Page 3 - Greenhouse Gas Emissions

COP27 climate deal hurtle towards overtime, countries mull EU offer of fund

27-country EU said it would back one of the toughest agenda items financing for countries wracked by climate-fuelled disasters

COP27: To decarbonise by 2050, India needs investments of at least $7 trn

And India's progress towards net zero by 2070 will depend on how successful it is in facilitating an orderly transition to a clean economy

Focus is to capture, not halt, carbon emissions: Coal min Pralhad Joshi

'Both domestic exploration and buying stake in overseas mineral mines is on the agenda'

India ranks eighth, moving up two spots on Climate Change Performance Index

In 2022 and 2021, India stood at the 10th spot on the CCPI, while in 2020, it ranked ninth

For states, climate change and energy transition are Centre's concern

The focus of a majority remains on distributing free and subsidised coal-based power

COP27: Carbon credit revival a likely boon for developing nations

But 'greenwashing' fears abound

The opaque world of climate reporting

Investors, lenders, and stakeholders need a basis to accurately assess the impact of climate change on company operations. Sebi's climate change-reporting framework is well-intended but not adequate

Switzerland is paying poorer nations to cut emissions on its behalf

The agreements raise concerns that other countries will follow suit, delaying more difficult cuts of greenhouse gas emissions in wealthier nations

A billionaire emits a million times more greenhouse gases: Oxfam

These super rich people have a collective $2.4 trillion stake in 183 companies

World slips on deforestation, loses cover equal to Ireland's area in 2021

Global gross deforestation amounted to 6.8 million hectares in 2021 with 3.9 giga-tonnes of CO2 equivalent of associated GHG emissions

Climate goals at risk, emissions by top emitters rebound: UN report

No credible pathway to restrict global warming to under 1.5 degrees Celsius, it says

India's per capita GHG emissions far below world average: UNEP report

At 2.4 tCO2e (tonne carbon dioxide equivalent), India's per capita greenhouse gas emissions were far below the world average of 6.3 tCO2e in 2020, according to a new report released by the United Nations Environment Programme on Thursday. The "Emissions Gap Report 2022: The Closing Window", released ahead of the UN Climate Change conference (COP27) in Egypt next month, also said the international community is still falling far short of the Paris goals, with no credible pathway to limiting global temperature rise to 1.5 degree Celsius in place. To address climate change, countries adopted the Paris Agreement in 2015 to limit global temperature rise in this century to well below 2 degrees Celsius, preferably to 1.5 degrees Celsius, compared to pre-industrial levels. "World average per capita GHG emissions (including land use, land-use change, and forestry -- LULUCF) were 6.3 tCO2e in 2020. The US remains far above this level at 14 tCO2e, followed by 13 tCO2e in the Russian Federation,

CO2 emissions rise in 2022, but more slowly due to renewables growth: IEA

The International Energy Agency said Wednesday that it expects carbon emissions from the burning of fossil fuels to rise again this year, but by much less than in 2021 due to the growth in renewable power and electric cars. Last year saw a strong rebound in carbon dioxide emissions the main greenhouse gas responsible for global warming after the global economic downturn caused by the coronavirus pandemic in 2020. The Paris-based IEA said CO2 emissions from fossil fuels are on course to rise by almost 1% in 2022 compared to the previous year. That's nearly 300 million metric tons of CO2 more than in 2021, when the burning of gas, oil and coal released about 33.5 billion tons of CO2. This year's increase is driven by power generation and by the aviation sector, as air travel rebounds from pandemic lows, the agency said. While coal emissions grew 2% as countries that previously imported natural gas from Russia scrambled for other energy sources, this didn't outweigh the expansion of

Nord Stream breaches reminder of vulnerabilities in undersea infrastructure

The greatest single release of potent greenhouse gas ever recorded was caused by four breaches of Russia's Nord Stream 1 and 2 gas pipelines, located near the territorial seas of Denmark and Sweden

Big emitters not acknowledging climate risks: Carbon Tracker Initiative

Of the 134 multinational companies responsible for up to 80 per cent of corporate industrial greenhouse gas emissions, 98 per cent did not provide sufficient evidence about climate-related matters

India is where climate tech meets global venture capital

The country's post-Covid resurgence has been backed by better roads and infrastructure, and a manufacturing turnaround

US Senate ratifies international climate deal to limit use of refrigerants

In a major action to address climate change, the Senate has ratified an international agreement that compels the United States and other countries to limit use of hydrofluorocarbons, highly potent greenhouse gases commonly used in refrigeration and air conditioning that are far more powerful than carbon dioxide. The so-called Kigali Amendment to the 1987 Montreal Protocol on ozone pollution requires participating nations to phase down production and use of hydrofluorocarbons, also known as HFCs, by 85% over the next 14 years, as part of a global phaseout intended to slow climate change. The Senate approved the treaty, 69-27, above the two-thirds margin required for ratification. HFCs are considered a major driver of global warming and are being targeted worldwide. Nearly 200 nations reached a deal in 2016 in Kigali, Rwanda, to limit HFCs and find substitutes more friendly to the atmosphere. More than 130 nations, including China, India and Russia, have formally ratified the agreeme

Investors commit $7.1 trn of assets in pursuit of 1.5 deg C climate goal

A coalition of pension funds and insurance companies have committed to managing $7.1 trillion of assets in line with the Paris Agreement's goal of limiting warming to 1.5 degrees Celsius

Developed nations emitted maximum green house emissions: UN chief

UN chief Antonio Guterres has said that developed economies are responsible for the vast majority of greenhouse gas emissions to the atmosphere throughout history

Australian Senate passes law for 43% greenhouse gas reduction by 2030

Australia's Senate on Thursday voted to ensure the government's elevated target of reducing greenhouse gas emissions by 43% below 2005 levels by the end of the decade is enshrined in law. The Senate passed legislation supporting the target in a vote of 37 to 30 even though several senators who supported it wanted a more ambitious 2030 target. The center-left Labor Party government officially committed Australia to the 43% target after it came to power for the first time in nine years at May elections. But entrenching it in law would make it more difficult for any future government to reduce the target. Climate Change and Energy Minister Chris Bowen said the Senate vote provided certainty to clean energy investors while strengthening transparency and accountability in Australia's carbon reduction processes. The message to investors is that Australia is open for business, Bowen told Parliament. The conservative opposition party voted against the bill. The opposition has advocated si