Page 63 - Climate Change

Bangladesh, ADB ink deals worth $627mn for development, climate projects

The Asian Development Bank (ADB) and the Bangladesh government have signed loan agreements worth $627 million for the implementation of development and climate resilience projects

India's ambitious 2070 zero emission target needs $10 trillion investment

India will have to look at gathering funds to achieve the objective as well as having the desired technologies to meet the target in the long run, experts say

Foundations for an Indian JETP

The second pillar of climate financing, JETP is oriented towards investability in the electricity sector

VP urges joint global action on climate change, environmental destruction

Vice President Jagdeep Dhankar praised makers of Indian Constitution for including protection of forests in directive principles of state policy

Climatic change doesn't necessarily bring evolution in species: Study

A recent study calls into question a long-held theory that periodic fluctuations in climate were important drivers of evolutionary change in mammals

COP-15: India to mobilise domestic finance for biodiversity conservation

The 15th Conference of Parties (COP) to the Convention on Biological Diversity (CBD) ended on a high note with nearly 200 countries adopting a historic deal to preserve nature and reverse damage to ecosystems after four years of fraught negotiations. India, which is one of the Parties to the convention, pushed for Digital Sequence Information (DSI) to be considered under the CBD's access and benefit sharing mechanism, among many other targets during the run-up to the conference and through the anxious final moments until the Kunming-Montreal Global Biodiversity Framework (GBF) became a reality. The Indian delegation was led by Bhupender Yadav, Minister of Environment, Forest and Climate Change along with a team of officers from the government. India negotiated strongly and held discussions with the COP Presidency and the Secretariat of the Convention on Biological Diversity before the final Global Biodiversity Framework was put up for adoption, Yadav said. "The suggestions from Ind

Text of UN biodiversity pact agreed at COP15 with 2030 vision released

After two days of agreeing the Kunming-Montreal Global Biodiversity Framework at COP15 to the UN Convention on Biological Diversity, the final text of the historic framework has been released

India to bolster carbon trading market with stabilisation fund: Sources

Money in the fund would be used by a market regulator to buy carbon credits if prices fell too low, an officials said

Infosys recognised with 'A' score for transparency on climate change

Infosys has been recognised for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on its annual 'A List'

The planet gets short-changed again

It's time we looked at planetary ecology as an inter-connected system demanding a comprehensive approach

India's subsidies for renewable energy, electric vehicles doubled in FY 22

A new study by International Institute for Sustainable Development (IISD), however, said it will be critical for govt carry on the momentum in coming years

Bill Gates upbeat on climate innovation even if 1.5 deg C goal out of reach

Given "the overall scale of our industrial economy, we're going to have to do mind-blowing work to stay below 2 degrees," he said

'DSI adoption at COP15 can financially help protect biodiversity in India'

Digital Sequence Information (DSI) which was adopted as part of the historic deal to protect biodiversity at the COP15 conference here will ensure the flow of funds to countries like India for the conservation of nature, experts say. Through the Nagoya Protocol, the UN Convention on Biological Diversity aims to distribute benefits arising from genetic resources between users who are corporate entities and providers who are indigenous communities and farmers conserving these resources in developing countries. But now, with DSI technology, companies can use nucleotide sequences of genetic resources using genetic engineering, without needing to physically access resources from their country of origin. At COP15, developing countries have maintained that benefits resulting from DSI should also be shared equitably. According to Justin Mohan, Secretary, National Biodiversity Authority (NBA), DSI is now a part of the Post 2020 Global Biodiversity Framework (GBF) under Target 13 and Goal C

UN chief to convene 'no-nonsense' climate ambition summit in Sept next year

UN Secretary General Antonio Guterres on Monday announced that he will convene a no-nonsense climate ambition summit in September next year where countries will have to come with credible and new action plans, with no room for back-sliders, blame-shifters or repackaging of announcements of previous years. Addressing journalists at his end of year press conference here, Guterres said climate change is an area where good news can be hard to find. We are still moving in the wrong direction. The global emissions gap is growing. The 1.5-degree goal is gasping for breath. National climate plans are falling woefully short, he said. Guterres said that going forward, he will keep pushing for a Climate Solidarity Pact, in which all big emitters make an extra effort to reduce emissions this decade in line with the 1.5-degree goal and ensure support for those who need it. There is no doubt that without it, the 1.5-degree goal will soon disappear. I have pulled no punches on the imperative for a

Asian bourses join billion-dollar race to launch new carbon exchanges

Trading and prices have slumped, while concerns mount about how much offsets actually contribute to fighting climate change

COP15 adopts biodiversity reversal plan to save 30% of land, water by 2030

Montreal deal also aims to provide critical financing to developing world; draft calls for raising $200 billion by 2030 for biodiversity, with a plan that could provide another $500 billion

S Korea's sea level rises nearly 10 cm over 33 yrs due to climate change

The sea level rose 15.4 cm over the past 62 years, or 2.49 mm per year

Climate change resulting in itchy eyes and runny nose, shows research

By 2050, airborne pollen loads will significantly increase as a result of climate change, according to a team led by Panos Georgopoulos

Bhupender Yadav makes plea to boost environmental funding at COP15

India's Union Minister for Environment, Forest and Climate Change Bhupender Yadav has expressed hope that the COP15 will put in place the post-2020 Global Biodiversity Framework

2022 in review: Russia war to COP27, top events that shaped the world

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events