CLIMATE RISK HORIZONS
Transition to renewable energy could save Bengal Rs 62,000cr over next decade: Study
West Bengal could save Rs 62,000 crore over a decade by transitioning from thermal power to renewable energy sources, according to a study by Climate Risk Horizons. The report suggests that the state could save up to Rs 318 crore annually by replacing higher-cost power contracts with cheaper renewable energy. The report also suggests that electrifying irrigation pumps with PV solar could save Rs 20,720 crore for rice cultivation alone.
Russia’s top Foreign Policy forum 'Primakov Readings' in Nov to have special focus on India & Global South
The upcoming ninth edition of the International Forum "Primakov Readings" is scheduled to take place on November 27-28, 2023, in Moscow. This forum will focus on the theme of "Postglobalization Horizons." Notably, Sergey Lavrov, the Russian Minister of Foreign Affairs, is set to deliver a speech at the event. The "Primakov Readings" represent a significant platform for discussions and insights on global issues and foreign policy.
NIFTY to FIFTY (50,000) – Mitigation of risks to the journey
While midcap and smallcap indices rebounded by more than 45% from their lows, the real show stunner has been SME IPO delivering 113% growth over the past year.
Africa entry, climate stance among G20 feats for India: IMF MD Kristalina Georgieva
India brought the G20 together, but it did more than that. It invited countries and international organisations; so, we can say the whole world came together. The very first important achievement is the African Union being accepted into G20, which gives a whole continent a voice, says IMF managing director Kristalina Georgieva.
How the global North can help the global South fight the climate crisis
Global North investors are deterred by the possibility of a sharp depreciation of global South currencies. They demand high returns to take on risks. Climate action in the global South can be accelerated if affordable solutions are available for long-term currency hedging.
India, world’s top rice exporter, confronts everything from conflict to climate
Besides the uncertainty on monsoons and the El Nino threat this year, it is pesticide issues and payment hassles with Iran that is acting up for India’s rice trade. Can this amount to more serious repercussions for India in the future?
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Climate may not serve as a catalyst to dramatic change but could well act as a complicator, says Peter Frankopan
Historian Peter Frankopan has said climate change may not be the catalyst for major changes but could become a “complicator” adding to existing problems. Trade has been critically linked to climate throughout history, and Frankopan explains that past climate changes led to the formation of the world's great hydrocarbon basins of oil and gas, which have played a central role in the division of the Middle East and continued global conflicts. Climate can also have a significant impact on trade through impacts on crop production, chronic food shortages, famine, and the spread of disease.
Net-zero, at what cost?
If a policymaker today were to decide on a decarbonisation policy till 2070, she would likely discount future costs. But if policymakers at different times were to decide on decarbonisation options in their own times, they would not discount costs. One cannot meet capex or operation and maintenance (O&M) costs with discounted rupees or dollars. One must find real money.
Short seller attack shows risks of going global for Gautam Adani's empire
The world’s fourth-richest man is now the target of Hindenburg Research, a US short seller, which characterized his meteoric rise as the “the largest con in corporate history” in a voluminous Jan. 24 report. It led to a $12 billion wipeout for Adani investors in a day.
Open letter to leaders participating at Davos 2023
The World Economic Forum must put the spotlight on climate change, energy security, and the role of renewables in addressing these issues. This letter is my humble attempt to draw your attention to climate change, a critical threat to human life as we know it and the role of renewable energy, the most powerful tool in our armoury to help combat it.
Climate change deadlier than cancer in some areas: UNDP
Using Dhaka, Bangladesh, as an example, according to the data released on Friday, additional deaths from climate change would be nearly twice the country's current all-cancer death rate and 10 times its road traffic death rate by 2100. Higher temperatures and a warmer climate stress cardiovascular and respiratory systems around the world, but the effects will differ depending on how well communities are equipped to adapt.
Most major nations lag in acting on climate-fighting goals
"Even if Europe meets all of its climate goals and the rest of us don't, we all lose," said Kate Larsen, head of international energy and climate for the research firm Rhodium Group. Emissions of heat-trapping gases don't stop at national borders, nor does the extreme weather that's being felt throughout the Northern Hemisphere.
Oil: The boil tends to roil
The debate is often couched in ethical terms, in the form 'since, by implication, it is all - or largely - the sector's fault, the oil and gas companies should become renewables companies to deliver the solution'.
View: Let's not pretend planting trees is a permanent climate solution
Trees can quickly and cost-effectively remove carbon from the atmosphere today. But when companies rely on them to offset their emissions, they risk merely hitting the climate "snooze" button, kicking the can to future generations who will have to deal with those emissions.
India aims to cut power output from at least 81 coal-fired plants over four years
The plan aims to maximize green energy potential and save costs, the letter sent to top energy department officials of state and federal government said, but will not involve shutting down old and expensive power plants. India has 173 coal-fired plants.
How India could have averted power crisis
"Our analysis shows that if we had been on track to achieve our renewable target, there would have been no power crisis. The additional generation from solar and wind would have erased the energy shortage and would have allowed power plants to conserve their dwindling coal stocks for evening peak periods when solar generation dips,"says an analyst with Climate Risk Horizons.
Indian banks are unprepared to fight climate change, report says
None of the 34 Indian banks surveyed in the report have a long-term net zero target year with an implementation plan covering so-called scope 1, 2 and 3 emissions, which cover direct green house gas emissions, indirect emissions through electricity or energy purchased, and those attributable to its supply chain or vendors.
Climate change a material financial risk
An increasing urgency is being demonstrated by various stakeholders in the US, UK, Australia and the commonwealth countries, in forcing leaders of companies and governments to acknowledge their responsibilities in providing them protection, both financial and otherwise, from the impacts of climate change.
View: Can geoegineering fix climate change?
The trade-off between geoengineering and carbon removal depends on one’s time horizon. The sooner cooling is pursued, the greater the environmental and social impacts of carbon removal.
Retiring old coal plants can help Maharashtra save Rs 16,000 cr in five years: Report
The task of retiring old plants is easier because the unconventional energy policy is aiming to add over 17,000 MW of power in the state, even as Maharashtra is expected to have a power surplus of 15 per cent till 2025 as per the local regulator's calculations, he added.
Is gold losing its lustre as a hedge asset?
Gold prices go up when interest rate goes down; which is directly proportional to the strength of the economy. So, in a broad sense, gold is a hedge against a falling economy.
Invest in ESG funds if you have a long investment horizon
There are eight existing ESG mutual funds schemes available to investors. There are three NFOs also open for subscription.
Discordant Notes: Naked pursuit of domestic interests robbing the G20 of its essence
G20 has come to be marked by naked pursuit of domestic interests, rather than global welfare.
No new coal expansion if India serious about keeping temp rise to 1.5 degrees: Greenpeace
As per an IPCC report released today, allowing 2°C rise in global temperature is much more dangerous than thought when the Paris deal was signed in 2016.
We are bullish on India, China; bearish on political and policy risk: Mike Wells, Prudential Plc.
“We see this market as one where the structural growth is one that we want to participate in”
4 days to go: Here's the US election cheatsheet for financial markets
Here is a look at the potential winners and losers. But first, a caveat. Investors’ immediate reaction to the US presidential elections often doesn’t last.
IMF chief Christine Lagarde says BRICS no more looking like a bloc
On the positive side, Lagarde said, things we did not think will happen, have happened including on sustainable growth and climate change.
A future of thirst: Water crisis lies on the horizon
The next time your throat is as dry as a bone and the Sun is beating down, take a glass of clean, cool water.
Market to rally over 5-7% if NDA gets over 270 seats in election 2014: Sanjeev Prasad
"Even if you miss the 5-7% pop which may happen based on greater than expected poll results, you can still invest later on from next 3-4 yrs’ horizon."
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