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The investments would be required in manufacturing of capacity for solar, electrolysers, wind and battery, transmission, green hydrogen, solar, hydro, wind, and waste to energy sectors, said Pradip Kumar Das, CMD of Indian Renewable Energy Development Agency, at a webinar organized by the World Bank.
An international team of experts has warned that the number of deaths caused by extreme heat will increase nearly fivefold in the coming decades. The Lancet Countdown, a major annual assessment, highlights that the use of fossil fuels is threatening human health in various ways, including more frequent droughts, the spread of infectious diseases, and the strain on healthcare systems. The report comes amid the COP28 climate talks and highlights the urgent need for action on climate change to protect global health.
According to a new UN synthesis report, the world needs to reduce emissions by 43% by 2030 to limit global temperature rise, but current mitigation efforts are projected to only achieve a 2% reduction. The report also states that while emissions will not increase after 2030, they are not decreasing rapidly enough to meet the necessary targets. The rise in global temperature has already reached 1.1 degrees Celsius, higher than pre-industrial levels, and 2023 is on track to be the warmest year on record.
China on Thursday presented its hard-earned achievements over the years on cutting emissions, such as CO2 emissions per unit of GDP being halved since 2005, and deepening cooperation on tackling climate change with the most affected South Pacific countries. With this year's climate summit, known as COP27, drawing closer, those results are being seen as a demonstration of China's efforts of fulfilling commitment of its pledge and a rebuttal of outside critics of such endeavor.
The announcement coincided with the UN climate conference in Glasgow where the US, the world's second-largest greenhouse gas emitter, is seeking to reclaim leadership on the world stage by demonstrating tangible steps to curb emissions at home