Page 73 - Climate Change

Record number of Australians 'very concerned' about climate change: Report

The report found that 83 per cent of Australians are concerned that climate change will affect the food supply as a result of droughts and floods.

World slips on deforestation, loses cover equal to Ireland's area in 2021

Global gross deforestation amounted to 6.8 million hectares in 2021 with 3.9 giga-tonnes of CO2 equivalent of associated GHG emissions

Leadership in a time of constant flux

Covid, climate change, misinformation and Fourth Industrial Revolution have created a perfect storm that needs new paradigm for leadership. Faisal Hoque's Lift offers insights into what that would be

UK PM Sunak reverses decision on COP27, says will attend climate summit

British Prime Minister Rishi Sunak announced on Wednesday that he will attend the COP27 climate summit in Egypt next week, reversing his previous decision to skip the meeting in Sharm El Sheikh to focus on domestic issues and the economic crisis in the UK. Sunak took to Twitter to reveal his plans after criticism from climate activists and within the government from Indian-origin COP27 President Alok Sharma, who said it was important for the prime minister to be present to show the UK's commitment on the issue of climate action. The pressure mounted further as his ex-boss, former prime minister Boris Johnson, confirmed that he would be attending the summit scheduled between November 6 and 18. "There is no long-term prosperity without action on climate change, tweeted Sunak. "There is no energy security without investing in renewables. That is why I will attend COP27 next week: to deliver on Glasgow's legacy of building a secure and sustainable future," he said, with reference to th

European Central Bank pushes banks to speed up climate change work

The European Central Bank is warning that many of the financial institutions it oversees are moving too slowly to shield themselves and Europe's banking system from the impact of climate change, and it is setting new deadlines to meet those requirements. The ECB said some progress had been made but that a review of 186 banks published on Wednesday showed change was uneven and that the glass remains half full, top ECB official Frank Elderson said in a blog post on the central bank's website. The Frankfurt, Germany-based central bank for the 19 countries that use the euro currency set deadlines for banks to meet climate requirements by the end of 2024. The ECB, acting in its role as banking supervisor, is pushing banks to identify where they could face the risks of climate change and outline how they would take action. Banks are key to the European economy's functioning because most companies get the credit they need to operate from banks instead of from financial markets, the opposit

Impacts from climate change rapidly accelerating in California: Report

The last two decades have been the driest in the past millennium, with California glaciers rapidly disappearing and temperatures up 2.5 degrees since 1895

TMS Ep294: Indian economy, India and COP27, Telecom stocks, 5G testbed

Indian economy: Fingers crossed for the second half? India and COP27: How does the new climate report affect them? Should you buy telecom stocks ahead of 5G boom? What is 5G testbed? Answers here

India and COP27: How does the new climate report affect them?

A UN report, which came out days ahead of COP27 meet, has warned that India's plans to cut emission are not enough to avoid global warming. What will be its agenda at the COP27 meeting?

India needs to be flexible as G-20 chief in face of global challenges: CEA

Nageswaran flags climate finance as a key agenda of bloc in face of 'unknown unknowns'

COP27: All eyes on Egypt to steer climate finance towards adaptation

With the summit happening amid Ukraine war and recession fears, budget cuts for climate are apprehended as nations use money to secure energy and development aid shifts towards humanitarian projects

Crops heavily damaged due to unseasonal rains: Union minister Tomar

Union Agriculture Minister Narendra Singh Tomar on Tuesday said crops suffered heavy damage due to unseasonal rains, which is a fallout of climate change. He said state governments are assessing losses incurred by farmers due to heavy rains in their respective regions. Speaking on the sidelines of an event in Pune, Tomar said the income of farmers should be increased and Prime Minister Narendra Modi is fully committed to this goal. "No one has control over natural calamities. Climate change is being witnessed due to which unseasonal rains occur in one place while other region sees drought. Because of these factors, farmers are affected. This time, crops suffered heavy damage due to rains," the Union minister said. Tomar was in Pune to attend the National Level Horticulture Value Chain Function, organized at Vaikunth Mehta National Institute of Cooperative Management. He said state governments are conducting surveys of the damage caused due to heavy rains and farmers will be provid

Activists target buildings in London to protest against fossil fuels

A climate activist group recently targeted landmark buildings in London by spray painting them in an act of protest against fossil fuels

Climate responsibility

India should assert the principles of liability and fairness as the basis for climate action

What long-term stagnation of global economy means for climate change

The global economy has been trapped in a state of relative stagnation in rates of growth, productivity, investment, and profitability since at least the 2008 financial crisis

Heat waves due to climate change have cost world economy trillions so far

Massive economic losses brought on by extreme heat induced by human-driven climate change are an issue now, not only in the distant future

EU approves ban on new combustion-engine cars from 2035 for climate goals

The European Parliament and EU member countries have reached a deal to ban the sale of new gasoline and diesel cars and vans by 2035. EU negotiators sealed on Thursday night the first agreement of the bloc's Fit for 55" package set up by the Commission to achieve the EU's climate goals of cutting emissions of the gases that cause global warming by 55 per cent over this decade. The EU Parliament said the deal is a clear signal ahead of the UN COP27 Climate Change Conference that the EU is serious about adopting concrete laws to reach the more ambitious targets set out in the EU Climate Law." According to the bloc's data, transport is the only sector where greenhouse gas emissions have increased in the past three decades, rising 33.5 per cent between 1990 and 2019. Passenger cars are a major polluter, accounting for 61 per cent of total CO2 emissions from EU road transport. The EU wants to drastically reduce gas emission from transportation by 2050 and promote electric cars, but a .

Climate goals at risk, emissions by top emitters rebound: UN report

No credible pathway to restrict global warming to under 1.5 degrees Celsius, it says

Averting climate disasters requires bold emission reduction measure: UNEP

Community of nations must implement bold measures to reduce greenhouse gas emissions and avert runaway climate emergencies including floods, droughts, heatwaves and cyclones, the UNEP said

Emissions to hit a peak by 2025, demand for fossil fuel to reduce: IEA

Global greenhouse emissions will peak in 2025 as the world goes through a "profound reorientation" in terms of energy use, said the World Energy Outlook 2022 report

Best of BS Opinion: Political currency, marginal progress, and more

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