COP28: Highlights of Day 2
# Commitments worth $450 million for Loss & Damage fund
# Guterres urges for phasing out of fossil fuel
# India Pledges to Step Up Renewable Energy Efforts at COP28
# US Vice President Harris to Take Lead at COP28 in Last-Minute Shift
Blended with Hope and Uncertainty, COP28 Begins in Dubai
Will the goalposts be shifted in COP28 to frame carbon capture and storage as the primary agenda instead of the phasing out of fossil fuels?
PM Modi to participate in COP28 at Dubai
Prime Minister Narendra Modi will be attending the World Climate Action Summit from November 30 to December 1, at Dubai
Richest 1% emit as much planet-heating pollution as two-thirds of humanity, Says Oxfam
#Carbon emissions of richest one percent surged to 16 percent of world’s total CO2 emissions in 2019.
#Their carbon emissions are enough to cause 1.3 million excess deaths due to heat.
#Unequal countries suffer seven times more flood fatalities than more equal countries.
#Fairly taxing the super-rich would help curb both climate change and inequality.
JUNA, a JV by Scania and Sennder to drive large-scale electric truck adoption in Europe
– JUNA combines Sennder’s technology with Scania’s premium electric trucks to create a pay-per-use model.
– This model offers transport companies access to electric truck solutions and guaranteed capacity and load through Sennder’s digital platform.
– It eliminates upfront costs and concerns about the resale value of electric trucks.
ISSB To Take Over Corporate Monitoring Responsibility
The IFRS Foundation’s International Sustainability Standards Board (ISSB) will take over responsibility for monitoring companies’ climate-related disclosures by 2024
India’s Green Mobility Push With 10,000 E-Buses
Under the ‘PM-eBus Sewa’ initiative, the Union Cabinet has approved introduction of 10,000 E-buses in 169 cities
Need to Add Impact Of Climate Action Into Risk Management
A new report calls for a need for urgent action to embed the impact of climate action into risk management in Financial Sector.
Microsoft Adds ESG Reporting, Scope 3 Emissions To Sustainability Platform
Microsoft has added new features to its sustainability platform-Microsoft Cloud for Sustainability that includes the capability of helping companies meet emerging ESG reporting requirements and regulations, calculating Scope 3 emissions, and collecting and managing ESG data across categories and data sources
Cutting-edge Batteries to change the EV market
Batteries to support over 1000 km in a single charge are becoming a reality.