Page 58 - Latest Updates on Climate Change
Global financial regulators attempt to align rules on climate risks
The Financial Stability Board (FSB), which coordinates financial rules for the G20 group of nations, said its "roadmap" seeks to coordinate approaches to disclosures by companies
 "Global financial regulators attempt to align rules on climate risks")
Investors say banks must toughen climate policies or face AGM rebellion
Investors managing $4.2 trillion on Wednesday called on some of the world's biggest banks to toughen their climate and biodiversity policies or risk rebellions at their next annual meetings
 "Investors say banks must toughen climate policies or face AGM rebellion")
Hundreds believed dead in heat wave in Canada despite efforts to help
Many of the dead were found alone, in homes without air conditioning or fans. Some were elderly one as old as 97. The body of an immigrant farm labourer was found in an Oregon nursery
 "Hundreds believed dead in heat wave in Canada despite efforts to help")
India is targeting additional 2 bn carbon sequestration by 2030: Javadekar
On the occasion of Van Mahotsav today, the minister planted 'Parijaat' saplings at his residence
 "India is targeting additional 2 bn carbon sequestration by 2030: Javadekar")
Climate change likely to impact agricultural productivity in Maha: Report
Maharashtra faces an increasing risk from climate change that is likely to impact the production of the four crops grown in the state: report
 "Climate change likely to impact agricultural productivity in Maha: Report")
World must remove 1 billion tonnes CO2 by 2025 to meet climate goal: Report
Projects in development will remove only a fraction of the amount of carbon dioxide (CO2) from the air that needs extracting by 2025 to meet the global Paris climate target
 "World must remove 1 billion tonnes CO2 by 2025 to meet climate goal: Report")
Does India need more coal power?
Can we really give up on fresh coal-based plants? And still meet the goal of 24x7 electricity for all? A number of connected issues have to be examined before coming to a conclusion
India says will oppose 'regressive proposal' by rich nations on carbon tax
India will instead seek more action from European nations and the US, says Environment Minister.
Unprecedented Northwest heat wave builds, breaking all-time records
Intense. Prolonged. Record-breaking. Unprecedented. Abnormal. Dangerous. That's how the National Weather Service described the historic heat wave hitting the Pacific Northwest.
 "Unprecedented Northwest heat wave builds, breaking all-time records")
Best of BS Opinion: Shaping India's green future, the NPA scare & more
Here are the best of Business Standard's opinion pieces for Monday
 "Best of BS Opinion: Shaping India's green future, the NPA scare & more")
Shaping India's green future
There are two broad development pathways for India: A net-zero approach and a low-carbon approach. Jayant Sinha prefers the former
Japan insurers struggle to pinpoint climate change cost estimates
Calculating climate costs is no easy task even for Japanese insurers, armed with sophisticated models to predict the course and intensity of typhoons, and the damage they could cause
 "Japan insurers struggle to pinpoint climate change cost estimates")
Explainer: Climate change and financial disclosure - what's at stake?
Japanese financial institutions are struggling to put a price tag on the cost of climate change, an effort made difficult by the long timeframe and a lack of data for making credible predictions.
 "Explainer: Climate change and financial disclosure - what's at stake?")
Reliance to invest Rs 75,000 cr in new energy business over 3 years: Ambani
Reliance will build solar manufacturing units, a battery factory for energy storage, a fuel cell-making factory and an electrolyser unit to produce green hydrogen as a part of the business
 "Reliance to invest Rs 75,000 cr in new energy business over 3 years: Ambani")
Backing grows for new IMF Covid and climate fund for vulnerable countries
IMF chief this month proposed the new trust to allow rich countries to channel some of their new IMF reserves to poor and middle-income counterparts ravaged by Covid or climate change
 "Backing grows for new IMF Covid and climate fund for vulnerable countries")
World Bank vows to keep board apprised of climate action progress
The World Bank on Tuesday agreed to boost its spending on climate change to 35% from 28% and to provide annual progress reports to its board
 "World Bank vows to keep board apprised of climate action progress")
Canada's climate plan charts hard road ahead for high-polluting oil sands
Canada has set ambitious targets for slashing emissions to fight climate change, but faces a stiff challenge
 "Canada's climate plan charts hard road ahead for high-polluting oil sands")
What's the plan? Corporate polluters lag on setting climate goals
Scientists say the world needs to cut greenhouse gas emissions by at least 45% by 2030 to have any hope of meeting Paris Agreement targets for the middle of century and averting catastrophic warming
Only half of manufacturers on track to for Paris Agreement goals: Capgemini
This is according to a new report from the Capgemini Research Institute entitled 'Sustainable operations: A comprehensive guide for manufacturers'
 "Only half of manufacturers on track to for Paris Agreement goals: Capgemini")
IMF proposes setting up of an international carbon price floor
The IMF chief noted that a carbon price floor arrangement does not mean carbon taxes per se.
 "IMF proposes setting up of an international carbon price floor")
