The UN climate conference COP26 concluded late Saturday night with a deal among 196 governments to forestall catastrophic climate change that hinged on a surprise development. Minutes before the final decision on the text of the Glasgow Climate Pact was taken, India proposed a weaker version of the language on coal.
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The 2021 World Economic Forum wrapped today in Davos after five days of discussions focused on the coronavirus pandemic, affordable medical care, net-zero emissions, digital technology and the future of work. Amid the big panels on vaccines, climate and finance, a small project from India shows how compassion has opened an innovative way to handle the tons of plastic waste the virus has left across the world.
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In what environmentalists have labeled a “global waste shell game,” Indonesian officials have been caught approving re-exports of illegal U.S. waste shipments to other Asian countries instead of returning them to the United States as promised.
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India’s Supreme Court has ordered the eviction of up to eight million tribal and other forest-dwelling people in what campaigners have described as “an unprecedented disaster,” and “the biggest mass eviction in the name of conservation, ever.”
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“Greetings on World Environment Day,” said India’s Prime Minister Narendra Modi today. “Together, let us ensure that our future generations live in a clean and green planet, in harmony with nature.”
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The European Bank for Reconstruction and Development and the International Solar Alliance have agreed that they will strengthen their cooperation to mobilize green energy financing.
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Outstanding local and indigenous community initiatives that resolve climate, environment and poverty issues are honored with the Equator Prize, every odd year, just as the United Nations General Assembly opens at UN headquarters in New York.
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Imagine being without a bank account, having no means of carrying out formal financial transactions, storing money, sending and receiving payments. That is the case for roughly 40 percent of the world’s working-age adults, about two billion people.
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Now that President Donald Trump has announced that he will exit the Paris Agreement on climate, the world’s major emerging economies, including China and India, are replacing the United States at the center stage of the clean energy transition.
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Gone are the days when the only financial education a child would receive was a piggy bank with a coin or two tucked through the slot. Now young people, even street kids, can have access to e-banking thanks to an award-winning social entrepreneur from India.
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The green bond market reported a worldwide milestone in August when aggregate green bond issuance topped US$150 billion for the first time since the World Bank issued the inaugural green bond in 2008.
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A new global focus on renewable energy to avert climate change got a burst of financial power in June as the World Bank Group signed an agreement with the International Solar Alliance – 121 countries led by India – to mobilize US$1 trillion in investments by 2030.
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Luxury electric automaker Tesla unveiled its latest model at a March 31 event, and demand was so strong for the $35,000 Tesla Model 3 that within the week 325,000 would-be customers purchased preorders at US$1,000 each.
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Climate change-ready rice seeds of several varieties have reached millions of farmers in Asia and Africa under a forward-looking program known as Stress-Tolerant Rice for Africa and South Asia, or STRASA.
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