Page 59 - Climate Change

Indian banks unprepared for RBI's ESG push, survey shows: Report

A majority of domestic banks, particularly mid-sized and small ones, are grappling with issues on the ESG definitions applicable to lenders, how the norms will be built into ending decisions

Heat alert

No apparent impact, but March weather crucial for wheat

Enter the green age: The financial journey cannot be full of potholes

The details of the transition towards climate-change-related finance will require deft handling

Chinese EV maker showcases world's first car powered by sodium-ion battery

Chinese EV maker JAC has showcased the world's first electric vehicle (EV) that is powered by a cheaper sodium-ion battery which could help reduce the cost of future EVs by 10 per cent

World needs new institutions to drive climate action, SDGs: Amitabh Kant

The world needs new institutions to drive climate action and sustainable development goals (SDGs) as organisations such as the International Monetary Fund (IMF) and the World Bank are not designed to address these challenges, India's G20 Sherpa Amitabh Kant said on Friday. Participating in a discussion on "India's G20 Presidency - Forging Actionable Agenda for Global South" at the Vivekananda International Foundation, Kant talked about the challenges as India holds the presidency of G20 -- an intergovernmental forum comprising 19 countries and the European Union (EU). He said the challenges are "external" and referred to the Ukraine war and the prevailing situation in the West. "We have seen the war going on for one year, we don't know how it will shape up in the coming days. G20 is essentially a consensus building platform," he said. He said geopolitics in Europe is not improving as the Ukraine-Russia war has been going on for a year and is worsening. Kant said G20 is important a

PM Modi flags emerging market debt risk as G20 finance chiefs meet

Modi acknowledged it's not an easy task, but urged the nations to work collectively to strengthen multilateral banks for meeting global challenges like climate change and high debt levels

PM bats for strengthening multilateral development banks to meet challenges

The prime minister said even as the world population has crossed 8 billion, progress on Sustainable Development Goals seems to be slowing down

Under G20 presidency, 'green growth' priority for India: Bhupender Yadav

India has already submitted its Long-Term Low Emission Development Strategy document at COP 27

Necessary to include human rights issues in climate policies: NHRC

It is necessary to include human rights issues in climate policies and programmes along with proper funding of social protection schemes to promote local knowledge and assist community-led adaptation to the effects of climate change, the head of India's human rights commission has said. Addressing an international conference on climate change in the Qatari capital Doha, Justice Arun Mishra, Chairperson of the National Human Rights Commission (NHRC) of India, said that the human-induced build-up of Green House Gases is causing climate change and raising serious concerns about human rights. He said that climate change causes displacement, loss of property, income and access to essential services like healthcare and education due to which the vulnerable groups suffer the most. "Therefore, it is necessary to include human rights issues into climate policies and programmes along with proper funding of social protection schemes to promote local knowledge and assist community-led adaptatio

G20 can contribute to finding solutions to global challenges: Anurag Thakur

Union Minister Anurag Singh Thakur on Wednesday said the G20 can contribute significantly to find a solution to global challenges such as climate change and geo-political tensions. Speaking at the inaugural session of the G20 Second Finance and Central Bank Deputies (FCBD) Meeting here, he noted that the theme of India's G20 Presidency is Vasudhaiva Kutumbakam' (one earth, one family, one future). The world is facing the lingering effect of COVID pandemic, issues around food and energy security, and inflation, worsening climate change and geo-political tensions, the Union Minister for Information and Broadcasting, and Youth Affairs & Sports said in his address. He pointed out that the impact of these crises can affect the progress of key developmental paradigm. The G20 can make significant contribution to find pragmatic solutions to these challenges through a focused and thoughtful dialogue and deliberations, he told the gathering. The theme Vasudhaiva Kutumbakam' reflects the ...

No excuse for high methane emissions: Energy agency chief Fatih Birol

The International Energy Agency on Tuesday accused fossil fuel industries of doing too little to curb methane emissions and undermining global climate goals to limit warming. Economic uncertainty, high energy prices and concerns over security of supply, which would have led to emissions cuts in 2022, were ineffective as methane emissions remained stubbornly high, the report said. Methane cuts are among the cheapest options to limit near-term global warming," said IEA's executive director Fatih Birol. "There is just no excuse. The IEA's annual Methane Gas Tracker found that 75 per cent of methane emissions from the oil and gas sector can be reduced with far cheaper and readily available technologies. Methane, which makes up natural gas, can escape into the air from oil and gas infrastructure. Fossil fuel companies may also flare or burn off excess gas that can release methane into the atmosphere. The report slammed oil and gas majors' refusal to pay up the some USD 100 billion need

The high road to net zero: How CCUS can speed up India's transition plan

Carbon capture utilisation technology can play a crucial role in reducing CO2 emissions, provided the government shapes a workable regulatory framework first

Plan to invest in climate, electric mobility in India: Lightspeed's Taneja

At a time when large investors have reduced their investments in India as the funding winter persists, venture capital firm Lightspeed is betting big on the country

Nine Indian states among 50 most vulnerable regions due to climate change

Asia dominated the XDI list, with 114 regions among the top 200 falling in the region

Saving the land for better use

In India, the economic loss due to land degradation and changes in land use pattern was estimated in 2014-15 at Rs 3.17 trillion

Govts spent record $1 trillion last year subsidising fossil fuels

The splash of state cash on energy last year followed climate talks in November 2021 when world leaders pledged to end such subsidies.

India finalises 13 activities under 3 heads for trading of carbon credits

Green ammonia approved as alternative material for greenhouse gas mitigation

World Bank may loosen loan ratio to free up $4 bn a year for climate change

Malpass said the bank's International Bank for Reconstruction and Development (IBRD) arm may lower its equity-to-lending ratio by one percentage point to 19%

Twelve cheetahs to be translocated from South Africa to India on Feb 18

Twelve cheetahs will be translocated from South Africa to India on February 18, Union Minister of Environment, Forest and Climate change, Bhupender Yadav on Thursday

Mumbai among cities at maximum risk due to rising sea levels: WMO report

The study says sea levels rose by 4.5 mm a year between 2013 and 2022, over three times the rate between 1901 and 1971