In Short : The World Bank Group and IMF are intensifying their collaboration to enhance climate action, aiming to address global climate challenges and promote sustainable development. In Detail : WASHINGTON : The World Bank Group (WBG) and the International Monetary Fund (IMF) are deepening their cooperation through an enhanced framework to help countries scale […]
Record-breaking temperatures highlight the urgent need to accelerate climate action and mitigate the impacts of global warming – EQ
In Short : With temperatures breaking records, accelerating climate action is crucial. Swift and decisive measures are needed to mitigate climate change impacts, reduce greenhouse gas emissions, and protect ecosystems and communities from extreme weather events. In Detail : The scorching heat already claimed dozens of lives in north India and threatens to damage agriculture […]
Government of Goa and Power Finance Corporation come together to pioneer subnational Blended Finance Facility for Climate Action – EQ
In Short : The CMD of IREDA (Indian Renewable Energy Development Agency) reveals plans to establish a retail subsidiary and enhance rooftop solar financing. This initiative signals a strategic move to expand renewable energy services, particularly focusing on decentralized rooftop solar projects and broader accessibility in the retail sector. In Detail : Power Finance Corporation […]
Rising ambitions on climate action must see matching progress on climate finance PM Modi – EQ
In Short : PM Modi’s call for matching progress on climate finance aligns with the growing recognition of the pivotal role that financial resources play in driving initiatives that combat climate change, promote renewable energy, and foster environmental sustainability. In Detail : New Delhi : Prime Minister Narendra Modi has called for ensuring requisite climate […]
Six Steps India Must Take for Effective and Credible Climate Action – EQ
In Short : To ensure effective and credible climate action, India should consider the following six steps: Ambitious Emission Reduction Targets: India should set ambitious and measurable emission reduction targets aligned with the Paris Agreement. These targets should cover all major sectors, including energy, transportation, and industry, and aim for a significant decrease in carbon […]
Need to alter approach on climate action from restrictive to constructive: PM Modi – EQ
New Delhi : Prime Minister Narendra Modi has made a strong pitch for altering the approach on climate talks, from restrictive to constructive, and urged nations not to focus on “don’t do this or that”. In an interview to PTI ahead of the G20 Leaders’ Summit this weekend, the prime minister said there was no […]
SEADS 2023: Call for Accelerated Climate Action Towards a Net-Zero ASEAN – EQ Mag
The Asian Development Bank (ADB) held its fourth Southeast Asia Development Symposium (SEADS) on 30 March 2023 in Bali, Indonesia, with a virtual broadcast of the event. SEADS was a key side-event of the ASEAN Finance Ministers and Central Bank Governors’ Meeting. SEADS 2023: “Imagining a Net-Zero ASEAN,” brought together more than 3,000 government officials, […]
Guterres calls for accelerated climate action through global cooperation – EQ Mag
United Nations : UN Secretary-General Antonio Guterres has called for accelerated climate action through global cooperation. “We need global acceleration through cooperation. And that means rising above disagreements, differences and tensions. Geopolitical divisions must not torpedo the world’s climate fight for 1.5 degrees,” he told the Major Economies Forum on Energy and Climate in a […]
Former UN chief calls for climate action over ‘visions’ at COP28 – EQ Mag
DUBAI : Climate talks in the United Arab Emirates this year should focus on action rather than visions, former United Nations chief Ban Ki-moon said during a visit to the oil-rich Gulf country. “Many countries and many people have already presented the visions, so we may not need any more,” he told AFP in Dubai […]
6 reasons 2023 could be a very good year for climate action – EQ Mag
Many people think of the annual UN climate talks as talkfests which achieve only incremental change, at best. Activist Greta Thunberg has described them as “blah blah blah” moments – grossly inadequate and too often hijacked by fossil fuel producers who would like the world to keep buying their main exports. Look more closely. The […]