ENVIRONMENTAL POLITICS
The team set to govern Britain under new PM Starmer
Keir Starmer leads Labour to victory in the 2024 election, forming a new government with key appointments like Angela Rayner as Deputy PM and Rachel Reeves as Chancellor of the Exchequer. The team aims to implement strategic policies for the country.
‘It is beyond belief we’re still subsidising the cause of the climate crisis — we need greater subsidies for renewables over fossil fuels now’
"I think the CBAM, to the extent that it does result in significant revenue from tariffs, should recycle some of those funds in lump sum forms to help countries clean up their production processes and adapt to climate change," says Cameron Hepburn, Battcock Professor of Environmental Economics at the Smith School of Enterprise and the Environment, Oxford University.
Nervous investors tear up ESG playbooks in election supercycle
In 2024, global elections spark an anti-green trend affecting ESG investments. Marine Le Pen and Trump's influence reshape the environmental landscape. Utility stocks gain prominence amidst shifting policies and investor sentiments.
Counter-questions for the asking
India's growing population, coupled with higher disposable incomes and consumption, has already begun to devastate our carefully constructed cocoons without our realising it. Competitive manufacturing (leveraging economies of scale, procurement, branding and digitalisation) may be enticing more people to consume more (double effect), accelerating planet-stripping.
Stocks of the new political order: 4 stocks from irrigation pumps and allied sector
It is not that earlier farmers were not getting money under schemes initiated by the Modi government. But the first file which was signed by PM Modi after taking over office for the third time was related to releasing money to the farmers. While there is no doubt that focus on increasing farmer income and boosting agricultural productivity has been on the priority list of the government for the last ten years. But sometimes, a change in the political equation ensures that messaging and amplification of that policy changes is done more in terms of numbers and more effectively. There is a greater likelihood that more money would be pushed toward rural India and given the past track record of it is very likely that policy measures to boost productivity in agriculture will come. Which means another round of re-rating of some stocks in the chain which works in the rural economy.
Time to turn off trickle-down politics
The Supreme Court ordered the BJP-ruled Haryana government to facilitate the flow of 137 cusecs of surplus water from Himachal Pradesh to AAP-ruled Delhi to address water shortage amid record-high temperatures.
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Indian exports: How Modi 3.0 can navigate the protectionist tides in advanced economies like US and EU
India has transitioned from a decade of single-party rule to a new era of coalition politics, causing concern among stock market investors about potential slowdowns in economic reforms. Rising protectionist measures from advanced economies like the US and EU pose challenges for Indian exporters, with stringent regulations on products ranging from chemicals to food items. The impact of these barriers could disproportionately restrict India's economic objectives and competitiveness, particularly in key sectors like textiles and apparel.
Arunachal: The story of victorious Kiren Rijiju's tenacity and commitment
Kiren Rijiju held roles in Youth Affairs, Sports, Law, and now serves as the Cabinet Minister of Earth Sciences, showcasing his adaptability and dedication to various responsibilities.
Climate tech has a promising future in India: Hisham Mundol, Chief Advisor, Environmental Defense Fund, India
Environmental Defense Fund (EDF) wants India to become the first major economy to industrialise without carbonising, says Hisham Mundol, Chief Advisor, Environmental Defense Fund, India.
Who is Claudia Sheinbaum? How can she change Mexico if elected President?
Claudia Sheinbaum has emerged as the front-runner in the upcoming Mexican presidential elections. She is known to have a stellar record as the Mayor of Mexico City.
Climate change hardly a burning issue for Indian voters
Unprecedented climate change disasters are impacting India, but political parties and voters are largely overlooking the issue during the elections. Only regional party DMK has concrete climate change plans. In contrast, Europe prioritizes climate action in elections. Indian voters are more focused on traditional issues like unemployment and inflation.
Not beating about the bush-type, don
The former US president, Donald Trump, recently proposed that if top US oil executives gave him $1 billion for his re-election campaign, he would repeal Joe Biden's environmental regulations and prevent new ones. This proposal was made in a moderate openness of a private function, rather than insinuations or winks. Trump's hyper-frank deals and appeals are seen as a perverse virtue in politics, as moral bars are often lowered to near the ankles.
Lok Sabha 2024: Environment, climate change gain prominence in party manifestos but experts question follow-through
BJP and Congress manifestos focus on climate change, with BJP aiming for net-zero emissions by 2070 and Congress proposing a green transition fund. Experts raise concerns over lack of specific steps and urge greater civil society involvement in environmental decisions.
Post-Apocalyptic Vision: How a US-North Korea nuclear war could reshape the world as per new theory
North Korean leader Kim Jong Un's recent statements indicate a firm stance on the geopolitical stage, asserting readiness for conflict while avoiding an intention to start a war. This comes amidst heightened tensions with South Korea and reports of Pyongyang strengthening ties with Moscow. Additionally, a hypothetical scenario outlined in a new book presents a chilling narrative of a nuclear conflict between North Korea and the United States, highlighting the catastrophic global consequences such a scenario could entail.
LS polls: Over 60 environmental groups demand ban on mega infrastructure projects in Himalayas
They called for a complete moratorium on all mega infrastructure projects, including those related to the railways, dams, hydro projects, tunneling, transmission lines and four-lane highways, along with a comprehensive multidisciplinary review of the impacts of the existing projects.
EU countries split over nature law in latest blow to green agenda
The European Union's key nature restoration policy faces uncertainty as Hungary withdraws support, leading to the cancellation of a crucial vote. The law, aimed at restoring nature on a fifth of EU land and sea by 2030, has sparked backlash from countries like Hungary, Italy, Poland, and Sweden. Critics fear it could burden farmers and clash with other industries. Despite warnings from some EU ministers, the future of the law remains unclear amid growing political scrutiny ahead of the EU Parliament elections in June.
Can climate cafes help ease the anxiety of planetary crisis?
Many of the climate cafes are free and open to the public, but some have been convened especially for librarians, therapists and other professionals.
Climate protesters can't rely on beliefs in criminal damage cases, UK court rules
Activists can't rely on beliefs to defend damage, facing more convictions. Crackdown on protests limits reliance on beliefs. Attorney General and activists clash over ruling. Clare Farrell warns of 'criminalizing' peaceful protesters. Property owner consent essential for defence.
Who is Robert F. Kennedy Jr. and why is he running for president?
Kennedy, 70, is a member of perhaps the nation's most famous political dynasty. His uncle was President John F. Kennedy. His father served as attorney general and a U.S. senator before seeking the Democratic nomination for president. Both were assassinated.
EU's von der Leyen wins backing for second term from Germany
EU-GERMANY-VON-DER-EU's von der Leyen wins backing for second term from Germany
The global future is north-south integration
As climate change reshapes our planet, the traditional global axis shifts. The South faces severe environmental challenges, prompting mass migrations. The North, ironically, gains livable land. Addressing this disparity requires innovative diplomacy to mitigate conflict and foster sustainable solutions. The future demands collective action and inclusive partnerships to navigate the impending geopolitical upheaval.
View: Dirtier business around democracy and climate politics set to collide in 2024
Over the next year, elections in countries with 40% of the world's people and emissions will shape climate policies. Some places may push for cleaner energy, but others might resist. A review of crucial upcoming events follows. India's Prime Minister Narendra Modi has pledged 500 gigawatts of renewables by 2030, while President Joko Widodo of Indonesia committed to a $20 billion agreement to retire the country's coal generators ahead of schedule.
'Ecocide': How war and climate change are often linked
The link between climate change and war has been a theme at COP28, with countries affected by conflict and environmental disasters voicing their concerns. Climate-vulnerable countries, which are often politically and economically weak, are more likely to be affected by war due to climate destabilization and resource scarcity. Countries like Yemen and South Sudan have experienced civil wars that have exacerbated water scarcity. In Gaza, Israeli bombardments have destroyed crucial water infrastructure, hindering efforts to combat climate change.
Climate change is literally body politic
As the world meets at COP28 in Dubai at the end of this month, all nations must realise that moving away from carbon-intensive high-emitting options is non-negotiable to protect people. Pollution is no longer what happens to other people.
View: Philanthropy is welcome, but impact investing would benefit society much more
In many cases, philanthropy might be most appropriate, but in some cases, the same goal could be achieved by an income-generating investment, the returns from which could be ploughed back into the investible corpus to increase the funds available for generating the desired impact.
Develop informed infra environment: Moving away from the old 'development vs environmental protection' binary
A recent Delhi High Court order requires central government agencies to display critical details, such as the number of trees felled and location of compensatory plantations, at all construction sites. This order aims to provide citizens with information to make an informed choice between development and protecting the environment. The court's decision is welcomed as it allows citizens and experts to question authorities and propose alternative development models. However, implementing this order may be challenging, as a similar order was passed by the Central Information Commission in 2011 but was not effectively implemented.
Rising polarisation causes major shifts on US environmental policy between administrations — this worries CEOs: Vincent Pons
"This problem is very deep because democracy itself relies on the delegation of decision-making to millions of citizens — hence, remedying this situation requires studying the dynamics of electoral politics with an aim to bringing citizens back to the polls. We need a fundamental understanding of the different steps of the electoral cycle through which preferences are aggregated into an electoral outcome and then policies — if we can see at which steps there might be a failure, we can learn how to address that," Pons said.
Time right for India to create global norms, benchmarks: Sanjeev Sanyal
India should be confident enough to deconstruct the rest of the world on its own terms as a rising economic power, creating global norms and benchmarks in various fields, Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister, said
Green bills lined up for passage in parliament's monsoon session; biological diversity bill set to be taken up today
The second environmental bill - the Forest Conservation (Amendment) Bill, 2023 - is expected to spark a bigger political debate. Both bills had to be referred to the joint committee of Parliament amid Opposition objections. In the case of the latter, Congress objected that it wasn't sent to the departmental standing committee.
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