Page 74 - Climate Change

Climate risks: Headwinds for banking

"Climate action failure" still features among the foremost long-term threats, and its severity is increasing

Global campaign to ensure loss and damage not forgotten at COP27

With world leaders meeting at COP27 next month, the "Hack the Agenda" campaign is hijacking social media conversation and greenwashing in order to raise awareness about loss and damage

Mission LiFE launched: PM calls for concept of 'reduce, reuse & recycle'

LiFE was announced by Modi during COP26 last year. It is also a part of India's nationally determined contributions (NDC)

Indians think combating global warming is good economics: Report

A significant proportion of the adult population in India appears convinced that steps taken to combat climate change and global warming will actually be good economics

84% of Indians say global warming is happening and can't be ignored

A massive majority -- 84 per cent -- of Indians seem convinced that global warming is a reality that can no longer be ignored.

'Joe Biden's climate act will tip level playing field between US and EU'

Senior French and German officials warned Wednesday that recent measures by the Biden administration to address climate change and boost the American economy could upend the level playing field on trade between the European Union and the United States. The EU has criticised the legislation, approved by Congress in August, for including clauses that it says discriminate against European automakers. We need to work on adequate European responses to this American Inflation Reduction Act, which might jeopardize the developing field between our two continents, French Economy and Finance Minister Bruno Le Maire said after talks with his German counterparts. Asked what such a response might entail, Le Maire said, We are not talking about tit for tat." But he told reporters that France wanted to explore all the options with our European partners." We should seize any opportunity that we have to talk to the U.S. administration and to explain very clearly that we do not want to be hit by the

Spotty policies, Ukraine war darken India's climate change targets

The conflict will hamper further India's slow progress in meeting key goals

Concern about climate change shrinks globally as threat grows: Study

Only 20% of people in China, the world's biggest polluter, said they believed that climate change was a very serious threat, down 3 percentage points from the previous poll in 2019

66% CEOs in India expect recession in 2023; layoffs on the cards

Eighty-six per cent CEOs in India, compared to 71 per cent CEOs globally, predict that a recession will impact company earnings by up to 10 per cent over the next 12 months.

Guterres on India visit from today; to commemorate 75 years of India at UN

General Secretary Antonio Guterres is to visit India from today to commemorate India's 75-year partnership with the UN during which India's contribution to fighting climate change will be highlighted

Electric vehicles: Future of Earth's climate may be decided in traffic jam

The electrification of road transport is continuing at a breakneck pace

India committed to COP27 under Egyptian presidency: Jaishankar to Prez Sisi

External Affairs Minister S Jaishankar on Sunday held discussions with Egyptian President Abdel Fattah El-Sisi and highlighted India's commitment to the success of COP27 under the Egyptian presidency

Plastic pollution in US could trigger $20 bn in payouts over next 8 yrs

Litigation could cost the plastics industry and its insurers $20 billion in the US over the next eight years, according to a report backed by the United Nations and an Australian billionaire

Climate protesters throw soup on Van Gogh's 'Sunflowers' in London

Climate protesters threw soup over Vincent van Gogh's "Sunflowers" in London's National Gallery to protest fossil fuel extraction, but caused no damage to the glass-covered painting. The group Just Stop Oil, which wants the British government to halt new oil and gas projects, said activists on Friday dumped two cans of tomato soup over the oil painting, one of the Dutch artist's most iconic works. The two protesters also glued themselves to the gallery wall. The soup splashed across the glass covering the painting and its gilded frame. The gallery said, "There is some minor damage to the frame but the painting is unharmed." It was cleaned and returned to its place in the gallery on Friday afternoon. The work is one of several versions of "Sunflowers" that Van Gogh painted in the late 1880s. London's Metropolitan Police said officers arrested two people on suspicion of criminal damage and aggravated trespass. "Specialist officers have now un-glued them and they have been taken into

Development banks pass climate 2019 goal, urged to help poor more

The world's top development banks provided more than $80 billion last year to help countries tackle climate change, passing a goal they set in 2019, according to a report published Friday. The European Investment Bank, or EIB, said it and seven other financial institutions committed almost $50.7 billion to low- and middle-income countries, and over $31 billion to rich nations in 2021. Multilateral development banks such as the EIB and the World Bank had pledged three years ago to collectively achieve those targets by 2025. Still, the banks have faced calls to step up their lending for climate projects even more, particularly to struggling economies which are unable to finance projects in other ways. United Nations Secretary-General Antonio Guterres said this week that development banks' current business models were painfully averse to risk. This causes projects such as renewable energy installation to be many times more expensive in poor countries than in rich nations, he said.

Climate activists throw soup on Van Gogh's 'Sunflowers' in National Gallery

The activists, who are a part of a group called "Just Stop Oil" wants the British government to halt new oil and gas projects

Poor nations to seek assistance for climate actions at COP27: LDC Chief

The chair of an influential negotiating bloc in the upcoming United Nations climate summit in Egypt has called for compensation for poorer countries suffering from climate change to be high up on the agenda. Madeleine Diouf Sarr, who chairs the Least Developed Countries group, told The Associated Press that the November conference known as COP27 should capture the voice and needs of the most climate-vulnerable nations and deliver climate justice. Sarr said the group would like to see an agreement to establish a dedicated financial facility that pays nations that are already facing the effects of climate change at the summit. The LDC group, comprised of 46 nations that make up just a small fraction of global emissions, negotiates as a bloc at the UN summit to champion the interests of developing countries. Issues such as who pays for poorer nations to transition to cleaner energy, making sure no communities get left behind in an energy transition and boosting how well vulnerable ..

Transition Bonds poised to hit $1.5 trillion: Climate Bonds Initiative

The market for these new securities is set to hit $1.5 trillion by the end of the decade, up from just $12 billion, according to the Climate Bonds Initiative, the world's No. 1 certifier of green debt

UN chief Guterres seeks early-warning coverage for global climate disasters

UN Secretary-General Antonio Guterres has said that he will soon launch a plan for universal early-warning coverage for climate disasters

Capital cost may rise as drivers of equities reverse: Report

Three decades have been benign for global equities, but that time is now changing