Page 4 - Latest Updates on Climate Change
Indian banks unprepared for RBI's ESG push, survey shows: Report
A majority of domestic banks, particularly mid-sized and small ones, are grappling with issues on the ESG definitions applicable to lenders, how the norms will be built into ending decisions
 "Indian banks unprepared for RBI's ESG push, survey shows: Report")
Heat alert
No apparent impact, but March weather crucial for wheat
 "Heat alert")
Enter the green age: The financial journey cannot be full of potholes
The details of the transition towards climate-change-related finance will require deft handling
 "Enter the green age: The financial journey cannot be full of potholes")
Net zero target: Why 'sustainable economic growth' will elude India
Western reluctance to spend on climate action and India's inability to accelerate renewables to power faster economic growth are major hurdles to the net zero target
 "Net zero target: Why 'sustainable economic growth' will elude India")
Chinese EV maker showcases world's first car powered by sodium-ion battery
Chinese EV maker JAC has showcased the world's first electric vehicle (EV) that is powered by a cheaper sodium-ion battery which could help reduce the cost of future EVs by 10 per cent
 "Chinese EV maker showcases world's first car powered by sodium-ion battery")
World needs new institutions to drive climate action, SDGs: Amitabh Kant
The world needs new institutions to drive climate action and sustainable development goals (SDGs) as organisations such as the International Monetary Fund (IMF)
 "World needs new institutions to drive climate action, SDGs: Amitabh Kant")
PM Modi flags emerging market debt risk as G20 finance chiefs meet
Modi acknowledged it's not an easy task, but urged the nations to work collectively to strengthen multilateral banks for meeting global challenges like climate change and high debt levels
 "PM Modi flags emerging market debt risk as G20 finance chiefs meet")
PM bats for strengthening multilateral development banks to meet challenges
The prime minister said even as the world population has crossed 8 billion, progress on Sustainable Development Goals seems to be slowing down
 "PM bats for strengthening multilateral development banks to meet challenges")
Under G20 presidency, 'green growth' priority for India: Bhupender Yadav
India has already submitted its Long-Term Low Emission Development Strategy document at COP 27
 "Under G20 presidency, 'green growth' priority for India: Bhupender Yadav")
Necessary to include human rights issues in climate policies: NHRC
Climate change causes displacement, loss of property, income and access to essential services like healthcare and education due to which the vulnerable groups suffer the most
 "Necessary to include human rights issues in climate policies: NHRC")
G20 can contribute to finding solutions to global challenges: Anurag Thakur
Union Minister Anurag Singh Thakur on Wednesday said the G20 can contribute significantly to find a solution to global challenges such as climate change and geo-political tensions.
 "G20 can contribute to finding solutions to global challenges: Anurag Thakur")
No excuse for high methane emissions: Energy agency chief Fatih Birol
Methane cuts are among the cheapest options to limit near-term global warming," said IEA's executive director Fatih Birol
 "No excuse for high methane emissions: Energy agency chief Fatih Birol")
The high road to net zero: How CCUS can speed up India's transition plan
Carbon capture utilisation technology can play a crucial role in reducing CO2 emissions, provided the government shapes a workable regulatory framework first
 "The high road to net zero: How CCUS can speed up India's transition plan")
Nine Indian states among 50 most vulnerable regions due to climate change
Asia dominated the XDI list, with 114 regions among the top 200 falling in the region
 "Nine Indian states among 50 most vulnerable regions due to climate change")
Plan to invest in climate, electric mobility in India: Lightspeed's Taneja
At a time when large investors have reduced their investments in India as the funding winter persists, venture capital firm Lightspeed is betting big on the country
 "Plan to invest in climate, electric mobility in India: Lightspeed's Taneja")
Saving the land for better use
In India, the economic loss due to land degradation and changes in land use pattern was estimated in 2014-15 at Rs 3.17 trillion
Govts spent record $1 trillion last year subsidising fossil fuels
The splash of state cash on energy last year followed climate talks in November 2021 when world leaders pledged to end such subsidies.
 "Govts spent record $1 trillion last year subsidising fossil fuels")
Of fake trees and moondust sunscreen
From a man-made sun-shield to deflect the Sun's rays to giant artificial trees to sequester carbon, radical and potentially risky solutions to stave off climate change are gaining traction
 "Of fake trees and moondust sunscreen")
India finalises 13 activities under 3 heads for trading of carbon credits
Green ammonia approved as alternative material for greenhouse gas mitigation
 "India finalises 13 activities under 3 heads for trading of carbon credits")
World Bank may loosen loan ratio to free up $4 bn a year for climate change
Malpass said the bank's International Bank for Reconstruction and Development (IBRD) arm may lower its equity-to-lending ratio by one percentage point to 19%
 "World Bank may loosen loan ratio to free up $4 bn a year for climate change")
