Page 33 - Climate Change

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

Year ender 2023: Here's a look at top critical tech deals between India, US

Politically, the sharing is made easy by the fact that after plenty of years, both nations will have governments that will have their mandate in the same year at the same time

Best of BS Opinion: Global trade disruption, Tapping the many Indias & more

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

Global trade disruption

Shipping routes can increase vulnerability

No alternative to green industrial strategy

Sustainable growth requires an industrial policy that prioritises outcomes like clean growth and healthy ageing, moving away from the traditional focus on sectors

CEA reiterates India's stand for more climate funds from developed nations

Citing studies by the United Nations agencies and independent studies, the report said that the developed world has fallen short on its climate action

SBI to sign 200 mn euro LoC with EIB to support climate action projects

State Bank of India (SBI) on Thursday said it will sign a 200 million euro (about Rs 1,800 crore) Line of Credit (LoC) with the European Investment Bank (EIB) for supporting climate action projects in the country. The agreement will be signed on December 21 at the bank's IFSC Gift City Branch in Ahmedabad, SBI said in a regulatory filing. The loan document will become operational, subject to necessary approvals, it said. Earlier this month, SBI signed a 70 million euro (about Rs 630 crore) LoC with German Development Bank KfW for promoting solar projects in the country. The LoC is aimed at supporting Solar Photovoltaics (PV) projects in India.

FinMin economic advisors question rating agencies' view on India's progress

Criticise "unilateral measures" by advanced economies to combat climate change

Netherlands Tata Steel plant forces choice between public health or economy

Locals have voiced concerns about the factory's pollution for decades. However, it was only in September that the Dutch national public health agency first established a direct link

Sustainable debt management on agenda for NITI's global green push

Report on G20 deliberations says credit rating agencies should be regulated for fair assessments of emerging countries

Lessons from 2023 and pointers for 2024

In an era of AI and geopolitical transformation, we may find ourselves feeling nostalgic about 2023 as the new year unfolds

1.5 degrees Celsius climate goal: Relevance, current warming scenario

Here's a lowdown on origin, measurement, and current status of the global temperature rise target in the aftermath of COP28

How to assess the outcome of COP28

This year's UN Climate Conference, hosted by a petrostate and led by a fossil-fuel CEO, defied expectations with new commitments

Ports shipping lines may charge more for fighting climate change

The global shipping industry that is responsible for about 3 per cent of the global GHG emissions and carries nearly 90 per cent of international cargo is one such

'Avoid unilateral barriers' call a win for India at COP28 climate summit

Another senior negotiator revealed that the target of this crucial inclusion in the global stocktake text was not just the CBAM, but also the Inflation Reduction Act of the US

BluPine Energy ties up Rs 511 crore green loan for Gujarat solar project

Renewable energy services firm BluPine Energy has tied up a Rs 511 crore green loan for its 120 MW solar project in Gujarat. The green loan financing for the project has been secured through leading global banking institution Standard Chartered, a company statement said. "With a green loan valued at Rs 511 crore (USD 62 million), this visionary project not only contributes to India's ambitious clean energy goals but also highlights our unwavering dedication to innovation and environmental responsibility," Sanjeev Bhatia, CFO of BluPine Energy, said in the statement. "We are happy to announce the successful financial closure of our first 120 MW solar project in Gujarat," he added. The company stated that the total investment for this project is valued at Rs 665 crore (USD 80 million). Upon completion, the solar plant is expected to generate about 3.23 lakh MWH of solar energy annually, offsetting an estimated 2.96 lakh tons of CO2 and providing power to approximately 2.7 lakh ...

Developed India would have to solve pollution, climate change challenge

India's attempt to reduce poverty with high economic growth will be compromised if it is unable to provide better living spaces, writes Amarjeet Sinha

LIVE: US Fed keeps key rates steady at 5.25-5.50%, signals 3 cuts in 2024

Catch all the latest updates from across the globe here

Making history, COP28 nations agree to 'transition away' from fossil fuels

Coal singled out for phasedown; India calls for climate equity and justice

Saudi registrants for COP28 included undeclared oil company employees

At least 15 people who registered for Saudi Arabia's delegation to the COP28 climate conference in Dubai appear to be undeclared employees of the Saudi state oil company, according to research by an environmental nonprofit. Saudi Arabia, the world's second-biggest oil producer, was one of the main countries opposing an aggressive commitment to phase out fossil fuels at the United Nations-led summit. Saudi Arabia and other large oil-producing nations have traditionally held sway in nixing potential agreements on reducing oil, gas and coal, which when burned cause climate change. This year, however, negotiators went into extra time before approving an agreement that calls for a transition away from fossil fuels for the first time, though critics say it is filled with loopholes. New rules for this year's talks required registrants to disclose their affiliation, a move aimed at improving transparency. Activists have long questioned the presence of fossil fuel producers at the talks, ..