RBI to create climate Risk Information Repository for lenders
The Reserve Bank of India is establishing a data repository named RB-CRIS to monitor climate risks. It will include a web-based directory and a data portal. This initiative aims to enhance climate risk assessments by providing high-quality, standardized data. Access to the portal will be phased for regulated entities. Key Points
Economic TimesThe Quantum Mechanics of the Greenhouse Effect
Carbon dioxide’s powerful heat-trapping effect has been traced to a quirk of its quantum structure. The finding may explain climate change better than any computer model. Key Points
WIREDStudy says El Nino, not climate change, was key driver of low rainfall that snarled Panama Canal
Analysis shows that El Nino reduced 2023 rainfall by about 8 per cent. The climate phenomenon known as El Nino — and not climate change — was a key... Key Points
The Tribune IndiaWho Wants to Have Children in a Warming World?
Jade Sasser’s new book focuses on the racial dimensions of eco-anxiety. Among her findings: Women of color are likelier to say climate change will make them have fewer children than they want. Key Points
WIREDclimate change likely to impact people with brain conditions, reveals study
Researchers find an increased number of admissions, disabilities or deaths resulting from a stroke due to higher temperatures or heat waves. climate change is... Key Points
The Tribune India
India among 13 'highest-emitters', could face worst of global warming in future — climate risk report
Verisk Maplecroft's climate Hazard Index also warns of increased heat frequency in these 13 countries. It adds that the 2 largest emitters, US & China, could escape worst of it. Key Points
ThePrintStudy says El Nino, not climate change, was key driver of low rainfall that snarled Panama Canal
Analysis shows that El Nino reduced 2023 rainfall by about 8 per cent. The climate phenomenon known as El Nino — and not climate change — was a... Key Points
The Tribune IndiaEnvironmental Damage Could Cost You a Fifth of Your Income Over the Next 25 Years
The world is already committed to warming that will undercut the global economy by 20 percent between now and 2050. That’s six times the price of limiting warming to 2 degrees Celsius. Key Points
WIREDHow to make climate progress: Tie it to CEO pay
More company boards are doing just that. But the key is to do it right. Key Points
mintEnjoy Your Favorite Wine Before climate Change Destroys It
Extreme heat and droughts are making it harder to grow grapes in many traditional regions. Here’s how scientists are helping the industry adapt. Key Points
WIRED
UN weather agency issues 'red alert' on climate change after record heat, ice-melt increases in 2023
The World Meteorological Organisation, in a State of the Global climate report released Tuesday, ratcheted up concerns that a much-vaunted climate goal is increasingly in jeopardy: That the world can unite to limit planetary warming to no more than 1.5 degrees Celsius (2.7 degrees Fahrenheit) from pre-industrial levels. Key Points
Economic Timesclimate tech startup Sprih raises $3 million in funding round led by Leo Capital
Sprih raised $3 million for global expansion and aims for 40-50 customers with a revenue target of $6-7 million. Customers include Indigo Paints and Hero MotoCorp. Varaha raised $8.7 million in funding led by RTP Global. Key Points
Economic TimesAdani Energy Solutions secures prestigious CII climate Action CAP 2.0 award 2023 in resilient category
Ahmedabad (Gujarat) [India], March 16 (ANI): Adani Energy Solutions Limited (AESL), India’s leading private transmission and distribution company and a crucial component of the globally diversified Adani Portfolio, has clinched the climate Action Programme ‘CAP 2.0 Award’ for 2023 in the resilient category, as declared by the Confederation of Indian Industry (CII). According to a […] Key Points
ThePrintYes, the climate Crisis Is Now ‘Gobsmacking.’ But So Is Progress
This is the year that “absolutely gobsmackingly bananas” summed up the climate emergency. But dramatic descriptors extend to the huge gains humanity has made too. Key Points
WIREDGood climate Solutions Need Good Policy—and AI Can Help With That
Climate Policy Radar's tools scan global environmental laws to see what works and what doesn't. What its AI is discovering today will help shape the regulations of tomorrow. Key Points
WIRED
Companies now know climate risks mean financial risks — industrial sectors need swift decarbonisation, say
The research focuses on climate risk, policy, technology, and the social cost of carbon. It highlights the concept of a 'green moral hazard' and the challenges of pricing climate uncertainty. Reinsurance companies play a crucial role in managing climate risk. The concept of 'climateflation' and its impact on various industries is discussed. Decarbonization of the steel sector is also explored. Key Points
Economic TimesPreterm birth risk to increase by 60% from exposure to extreme temperatures: Study
Researchers said they have determined that climate change will be directly responsible for multiple detrimental health impacts in children.. Exposure to... Key Points
The Tribune IndiaArtificial Intelligence helps predict how agricultural land suitability may change by 2050
Study focuses on the regions of Eastern Europe and Northern Asia. Scientists have used Artificial Intelligence (AI) to analyse how agricultural land suitability... Key Points
The Tribune IndiaMitigation alone won’t do. Joshimath showed India must prioritise climate adaptation too
India needs to expand its climate policy toolkit to include robust adaptation strategies. For this to work multiple policy actions will have to be taken simultaneously. Key Points
ThePrintA New Way to See Your climate Anxiety
The climate crisis has become a mental health crisis. But eco-anxiety isn’t necessarily a pathology. Key Points
WIRED
climate change may reduce average life expectancy by six months: Study
The study, published recently in the journal PLOS Climate, evaluates average temperature, rainfall, and life expectancy data from 191 countries from 1940-2020.... Key Points
The Tribune Indiaclimate change may claim 14.5 mn lives by 2050: World Economic Forum
Report analyses six major consequences of climate change: floods, droughts, heat waves, tropical storms, wildfires, and rising sea levels. climate change... Key Points
The Tribune IndiaYes, the climate Crisis Is Now ‘Gobsmacking.’ But So Is Progress
This is the year that “absolutely gobsmackingly bananas” summed up the climate emergency. But dramatic descriptors extend to the huge gains humanity has made too. Key Points
WIRED2023 officially hottest year on record by a huge margin, World Meteorological Organization confirms
Yearly average global temperature approaches 1.5°C above pre-industrial levels. The World Meteorological Organization (WMO) has officially confirmed that 2023... Key Points
The Tribune IndiaFramework for climate data, greater access to info — to mark 150 years, IMD launches new initiatives
Four new initiatives are aimed at better climate modeling & access to climate information. Everyone is a beneficiary of IMD’s efforts, says V-P Dhankhar at Delhi event. Key Points
ThePrint
2023 officially warmest year on record by a huge margin, WMO confirms
Strictly, the WMO found that the annual average global temperature was 1.45 degrees Celsius higher than pre-industrial levels. They consolidated six leading datasets used for monitoring global temperatures, all of which ranked 2023 as the warmest year on record. The datasets included those developed and maintained by space and meteorological agencies in the US - NASA and NOAA - along with those in the UK, Europe and Japan, before arriving at their conclusions regarding the year 2023. Key Points
Economic TimesAfter fumes, fire, flood, will hope bloom in 2024?: Trade-Offs by Mridula Ramesh
We can be guided, this year, by a simple truth: Change is wrought most profoundly by how we act. What we choose to do; buy (and not buy); and what we vote on. Key Points
Hindustan Timesclimate Cookbooks Are Here to Change How You Eat
Sustainable diets have been around for ages. An emerging cookbook genre that tackles the climate crisis signals a new appetite for change. Key Points
WIREDYes, the climate Crisis Is Now ‘Gobsmacking.’ But So Is Progress
This is the year that “absolutely gobsmackingly bananas” summed up the climate emergency. But dramatic descriptors extend to the huge gains humanity has made too. Key Points
WIREDclimate awareness in India is far from ideal
Our survey reveals glaring gaps across the country in people’s grasp of the crisis. Democracies mustn’t let climate myths persist—we owe this to our democratic ideals as much as the planet. Key Points
mint
climate action: Much like the ozone layer, CoP-28 has three gaping holes
Financing and technology access was mostly left vague. Sadly, climate politics is a zero-sum game for the most part and Planet Earth always seems to be on the losing side. Key Points
mintclimate pledge by 200 nations seeks to 'transition away from fossil fuels'
The president of COP28 had consistently stressed his intention to supercharge climate action. Even as it signals progress, the UAE Consensus hass loopholes that allow oil and gas exporters the space to continue operations, observers said. Countries agreed that transitional fuels, a euphemism for gas, can play a role in facilitating the energy transition while ensuring energy security. This free pass for the expansion of gas production is a particular blow, given that the associated methane leakage could make gas even worse than coal, an expert said. Key Points
Economic TimesNasa Pace mission is set to unravel how smoke, dust shape Earth's climate
Aerosols — tiny airborne particles such as sea salt, smoke, dust, and pollutants — play a critical role in shaping our planet's climate. They scatter and absorb sunlight, influencing how much solar energy reaches the Earth's surface. Key Points
India TodayLethal floods in Libya, wildfires in Europe, 'heat dome' in US — 10 climate disasters in 2023
While Africa saw 2 major floods highlighting perils of climate change, Europe had its own share of natural disasters. Closer home, it was heatwaves, cyclone & glacial lake outburst. Key Points
ThePrint'End fossil fuels' protester storms stage of COP28 summit
A 12-year-old protester burst on to the stage at the COP28 climate summit in Dubai on Monday, holding a sign above her head that read: "End fossil fuels. Save our planet and our future." Key Points
Reuters
Countries must clear "tactical blockages" to reach climate deal at COP28
DUBAI (Reuters) - U.N. climate chief Simon Stiell called on countries on Monday to clear "tactical blockages" to reach a deal on tackling climate change at the COP28 summit, saying there had been a Key Points
ThePrintBaku to the future: After stalemate, UN climate talks will be in Azerbaijan in 2024
Azerbaijan's Baku, where one of the world's first oil fields developed 1,200 years ago, will host the COP29 climate talks next year. It also means that for back-to-back years an oil powerhouse nation will be hosting climate talks - where the focus is often on eliminating fossil fuels. Key Points
Economic TimesIndia has adopted a holistic approach towards conservation: Environment min at COP28
India has adopted a holistic approach towards conservation. We are not just focused on reducing emissions to tackle temperature rise, but are also working towards arresting land degradation, accelerating ecosystem restoration and enriching biodiversity, he said. Key Points
Economic TimesIndia at COP28 insists on 'equity' in climate talks
India's environment minister, Bhupender Yadav, on Saturday demanded "equity and justice" in U.N. climate negotiations, holding that rich countries should be leading global climate action. Key Points
Reutersclimate change impacting everything, attribution studies ‘unnecessary burden’, says WMO deputy chief
‘World needs to ensure that the CO2 concentration doesn’t exceed the threshold necessary to limit the average temperature rise to 1.5 degrees Celsius’. Observing Key Points
The Tribune India/cloudfront-us-east-2.images.arcpublishing.com/reuters/KHKYUFNYZRJ4NPTMWC23JB5OXQ.jpg)
Who is pledging climate finance at COP28, and how much?
At this year's U.N. climate summit, countries, development institutions and businesses are pledging more money for everything from the energy transition to health care initiatives, technology investments, disaster relief and more. Key Points
ReutersCOP28 delegates urge greater action on climate-linked health risks
Physicians, activists and country representatives at this year's COP28 U.N. climate summit in Dubai have called for greater global efforts to protect people from the increasing health and safety risks posed by climate change. Key Points
ReutersExplainer: How climate change is making the world sick
Heat stress. Lung damage from wildfire smoke. The spread of disease-carrying mosquitoes into new regions as temperatures rise. Key Points
ReutersHere’s How Bad climate Change Will Get in the US—and Why There’s Still Hope
The nation’s Fifth National climate Assessment paints a dark portrait of worsening disasters. But it also points toward accelerating progress and a cleaner future. Key Points
WIREDclimate Cookbooks Are Here to Change How You Eat
Sustainable diets have been around for ages. An emerging cookbook genre that tackles the climate crisis signals a new appetite for change. Key Points
WIRED
Cities face huge climate finance gap, study says
A study by the Cities climate Finance Leadership Alliance (CCFLA) shows that cities are only receiving 1% of the climate finance they need, despite being on the front line of climate hazards and responsible for three-quarters of global emissions. The study suggests that multilateral development banks need to adopt new strategies to address the financing gap. Key Points
Economic TimesUS to pledge $3 billion for Green climate Fund at COP28: Sources
The US is set to pledge $3 billion to the Green climate Fund, the largest international fund for climate action in developing countries. The latest pledge, which is subject to availability of funds, is an addition to the $2 billion already delivered by the US. The fund's facilitators said the current second round of replenishments had brought in about $9.3 billion in pledges to fund projects in climate-vulnerable counties between 2024 and 2027. Key Points
Economic TimesCOP28: How much does loss and damage from climate change cost?
COP28 in Dubai 2023: “The world is estimated to be $1.5 trillion poorer than it would have been without climate change,” revealed a study released by the University of Delaware. Key Points
mintWhat is Loss & Damage Fund and what its adoption at COP28 means for low and middle-income countries
The fund will help these countries cope with, recover from losses caused by climate change. India, as one of UN’s ‘developing’ nations, has expressed support for fund's operationalisation. Key Points
ThePrint