Page 5 - Latest Updates on Climate Change
2024 likely to be hottest yr on record again, says European climate agency
It also comes days before the next UN climate conference, called COP29, is set to begin in Azerbaijan
 "2024 likely to be hottest yr on record again, says European climate agency")
Northern Arc secures $65 mn commitment from global firms for climate fund
Located in Gujarat International Finance Tec-City (GIFT City), the climate fund will extend debt financing to growth-stage companies operating in different sectors
 "Northern Arc secures $65 mn commitment from global firms for climate fund")
Japan's Mount Fuji still without its iconic snowcap for 1st time in 130 yrs
Usually, the 3,776-metre-high mountain has sprinkles of snow falling on its summit starting October 2, about a month after the summertime hiking season there ends
 "Japan's Mount Fuji still without its iconic snowcap for 1st time in 130 yrs")
Increasing costs: The impact of climate change on output will be large
Over 90 per cent of solar projects in the country achieved investment-grade ratings by 2020, a significant improvement from 2012, when all solar projects were rated "non-investment grade"
 "Increasing costs: The impact of climate change on output will be large")
Understanding the deadly floods that have taken over 200 lives in Spain
With no time to react, people were trapped in vehicles, homes and businesses. Many died and thousands saw livelihoods shattered
 "Understanding the deadly floods that have taken over 200 lives in Spain")
India commits to 30% protected areas in updated biodiversity plan
The updated National Biodiversity Strategy and Action Plan (NBSAP), unveiled at the 16th UN Biodiversity Conference in Cali, Colombia, outlines 23 national targets aligned with the 23 global goals
 "India commits to 30% protected areas in updated biodiversity plan")
Global climate finance reached $1.5 trn in 2022, must rise fivefold: Report
Emerging markets and developing economies (EMDEs) may need around 6.5 per cent of their GDP by 2030
 "Global climate finance reached $1.5 trn in 2022, must rise fivefold: Report")
Climate may keep changing long after humanity hits net-zero emissions
Global greenhouse gas emissions hit record highs in 2023. At the same time, Earth experienced its hottest year
 "Climate may keep changing long after humanity hits net-zero emissions")
Climate change to put APAC GDP on thin ice with 41% melt by 2100
India alone could face 24.7% loss in GDP by 2070
 "Climate change to put APAC GDP on thin ice with 41% melt by 2100")
Asia needs to spend more to adapt to climate change, limit damage: Study
The report said financing needs in developing Asian countries to cope with climate change range from $102 billion to $431 billion a year
 "Asia needs to spend more to adapt to climate change, limit damage: Study")
Japan's Mount Fuji snowless in late October, breaking 130-year record
Typically, Mount Fuji sees its first snowfall by early October, with the last record set for October 26 in 1955 and 2016
 "Japan's Mount Fuji snowless in late October, breaking 130-year record")
Climate change drives sleep loss as temperatures increase at night
Eighth annual Lancet Countdown on health and climate change report, authored by 122 global experts, found that high temperatures, drought and heavy rainfall are increasingly impacting people's health
 "Climate change drives sleep loss as temperatures increase at night")
Infants, adults in India exposed to more heatwave days in last decade: Rpt
Published ahead of the 29th UN Conference of the Parties, or 'COP29', the report revealed a country-wise assessment of how climate change is affecting people's health
 "Infants, adults in India exposed to more heatwave days in last decade: Rpt")
COP-16: World's 1st global ecosystem atlas unveiled; how will it help biz
The new initiative aims to help governments, businesses, financial institutions, and local communities to make informed decisions, support sustainability and manage risks
 "COP-16: World's 1st global ecosystem atlas unveiled; how will it help biz")
World may warm up to 3.1 degrees celsius on lack of climate action: UN
Continuing with current policies means world will be on course for temperature rise of 3.1C before the end of the century, while implementing promised reforms would at best lead to an increase of 2.6C
 "World may warm up to 3.1 degrees celsius on lack of climate action: UN")
Avaana raises $135 mn for climate fund to fuel climate-tech startups
Incidentally, GCF, the world's largest climate fund, is making its first investment in a climate venture fund in India through Avaana Climate and Sustainability Fund
 "Avaana raises $135 mn for climate fund to fuel climate-tech startups")
'Apolitical' Bill Gates donates $50 mn 'dark money' to NGO backing Kamala
Bill Gates has not publicly expressed his support for Kamala Harris, making this contribution a notable departure from his previously cautious approach to political donations
 "'Apolitical' Bill Gates donates $50 mn 'dark money' to NGO backing Kamala")
Differential exposure: How climate change hits the poor the hardest
Among Indian firms, the paper finds smaller non-agricultural firms are more exposed to flooding and heat than larger firms
 "Differential exposure: How climate change hits the poor the hardest")
What's on agenda at COP16 nature summit in Colombia: All you need to know
COP16 host country Colombia has put the inclusion of Indigenous and traditional communities at the center of its agenda in Cali
 "What's on agenda at COP16 nature summit in Colombia: All you need to know")
UN climate secy gives call to 'step up' climate finance ahead of COP29
At COP29 in Baku, all governments must agree on a new goal for international climate finance
