oliver Wyman, was released at the World Economic Forum Annual Meeting 2024. It analysed the climate crisis through a new lens by providing a detailed picture of the indirect impact climate change will have on human health, the global economy and healthcare systems around the world. "While there has been much discussion about the impact of climate change on nature and the global economy, some of the most pressing consequences of the Earth's rising temperatures will be on human health and the global healthcare system,"

CEOs fear for their firms in pre-Davos survey as AI, climate risks rise

Advancements in generative AI were top of the concerns for most survey respondents, with almost 75% predicting it would significantly change their business in the next three years

Davos 2024: Conflict, climate change, AI get top of list for discussion

The Earth is heating up, as is conflict in the Middle East. The world economy and Ukraine's defence against Russia are sputtering along. Artificial intelligence could upend all our lives. The to-do list of global priorities has grown for this year's edition of the World Economic Forum gabfest of business, political and other elites in the Alpine snows of Davos, Switzerland. It gets going in earnest Tuesday and runs through Friday. Over 60 heads of state and government, including Israeli President Isaac Herzog and Ukrainian President Volodymyr Zelenskyy will be heading to town to hold both public appearances and closed-door talks. They'll be among more than 2,800 attendees, including academics, artists and international organization leaders. The gathering is mostly high-minded ambition think business innovation, aims for peace-making and security cooperation, or life-changing improvements in health care and a venue for decision-makers in an array of fields and industries to ...

PM Modi lauds IMD for exceptional service, advancing climate research

Prime Minister Narendra Modi on Monday commended the India Meteorological Department (IMD) for its exceptional services to the nation, saying it has been instrumental in safeguarding lives and advancing climate research. "Today we mark 150 years of the India Meteorological Department's exceptional service to our nation. From pioneering weather forecasting to advancing climate research, IMD has been instrumental in safeguarding lives and enhancing our understanding of the environment," the prime minister posted on X. The IMD kickstarted its 150th anniversary celebrations on Monday with the launch of the 'Panchayat Mausam Seva' that aims to take weather forecasts to every farmer in every village. It also rolled out the National Framework for Climate Services to mainstream climate information in every sector and activity. Launching the portals, Vice President Jagdeep Dhankhar said the IMD's impact transcended mere weather forecasts and has emerged as a safety net, protecting national

2023 officially warmest year on record by huge margin, confirms WMO

The World Meteorological Organization (WMO) has officially confirmed that 2023 is the hottest year on record by a huge margin, smashing global temperature records. The yearly average global temperature approached 1.5 degrees Celsius above pre-industrial levels, which is significant because the Paris Agreement on climate change aims to limit the long-term temperature increase to no more than the same amount. According to the agreement, the long-term increase is calculated as an average over decades rather than an individual year like 2023. Global temperatures in every month between June and December set new monthly records, with July and August registering as the hottest months on record, the UN agency said in a statement. Strictly, the WMO found that the annual average global temperature was 1.45 degrees Celsius higher than pre-industrial levels. They consolidated six leading datasets used for monitoring global temperatures, all of which ranked 2023 as the warmest year on record. T

Best of BS Opinion: The Total trinity, 'It's foreign policy, stupid' & more

Here is the best of Business Standard's opinion pieces for today

India's climate goals: Navigating a complex dilemma

Its experience underscores that unanimous advocacy for carbon taxation can be misguided, as it ignores country-specific realities

JSW Group ties up with Finland-based Coolbrook for low-carbon emission tech

JSW Group on Thursday said it has partnered with Finland-based firm Coolbrook to implement a low carbon emission technology at its Vijayanagar plant in Karnataka. In a statement, JSW Group said the partnership follows Coolbrook's successful completion of the first phase of large-scale pilot tests for RotoDynamic Technology at the Brightlands Chemelot Campus in the Netherlands in 2023. "This strategic partnership will focus on implementing Coolbrook's RotoDynamic Heater (RDH) Technology at JSW's manufacturing sites at Vijayanagar Works in Karnataka with the primary goal of achieving low CO2 emissions in steel and cement production," it said. The RDH technology utilises renewable electricity to power high-temperature industrial processes in steel and cement production, significantly reducing the need to burn fossil fuels, JSW Group said. "Deployment of RDH Technology is expected to have a sizeable impact on the decarbonisation of the group's manufacturing process," P K Murugan, ...

One Nation, One Pass: Forest produce portal gets 24K applications

Transit permits are issued for tree species that are regulated, while the users can self-generate No Objection Certificates for exempted species

2023 recorded hottest year ever as Earth nears critical 1.5C limit

"This has been a very exceptional year, climate-wise... in a league of its own, even when compared to other very warm years," C3S Director Carlo Buontempo said

India Inc concerned about CBAM's impact on supply chain: PwC study

India has set an ambitious goal of generating around 50 per cent of its installed electric power capacity from non-fossil fuel-based energy resources by 2030

'Largest since Madison event': Prep begins for Hello Modi event in UAE

Likely last foreign visit before Lok Sabha polls

The one-in-five achievement

From every fifth car sold this year expected to be electric to the rise of robotrucks, the landscape of sustainable technologies is evolving rapidly

Maldives as tourist hub: Its history and what lies ahead for island nation

Maldives, with a population of 550,000 people dispersed across 185 islands, has become a popular tourist hub in the last five decades and today attracts about 25% of its GDP directly from tourism

Dip in rain, sunshine hours in U'khand's Terai region over 40 yrs: Research

The Terai region of Uttarakhand has recorded a significant reduction in rainfall and a noticeable shift in temperature patterns over a 40-year period starting from 1981 and this might negatively impact crop production in the area, according to a new research. The research conducted by scientists at the G B Pant University of Agriculture and Technology in Uttarakhand found out that the minimum temperature in the region has risen noticeably, while the maximum temperature has not changed significantly, indicating a narrowing range of temperatures. This shift could cause crops to mature prematurely, leading to reduced crop yields, according to the study published in the "Mausam Journal" of the India Meteorological Department (IMD) last week. "The actual decrease in rainfall, sunshine hours and evaporation over 40 years in the Terai region of Uttarakhand is about 58.621 mm, 1.673 hour and 1.1 mm," the study said. The decrease in these climate factors could be attributed to reasons such

Hundreds evacuated, 38 rescued from floods in Australia after heavy storms

Hundreds of people were ordered to evacuate their homes on Monday after flooding inundated parts of Victoria state, as wild weather continues to batter Australia's southeast. The issue was ordered for badly hit areas in the small towns of Seymour and Yea, about 70 miles north of Melbourne. Authorities told residents and tourists to leave immediately as floodwaters rose to dangerous levels. Multiple flood and thunderstorm warnings were in place across Victoria with the deluge filling streets with water. Authorities rescued 38 people from flooding and almost 1,000 calls were made for help, Victoria State of Emergency Services said. Rainfall in the northeast of Victoria was expected to reach more than 200 millimeters (7.88 inches). Authorities warned that flooding above the floor level of a single-story house was likely, and access to key roads would be difficult. The area is popular with vacationers. If you live in a flood-prone area, please make the necessary plans. Especially peop

Climate change driving birds in mountains to higher elevations: Study

Logged forests and climate change are driving birds in tropical mountains to higher elevations due to rising temperatures, a research by the Indian Institute of Science has found. While smaller bird species are able to withstand higher temperatures, and thus colonise these logged forests better, the larger ones appeared to be increasing in the primary (undisturbed) forests, researchers found after analysing 10 years of data. Logged forests refer to the commercial cutting of trees for sale as timber or pulp. Such forests have higher average temperatures and lower humidity than primary forests, thus hastening the movement of birds to higher elevations, the researchers said. Logging can thus lead to the loss of large-bodied, old growth-dependent species, and decrease the overall biodiversity, they said. Further, logged forests also have fewer foliage-dwelling insects, reducing the available resources for the birds. As large species require more energy, this disproportionately reduces

TMS Ep600: PV growth, climate change authority, markets, Muhammad Yunus

Can RBI slam the brakes on PV sales growth? Does India need a climate change resilience authority? Which sectors will be on FPIs' radar in 2024? Who is Muhammad Yunus? All answers here

Indian CBG industry will see interest from investors: EverEnviro MD

EverEnviro Managing Director & Chief Executive Officer Mahesh Girdhar speaks about India's second stab at Compressed Bio-Gas, after an initial attempt to convert waste-to-gas failed

India to build 2 billion-tonne coal stock by 2030, then hit pause button

According to the projections of the Ministry of Coal, the demand for coal will be close to 1.5-1.8 bt by 2030