PARIS: Financing for clean energy in developing and emerging economies excluding China must increase seven-fold within a decade if global warming is to be capped at tolerable levels, the International Energy Agency said Wednesday. To keep Paris climate temperature goals in play, annual investment for non-fossil fuel energy in these countries will need to jump […]
Climate Change
Net Zero 2050: Swiss vote for clean energies over fossil fuels – EQ Mag
Proposal to cut carbon dioxide emissions, accelerate renewables receives almost 60% votes The people of Switzerland have voted in favour of a new climate law that aims to slash fossil fuel use and reach Net Zero by 2050. The results were announced June 18, 2023. The legislation received the support of 59.1 per cent of […]
Third G20 FWG concludes; discussed risks of climate change, transition pathways, says India’s Chief Economic Advisor – EQ Mag
Kochi : The Third G20 Framework Working Group (FWG) meeting held here deliberated on key areas like macroeconomic risks stemming from climate change and transition pathways, V Anantha Nageswaran, Chief Economic Advisor to the Government of India, said on Wednesday. After the conclusion of the two-day long FWG meeting, Nageswaran interacted with reporters at a […]
India vulnerable to climate change due to heavy population: UNEP Executive Director Erik Solheim – EQ Mag
United Nations Environment Programme (UNEP) Executive Director Erik Solheim has said that India is particularly vulnerable to climate change because of its heavy population. COIMBATORE : United Nations Environment Programme (UNEP) Executive Director Erik Solheim has said that India is particularly vulnerable to climate change because of its heavy population. “You see the effects of […]
Fossil fuelled: Climate talks begin with spotlight on oil chief – EQ Mag
PARIS, FRANCE : The future of fossil fuels — the leading source of planet-heating emissions — will face scrutiny at UN climate negotiations Monday with an under-fire Emirati oil chief poised to step into the driver’s seat. As the world struggles to limit warming to 1.5 degrees Celsius above preindustrial levels, pressure is on the […]
Costs and benefits of climate transition in India very unevenly distributed: Study – EQ Mag
New Delhi : The estimated costs and benefits of climate transition in India are very unevenly distributed across regions, according to a study which calls for urgent policy instruments to compensate for this disparity. The researchers noted that India is taking the first steps towards a climate transition with volume targets for the upscaling of […]
Exxon, Chevron shareholders soundly reject climate-related petitions – EQ Mag
HOUSTON : Exxon Mobil Corp and Chevron Corp shareholders on Wednesday overwhelmingly rejected calls for stronger measures to mitigate climate change, dismissing more than a dozen climate-related proposals at their annual meetings. The results supported the two largest U.S. oil producers in resisting pressure from investor groups calling for the pair to follow European rivals […]
IEA: Shift to clean energy accelerating, but coal investments too high to meet climate goals – EQ Mag
JAKARTA, Indonesia : Energy security concerns — worsened by the war in Ukraine — and policy support from rich countries are likely to help investments in clean energy outpace spending on fossil fuels, the International Energy Agency said in a report issued Thursday. But investments in coal are on course to rise by about 10% […]
Climate protesters try to storm stage at Shell’s annual shareholders meeting – EQ Mag
Dutch group Follow This, a small activist investor and campaign organization with stakes in several Big Oil companies, has tabled a resolution at Shell’s annual shareholder meeting. Climate Resolution 26 calls on the company to align its climate targets with the landmark Paris Agreement and commit to absolute carbon emissions cuts by 2030. Shell, meanwhile, […]
Promoting Readiness of Climate Resilient Investments in Cambodia – EQ Mag
ADB and the Nordic Development Fund established the Project Readiness Improvement Trust Fund to help design procurement ready, climate change responsive infrastructure projects. The Project Readiness Improvement Trust Fund supports infrastructure projects in Southeast Asia that help member countries mitigate and adapt to climate change and deliver their intended Nationally Determined Contributions to the Paris […]