Page 8 - Cop27

CO2 emissions from buildings, construction sector hit new high: Report

The sector's operational energy-related CO2 emissions reached 10 gigatonnes of CO2 equivalent -- 5 per cent over 2020 levels and 2 per cent over the pre-pandemic peak in 2019.

TMS Ep299: Banking sector, Passenger aircraft, India Inc in Q2FY23, COP27

What's behind the optimism in India's banking sector? Can India build passenger planes like Boeing and Airbus? How did India Inc fare in Q2FY23? What is COP27? All answers here

What is the Mangrove Alliance for Climate, and what does it aim to achieve?

Spearheaded by the UAE in partnership with Indonesia, MAC was launched at the COP27 Summit in Egypt to scale up and accelerate the conservation and restoration of the mangrove forests

COP27: India, China on track to overachieve 2030 UN climate targets

The analysis on India and China's electricity sector highlights how renewable energy is slowly replacing fossils

What is COP27?

Leaders of over 150 countries are currently camping in Sharm el Sheikh, for the COP27 summit. The outcome of the summit may determine the future course of humanity. But what is COP27?

Emmanuel Macron urges France's big polluters to cut emissions by half

French President Emmanuel Macron on Tuesday urged the country's most climate-damaging industries to double their efforts to reduce greenhouse gas emissions within the next decade, one day after his call for action at the U.N. climate summit in Egypt. Macron convened a meeting Tuesday at the Elysee presidential palace in Paris with the heads of some 50 industrial sites in France, accounting for about 10% of France's total greenhouse gas emissions. He urged the 50 sites, owned by about 30 French and international groups, to cut by half their emissions within the next decade, from over 40 millions of tons of heat-trapping carbon dioxide released in the atmosphere to about 20 millions of tons. The industries include major producers of cement, steel, aluminum and other metals and chemicals. In exchange, the French state is ready to double its financial aid on condition another similar meeting in 2024 ensures the goal can be met, Macron said. If you double your efforts... we will double

COP27: CDRI to propose climate-change adaptation projects on Nov 17

Environment minister Bhupender Yadav says country 'making swift progress' in building such systems

COP27 hosts launch plan to build climate resilience for 4 billion by 2030

In response to devastating impacts of climate change affecting vulnerable people all over the world, COP27 Presidency launched the Sharm-El-Sheikh Adaptation Agenda

COP27: Polluters must pay for climate change, poor nations tell rich

Small island states already buffeted by violent ocean storms and sea-level rise called on oil companies to shell out some of the recent profits, while developing African states called for more funds

Mangroves as carbon sink: India joins five-nation alliance at COP27

India is among the first five countries to join the MAC, at the 27th session of the Conference of the Parties (COP27) at Sharm el-Sheikh in Egypt

Energy colonialism, climate reparations: COP27 and key concepts to know

As countries come together at COP27 to take actions on the collective goals under the Paris Agreement and Convention in Egypt, here are the key concepts you must know about

At COP27, India supports early warning systems on climate impacts

Environment minister Bhupender Yadav says country 'making swift progress' in building such systems

Mangroves can help meet NDC targets, India can share experience: Minister

India has demonstrated expertise in mangrove restoration for nearly five decades and can contribute to the global knowledge base due to its experience, Union Environment Minister Bhupender Yadav said Monday at the launch of the "Mangrove Alliance for Climate". The UAE and Indonesia have launched the MAC on the sidelines of the UN climate summit COP27, to strengthen conservation and restoration of mangrove ecosystems worldwide. India, Australia, Japan, Spain and Sri Lanka have joined the alliance. Yadav said creating a new carbon sink from mangrove afforestation and reducing emissions from mangrove deforestation are two feasible ways for countries to meet their NDC targets and achieve carbon neutrality. NDCs means national plans and pledges made by countries to limit global temperature rise to well below two degrees Celsius, preferably to 1.5 degrees Celsius. "The integration of mangroves into the national programmes for reducing emissions from deforestation and forest degradation i

Macron to pressure France's most climate-damaging industries to reduce GHGs

Just back from the U.N. climate summit in Egypt, French President Emmanuel Macron is to meet Tuesday with the heads of the country's most climate-damaging industries to pressure them to reduce greenhouse gas emissions, amid growing competition from the U.S. and China. The meeting at the Elysee presidential palace in Paris aims at accelerating the reduction of carbon emissions which requires new technologies and investments worth billions of euros (dollars). Macron is expected to provide details about potential state aid to help polluting industries to act. The move comes one day after Macron called on the world's nations to continue to take action to respond to the climate emergency at the COP27 in Sharm el-Sheikh, Egypt. Industry represents about 20% of France's national greenhouse gas emissions. Some 50 industrial sites in France, which account for over half of these emissions, are owned by about 30 French and international groups, whose leadership has been convened to the ...

COP27: Treaty against use of fossil fuels floated at UN climate summit

The world should adopt a treaty that stops the spread of fossil fuel energy, much like it has tried to with nuclear weapons, a prominent small island leader proposed as vulnerable nations Tuesday continued to push for more action and money at international climate talks. Tuvalu Prime Minister Kausea Natano told The Associated Press Tuesday morning that he would propose a non-proliferation treaty for coal, oil and natural gas later in a speech at the United Nations climate summit in Egypt. Natano and Tuvalu, along with other vulnerable nations, have moral authority in negotiations, especially in light of mega climate disasters. A year ago at climate talks in Glasgow, a proposal to call for a phase out coal the dirtiest of the fossil fuels was changed at the last minute to phase down by a demand from India, earning the wrath of small island nations and some vulnerable countries. Small island nation leaders also called for some kind of global tax on the profits of fossil fuel ...

World leaders push for climate action, fossil fuel tax at UN talks

World leaders are making the case for tougher action to tackle global warming Tuesday, as this year's international climate talks in Egypt heard growing calls for fossil fuel companies to help pay for the damage they have helped cause to the planet. United Nations chief Antonio Guterres warned Monday that humanity was on a highway to climate hell with our foot on the accelerator," urging countries to "cooperate or perish. He and leaders such as Barbados Prime Minister Mia Mottley said it was time to make fossil fuel companies contribute to funds which would provide vulnerable countries with financial aid for the climate-related losses they are suffering. The idea of a windfall tax on carbon profits has gained traction in recent months amid sky-high earnings for oil and gas majors even as consumers struggle to pay the cost of heating their homes and filling their cars. The U.S. mid-term elections were hanging over the talks Tuesday, with many environmental campaigners worried that .

What happens after warming hits 1.5C? A guide to climate overshoot

"The thing that's obviously really important to say is that the 1.5C limit is a political limit," says David Keith, a Harvard University physicist and an adviser to the Climate Overshoot Commission

COP27: 112 nations pledge to protect 30% of land and ocean by 2030

Lord Zac Goldsmith, Minister of State for the UK, announced that in discussions with the governments of Fiji, Samoa and Tonga, they had all declared their support for the 30x30 land and ocean target

COP 27: What and why of the historic latest edition at Sharm el-Sheikh

The conference will also look seriously into the "adaptation" aspect of climate policy, focusing on how best to adapt to the consequences of climate change, like increased floods, fires and storms

Time to act faster on climate change, syas British PM Sunak at COP27

British Prime Minister Rishi Sunak on Monday declared that it was time to act faster on climate change because it is the right thing to do as he committed 11.6 billion pounds as the country's commitment to the climate fund during his address at the COP27 summit in Egypt. In his first major address on the world stage since taking charge at 10 Downing Street, the Indian-origin leader pointed to green energy investment as a "fantastic source of new jobs and growth" as he pledged to build on the room for hope created during the UK's presidency of COP26 in Scotland last November. He also used his speech to pay tribute to COP26 President, Indian-origin former minister Alok Sharma, "for his inspiring work" to deliver on the Glasgow climate pact of last year. [Russian President] Putin's abhorrent war in Ukraine and rising energy prices across the world are not a reason to go slow on climate change they are a reason to go faster," said Sunak, in his relatively short address at the summit ..