Page 8 - Latest Updates on Climate Change
Cabinet approves Rs 2,000 cr 'Mission Mausam' to boost weather forecasts
By integrating cutting-edge technologies like artificial intelligence and machine learning, "Mission Mausam" will set a new benchmark for predicting weather
 "Cabinet approves Rs 2,000 cr 'Mission Mausam' to boost weather forecasts")
Should build manufacturing economy greener than China's: Tata Steel CEO
While addressing a panel discussion at AIMA Convention here, Narendran stressed the need to make the transition to a green manufacturing economy at a fast pace, else India would lose market share
 "Should build manufacturing economy greener than China's: Tata Steel CEO")
Climate change imminent, focus on areas like Green Hydrogen needed: PM Modi
Prime Minister Narendra Modi was of the view that energy transition and sustainability have become central to global policy discourse
 "Climate change imminent, focus on areas like Green Hydrogen needed: PM Modi")
India needs urgent, actionable plan to meet climate goals as time runs out
Climate change poses a major vulnerability that demands a comprehensive, quantifiable medium- and long-term plan, along with close monitoring to ensure timely corrective actions
 "India needs urgent, actionable plan to meet climate goals as time runs out")
Scaling RE beyond 1,500 GW to face significant challenges, says study
India has a renewable energy (RE) potential of over 24,000 GW and around 7,000 GW of installed capacity is required to achieve net-zero emissions by 2070
 "Scaling RE beyond 1,500 GW to face significant challenges, says study")
Union Bank of India becomes 1st major bank to become signatory of PCAF
PCAF is a global partnership of financial institutions working to develop and implement a harmonised approach to assess and disclose greenhouse gas emissions
 "Union Bank of India becomes 1st major bank to become signatory of PCAF")
Govt plans to use LNG for third of truck fleet, in blow to diesel
India, one of the biggest emitters of greenhouse gases, has set a 2070 net zero goal and wants to raise the share of natural gas in its energy mix to 15 per cent by 2030
 "Govt plans to use LNG for third of truck fleet, in blow to diesel")
Azure Power to prepay green bonds worth $310 mn maturing in December
Sustainable energy solutions provider Azure Power on Monday said it has issued a notice to prepay green bonds worth USD 310 million maturing in December 2024.
 "Azure Power to prepay green bonds worth $310 mn maturing in December")
Nabard to tap global agencies to set up carbon fund: Chairman Shaji K V
According to a recent study by the Coalition for Disaster Resilient Infrastructure (CDRI), globally, assets worth nearly $800 billion are getting affected on an annual basis due to climate change
 "Nabard to tap global agencies to set up carbon fund: Chairman Shaji K V")
Majority of India need to calibrate infra to mitigate climate impact: ESRI
IPE Global, along with GIS software company ESRI India, launched a tool to help local authorities take appropriate action in mitigating the impact of natural calamities, especially floods
 "Majority of India need to calibrate infra to mitigate climate impact: ESRI")
ADB to devote half of its annual lending to climate finance by 2030
The new strategy comes nearly a year after ADB approved reforms to unlock $100 billion in new financing capacity over a decade, meeting a mandate from U.S. Treasury Secretary Janet Yellen
 "ADB to devote half of its annual lending to climate finance by 2030")
Research for climate-resilient milch cattle takes a vast step forward
In a bid to keep milk flowing amid severe heatwaves, NDRI develops genetically edited embryo of buffalo
 "Research for climate-resilient milch cattle takes a vast step forward")
India provided more climate finance than many rich nations in 2022: Report
China provided $ 2.52 billion in climate finance through MDBs in 2022, Brazil gave $ 1.135 billion, South Korea $ 1.13 billion and Argentina $ 1.01 billion, while India provided $ 1.287 billion
 "India provided more climate finance than many rich nations in 2022: Report")
Climate change, natural disasters put voting rights at risk: Nepal PM Oli
Oli noted that social media and Artificial Intelligence are revolutionising the way politicians engage with voters and conduct elections
 "Climate change, natural disasters put voting rights at risk: Nepal PM Oli")
FinMin to develop climate finance taxonomy in 6-10 months: DEA secy
Climate finance taxonomy is a set of guidelines that will help investors and institutions direct funds towards investments that will aid in tackling climate change
 "FinMin to develop climate finance taxonomy in 6-10 months: DEA secy")
Toyo-India to do FEED for industrial carbon capture project for EET Fuels
EET Fuels is investing $ 1.2 billion over the next five years to decarbonise its Stanlow oil refinery in the UK
Kerala to develop local early warning systems for disasters: CM Vijayan
"Most of the climate-linked disasters cannot be prevented fully. However, their impacts can be reduced
 "Kerala to develop local early warning systems for disasters: CM Vijayan")
Cabinet approves India's agreement with 14-member IPEF economic bloc
In June in Singapore, 13 IPEF bloc members signed these agreements, while India said it would ink the deals after getting domestic approval
 "Cabinet approves India's agreement with 14-member IPEF economic bloc")
Global South cities have only 70% of cooling capacity as North ones: Study
An international team, including researchers from the University of Exeter, UK, analysed satellite data on 500 of the world's largest cities to assess 'cooling capacity'
Climate threat tops Pope Francis' Asia-Pacific foreign trip itinerary
Singapore has predicted its coastal waters could rise by more than a metre by the end of the century, piling pressure on its flood defences and threatening its low-lying land
 "Climate threat tops Pope Francis' Asia-Pacific foreign trip itinerary")
