Sunday, February 23News That Matters

Tag: climate action

Budget 2025 India Ambitious 100 GW Nuclear Energy Mission for Viksit Bharat

Budget 2025 India Ambitious 100 GW Nuclear Energy Mission for Viksit Bharat

Breaking News, Climate Actions, Fact Check
Finance Minister Nirmala Sitharaman has announced a bold new ‘Nuclear Energy Mission for Viksit Bharat’, setting an ambitious target of 100 GW of nuclear power by 2047 as part of India's clean energy transition. To accelerate growth, amendments to the Atomic Energy Act and Civil Liability for Nuclear Damage Act will be introduced, enabling greater private sector participation. A major highlight of the initiative is a ₹20,000 crore R&D mission for Small Modular Reactors (SMRs), with at least five indigenous SMRs expected to be operational by 2033. Former Atomic Energy Commission Chairman Dr. Anil Kakodkar welcomed the move, calling it a “clear realization” of nuclear energy’s role in achieving Net Zero emissions. India currently has an 8,180 MW installed nuclear capacity, with 24 ...
Green Banks Coalition Collapses as Major US Lenders Exit Net Zero Alliance

Green Banks Coalition Collapses as Major US Lenders Exit Net Zero Alliance

Breaking News, Climate Actions, Fact Check
The Net Zero Banking Alliance (NZBA), a key UN-backed coalition of financial institutions committed to climate-friendly investments, has suffered a major setback with the withdrawal of six of the largest American banks. With JP Morgan becoming the latest to exit, only three smaller US banks remain in the alliance. This mass departure underscores the growing tension between climate goals and political resistance in the US financial sector. NZBA: A Climate Commitment Now in Question The NZBA, launched ahead of COP26 in 2021, is a global network of banks pledged to align their financing with net-zero emissions targets by 2050. With 136 members across 44 countries managing assets worth $57 trillion, the alliance was meant to be a major driver of climate-conscious banking. However, its ef...
India Warns Lack of Climate Funding May Force Global South to Revise Climate Targets

India Warns Lack of Climate Funding May Force Global South to Revise Climate Targets

Breaking News, Climate Actions, Fact Check
India has raised significant concerns over the insufficient climate funding from developed nations, warning that this may lead developing countries to revise their climate targets. At the heart of the issue is the 2024 UN climate conference's financial package, which has been criticized for offering little hope in addressing the climate crisis. The shortfall in funding has sparked tensions between the Global South and developed countries, potentially undermining global climate action efforts. Impact on India's Climate Actions and Sustainable Development India's Economic Survey for 2024-25, presented in Parliament, emphasized that without adequate financial support from richer nations, developing countries may have to reassess their Nationally Determined Contributions (NDCs) for the 2...
WMO Launches Climate Services Dashboard to Boost Global Climate Action

WMO Launches Climate Services Dashboard to Boost Global Climate Action

Breaking News, Climate Actions, Idea & Innovations
As climate change accelerates, the demand for climate services that utilize scientific knowledge for mitigation, adaptation, and resilience is growing. In response, the World Meteorological Organization (WMO) has launched the Climate Services Dashboard, an innovative platform designed to improve global climate service capacities and support data-driven decision-making for effective climate action. The interactive dashboard offers a comprehensive tool for decision-makers, National Meteorological and Hydrological Services (NMHSs), and development partners. It tracks essential data related to climate policy integration, climate service capabilities, and investment trends. This tool helps ensure that climate services play a vital role in supporting national climate action plans and sust...
Bhutan Bold Move Weather, Climate Overhaul for a Resilient Future

Bhutan Bold Move Weather, Climate Overhaul for a Resilient Future

Breaking News, Climate Actions, Environment
In the heart of the Himalayas, Bhutan a nation renowned for pioneering Gross National Happiness faces an escalating battle against climate-induced disasters. Yet, within this challenge lies a transformative opportunity to revolutionize its approach to weather, water, climate, and early warning services. The urgency is clear. In August, a flash flood, intensified by upstream landslides, devastated 70 households in Thimphu. A year earlier, another flash flood claimed 23 lives and severely damaged the Yungichhu hydropower project construction site. In 2021, extreme rainfall affected 2,500 acres of farmland across 18 Dzongkhags, destroying 2,400 metric tons of crops. Bhutan’s vulnerability is undeniable: the country hosts 700 glaciers and 567 glacial lakes, with 17 classified as high-risk f...
Economic Survey Flags Climate Finance Gap, Stresses Urgent Adaptation Needs

Economic Survey Flags Climate Finance Gap, Stresses Urgent Adaptation Needs

Breaking News, Climate Actions, Fact Check, Thoughts & Talks
The Economic Survey 2024-25, released on January 31, highlights India's urgent need for climate adaptation measures while criticizing the lack of international climate finance. The report warns that reliance on domestic resources could hinder development goals. The Ministry of Environment, Forests and Climate Change (MoEFCC) is formulating a National Adaptation Plan (NAP) to align with sustainable development and climate resilience strategies. Meanwhile, the Initial Adaptation Communication (IAC) submitted to the UNFCCC outlines India’s vulnerability assessment and adaptation efforts across key sectors. In agriculture, India is focusing on climate-resilient crops, groundwater conservation, and soil health. Urban adaptation measures include improved water management under AMRUT, verti...
Bhutan Bolsters Climate Resilience with Advanced Hydromet Services

Bhutan Bolsters Climate Resilience with Advanced Hydromet Services

Breaking News, Climate Actions, Environment
Nestled in the heart of the Himalayas, Bhutan a nation renowned for pioneering Gross National Happiness faces growing threats from climate-induced disasters. Yet, within this challenge lies an opportunity to revolutionize its approach to weather, water, and early warning systems. Recent climate events highlight the urgency. A flash flood in August, intensified by upstream landslides, affected 70 households in Thimphu. In 2023, another flood claimed 23 lives and damaged the Yungichhu hydropower project. Severe rainfall in 2021 destroyed 2,400 metric tons of crops across 18 Dzongkhags. With 700 glaciers and 567 glacial lakes 17 posing high GLOF risks Bhutan’s vulnerability is evident, particularly for its agriculture-dependent workforce. For a decade, Bhutan’s National Centre for Hydro...
Mira Bhayandar Unveils Climate Action Plan to Achieve Net-Zero by 2047

Mira Bhayandar Unveils Climate Action Plan to Achieve Net-Zero by 2047

Breaking News, Climate Actions
Mira Bhayandar, a fast-growing satellite city of Greater Mumbai, has launched an ambitious Climate Action Plan aiming for net-zero emissions by 2047. This makes it the fifth city in Maharashtra after Mumbai, Sholapur, Nashik, and Chhatrapati Sambhaji Nagar to develop a strategic roadmap for climate resilience. The Mira Bhayandar City Climate Action Plan 2024-2047, prepared jointly by the Aga Khan Agency for Habitat India and the Mira Bhayandar Municipal Corporation (MBMC), was unveiled in Mumbai on January 29. It sets a target of reducing greenhouse gas (GHG) emissions by 36%, focusing on renewable energy, energy efficiency in buildings, and improved waste management. Rising Urbanization and Emissions Mira Bhayandar has seen a 50% increase in built-up areas since 2005, with urban ...
Centre Approves ₹3,027 Crore for Disaster Mitigation Projects

Centre Approves ₹3,027 Crore for Disaster Mitigation Projects

Breaking News, Climate Actions, Disasters, Fact Check
New Delhi: The Union Government has approved ₹3,027.86 crore for disaster mitigation projects across multiple states, focusing on drought resilience and lightning safety. The decision was made by a high-level committee chaired by Union Home Minister Amit Shah and comprising Finance Minister Nirmala Sitharaman, Agriculture Minister Shivraj Singh Chouhan, and NITI Aayog Vice Chairman. Major Allocations of ₹2,022.16 crore for drought mitigation in 12 most drought-prone states are Andhra Pradesh, Bihar, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, and Uttar Pradesh.  ₹186.78 crore for lightning safety measures in 10 state are Andhra Pradesh, Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Uttar Pradesh,...
Why Some Communities Resist Climate Relocation Despite Rising Risks

Why Some Communities Resist Climate Relocation Despite Rising Risks

Breaking News, Climate Actions, Environment
Cecilia has lived in Carahatas, a coastal village in Cuba, her entire life. Even as scientists predict that parts of her hometown may be underwater within 50 years due to rising sea levels, she refuses to leave. Like many locals, she believes her community can cope with climate change and flooding, despite government plans to gradually relocate residents to higher ground. Carahatas is not alone. Across the world, communities face increasingly extreme weather events, including droughts, heat waves, landslides, floods, hurricanes, and tropical storms. While governments and experts often propose relocation as a solution, many people refuse to move. Why do they stay despite the risks? A recent study led by Université de Montréal architecture professor Gonzalo Lizarralde sheds light on th...