Page 76 - Climate Change

India's focus is on green growth and green jobs, says PM Narendra Modi

'Now, the focus of the country is on growth, on green jobs. And to achieve all these goals, the role of the environment ministry of every state is enormous'

Race for net-zero emissions: Indian airlines take off on sustainable fuel

GREEN DEAL: Air India, AirAsia India, Vistara ink MoU with CSIR-IIP for sustainable aviation fuel

COP27: Centre reaches out to states for stronger climate action plan

As the government prepares COP27, the Union Ministry of Environment, Forest and Climate Change (MoEFCC) is hosting a two-day conference of state environment ministers in Ekta Nagar, Gujarat, starting

Gates Foundation announces $1.27 bn aid for social issues, climate change

The Bill and Melinda Gates Foundation has announced fresh financial assistance totalling USD 1.27 billion to address poverty and social inequalities at the end of its two-day event that saw the participation of over 300 young change-makers from across the globe. The announcement on the financial commitment came over a week after the Foundation in its annual Goalkeepers report noted that nearly every indicator of the UN sustainable development goals are off track for achieving them by 2030. Despite these challenges, the report highlighted opportunities to accelerate progress by investing in long-term solutions and innovative approaches to entrenched issues, including poverty, inequality, and climate change. The Foundation said on Tuesday that the funding will address overlapping global crises that have reversed the progress already made toward achieving the UN sustainable development goals (Global Goals). The two-day Goalkeepers event at the Lincoln Center in New York coincided with

US Senate ratifies international climate deal to limit use of refrigerants

In a major action to address climate change, the Senate has ratified an international agreement that compels the United States and other countries to limit use of hydrofluorocarbons, highly potent greenhouse gases commonly used in refrigeration and air conditioning that are far more powerful than carbon dioxide. The so-called Kigali Amendment to the 1987 Montreal Protocol on ozone pollution requires participating nations to phase down production and use of hydrofluorocarbons, also known as HFCs, by 85% over the next 14 years, as part of a global phaseout intended to slow climate change. The Senate approved the treaty, 69-27, above the two-thirds margin required for ratification. HFCs are considered a major driver of global warming and are being targeted worldwide. Nearly 200 nations reached a deal in 2016 in Kigali, Rwanda, to limit HFCs and find substitutes more friendly to the atmosphere. More than 130 nations, including China, India and Russia, have formally ratified the agreeme

G20 meet: Ways to strengthen WTO dispute settlement mechanism discussed

The meeting with the USTR is crucial since the conclusion of the 12th WTO ministerial in June, the outcome document had promised to revive the dispute settlement body in the next two years

Biden pledges $2.9 bn in food security aid amid Ukraine war, climate change

President Joe Biden on Wednesday is announcing $2.9 billion in global food security aid to address shortages caused by Russia's invasion of Ukraine and the effects of climate change. The White House says Biden will use his speech at the UN General Assembly to announce the funding, which includes $2 billion in direct humanitarian assistance through the United States Agency for International Development. The balance of the money will go to global development projects meant to boost the efficiency and resilience of the global food supply. This new announcement of $2.9 billion will save lives through emergency interventions and invest in medium to long term food security assistance in order to protect the world's most vulnerable populations from the escalating global food security crisis, the White House said.

Over half of US car sales will be electric by 2030 fuelled by Biden's push

Just over half of passenger cars sold in the US will be electric vehicles by 2030, according to a report from BloombergNEF

The world is in 'great peril': UN secretary-gen warns global leaders

Stressing that cooperation and dialogue are the only path forward, he warned that "no power or group alone can call the shots"

Working to implement common KYC for financial transactions: FM Sitharaman

Says developed nations haven't done their bit on climate change

Indian cos leading global fight against climate change: Mahindra Group MD

India can take the lead in the global fight against climate change as a number of homegrown companies are already leading the march, Mahindra Group MD & CEO, Anish Shah said on Tuesday. Global warming has resulted in a number of natural disasters and if it continues unabated it would lead to catastrophic consequences, he said while speaking at the FICCI LEADS 2022 event here. "We've seen our Prime Minister (Narendra Modi) make some very bold statements, including getting to 50 per cent renewable energy by 2030, and that is really an acknowledgement of the fact that India can lead the world on this," Shah said. He further said, "a number of Indian companies have been leading at the world stage in this, as well by looking at new technologies, by looking at green materials coming in by decarbonising industries." Therefore, Shah said, "It's something that we cannot ignore and say we are a developed country or a developing country and it's for others to solve. We have to be able to ...

Investors commit $7.1 trn of assets in pursuit of 1.5 deg C climate goal

A coalition of pension funds and insurance companies have committed to managing $7.1 trillion of assets in line with the Paris Agreement's goal of limiting warming to 1.5 degrees Celsius

India to push big for multilateral reforms of WTO, IMF as G20 Chair

Focus will also be on climate justice, green financing

TMS Ep262: Air India, Roger Federer's legacy, IT stocks, Yvon Chouinard

Can Air India become the Maharaja of Indian skies? What's Roger Federer's legacy? Will IT stocks continue to underperform? How Patagonia and Yvon Chouinard plan to save the earth? All answers here

How Patagonia and Yvon Chouinard plan to save the earth?

Last week, something unusual happened in the US. A billionaire announced to donate his company which he had founded 50 years ago. The reason: He wants to fight climate change. Find out why he did it

Low testing, climate change hamper India's fight against Dengue and Malaria

Experts say India needs more decentralised planning, and access to testing and treatment for malaria and dengue

Air Canada buys 30 electric-hybrid planes to combat climate change effects

Air Canada announced a purchase agreement for 30 ES-30 electric-hybrid aircraft to lower aircraft emissions and combat climate change's effects.The largest airline in Canada on Thursday announced a purchase agreement for 30 electric-hybrid planes under development by Heart Aerospace of Sweden, read an Air Canada press release.The revolutionary regional aircraft, expected to enter service in 2028, will generate zero emissions flying on battery power and yield significant operational savings and benefits. Under the agreement, Air Canada has also acquired a USD 5 million equity stake in Heart Aerospace.This brings Air Canada a step closer to its goal of reaching net-zero emissions by 2050. The ES-30 will allow Air Canada to serve regional and commuter routes more sustainably, providing low-emission connectivity to local communities over the medium-to-long term.It will be capable of carrying 30 passengers seated three across (in a 2X1 configuration), with a galley and lavatory. Air Canada

Assam govt concerned as 15 districts most vulnerable to climate change

The Assam government is concerned as 15 districts in the state are among the 25 across the country identified as the most vulnerable to climate change

BS Views of the week: Rice export curbs, freebies, climate change, and more

Business Standard's opinion pages this week focused on climate change, rice export curbs, freebies, Putin's ill-judged war on Ukraine, and much more

Pakistan crowdfunds $40 mn for dam but spent $63 mn on its ads: Report

he heavily advertised crowdsourced campaign, which was launched by a Supreme Court judge and was endorsed by former Prime Minister Imran Khan is the mega dam caught in a scandal.