India is committed to fight climate change

Addressing COP27, Minister points to Indian initiatives in renewable energy, e-mobility, ethanol blended fuels, green hydrogen and the International Solar Alliance as evidence of the country’s commitment. India is undertaking an arduous effort to fight climate change despite accounting for less than four per cent of the world’s cumulative emissions so far, Environment Minister Bhupender

Accenture Acquires Carbon Intelligence for Sustainable Impact

Accenture has acquired Carbon Intelligence, a leading carbon and climate change strategy consultancy, adding more than 160 professionals to its rapidly growing group of data scientists, consultants and sustainability experts. Carbon Intelligence is focused on helping global businesses understand their overall carbon footprints, and ways to reduce them, using Science Based Targets Initiative (SBTi) strategies

Climate bill in Australia to make fossil fuel investment harder

Climate change Minister Chris Bowen has introduced the government’s climate change bill and said he wants Australia to be a renewable energy powerhouse. The minister introduced the Climate Change Bill to parliament, which if approved would commit the federal government to cut greenhouse gases by 43 per cent from 2005 levels by 2030. Greens leader

Half of the global carbon emissions made by a few financial actors

Just ten financial actors pollute almost half of all global carbon emissions but could have a decisive role in helping decarbonise the planet. They hold a massive amount of wealth which unfortunately contributes greatly to climate change. These ten actors, who have the most influence on the fossil fuel economy, own 49.5% of global carbon

Huge spending needed to decrease methane from the world

According to a report from the Climate Policy Initiative, a tenfold increase in methane abatement spending is needed to sharply cut global emissions of the potent greenhouse gas and avoid the worst of climate change. The world needs to dramatically ramp up spending tenfold to $110 billion a year to curb methane releases. The potent

India placed at bottom in EPI rankings, but ministry disproves it saying unscientific  

The recently released Environment Performance Index (EPI) 2022 has ranked India last among 180 countries that have been ranked. The index was published recently by the Yale Center for Environmental Law and Policy and the Center for International Earth Science Information Network, Columbia University. It used 40 performance indicators across 11 categories to judge countries

Half of fossil fuel production sites must be shut down to limit global heating

Nearly half of existing fossil fuel production sites need to be shut down early if global heating is to be limited to 1.5C, the internationally agreed goal for avoiding climate catastrophe, according to a new scientific study. The assessment goes beyond the call by the International Energy Agency in 2021 to stop all new fossil

India-German agreement on green hydrogen takes shape

During the Prime Minister Narendra Modi’s official visit to Germany, India and Germany have signed a pact on Green Hydrogen. India’s Union Minister for Power and New and Renewable Energy, RK Singh and German Minister for Economic Affairs and Climate Change, Robert Habeck signed the joint declaration virtually whereby the two countries intend to form

Bank shareholder proposals to curb new fossil fuel lending get slim support

Shareholder proposals asking banks to take stronger action on climate change by ending new fossil fuel financing activities failed to get much support at investor meetings. Investors at Citigroup and Bank of America gave little backing to proposals essentially asking the banks to stop financing new fossil fuel supplies, with less than 13% of shares

Clean energy transition must be fast and fair

Emissions will have to be cut swiftly and deeply across economies to limit global warming to internationally agreed temperature limits, they said in a new flagship science report by the Intergovernmental Panel on Climate Change (IPCC). But “if you do that at the expense of justice, of poverty eradication and the inclusion of people, then