Tag: green

Central banks push green finance as global warming losses rise to $160 b

Loknath Das

With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group, including 30 central banks, called for measures to spur green finance and better assessment of the risks from higher global temperatures. The move, led by the Bank of France, Bank of England and People’s Bank of China, draws the group deeper into a controversial area of policy-making, where they advocate funding for alternatives to fossil fuels. They set out a road-map for authorities to use in prodding executives and investment funds to weigh up…

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Watch: Gavin Green reviews the Geneva motor show 2018

Loknath Das

The #MeToo movement has claimed another scalp. The motor show girls that have added glamour to the Geneva Salon for at least 50 years are no more, gone the same way as the F1 grid girls. Only Fiat-Chrysler (FCA) stood defiant at Geneva. Little surprise it was the red-blooded Italians who cocked a snook. The car industry knows all about Me Too, of course (without the hashtag). Over the past few years, every motor show has been full of identikit new SUVs, as car makers follow each other, sheep heading…

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Oppo Given Green Clearance to Set Up Manufacturing Unit in Noida

Loknath Das

Chinese smartphone maker Oppo has been given green clearance to set up a mobile manufacturing unit in Greater Noida at a cost of Rs. 2,200 crores, a senior government official said. The Union Environment Ministry has granted the environment clearance to its Indian subsidiary Oppo Mobiles India Pvt Ltd for the proposed project. “The clearance has been given to the Oppo’s project after taking into account the views of an expert green panel. It is subject to compliance of certain conditions,” the government official said. The environment clearance certificate has already been…

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African and Asian Cities must urbanise sustainably. Is Green Finance the solution?

Loknath Das

The world’s fastest-expanding cities are now in the global South. Rural to urban migration, combined with the effects of urban population growth, could add another 2.5bn to the world’s urban population by 2050. According to the UN, close to 90 percent of this increase will be in Asia and Africa. At the same time, low-income countries are most affected by climate change and rarely have the means to finance resilience and adaption efforts. The cost of climate change adaptation in Africa has been estimated by the African Development Bank to be in the…

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11 beautiful places to visit for a green holiday

Loknath Das

Ecotourism can simply be defined as an environmentally responsible travel directed towards exotic natural habitat for enjoying and appreciating nature. It promotes conservation and provides a favourable active socio-economic participation of the locals. Ecotourism destinations allow travellers to experience some of the most extreme and gorgeous natural wonders across the globe but on a responsible note. The money spent by travellers on visiting these destinations is put back for maintaining and protecting its natural environment. Following are the top 11 eco-friendly destinations around the globe for your next green vacation!…

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