Page 14 - Climate Change

Eversource Capital, India's top climate investor, seeks to raise $1 bn

Eversource's 32-member team is already on the look out for projects and companies that seek to combat climate change to invest in from the next fund

Climate change could lead to spread, worsening of mental conditions: Study

"In order to work properly, the brain has to be maintained within a relatively narrow temperature range," said Sanjay Sisodiya, a professor at the UCL Queen Square Institute of Neurology

India to formally convey to ATCM plans to built Antarctica research station

India will formally convey to the governing authority of Antarctica its plans to develop a new research station in the icy continent when the body meets for its annual meeting in Kochi later this month. The 46th Antarctic Treaty Consultative Meeting (ATCM) and the 26th Meeting of the Committee for Environment Protection will be held in Kochi from May 20-30 where countries engaged in research in the southern polar region will share the outcome of their scientific pursuits and also their future plans. "This year, we are going to inform the ATCM that we are planning to go for a revamp of our research station Maitri. Revamp means, Maitri is very old, we have to re-construct," M Ravichandran, Secretary, Ministry of Earth Sciences, said in an interaction with PTI Editors here. India has two active research stations Maitri and Bharti - in Antarctica. The first research station, Dakshin Gangotri, set up in 1983, had to be abandoned after it sank in the snow. Among the scientific community

Investors may have a higher focus on deeptech, Gen AI, climate tech in 2024

The report focuses on investment activity across seed and pre-Series A stages, by analysing market information, along with a survey conducted with 22 leading institutional early-stage investors

Right to a future: What would it mean to have a law on climate change?

The apex court has made an 'observation' on the right to be free from the adverse effects of climate change. Can this pave the way to a cleaner future?

Italy pushes G7 to set date for coal phase-out ahead of energy meeting

An agreement on this would be one step in the direction indicated by the COP28 United Nations climate summit in Dubai last year to transition away from fossil fuels, of which coal is most polluting

Climate change could become main driver of biodiversity decline: Study

Climate change could become the main driver of biodiversity decline by the mid-century, a new research has found. Studying changes in land-use patterns and their impacts on biodiversity, an international team of researchers found that biodiversity around the world could have declined by 2-11 per cent. "By including all world regions in our model, we were able to fill many blind spots and address criticism of other approaches working with fragmented and potentially biased data," said Henrique Pereira, research group head at the German Centre for Integrative Biodiversity Research (iDiv), and the first author of the study published in the journal 'Science'. Examining how biodiversity and ecosystems might evolve in the future, the researchers found that the combined effects of land-use change and climate change lead to biodiversity loss across all global regions, regardless of emissions scenario. "We found that climate change poses an imminent threat to biodiversity and ecosystem ...

Tipping point: Climate disasters have cost India over $120 bn since 2000

About 2 per cent of the total deaths in 2022 were due to forces of nature, NCRB data shows. Over 8,000 people lost their lives due to such events that year compared to 6,800 in 2018

Not cloud seeding, climate change to blame for Dubai floods: Scientists

UAE got 254 mm of rainfall over 24 hours last week, more than it typically receives in an entire year

Asia world's most 'disaster hit' region with rising climate crisis: Report

WMO climate report reveals record high temperatures in Asian countries with flooding and heat waves are major issues in India

More than 70% global workers exposed to climate change risks: ILO

Some countries have improved heat protections for workers, such as Qatar, whose policies came under scrutiny ahead of the 2022 soccer World Cup

Europe fastest-warming continent, temp rising nearly twice avg global rate

Europe is the fastest-warming continent and its temperatures are rising at roughly twice the global average, two top climate monitoring organizations reported Monday, warning of the consequences for human health, glacier melt and economic activity. The U.N.'s World Meteorological Organization and the European Union's climate agency, Copernicus, said in a joint report that the continent has the opportunity to develop targeted strategies to speed up the transition to renewable resources like wind, solar and hydroelectric power in response to the effects of climate change. The continent generated 43% of its electricity from renewable resources last year, up from 36% the year before, the agencies say in their European State of the Climate report for last year. More energy in Europe was generated from renewables than from fossil fuels for the second year running. The latest five-year averages show that temperatures in Europe are now running 2.3 degrees Celsius (4.1 Fahrenheit) above ...

Climate crisis cooks up costly meals: Why your 'thaali' could be on fire

As the climate blows cold and hot, it puts wheat, milk, coffee, and even Hilsa in peril

World Bank, IMF meetings conclude without concrete plan on climate finance

The annual World Bank and IMF meetings have wrapped up without a concrete plan to mobilise the trillions of dollars needed to fight climate change, in a year where agreement on New Collective Quantified Goal (NCQG) or a new climate finance goal will be the key issue at the United Nations climate conference (COP29) in Azerbaijan. NCQG is the new amount developed countries must mobilise every year from 2025 onwards to support climate action in developing countries. Rich countries are expected to raise more than the USD 100 billion they promised to provide every year from 2020, but repeatedly failed. A recent analysis revealed that financial flows into developing countries turned negative in 2023, with these nations paying out more in debt servicing than they received in external financing. Discussions between G7 and G20 finance ministers on the sidelines of the spring meetings that wrapped up on Saturday touched on providing finance to developing countries for meeting climate and ...

Pak province issues flood alert, warns of heavy loss due to glacial melting

A Pakistani province has issued a flood alert due to glacial melting and warned of heavy loss of life, officials said Saturday. The country has witnessed days of extreme weather, killing scores of people and destroying property and farmland. Experts say Pakistan is experiencing heavier rains than normal in April because of climate change. In the mountainous northwest province of Khyber Pakhtunkhwa, which has been hit particularly hard by the deluges, authorities issued a flood alert because of the melting of glaciers in several districts. They said the flood could worsen and that people should move to safer locations ahead of any danger. If timely safety measures are not taken, there is a possibility of heavy loss of life and property due to the expected flood situation, said Muhammad Qaiser Khan, from the local disaster management authority. Latest figures from the province said that 46 people, including 25 children, have died in the past five days due to rain-related incidents.

Climate change's 'physical risks' are increasingly catching up with banks

But as temperatures soar around the world, triggering a deadly cocktail of wildfires, storms and drought, banks are now being forced to pay greater attention to what are known as "physical risks"

Global warming of 3 degrees Celsius may result in 10% GDP loss: ETH study

Warming of the planet by 3 degrees Celsius may cost the world up to 10 per cent of its GDP, a new research has found. It also found that poorer, tropical countries could see the worst effects -- up to 17 per cent GDP loss. The study -- led by ETH Zurich, Switzerland, and published in the Nature Climate Change journal -- suggested that roughly half of the predicted global economic damage could be related to extreme heat, with heat waves being the most impactful among the extreme events analysed. "Impacts are more severe in the Global South and highest in Africa and the Middle East, where higher initial temperatures make countries particularly vulnerable to additional warming," the authors wrote. The researchers further found that the cost of climate change increased around the world after accounting for changes in rainfall and temperatures occurring within a short span at a location. "If we take into account that warmer years also come with changes in rainfall and temperature ...

Climate change to cause $38 trn yearly damage to global economy by 2049

The paper uses data from more than 1,600 regions worldwide over the past 40 years to assess future impacts of a warmer planet on economic growth

Investor climate group eyes assets in private equity, sovereign debt

The Net-Zero Asset Owner Alliance members are being asked to include assets like private debt and equity in their emissions reductions strategy

Asian Americans, Pacific Islanders more likely to believe in climate change

Asian Americans, Native Hawaiians and Pacific Islanders in the United States are more likely than the overall adult population to believe in human-caused climate change, according to a new poll. It also suggests that partisanship may not have as much of an impact on this group's environmental views, compared to Americans overall. A recent poll from AAPI Data and The Associated Press-NORC Center for Public Affairs Research finds 84% of AAPI adults agree climate change exists. In comparison, 74% of U.S. adults hold the same sentiment. And three-quarters of AAPI adults who accept climate change is real attribute it entirely or mostly to human activity. Among the general U.S. adult population surveyed in an AP-NORC poll in September, only 61% say humans are causing it. The poll is part of an ongoing project exploring the views of Asian Americans, Native Hawaiians and Pacific Islanders, whose views can usually not be highlighted in other surveys because of small sample sizes and lack of .