The G20 meeting is seen as a decisive stage ahead of United Nations climate talks, known as COP 26, which takes place in 100 days’ time in Glasgow in November. Energy and environment ministers from the Group of 20 rich nations have yet to agree on commitments to cut carbon emissions, two sources said, after […]
Climate Change
STATEMENT: Indonesia Submits New 2030 Climate Targets and First Long-Term Climate Strategy
JAKARTA : Yesterday the government of Indonesia submitted an updated national climate commitment to the United Nations. The plan includes new measures on adaptation and resilience and some new targets in specific sectors, but has the same topline emissions targets submitted in 2016: an unconditional target to reduce greenhouse gas (GHG) emissions 29% below business-as-usual […]
Momentum of Climate Action Can Be Expedited When There is Enough Financial Support: Yadav
New Delhi : The momentum of climate action can be accelerated only when there is enough financial and technological support to developing nations, Union Environment Minister Bhupender Yadav said on Friday. Speaking virtually on the second and concluding day of the 16 th Environment Ministerial Meeting of G20 countries, Yadav sought that the grouping must […]
Getting on Track For Net-Zero By 2050 Will Require Rapid Scaling of Investment in the Energy Transition Over the Next Ten Years
BloombergNEF’s New Energy Outlook charts three distinct pathways for the world to reach climate neutrality by mid-century London and New York : Achieving net-zero carbon emissions by 2050 will require as much as $173 trillion in investments in the energy transition, according to BloombergNEF’s (BNEF) New Energy Outlook 2021 (NEO), the latest edition of its […]
Greening Energy to Fight Climate Threat May Cost $92 Trillion
Governments and companies will need to invest at least $92 trillion by 2050 in order to cut emissions fast enough to prevent the worst effects of climate change. That’s the latest forecast from analysts at BloombergNEF, who see that scale of spending as necessary to drive a rapid electrification of the global economy and slash […]
A New Life-Cycle Assessment of the Greenhouse Gas Emissions of Combustion Engine And Electric Passenger Cars in Major Markets
If the transportation sector is to align with efforts supporting the best chance of achieving the Paris Agreement’s goal of limiting global warming to below 2 °C, the greenhouse gas (GHG) emissions from global road transport in 2050 need to be dramatically lower than today’s levels. It is therefore important for policymakers to understand which […]
A Global Comparison of Life-Cycle GHG Emissions From Passenger Cars
Berlin : A far-reaching new study of the life-cycle greenhouse gas (GHG) emissions from passenger cars, including SUVs, draws sharp and meticulous distinctions between the climate impacts of battery and fuel cell electric vehicles on one hand and combustion vehicles on the other. The detailed findings can be summarized straightforwardly. Only battery electric vehicles (BEVs) […]
Net Zero Is Hard Work, So Companies Are Going ‘Carbon Neutral’
Companies are buying carbon offsets like never before. They’re also facing unprecedented scrutiny over whether helping to fund green projects elsewhere really makes up for their heat-trapping emissions. The most common offsets are based on avoiding the release of additional carbon dioxide into the atmosphere, for example by preventing deforestation or supporting renewable energy projects. […]
RIL’s Clean Energy Business May Be Worth $36 Billion In Five Years, Says Bernstein
Reliance Industries announced a massive Rs75,000 crore worth of investments in green energy over the next three years at its 44th annual general meeting in June. MUMBAI : Reliance Industries Ltd’s (RIL) recent announcement on new energy operations may create a clean energy business worth $36 billion over the next five years, brokerage firm Bernstein […]
EU Launches Green Bond Framework to Help It Meet Climate Goals
Green Bond Standard aims to be ‘gold standard’ Aligned with bloc’s sustainable finance framework Third-party checks on bonds to be backed up by regulator The European Commission on Tuesday proposed a new European Green Bond Standard to drive money into projects that will help the bloc meet its mid-century climate goal of net zero carbon […]