The world’s largest asset manager predicts a “fundamental reshaping of finance” as the climate threat comes into sharper focus. In a move that will resound across the world of energy investing, BlackRock, the world’s largest asset manager, this week warned of a “fundamental reshaping of finance” as the impacts of climate change become better understood. […]
Financial experts moot Asia Climate Fund to help region tackle climate change and ocean warming
SINGAPORE: A group of financial academics has proposed that a regional fund be set up to mitigate the impact of climate change in the Asia-Pacific region. The proposed Asia Climate Fund could be established by governments and financial institutions in the 10 Asean nations, along with those in China, South Korea and Japan, to drive […]
Singapore’s climate change plan needs more ambition
The island nation is looking to update its climate pledge under the Paris Agreement. A bold pledge is necessary to reduce greenhouse gas emissions. Each person in Singapore produces more greenhouse gas emissions than their counterpart in Indonesia, China or the United Kingdom. The city-state may be responsible for just 0.11% of total global emissions, […]
Cultivation of mushrooms replaced by use of solar power in Nepal
Mushrooms are nutritious, do not require soil in which to grow, and represent a high value crop in the mountainous Asian country. The traditional cultivation of oyster mushrooms in Nepal, which has required burning large quantities of wood, has been replaced by the environmentally friendly use of solar power, thanks to a project supported by […]
Climate change: New plan to achieve 100 per cent renewable energy developed
The roadmap, published in the journal One Earth, uses the latest energy data available in each country to offer more precise guidance on how to reach those commitments. Boston: Stanford scientists have outlined new steps that 143 countries around the world can take to attain 100 per cent clean, renewable energy by the year 2050. […]
Year-End Extenders Agreement Does Little for Renewable Growth, Virtually Nothing for Climate Change
Statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE) “The recently announced extenders agreement is a squandered opportunity. While ACORE supports the modest extensions in the package, they will do little for renewable growth and next to nothing to address climate change. Given bipartisan support for tax incentives for […]
Info minister: Bangladesh facing multi-dimensional threats due to climate change
He said Bangladesh has taken initiatives to tackle climate change and installed over five million solar systems Information Minister Dr Hasan Mahmud has urged the global community to take united initiative to combat the devastating effects of climate change. “Bangladesh has become the innocent victim of climate change. According to World Bank, the carbon emission […]
Spain: COP 25 – Climate change – The EIB finances one of the largest solar plants
Talayuela solar plant in Extremadura to produce renewable energy for around 150,000 households yearly CO2 emissions will be reduced by more than 171 kt CO2-e/year 400 workers to be employed during the construction phase The project sponsors are Encavis AG and Solarcentury The investment is supported by the Juncker Plan During the UN Climate Change […]
Singapore to take its climate change fight to next level
It will update its 2015 climate pledge and focus on sustainable energy, says Masagos Singapore has indicated that it will do more to cut down its greenhouse gas emissions. The Republic will update its climate pledge to guide its policies over the longer term, said Minister for the Environment and Water Resources Masagos Zulkifli. Already, […]
India asks developed world to fulfil promises on climate finance
Madrid : India Tuesday asked the developed world to fulfil its commitment to provide $1 trillion in public finance and collaborate on technology, which is crucial for developing nations to fight climate change. Disaster should not be a means to make profit, India emphasised in the final week of the United Nations climate talks, COP25, […]