CLIMATE TARGETS
Roadmap to EV 30@30: How can India achieve this ambitious target
India's climate change strategy includes the EV30@30 initiative, aiming for 30% of new vehicle sales to be electric by 2030. This transition enhances air quality, reduces oil dependence, and fosters economic growth. While challenges like limited commercial EV options and charging infrastructure persist, government incentives and rising private investments are accelerating EV adoption.
Only 17% of targets to improve life around the world are likely to be reached by 2030, UN reports
Despite incremental progress in some areas, global sustainable development remains hindered by slow advancement and persistent challenges. Efforts in expanding technology access and renewable energy capacity show promise, but significant work is needed to address issues like gender equality and education to achieve the 2030 goals.
Prevent mindless utilisation, promote mindful consumption: Bhupender Yadav
At the first India Climate Summit of the Times Network on Friday, Bhupender Yadav, the minister for environment, forest and climate change, pointed out carbon emission-intensive anthropocentric development, unsustainable consumption patterns, and desertification as three pressing issues that confront the world today.
Rich nations should provide climate finance to developing countries: Bhupender Yadav
"Temperature rise is a global problem. IPCC reports clearly say the increase in carbon emissions is driving average global temperatures up. Countries have prepared their Nationally Determined Contributions. India has achieved its climate targets, be it in the renewable energy sector or reducing carbon emissions," Yadav said at the India Climate Summit.
Economic benefits of investing in WASH for corporates
A noteworthy fact in the CSR spends of the past 5 years is the growing emphasis on healthcare, WASH and environment sustainability (JICA Report). This bodes well for achieving India’s net zero goals by 2070.
Landmark Supreme Court ruling could spur more climate cases in India: Report
Citing the case of Citing the case of M K Ranjitsinh and Others vs. Union of India, the report by the London School of Economics' Grantham Research Institute on Climate Change and the Environment said that climate cases in the Global South are increasing and gaining more attention. M K Ranjitsinh and Others vs. Union of India, the report by the London School of Economics' Grantham Research Institute on Climate Change and the Environment said that climate cases in the Global South are increasing and gaining more attention.
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80% of marginal farmers in India affected by adverse climatic events: Report
According to the report, nearly 43 per cent of the surveyed farmers lost at least half of their standing crops. Rice, vegetables, and pulses were particularly affected by uneven rainfall. In the northern states, paddy fields often remain submerged for more than a week, destroying newly planted seedlings.
Decarbonization by 2045 agreed: Youth-led climate lawsuit settled in Hawaii
Hawaii settles with 13 young plaintiffs in Navahine v. Hawaii Department of Transportation lawsuit to decarbonize transportation by 2045, approved by Judge Tonaki.
Rise of EVs: The urgency of climate action
Climate change effects are evident globally, urging immediate action to prevent irreversible damage by 2030.
Record $1.8 trillion investment in renewables made in 2023 not enough to meet COP28 goals, says EY report
More than 100 countries at the COP28 climate summit in Dubai last year had agreed to triple renewable energy capacity by 2030 and cut down the use of fossil fuel and emissions, a move seen as vital to avert the worst effects of climate change. The pledge made at COP28 is one of the several energy-related announcements that include new measures and funding to combat methane emissions, agreements to cut coal use and nuclear energy promotion.
Heatwaves: A reminder to focus on health as part of climate action
Heatwaves are affecting a huge proportion of India’s population with health problems, including heatstroke, dehydration and worsened chronic health conditions. With over 25,000 cases of heat stroke being reported since March, hospitals have witnessed a spike in heat-related illness cases, stretching already strained public health systems.
Landmark EU nature restoration plan gets final approval as bloc gives the green light
The law, which aims at restoring ecosystems, species and habitats in the EU, was finally adopted at a meeting of environment ministers at Luxembourg after rallying the required support from a qualified majority representing 15 of the 27 member states and 65 per cent of the EU population.
Steering climate risk: How banks can be future-ready
Companies worldwide are assessing climate change risks, including the banking and financial services sector. Climate variability impacts sectors like agriculture, infrastructure, and energy, heavily reliant on banks for financing.
UAE's Alterra commits $1 billion to Brookfield’s climate fund
The $5-billion Catalytic Transition Fund (CTF) managed by Brookfield Asset Management receives a $1-billion commitment from UAE's Alterra Management Limited to invest in clean energy and transition assets in emerging economies.
India’s climate dilemma will hang over Modi’s next five years
Modi, who has cast himself as climate champion for much of the past decade, will be under pressure to make faster progress toward existing green targets, including pledges to hit net zero by 2070, install a mammoth 500 gigawatts of non-fossil energy by the end of the decade, and corral a global alliance on solar power that aims to secure $1 trillion in investment.
Major world economies seek to halt new private sector coal financing
OECD plan instructs financial institutions to stop funding coal projects. Calls for financing early closure of coal plants and supporting clean energy. Policy aims to set a standard for dealing with coal infrastructure.
UN chief urges fossil fuel ad ban as heat records pile up
Humans are as dangerous to Earth as the meteorite that drove dinosaurs to extinction, the UN chief said Wednesday, urging an end to fossil fuel ads after 12 months that were the hottest on record. Last month was the hottest May on record and the 12th consecutive month to break such a record, the EU climate monitor Copernicus announced.
ISRO working on mission to advance high-resolution thermal imaging for climate, resource management
The TRISHNA mission, a collaboration between ISRO and the French space agency CNES, aims to monitor Earth's surface temperature, water stress, and water quality for energy budgeting. The launch schedule is undisclosed.
Planet overheating, ban fossil fuel ads: UN chief
UN Secretary-General Antonio Guterres stated humans are as destructive as the meteor that caused the dinosaur extinction, urging a ban on oil, gas, and coal advertising. His comments coincided with scientists reporting the last 12 months as the hottest on record. The global average temperature is 1.63°C above pre-industrial levels. Despite the agreement to phase out fossil fuels at COP28, emissions remain high. Guterres called for taxing fossil fuel profits and reallocating funds to combat climate change, as critical climate talks continue in Bonn ahead of the COP29 summit in November.
UN weather agency predicts that 1.5-degree Celsius target limit for global temperatures likely to be surpassed by 2028
The UN's weather agency predicts an 80% chance of global temperatures surpassing the 1.5°C target in the next five years, as outlined in the Paris climate accord. The World Meteorological Organization expects temperatures from 2024 to 2028 to be 1.1 to 1.9°C hotter than the start of the industrial era. UN Secretary-General António Guterres highlighted this threat in a speech for World Environment Day. The EU's climate service reported May as the hottest ever, with 12 consecutive months of record temperatures, attributing the trend to fossil fuel burning.
₹1 investment in agri R&D can fetch ₹13 return, says NAAS chief
The NAAS president, Himanshu Pathak, stresses the urgent need to revamp India's agricultural research and education system to address challenges like high costs, low productivity, and climate change impacts. Highlighting significant returns on research investments, he calls for a shift towards globally competitive and sustainable farming, emphasizing the importance of innovation and collaboration to achieve these goals.
India heatwave kills at least 33, including election officials
India has experienced a heatwave, with at least 33 people, including election officials, dying of suspected heatstroke in Bihar, Uttar Pradesh, and Odisha. The heatwave is expected to continue until Saturday, as temperatures in northwestern and central India are expected to fall in the coming days. Bihar has seen the highest temperature recorded in the country at 52.9 degrees Celsius, while Uttar Pradesh has seen nine election personnel die.
India's plan of becoming the fastest-growing G20 nation may hinge on the weather
India's precarious balance between human ingenuity and environmental fragility is under threat as record-breaking temperatures and extreme weather events amplify the challenges faced by its vast population. The path to prosperity is hindered by climate change, highlighting the urgent need for sustainable solutions to secure India's future.
Rich nations met $100 bn climate finance goal two years late: OECD
Wealthy countries finally met the $100 billion annual climate aid target for poorer nations in 2022, two years late, as per the OECD. The delay has damaged trust in climate negotiations as nations aim for a more ambitious goal by November. However, the $100 billion falls short of the estimated $2.4 trillion needed annually by developing nations for renewable energy and climate adaptation.
Green energy will help fight pollution and create jobs in India
India, committed to climate mitigation programme, today stands 4th globally in renewable energy installed capacity, 4th in wind power capacity and 5th in solar power capacity, as per International Renewable Energy Agency - Renewable capacity statistics 2023.
Unjustly targeted, BJP's show-cause notice demoralizing: Jayant Sinha
BJP MP Jayant Sinha defends himself against party's show cause notice for not participating in campaigning, citing focus on global climate change and postal voting during elections.
What is 'Net Zero', anyway? A short history of a monumental concept
The G7 leaders recently committed to achieving net zero emissions by 2050, with the Albanese government in Australia introducing legislation to create a Net Zero Economy Authority to drive investment in clean energy. The concept of net zero, aiming to balance carbon emissions with carbon sinks, emerged from early climate negotiations in the 1990s. It gained traction in the late 2000s as a metric for assessing mitigation efforts and became a key goal of the 2015 Paris Agreement. However, challenges remain in ensuring fairness and equity between developed and developing nations, and in avoiding greenwashing by corporations.
Slowing EV sales are upending banker climate strategies
The global electric vehicle market faces challenges as China leads in EV development, impacting sales in Europe and US. Policy interventions are expected due to China's dominance and US tariff increases on Chinese imports.
Nepal PM Prachanda calls for 'unified mountain voice' to address effects of climate change
Prime Minister Prachanda emphasizes the urgent need for a unified mountain voice to address climate change effects in the Himalayas. Nepal aims for zero greenhouse gas emissions by 2045, prioritizing vulnerable groups like women, youth, and indigenous tribes.
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