World Bank issued Sustainable Development Bonds in its attempts to mainstream climate action
Extreme weather disasters continue to claim lives across the globe. A report by the International Federation of Red Cross states that nearly 140 million people have been impacted by these events in Asia, Sub-saharan Africa, and other areas. The report cites several major disasters which include heatwaves in western Europe, monsoon flooding in India (2020), and cyclones like Amphan in South Asia which affected 20 million people.
The COP27 conference emphasized the pressing need to pay attention to climate change and to speed up the shift to a low-carbon economy. India is well-positioned to take the lead in this effort given its ambitious targets of producing 450 GW of renewable energy by 2030 and reaching net zero emissions by 2070. According to Morgan Stanley's most recent predictions, India will have the third-largest economy in ten years, therefore it comes as no surprise that revolutionary advances in clean technology are both urgently needed and attractive to investors.
In an effort to reduce emissions and establish itself as a major exporter in the field of green hydrogen business, India is preparing a $2 billion incentive program, three sources told Reuters.
On January 13, China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") released "The Sinopec Green and Low-carbon Development White Paper 2022" (the "White Paper"), outlining its goals and methods in relation to a strategic roadmap, institutional framework, clean energy initiatives, and the efficient use of resources.
Last year marked a double turning point for the decarbonization of the world's energy system. The first year that worldwide investment in the energy transition was on par with that in fossil fuels, according to BloombergNEF's most recent statistics release.
Toyota Tsusho Corporation will purchase an 85% stake in SB Energy from SoftBank Group Corporation. With 85% of the stock, Toyota Tsusho will become the parent company of SB Energy, and SBG will become an affiliate with 15% of the stock.
The state administration of Goa has started creating a road map for the state's shift to green energy, eager to forward its goals for green tourism. The creation of a green rating system and the implementation of decarbonization plans or programmes for the state's tourism industry and related industries are among the goals of the draft plan.
Adani Power Ltd., India's largest private-sector power generator, is launching an innovative initiative to cut carbon emissions at its Mundra plant.
As of December 2023, solar energy accounts for more than 17% of total electricity consumption in India, with all renewable energy sources accounting for more than 31%.
Indore has made major progress towards harnessing solar energy, and Mayor Pushyamitra Bhargav feels the city has the potential to become a national model for sustainable development.
Samsung has collaborated with accessory maker Slash B Slash to launch a new line of eco-friendly accessories for its Galaxy series, including the current Galaxy S24. These accessories, which contain over 40% post-consumer material (PCM) such as recycled plastic and vegan leather, demonstrate Samsung's dedication to sustainability.
Under Prime Minister Modi's leadership, India has set ambitious goals, implemented progressive policies, and launched creative projects on the path to green energy leadership. With a focus on renewable energy, India intends to reach 500 GW of renewable capacity by 2030, exceeding its NDC goals and leading the worldwide transition to clean energy.
The Securities and Exchange Commission (SEC) has issued new guidelines mandating publicly traded corporations to disclose their climate impact. The decision comes in response to growing concerns about global warming and its financial ramifications. These requirements require corporations to disclose their greenhouse gas emissions, climate change risks, and mitigation efforts.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.