Madrid, Jan 21 (AFP) Spain’s new government on Tuesday declared a “climate emergency” and pledged to unveil a draft bill on transitioning to renewable energy within its first 100 days in office. In a statement announced after the weekly cabinet meeting, the government committed to bringing a draft bill “to reduce greenhouse gas emissions with […]
India among top 10 nations on climate change performance index: Power Min
New Delhi : Dec 14 () India is among the top 10 nations as per the Climate Change Performance Index (CCPI) which is based parameters like renewable power and energy use efficiency, Power Minster R K Singh said on Saturday. This assumes significance in view of India’s resolve to reach 175 GW of clean energy […]
Climate Change: Nine nations agreed to join India led CDRI
International Coalition for Disaster Resilient Infrastructure (CDRI) is a corpus aimed at funding technical assistance and research projects on climate change on an ongoing basis over a period of 5 years from 2019. In pursuance to its commitment for international cooperation on fight against Climate Change, India has approved an allocation of Rs 480 crore […]
ACORE Comments to Climate Crisis Committee
Rise and Fall of Carbon Credits: Finding Solutions for Climate Crisis in Free Market
The plan to combine two seemingly opposing forces—a free market and the battle against human-induced climate change—was ambitious. But carbon credit trading, once seen as one of the most successful mechanisms to help developed countries and the private sector to continue with business while meeting their emission targets, is now on the brink of disappearing […]
Brazil: EIB provides EUR 100m to boost climate action investments in Minas Gerais
The European Investment Bank (EIB) will provide EUR 100m to Banco de Desenvolvimento de Minas Gerais (BDMG) to support climate action projects in this Brazilian state. Private companies and also municipalities will be able to benefit from the advantageous financing conditions of the EU bank, both in terms of long tenors and interest rates, to […]
Using electric buses in climate fight faces hurdles, report finds
Buses tested in a handful of U.S. locales had trouble with battery life, inadequate range and sensitivity to extreme heat, according to the U.S.-based report NEW YORK : Electric buses could play a key role in combating climate change, but U.S. cities testing them have met hurdles that need fixing before the technology is widely […]
Germany approves climate measures seen as weak by activists
BERLIN: The German cabinet on Wednesday approved measures to drastically cut greenhouse gas emissions, paving the way for Chancellor Angela Merkel to pass landmark climate legislation this year. Climate activists and industry groups immediately criticised the plans as too weak to achieve Germany’s goal of becoming emissions-neutral by 2050. The cabinet decision will however come […]
Macquarie Announces Commitments to Mobilise Climate Finance
Macquarie joins leading financial services firms and governments at the UN Climate Action Summit to launch new climate finance reports and commitments Macquarie plans to develop a 20 GW pipeline of renewable energy projects, including 4 GW in emerging markets Final close approaching on a $A1 billion agriculture fund targeting improvements in on-farm energy efficiency […]
UN chief asks banking sector to invest in climate action
United Nations : General Antonio Guterres asked the banking industry to invest in climate action and to disinvest from fossil fuels and pollution in general. He made the appeal as he was launching the UN Principles for Responsible Banking on Sunday, Xinhua news agency reported. “Climate action has multiple benefits, including job creation, reduced air […]