A standard is seen as crucial to Biden’s decarbonization goal Regulations may fill gap if Congress fails, Gina McCarthy says Congress should enact a clean-electricity standard that forces utilities to pare greenhouse gas emissions, but if lawmakers fail to deliver, the administration is prepared to act on its own, President Joe Biden’s climate chief told […]
Climate Change
Hydrogen is one answer to climate change. Getting it is the hard part
Proponents of hydrogen have identified more than a score of potential applications of the element for cutting carbon emissions. Rachel Smith has lived through green hydrogen’s bumpy journey from scientists’ dream to an industry that may be on the verge of a commercial breakthrough. An engineer, she started out two decades ago working in a […]
Europe’s Climate Masterplan Aims to Slash Emissions Within a Decade
EU to unveil policy package with eye on emissions goal Focus on promoting greener consumer, business choices Negotiations set to expose differences between members Impact on industry, households seen stirring resistance BRUSSELS : The European Union is set to take the lead in climate policy action among the world’s biggest greenhouse gas emitters this week, […]
G20 Finance Ministers Under Pressure to Deliver Climate Funding For Poor
Developed nations are under pressure ahead of the COP26 climate conference in Scotland to deliver a promised $100 billion a year for vulnerable countries to adopt clean energy and adapt to a warmer planet, up from about $80 billion in 2018. The world’s 20 largest economies face mounting calls to boost climate finance for poorer […]
Filmmakers, Activists Call For Climate Efforts in Cannes
The world’s biggest cinema showcase is back after a 2020 hiatus due to the COVID-19 pandemic, and has this year highlighted productions with an environmental focus in a special selection. Documentary makers and environmental activists including British teenager Bella Lack on Sunday said they hoped to inspire more efforts on climate change, including through several […]
FM Emphasis on Role of Technology in Fighting Climate Change
Sitharaman highlighted that in India, fiscal policy options are used for better environmental outcomes and concessional tax rates are in place to promote use of renewables, the finance ministry said in a series of tweets. Finance Minister Nirmala Sitharaman on Friday emphasised on the role of technology in fighting climate change and called for international […]
Green Finance Set to Touch $2.36 Trillion Globally by 2023: Report
The concept of green bonds in the global finance ecosystem is fast catching up. Green bonds valued at $106.86 billion were issued in just the first quarter of 2021, according to a report published by the British non-profit Climate Bonds Initiative. A green bond is a type of fixed-income instrument that is specifically earmarked to […]
ESG Push | Banks Increase Funding For Green Energy, Records Low Demand For Thermal Power Projects
While banks like SBI have raised their exposure to renewable projects, they are clear that they cannot entirely stop funding coal-based or water-guzzling industries in an emerging economy. Major Indian banks are increasing their focus on financing green projects at a time when there is a global push in favour of companies that adhere to […]
Boost to Clean Energy Investment Could Drive 10 Million New Green Jobs
In a report, EY said the projects offered $2 trillion in investment opportunities that would generate jobs locally and in supply chains, and would help slash climate-heating emissions and secure a green recovery from the pandemic. BARCELONA : From offshore wind farms in Britain to floating solar power plants in Vietnam, about 13,000 renewable energy […]
Climate Benefits the US Bipartisan Infrastructure Deal Leaves Out
President Biden and a group of bipartisan senators announced a $1.2 trillion Bipartisan Infrastructure Framework (with $579 billion in new spending). While the proposal includes some investments in climate priorities, it cuts key climate action provisions that would benefit the economy, jobs and public health. Biden’s original American Jobs Plan, including the Made in America […]