Sense and Sustainability: Experts discuss tackling climate change

COP 26 ended with a plea to all nations to accelerate efforts in order to keep global warming under 1.5 degrees Celsius. India pledged to achieve net zero emissions by 2017. Combating deforestation, phasing down on coal, increasing financial support for developing countries were among the successes of COP 26. But lack of commitments by certain nations towards reducing emissions was a disappointment.

With focus on climate action, CNBC-TV18 has a new campaign ‘Sense and Sustainability’. The channel caught up two eminent personalities – Mridula Ramesh, Climate Entrepreneur & Investor, and Ashwani Bhatia, Managing Director, SBI. Mridula Ramesh has personally invested in about 15 startups that are climate-related. Ramesh spoke about her new book Watershed, which lays out how India’s business landscape will be transformed by water and why water is the next great startup opportunity.

Meanwhile, Bhatia shared his views on sustainable development goals in the banking sector and how large public sector banks can help India in cutting down on emissions and accelerate the transition to renewable energy, electric vehicles and achieving net-zero emissions.

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Environment Secy Gupta on IPCC report and what India makes of the sobering climate report

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

It is the most sobering and unequivocal assessment of the climate crisis threatening planet Earth. The inter-governmental panel on Climate Change, which is the top authority on climate science in the world, has ditched its usual cautious commentary.

It is the most sobering and unequivocal assessment of the climate crisis threatening planet Earth. The inter-governmental panel on Climate Change, which is the top authority on climate science in the world, has ditched its usual cautious commentary.

The tone in the latest report has made some definitive statements, and one quote, “Human beings are causing climate change. Extreme weather events are becoming more frequent and severe, and climate change will impact every nook and corner of the planet.”

Then the United Nations has termed this report as ‘Code Red’ for humanity.

India’s Environment Minister Bhupender Yadav has welcomed the report and said that India has taken many steps to decouple its economic growth from emissions. But, he has also added that this report is a clarion call for developed nations to immediately cut emissions and decarbonise their economies.

In an interview to CNBC-TV18’s Latha Venkatesh; Union Ministry of Environment, Forest and Climate Change (MoEFCC) Secretary R P Gupta discussed about the IPCC report on climate change and India’s reaction.

Gupta said, “The government of India has been taking number of steps pertaining to carbon emission and emissions in general. Last step, of course, has nothing much to do with climate change or carbon emissions but it has a lot to do with the environment in general and the pollution of the ground water and marine pollution in general. So, this is not the first step but plenty of steps we have taken.”

He added, “The steps like making the renewal purchase obligations, increasing the energy efficiency which ultimately cuts down the emissions. Schemes like Ujala where the crore of bulbs are given a very cheaper rate. It has cut down the energy consumption and in turn cut down the emissions. We have been increasing the 02:38–forest and tree covers which act as carbon sink. So, there are a series of steps which have been taken by the government to make our development more and more low carbon trajectory.”

Talking about India’s contribution, Gupta said, “IPCC report itself has said that it is not due to any particular country. Our total contribution in the total emissions so far are only to the tune of about 4 percent. And the extreme events like ferocity of monsoon, heat affects also these are not due to this 4 percent only, these are due to the 100 percent by different countries where the advanced countries are the major contributors.”

On net zero emissions, Gupta said, “Government is still considering what positions to take as far as the net zero neutrality by India. We are quite clear about it that it has to be net negative by the developed countries and developing countries will still require some carbon space for our development. Date of course we are not yet decided whether to give any date for our carbon neutrality.”

For full interview, watch accompanying video…

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nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
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nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
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nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
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Greta Thunberg ‘a bit surprised’ to be Time Person of the Year

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The 16-year-old Swede has become the face of a new generation of environmental activists, drawing large crowds with her appearances at protests and conferences over the past year and a half.

Teenage climate activist Greta Thunberg said she was surprised and honoured Wednesday to be named Time’s youngest Person of the Year while adding that others in the global movement she helped inspire deserve to share the accolade.

The 16-year-old Swede has become the face of a new generation of environmental activists, drawing large crowds with her appearances at protests and conferences over the past year and a half. Some have welcomed her work, including her speeches challenging world leaders to do more to stop global warming. But others have criticized her sometimes combative tone.

“For sounding the alarm about humanity’s predatory relationship with the only home we have, for bringing to a fragmented world a voice that transcends backgrounds and borders, for showing us all what it might look like when a new generation leads, Greta Thunberg is Time’s 2019 Person of the Year,” the media franchise said on its website.

As she left a U.N. climate conference in Madrid, Thunberg told The Associated Press that she was “a bit surprised” at the recognition.

“I could never have imagined anything like that happening,” she said in a phone interview.

“I’m of course, very grateful for that, very honored,” Thunberg said, but added: “It should be everyone in the Fridays for Future movement because what we have done, we have done together.”

Thunberg said she hoped the message being pushed by her and other activists — that governments need to drastically increase their efforts to combat climate change — is finally getting through. The “Greta effect” has already been linked to a rise in support for environmental parties in Europe.

But she insisted that the media should also pay attention to other activists, particularly indigenous people, whom she said “are hit hardest by the climate and environmental crisis.”

Her concern over the slayings of indigenous Brazilians in the Amazon drew a harsh rebuke from the Latin American nation’s president Tuesday.

“Greta said that the Indians died because they were defending the Amazon,” Jair Bolsonaro said. “It’s impressive that the press is giving space to a brat like that,” he added, using the Portuguese word ”pirralha.”

Thunberg responded by changing her bio on Twitter, where she has over 3 million followers, to say “Pirralha.”

The teenager has also been a strong advocate of science, regularly citing complex studies about the causes and impacts of climate change.

On Wednesday, Thunberg used her address at the U.N.’s annual climate summit to accuse governments and businesses of misleading the public by holding talks that she said aren’t going to stop the world’s “climate emergency.”

“The real danger is when politicians and CEOs are making it look like real action is happening, when in fact almost nothing is being done, apart from clever accounting and creative PR,” she said.

Thunberg cited scientific reports showing that national pledges to reduce planet-warming greenhouse gas emissions aren’t enough to meet the ambitious goal set in the 2015 Paris climate accord of keeping temperatures from rising by more than 1.5 degrees Celsius (2.7 Fahrenheit) by the end of the century.

“This is not leading, this is misleading,” she told officials, adding that “every fraction of a degree matters.”

Thunberg said the youth climate movement, which has staged repeated worldwide protests attended by hundreds of thousands of people, has managed to spread awareness about the need to urgently emissions and help those already affected by global warming.

“To get in a sense of urgency in the conversation that is very needed right now to be able to move forward,” she said. “That, I think, is our biggest success.”

Asked whether she thought world leaders were beginning to respond to this message, Thunberg told the AP: “They say they listen and they say they understand, but it sure doesn’t seem like it.”

“If they really would listen and understand then I think they need to prove that by translating that into action,” she added.

Thunberg said the experience of the past 15 months, going from solo-protester outside the Swedish parliament to speaking in front of world leaders at the U.N. General Assembly, had changed her.

“I think life is much more meaningful now that I have something to do that has an impact,” she said.

Thunberg has tried to preserve some privacy despite the relentless interest she’s received from media and adoring fans.

She was mobbed on her arrival in Madrid last week and the attention paid to her appearances at the climate conference has far outstripped that of other events, save for Hollywood stars like Harrison Ford.

“I would like to be left alone,” Thunberg said when asked about her immediate plans. But before heading home to Sweden, to spend Christmas with her family and dogs, she will attend a climate protest Friday in Turin, Italy.

“After that, I have no school to return to until August because I’ve taken a gap year,” she said.

“I will probably continue a bit like now, travel around. And if I get invitations, to come. And just try everything I can,” she added.

Last year’s Time winners included slain Saudi journalist Jamal Khashoggi; the staff of the Capital Gazette in Annapolis, Maryland, where five people were shot to death; Philippine journalist Maria Ressa; and two Reuters journalists, Wa Lone and Kyaw Soe Oo.

 

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
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Climate activist Greta Thunberg is Time’s Person of the Year

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Greta Thunberg, the teen activist from Sweden who has urged immediate action to address a global climate crisis, was named Time Magazine’s Person of the Year for 2019 on Wednesday.

Greta Thunberg, the teen activist from Sweden who has urged immediate action to address a global climate crisis, was named Time Magazine’s Person of the Year for 2019 on Wednesday.

Thunberg, 16, was lauded by Time for starting an environmental campaign in August 2018 which became a global movement, initially skipping school and camping out in front of the Swedish Parliament to demand action.

Time cover features Swedish teen activist Greta Thunberg named the magazine’s Person of the Year for 2019 in this undated handout. TIME via REUTERS

“In the 16 months since, she has addressed heads of state at the UN, met with the Pope, sparred with the President of the United States and inspired 4 million people to join the global climate strike on September 20, 2019, in what was the largest climate demonstration in human history,” the magazine said.

Also read: The Greta Effect..

“Margaret Atwood compared her to Joan of Arc. After noticing a hundredfold increase in its usage, lexicographers at Collins Dictionary named Thunberg’s pioneering idea, climate strike, the word of the year,” Time said.

Thunberg, who turns 17 in January, continues to beat the drum, saying in Madrid last week that the voices of climate strikers are being heard but politicians are still not taking action.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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