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COP 29 President Sets 14-Point Action Agenda

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The COP 29 President has announced initiatives to accelerate climate action and supplement the formal negotiated agenda.

The Action Agenda addresses global climate issues, focusing on key priorities like energy, finance, agriculture, cities, human development, and climate peace.

Initiatives like BICFIT and MAP address cross-sectoral synergies. Finance is a key enabler of climate action, the COP 29 President said Mr Mukhtar Babayev, President, COP 29, in his letter to the stakeholders.

He said “Azerbaijan is honored by the confidence that the global community has placed in us to host COP29. But we are just one country and we cannot solve the climate crisis alone. We seek to inspire every actor and demonstrate what is possible with commitment and determination, and we never underestimate the value of an individual contribution. “

Nigar Arpadarai, UN High-Level Climate Champion, COP 29, said “Now is the time for the whole universe of climate stakeholders to sign up, speak up and step up on climate action. If we are to meet our goals, we need everyone to do their part.”

The 14-point action agenda:
  • The Climate Finance Action Fund (CFAF). It is a voluntary fund funded by fossil fuel producers to support mitigation, adaptation, research, and development efforts in developing countries.
  • The Baku Initiative for Climate Finance, Investment and Trade (BICFIT). It is a Baku-based initiative promoting green investment, policy development, and expertise sharing in climate finance, investment, and trade.
  • COP29 Green Energy Zones and Corridors Pledge. It pledges to establish green energy zones and corridors, boost investment, stimulate economic growth, modernize infrastructure, and foster regional cooperation.
  • COP 29 Global Energy Storage and Grids Pledge: The pledge aims to triple global energy storage capacity by 2030, with endorsers committing to significantly increase investments in energy grids refurbishing more than 80 million kilometers by 2040.
  • COP 29 Hydrogen Declaration. The declaration aims to unlock the global market for clean hydrogen and its derivatives, addressing regulatory, technological, financing, and standardization barriers for both public and private sectors.
  • COP Truce Appeal. It is modeled on the Olympic Truce and aims to establish a hub for peace and climate action, focusing on matching vulnerable needs with resources.
  • COP 29 Green Digital Action Declaration. It aims to accelerate climate-positive digitalization, reduce emissions in the Information and Communication Technology sector, and improve the accessibility of green digital technologies.
  • The Baku Initiative on Human Development for Climate Resilience. The initiative aims to improve human development by promoting investment in education, skills, health, well-being, children and youth, establishing COP-to-COP continuity, and enhancing environmental literacy through education standards.
  • The Baku Harmoniya Climate Initiative for Farmers. The aggregator connects initiatives, coalitions, and networks to share experiences, identify synergies, facilitate finance, and foster collaboration on agriculture, empowering communities and women in rural areas.
  • COP 29 Declaration on Reducing Methane from Organic Waste. The declaration aims to achieve 1.5-aligned waste sector commitments in National Development Capitals (NDCs) with quantified targets to decrease methane in waste and food systems.
  • COP 29 Multisectoral Actions Pathways (MAP) Declaration for Resilient and Healthy Cities. The declaration aims to improve multisectoral cooperation in tackling urban climate challenges, promote coherence in urban climate efforts, and stimulate urban climate finance.
  • COP29 Declaration on Enhanced Action in Tourism. The initiative aims to establish sectoral targets for tourism in NDCs, promote sustainable practices, reduce emissions, enhance transparency, and establish sustainable food systems in the sector.
  • COP29 Declaration on Water for Climate Action. A declaration urging stakeholders to integrate water-related mitigation and adaptation measures into national climate policies.
  • The Baku Global Climate Transparency Platform (BTP). The platform aims to assist developing country parties in preparing and submitting Biennial Transparency Reports, promote knowledge exchange, and enhance capacity-building resources.

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COP29: Hope for Climate Mitigation and Climate Fund

Sonal Desai


COP29 in Azerbaijan is just three months away.

It is one of the most anticipated climate events in 2024.

More so because I am expecting action and actionable strategies from Baku, as against hollow promises in the past events.

There are couple of reasons, I am placing my bets on COP29:

1. Climate incidents have played global havoc. Disturbing climate incidents have displaced thousands of people as well as animals. The loss and damage are yet to be established.
2. The event has already sparked climate conversations. But more so because, the host country, Azerbaijan is taking the lead in mitigating climate action.

The country aims to reduce emissions by 40% by 2050 through climate mitigation plans, including gas-free power stations, renewable energy, and energy-efficient technologies. With these initiatives, Baku has set the ball rolling for member countries.

India, in particular, which has seen massive destruction because of increased natural disasters will be an active participant.

Here are some reasons why:

Till July 2024, India witnessed over 120 natural disasters ranging from cyclones, floods, flash floods, landslides, insect infestations, forest fires.

• The year 2023 has been the warmest year on record, with 1.48 degrees warmer than the pre-industrial average. The Centre for Science and Environment’s annual Anil Agarwal Dialogue revealed that 109 nations, including India, experienced extreme weather events in 2023, causing losses of 3,287 human lives, 2.21 million hectares, and 124,813 animal deaths.
• A World Bank Climate Change report predicts India’s average temperature to rise by 1.1-4.1°C by the end of the century, influenced by the 21st-century emissions pathway.
• The G20 Climate Risk Atlas highlights India’s already severe climate change impacts, predicting impacts up to 2050 and 2100 on various emission pathways.
• India faces severe climate impacts due to high emissions, with heatwave lengths increasing by 2,515% in 30 years, causing heat-related deaths 25 times higher than in 1990, destroying crops, and costing farmers 15% of income by 2050.
• Increased climate threats, including extreme heatwaves, hurricanes are interrupting the supply chain.

Grim picture?

IT CERTAINLY IS!

Even as the country limps from one tragic incident to normalcy, tragedy strikes another region with an equal or more devastating vigor. This is a continuing trend over the past few years with no solution in sight. Besides, every climate incident poses newer challenges.

WriteCanvas has consistently pointed out the ill effects of ignoring natural warnings (including climate change). I am hoping that the climate conversation at Baku is realistic. It just does not play on the lines of the previous COP editions that provide hope but no conducive solutions to mitigate climate change.

Climate finance at play:

The UNFCCC’s Standing Committee on Finance estimates that developing countries need $5.8-11.5 trillion by 2030 to meet their climate plans.

COP29 also aims to Paris Agreement goals including limiting global warming, adapting to climate change impacts, and mobilizing financing.

Experts augur that the faster India adopts low-carbon policies, it will face lesser climate impacts cascades. Limiting temperature rise to 2°C will see the cost of climate impacts in India drop to just 2% of its GDP by 2050 and 5.18% by 2100. At COP29, all eyes will be on ACT2025.

According to WRI, The Allied Climate Transformation (ACT) 2025 consortium is advocating for strong climate finance and support at COP29, focusing on 3.6 billion people in climate-vulnerable countries.

The consortium aims to meet the needs of developing countries and set an ambitious climate finance goal to support low-emissions economies. Climate-vulnerable nations face widespread devastation from climate change, and a lack of support for climate action is concerning.

The consortium’s Call to Action outlines concrete actions to support these countries, including setting an ambitious climate finance goal and ensuring quality finance, and accountability.

This will take into account the needs and priorities of developing country Parties, and will also include the operationalization of Article 6. Strengthening multilateral financial institutions and climate funds will contribute to creating an international enabling environment for success.

Debuting the New Collective Quantified Goal:

The UN climate conference in Baku will focus on the New Collective Quantified Goal (NCQG) to determine the new amount developed nations must mobilize annually to support climate action in developing countries starting in 2025.

Adopting the NCQG is crucial for the Paris Agreement. The COP29 Presidency aims to agree on an ambitious NCQG, considering the needs and priorities of developing country Parties, and facilitating transparency and accessibility.

The top negotiating priority is agreeing on a fair and ambitious NCQG on climate finance, considering developing country needs.

Strengthening multilateral financial institutions and climate funds, and mobilizing the private sector and philanthropy for climate action are also crucial in adopting the NCQG and implementing the Paris Agreement.

Our take:

COP29, we hope, will lay out actionable roadmaps for the pressing issues of Climate Fund mobilization and lack of action in the Paris Agreement. We also hope the world leaders align in their climate language, fast-tracking in actions, and accountability that measure impacts.


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NOT JUST A CLIMATE DISASTER?

Renjini Liza Varghese


Every time a climate incident happens in Kerala, it is natural for all of us to recall Mr Madhav Gadgil’s painful words, “Things are getting worse in Western Ghats. … and it won’t take decades but a few years before we see disasters if remedy measures are not taken.”

My aim is not to rub salt in the angry wound but to draw everyone’s attention to the ignorance or ‘We know it all attitude.” The imperatives at all levels, including individual, family, community, local body, policy, regulatory, and implementation, are being altered.

The disaster in Wayanad, Kerala, is a stark reminder of the urgent need for action and accountability in climate change mitigation. It is devastating to note the number of causalities increasing every hour.

For those of you not familiar with Mr Madhav Gadgil, he is an ecologist who submitted a detailed report warning the Ministry of Environment and Forests about the drastic impact of climate change on ecology and the resultant effect on humanity. His insights throw a harsh light on the reality being played out.

I am stating a few recommendations from the report:

  1. Designate the entire Western Ghats as an Ecologically Sensitive Area (ESA).
  2. Categorize 142 taluks in the Western Ghats boundary as Ecologically Sensitive Zones (ESZ) 1, 2 and 3, (ESZ-1 being high priority)
  3. Restrict all developmental activities (mining, thermal power plants, etc)
  4. Avoid building new dams based on large-scale storage in Ecologically Sensitive Zone 1
  5. A change in the present system of governance from top-down to bottom-up (right from gram sabhas)
  6. Decentralize governance and empower local authorities.

The Western Ghats, which run parallel to the nation’s west coast, are older than the Himalayan mountain range. This 1,600 km-long mountain range spans the states of Gujarat, Maharashtra, Goa, Karnataka, Tamil Nadu, and Kerala and is located about 30 to 50 kilometres inland. It encompasses an area of about 140,000 sq km.

While the state machinery is being oiled for rescue operations and assessing the damages, the biggest question that arises is –Development versus Environmental Protection and Climate Change.

I will break the four key elements down for easy undersatnding.

1) Climate change:

Meteorology scientists who have been vocal about the change in rain patterns have highlighted some key points after the Kerala Tragedy.

  1. This year, in particular, there was a greater intensity of rain in a shorter amount of time. For example, Wayand received 24 cm of rain in a few hours, Mumbai received 30 cm in five hours in July, and Delhi reported high-intensity rain leading to floods.
  2. More cloud burst alerts for August.
  3. Leh Airport, India’s highest commercial airport, faces difficulties in landing due to rising temperatures and thin air density, a clear example of climate change impacting aero engines’ speed.
  4. Landslides throughout the western ghats — For the past few years, landslides have been reported annually in the Konkan region of Maharashtra, disrupting rail operations. Another incident with reported casualties is the recent landslide in Shirur, Karnataka.
2) Development vs Disasters:

Experts agree that many disasters classified under the natural category are undoubtedly manmade. They are the result of unscientific development with scant regard to the impact on the environment. The flooding and landslides reported from various states in India have a direct correlation to the developments in the region. I am highlighting this point not as an anti-development stand but as a precaution to keep Mother Earth in focus while planning development before nature’s fury wipes us out.

Let the development not be reckless. Let it support our growth.

3) Energy needs: hydro projects

Conventionally, India, for its energy requirements, developed hydroelectric projects for two potential reasons: a) cost factor and b) fuel availability. However, it has now been proven that hydroelectric projects are more environmentally dangerous than their advantages.

4) Climate casualties

In 2023, when recorded climate casualties started climbing, we thought it might be just a one-off thing. However, with this year’s heat-related deaths, floods and landslides, the numbers from natural calamities are rapidly climbing. We are sitting on a Climate Time Bomb!

We have crossed all the danger marks. Climate action and accountability can only save mankind.


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ISO Developing Net Zero Standard

WriteCanvas News


ISO is developing its first net zero international standard.

The aim is to provide clarity, robust requirements, and enable comprehensive climate action for a sustainable world.

Expected to launch at COP30 in November 2025, the new standard is being designed to provide a global solution to guide organizations as they embark on their net zero transition.

It is an evolution of the ISO Net Zero Guidelines, which aimed to provide credible best practice and protect against greenwashing.

Meanwhile, thousands of experts across more than 170 countries are expected to collaborate through national standards bodies. A public consultation is expected to open later in 2025 to support global input.

“ISO takes our role in supporting a net zero transition seriously. As part of our Climate Commitment, we look forward to delivering an international standard the market has been asking for, and importantly, suitable for organizations of all sizes, sectors and geographies,” said Noelia Garcia Nebra, Head, Sustainability, ISO.


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Climate Crisis: SOS for Action

Renjini Liza Varghese


The recent record-breaking temperature of 47.8 degrees Celsius in Delhi is a stark reminder of the escalating climate crisis. A decade ago, such scorching heat would have been unimaginable, with average temperatures hovering around a much more manageable 34-35 degrees. Even forty degrees was an extreme peak for a brief period back then. Currently, though, that level is the “new normal” in many parts of India.

Cities like Lucknow, Pune, Nagpur, Chennai, and Hyderabad, once accustomed to summer temperature peaks of 45 degrees, are now grappling with highs exceeding 45 degrees and forecasts pushing past 47 degrees. These levels are simply not tolerable for humans, wildlife, and ecosystems.

Today, 40 degrees is the new normal in many parts of the country. Delhi’s unprecedented temperature highlights a disturbing trend-an SOS call to tackle the climate crisis.

The once-ambitious goal of limiting global temperature rise to 1.5 degrees Celsius to pre-industrial levels, considered as achievable a decade ago, now seems like a distant dream. Even the revised target of 2 degrees appears increasingly out of reach.

The past week alone has been a brutal showcase of extreme weather events across the globe, a terrifying glimpse into what awaits us if we fail to act.

India continues to face the heatwave wrath. Tornadoes and hurricanes wreaked havoc in the US, leaving trails of power outages and destruction.

Meanwhile, Afghanistan suffered devastating floods that claimed over 400 lives, displaced thousands, and inflicted immense property damage. Adding to the chaos, parts of Chile experienced a dramatic drop in temperatures, plummeting to freezing levels.

These unprecedented weather patterns and their increasing intensity serve as a stark warning. It’s time to break free from short-sightedness and the relentless pursuit of economic goals or one-sided gains that often lead global leaders to sideline climate action. This is a dangerous path that will undoubtedly lead to chaos and immense loss. We are not just talking about discomfort – we are facing the very real possibility of losing everything to climate disasters.

The need to mitigate climate change becomes even more urgent when we look beyond our borders. A barrage of extreme weather events across the globe is proof that we are facing a monumental challenge.

We must brace ourselves to face the consequences of inaction. This is an appeal for everyone to be mentally prepared for the potential devastation caused by climate disasters. But more importantly, it’s a call to action. Global leaders must prioritize climate action, setting aside political agendas for the sake of our collective future.


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Decarbonizing India’s Real Estate Sector

WriteCanvas News


Infosys, AEEE, and IIHS have launched ASSURE (Accelerating Sustainable and Super-efficient Real Estate) to decarbonize India’s commercial building sector and promote global climate action and sustainability.

The program aims to construct 100 million sq. ft. of high-performance real estate in India by 2030.

ASSURE is the world’s largest initiative for implementing high-performance buildings, involving experts, innovators, enterprises, and government. It aims to provide technical assistance, foster entrepreneurship, collaborate with government, and engage financial institutions.

Nandan Nilekani, Co-founder and Chairman, Infosys, said, “India’s building sector presents a significant opportunity to make progress on our nation’s sustainability goals. ASSURE – our joint program – creates the next opportunity to make a significant impact on India’s environmental footprint, paving the way for a greener and more sustainable future for generations to come.”

Dr. Satish Kumar, President & Executive Director, Alliance for an Energy-Efficient Economy (AEEE), said, “By integrating rigorous performance validation and ambitious emissions reduction targets, we aim to transform building practices and drive real change.”

Aromar Revi, Director, the Indian Institute for Human Settlements (IIHS), said, “IIHS’ contribution to IPCC’s AR6 cycle, especially the 1.5 C Special Report and the Summary for Urban Policymakers, highlight the centrality of the urban and infrastructure system transition and building energy efficiency measures to deliver deep emission reduction goals of the Paris Climate agreement. We are excited about this opportunity to work with Infosys and AEEE in crafting actionable solutions that build on our impactful work on climate science, policy, and finance, capacity development, and innovation.”


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AI Washing Eroding Trust in ESG Initiatives?

Renjini Liza Varghese


The environmental, social, and governance (ESG) space has long grappled with greenwashing. In greenwashing, companies often under or over-quote their environmental commitment for marketing advantage. We are also familiar with phrases like Blue washing and Pinkwashing, categorized under the ‘S’ factor’S’ ESG.

AI washing is emerging as a significant challenge in ESG dynamics.

One may wonder about the connection between AI washing and sustainability. Therefore, we begin with a definition of AI washing.

AI washing is the practice of a business overstating the amount of AI that is used in its goods and services. A recent order regarding AI washing from the US Securities and Exchange Commission (SEC) piqued my interest in this topic. Their position is unambiguous: businesses need to disclose their real AI integration. This is vital because exaggerated claims regarding AI’s capabilities have the potential to deceive stakeholders and investors.

I tried to connect the dots between AI and sustainability, and here is my take on the issue. 

We have seen tech platforms enabling, fast-tracking, and measuring the impacts of sustainability initiatives. Sustainability and technology go hand-in-hand. Technology and sustainability cannot be delinked from each other. All the same, if not controlled or measured, technology can also play a spoiler to the company’s company’s-2, -3, and now -4 measurements.

Take, for example, a company that touts its “AI-powered “sustainability initiative. This may, in reality, be fundamental data analysis. The misleading narrative is a classic case of AI-driven greenwashing. It can undermine transparency and erode trust in ESG, creating further hurdles in recognizing genuine sustainability efforts. This presents a huge concern.

Deception in the digital age:

The impact of a narrative is deep and wide. When companies embellish their AI prowess, stakeholders become sceptical. This hinders genuine AI advancements that could benefit both businesses and society.

Excited, AI washing can slacken tech adoption and hinder progress.

Let me give you an example. AI tools can optimize resource utilization, identify environmental risks, and enhance supply chain transparency. On the other hand, AI washing undermines the confidence of investors and stakeholders who fall prey to pretence or false reports and invest in companies that don’t deliver on their promises. This can have a significant impact on market dynamics.

AI washing is a sophisticated evolution of greenwashing. Companies can leverage AI-generated reports or fabricated data analysis to bolster their supposed sustainability efforts, making it increasingly difficult to differentiate genuine progress from marketing gimmicks.

How to safeguard against AI washing?

It is a call for extra vigilance. To combat AI washing and ensure the integrity of ESG initiatives, several key steps are essential:

Critical thinking: Do not take claims about AI at face value. Ask questions about the specific applications and their impact.

Prioritize transparency: Clearly articulate how AI is integrated into your ESG strategy. Businesses must provide detailed explanations of their AI-powered sustainability programs. What specific challenges are these programs designed to address? How is AI being utilized to achieve these objectives?

Independent verification: Support independent audits and certifications to substantiate the AI adoption and impacts in sustainability efforts. Also, encourage research and reporting that investigates and exposes AI washing practices.

Regulatory support:  Supporting regulatory bodies in establishing clear guidelines and enforcing them effectively is crucial in combating AI washing.

Investor and consumer education:  Empowering both investors and consumers through educational initiatives is crucial. Foster open dialogues and raise awareness about AI washing.

AI washing poses a significant threat to the integrity of ESG initiatives. However, through collaborative action and a collective commitment to transparency, we can ensure that AI is used as a force for good, driving genuine progress in sustainability.

After all, in today’s current landscape, trust is the bedrock of a solid corporate reputation and a key differentiator in attracting stakeholders who value genuine ESG commitment.

 


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The True Cost of Climate Change

Renjini Liza Varghese


Climate change is rapidly distorting the world order.

The cost of climate inaction is much higher than the cost of climate action.

The scorching reality of climate change is no longer a distant threat; it’s a tangible cost we’re paying every day. We’ve become accustomed to a new normal – rising temperatures, erratic weather patterns, and intensifying natural disasters. As summer 2024 approaches, conversations about “bracing ourselves” for another season of extremes are gaining ground. But this defeatist attitude reflects a dangerous trend: our adaptation to a crisis we should be actively fighting.

Apathy or Action?

The latest report by the UN paints a grim picture. The year 2023 shattered climate records a new report from the World Meteorological Organization (WMO) finds. The WMO report confirms that 2023 was the warmest year on record, with the global average near-surface temperature at 1.45 °Celsius (with a margin of uncertainty of ± 0.12 °C) above the pre-industrial baseline. It was the warmest ten-year period on record.

The report shows unprecedented levels of greenhouse gasses, rising temperatures, and a domino effect of extreme weather events – heatwaves, floods, droughts, and wildfires – causing widespread devastation and economic hardship. The message is clear: these are not isolated incidents; they are blaring sirens, urging us to take action.

This is affecting the everyday lives of millions of people and inflicting billions of dollars in economic losses.

The UN Secretary-General, António Guterres, aptly described the situation: “Some records aren’t just chart-topping, they’re chart-busting. And changes are speeding up.” The data confirms his statement. The 2023 global average temperature was the highest on record, exceeding pre-industrial levels by a significant margin.

The evidence surrounds us. Kerala, a state known for its pleasant weather, has been issuing heat advisories throughout February and March. Britain, on the other hand, faces the possibility of a snowy Easter, a stark contrast to its usual spring weather. Even Dubai, a bustling metropolis in the Middle East, hasn’t been spared. Intense downpours in March flooded the streets, disrupting daily life.

Climate change isn’t a regional issue; it’s a global phenomenon impacting every corner of the world. The current approach of simply adapting to these extremes is akin to accepting defeat. The true cost of inaction is far greater than the investment required to address climate change. We cannot afford to become passive bystanders in this unfolding crisis.

It’s time to move beyond bracing ourselves for adversity. It’s time for collective action. Let us advocate for stricter environmental policies, invest in renewable energy sources, and adopt sustainable practices in our daily lives.

The human cost of inaction is simply too high.

This is not just about surviving the next heatwave; it’s about securing a livable future for generations to come. The time for action is now.

 


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Will the 17th LS Election Emit Less Carbon Footprint?

Sonal Desai


In the next three months, India’s 16th Prime Minister will take oath. India, the world’s largest democracy, is heading to a general election and is also setting a tone change—this time regarding carbon emissions.

Amid the hustle and bustle surrounding the election campaign and related propaganda that will now amuse us every day, I will keenly follow the speeches of the key contestants.

I do not doubt that the economy, people, employment, education, agriculture, infrastructure, and better livelihoods will be the main topics of conversation. I’ve noticed that very few candidates discuss the green initiatives, even as each one provides a report card.

While all these segments are important for the development of a country and its citizens, climate change and climate action, sustainability and green initiatives are equally significant if we want to actively engage the next generation in politics. Sadly, GREEN hasn’t appeared on any agendas so far!

I’m concentrating especially on millennials because they have the freedom to choose to participate in politics or not at all. In addition to roti, kapda, makaan, and padhaii, insaan is becoming more and more popular.

This generation refuses to work for companies that do not have an appropriate ESG policy in place. They are not willing to compromise on sustainability or sustainable workforces! Approximately 2 percent of the voter base, or 1.82 crore people, will be first-time voters from this generation.

It looks like the LS 2024 Election may just be carbon-positive. Rajiv Kumar, Chief Election Commissioner, has set the green ball rolling.

Even as everyone in the nation gets ready to press the EVS, the CEC’s recognition of the significance of carbon footprint may perhaps be a first in the LS polls’ history.

The CEC urged all political parties to go paperless, saying, “It is important to check the carbon footprint and to use as little paper as possible.”

He stressed the importance of holding ecologically friendly elections. He instructed the political parties and the polling apparatus to work with waste management facilities, utilize double-sided printing, carpool and take public transportation, and refrain from using single-use plastic.

Sadly, the political commentary of the CEC’s decision to hold the LS elections in seven phases and, in some states, the Assembly elections concurrently, has already started. I am yet to hear from any political party welcoming the EC’s move and making a commitment toward reducing carbon footprint during their campaigns.

How many SDGs are the elections violating?

Trivia:
  • The use of microplastics in campaign literature and fossil fuels during traditional election campaigns has a significant carbon footprint.
  • Electronic voting machines significantly reduce paper usage in elections, saving 10,000 tons of ballots and over 20 lac trees in an Indian national election, thereby promoting environmental sustainability.
  • EVM offers superior benefits in ballot paper printing, storage, transportation, and labor costs, as it reduces the cost of hand-carrying ballot papers.
  • India’s greenhouse gas emissions have nearly tripled since 2000, reaching a record high of 2.7 GtCO2 in 2022, indicating a significant environmental crisis.

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WriteCanvas Joins Forces with GreenFi

WriteCanvas News


WriteCanvas, a Mumbai-based knowledge powerhouse founded in 2018, has partnered with GreenFi, a Singapore-based company specializing in ESG risk analysis.

WriteCanvas will help GreenFi with its strategic communication by producing blog posts and thought leadership articles, among other types of content.

Erica de Wit

Erica de Wit, Co-Founder, GreenFi, sees a natural synergy between the two companies. “Both GreenFi and WriteCanvas share a passion for ESG and sustainability. WriteCanvas’s expertise will be invaluable in establishing GreenFi as a leader in the ESG space,” she said.

Renjini Liza Varghese

Renjini Liza Varghese, CEO, WriteCanvas, expressed her enthusiasm about the collaboration. “The collaboration will raise our profile internationally. We look forward to a fruitful partnership and significant contribution to GreenFi’s building.”

Since its inception in 2018, WriteCanvas has honed its expertise by working with a diverse clientele. The portfolio includes companies from manufacturing, banking, financial services, and insurance (BFSI), green funding, trade finance, and trade associations. This experience positions WriteCanvas as a perfect partner to assist GreenFi’s communication strategy.


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Female-Headed Households can Lose 34% Income for 1% Rise in Climate Change

WriteCanvas News


Heat stress and flooding significantly impact female-headed households, causing an annual income loss of 8% and $16 billion, respectively.

The statistics are the findings of a new FAO report titled: The Unjust Climate: Measuring the Impacts of Climate Change on the Rural Poor, Women, and Youth. The report suggests that a one percent increase in climate change could result in a 34% income loss for female-headed households, exacerbated by existing poverty and food insecurity.

The FAO report reveals that climate change disproportionately affects the rural poor, older people, and women in low- and middle-income countries. The authors note billions of dollars in losses among female-headed farming households, further widening the income gap between men and women.

Gender inequality plays a significant role in determining women’s adaptive capacity to climate change. For example, female-headed households lose 8% more of their income from heat stress and flooding annually than male-headed households, resulting in $37 billion a year. If climate change increases by another one degree Celsius, female-headed households could lose 34% of their income compared to male-headed households.

Lauren Phillips, Deputy Director, Rural Transformation and Gender Equality Division, FAO, in an interview with the organization’s newsroom, opines that the situation of female farmers in agrifood systems is significantly different from that of male farmers due to persistent gender inequalities, such as gaps in income, productivity, land access, mobile technologies, and financial access. Climate change also increases the number of hours women are required to work, and women already have a higher burden of care in most countries.

To change this, FAO is working with other UN agencies to implement projects that provide better training and capacity building for women, aiming to help them participate more in agrifood systems and value chains. Evidence from countries like Ecuador shows how gender-transformative approaches can be used by governments. FAO is also working to strengthen women’s resilience to climate change in small island developing countries in the Pacific, such as Palau, by focusing on the tourism value chain and other agrifood system work.

Addressing these gaps and promoting empowerment is crucial for helping families and women become more resilient to climate change. FAO is working with other UN agencies to implement projects that provide better training and capacity building for women, ensuring they have access to necessary resources and technologies to adapt to the changing climate, Ms Philips states.


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“Inclusive” Dominated Budget 2024

Renjini Liza Varghese


The Budget 2024 is an interim budget.

Though being populist, Nirmala Sitharaman, Union Finance Minister, carefully and successfully has traded on the inclusive lines or, in simple words, kept it women (rural) centric.

The re-definition of GDP to Governance, Development and Performance, while being a welcome move, must be taken with a pinch of salt, though.

Ms Sitharaman charts a clear picture for ‘Vikasit Bharat by 2047’.

The key highlights of the renewed focus are the ‘garib (poor)’, ‘women’, ‘yuva (the youth)’ and ‘kisan (farmer)’.

Starting with the point of inclusive development and growth, the FM highlights increased focus on the Northeastern states of India to promote geographic inclusivity and diversity.

She cements the government strategy with updates on various schemes like Housing for All, Electricity for All, Har Ghar jal, Cooking gas, and Banking services for All.

Empowering people and making social justice a necessary and effective governance model has been another key point in today’s budget speech. Ms Sitharaman underscores the continued efforts of the government toward access to equal opportunities, popular welfare and an outcomes-based focus.

I appreciate the focus on diversity and inclusion that dominated the budget speech in many forms. I am reading it as a positive step for sustainable (sustainability) growth.

“Female enrolment in STEM (science, technology, engineering, and mathematics) courses have seen a 43 percent spike, one of the highest in the world,” she states.

No doubt this will reflect in women participation in the workforce. Especially at a time when Indian companies are seriously implementing DEI in the workforce. While the global peers are much ahead, this shows that India is fast catching up.

Most notable were her mentions about the triple talaq, reservation of 1/3 seats for women in Parliament and state Assemblies, and allotting about 70 percent houses under PM Awas Yojana to women as owners or co-owners.

Climate action:

In a welcome move, the budget speech acknowledges the importance of climate action initiatives. Fresh bilateral packets with foreign partners are a positive move, considering the funding constraints in the segment. Reiterating the government’s target to achieve net-zero by 2070, the FM details the supporting initiates.

For one, India will set up three major economic railway corridors for energy, mineral and energy to reduce congestion and logistics costs.

Green energy and transport:

The FM has outlined a clear charter for green energy. The wind power segment which was sidelined for a couple of years, is back in focus with offshore wind power.

Some of the key announcements are:

  • Viability Gap Funding (VGF) to harness offshore wind potential for 1 GW.
  • Roof-top-Solar installations on 1 crore households providing upto 300 units free units on a monthly basis.
  • Coal gasification or liquefaction to the tune of  100 metric tonnes by 2030.
  • Phased mandatory blending of compressed biogas, uncompressed natural gas
  • Financial assistance for EV manufacturing and charging infrastructure 
  • E-buses for public transport

Eco-friendly

The FM has earned applause with a major announcement in the form of the launch of a bio-manufacturing and bio-foundry. She states that these units will drive eco-friendly alternatives like bio-polymers, bio-plastics, bio-pharma and bio-agri inputs.

This, according to the Finance minister, will bring in a landscape change from consumptive manufacturing to regenerative manufacturing.

“Blue economy” also finds a mention along with the green initiatives. Ms Sitharaman states that under Blue Economy 2.0, efforts will be made to restore coastal areas with a focus on aqua and marine culture.

Port connectivity in island cities to boost tourism and the local economy is also a welcome announcement.

Our take:

Though Ms Sitharman focuses on women and climate action, there were no surprises in the budget. Green hydrogen, carbon credit/ trading, a clear target of energy transition/ EV adoption, skilling for green jobs and financing challenges are missing from the budget speech.

Considering this is an interim budget, I am hoping that these issues will be addressed with detailed outlays and policy updates in July.


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Will India’s Budget Fuel Eco-Leap or Smog City Boom? 

Renjini Liza Varghese


Tomorrow, all of us will be glued to the TV to watch the budget announcements. No doubt it will be a populist budget as we are heading to General Elections in a few months. However, the net-zero target by 2070 may force the Union Finance Minister Nirmala Sitharaman to allocate funds for India’s transition to a sustainable future in this interim budget.

India is pushing its energy transition (renewable energy) narrative. However, with the buoyant growth in the economy, the country is scaling its capacity addition in power generation which is raising its carbon footprint. The country’s reliance on  RE is set to jump multi-fold with the target of 500 GW by 2030. Additionally, the production of nuclear power is increasing. In this regard, we anticipate a few policy adjustments to put India on a decarbonization path. Other emerging energy sources like hydrogen, offshore wind, and energy storage will attract attention. Modernization of grids, smart meters, green bonds, blue bonds and carbon markets are also in focus.

I have a gut feeling that we will see some green shoots. This is essential because this is India’s first budget after the G20 Presidency, during which we focused on “Lifestyle for Environment” (LiFE). I expect a reflection of LiFE in the budget with more measures for integration. This could be in the form of measures to attract investments in sustainable lifestyles, green education, and awareness campaigns that could empower citizens to adopt environmentally conscious practices.

Challenges:

Expectations are high. However, fiscal constraints present a challenge. The government needs to strike a balance between green ambitions and fiscal prudence. The finance ministry must ensure effective allocation and utilization of funds, address land acquisition hurdles for renewables projects, and create a conducive policy environment for private sector participation.

It is crucial to have a dynamic green finance framework. The development of dedicated green finance instruments like green bonds or climate-focused investment funds can attract private investments toward green initiatives. Leveraging innovative financing mechanisms, public-private partnerships, and carbon credits can bridge the gap.

Carbon market:

The much-talked-about national carbon market may get operational. This is the right step towards achieving India’s climate goals. This will no doubt encourage emission reduction efforts across industries as it gives financial incentives.

Continued actions:

We may see more focus on Green Technology Development with increased R&D funding. Green hydrogen, battery storage, and carbon capture and storage (CCS) can propel India’s technological leadership in climate action.

Green skilling:

There will undoubtedly be a mention of matching the industry demand for a skilled workforce in the upcoming budget. Investing in skilling and reskilling programs for green jobs would prepare the workforce which in turn will help the country transition to a green economy. In other words, it would guarantee a smooth and inclusive shift towards sustainable practices.

Greening the agri segment:

Agriculture, a major emitter, needs a green makeover. I expect budget allocation to support organic farming, natural farming, and precision agriculture technologies. In addition, water conservation technologies, irrigation efficiency improvements, and sustainable water management practices are also crucial for greening the agri sector. Focus on agri/rural waste management could further green the agricultural sector.

The RE push:

Scaling up renewable energy:  I anticipate that capital allocations for renewable energy (RE) projects will increase significantly. They are likely to surpass the Rs. 35,000 crores announced in the Budget 2023.  This could fuel solar, wind, and other renewable energy infrastructure development. This boost could be directed towards infrastructure development – green transmission corridors, smart meters, and R&D in emerging technologies like offshore wind and green hydrogen.

Expanding the Production-Linked Incentive (PLI) scheme for electrolyzer manufacturing would boost green hydrogen production, a vital element in India’s clean energy puzzle. This would incentivize domestic production of crucial components for green hydrogen generation.

Green mobility: More budgetary support is expected for the production of electric vehicles (EVs), the development of charging infrastructure, and battery storage solutions. This can involve the extension and expansion of existing EV purchase and production subsidies and tax breaks.

Sustainable public transportation may also get more focus. Transport projects like metro rail expansion and electric buses are the need of the hour.

Tomorrow’s budget has the potential to be a defining moment for India’s green journey. The government can put India on a fast track towards building a sustainable future. All eyes will be on the Finance Minister’s speech as we wait for her to set the path towards a greener tomorrow.


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Why Should Companies Prepare a Sustainability Report?

Renjini Liza Varghese


Globally, the pace of climate action is accelerating. More countries are enacting and embracing green mandates and tightening regulations. This pushes companies to reassess their operations and ensure their products meet evolving sustainability standards.

In this context, the value of a sustainability report gains traction. These reports serve as vital tools for companies to navigate the green landscape.

The conversations about the suitability report with industry stakeholders reveal new facts, that are sometimes eye-openers.

For instance, in the past few months, I have come across many interesting facts regarding the sustainability initiatives of large and mid-size organizations. Basis the companies’ sustainability initiatives and my observations, I am bracketing those into three key categories.

The three key categories:

Laid-back approach: These companies implemented sustainable practices early on but haven’t documented the impact, or claimed carbon credits, leaving potential value untapped.

The greenwashing dodger: Companies seeking easy shortcuts and using “greenwashing practices” as tightened regulations are sometimes a challenge.

Uninformed exporters: Many Indian MSMEs and SMBs, particularly exporters, are unaware of the changing global regulatory landscape, putting them at risk of being left behind.

Several survey reports have highlighted the above-mentioned reasons why Indian companies have missed out on crucial deals. Except for the top 1000 listed companies (by market capitalization), creating a sustainability or ESG report is not mandatory in the country. All the same, with increasing awareness, the time is right for companies to develop a sustainability report.

Let me list the 5 compelling benefits of creating a sustainability report.

1. Identify gaps and opportunities: A report acts as a mirror, reflecting your environmental, social, and governance (ESG) performance and helps set goals for future progress.

2. Future-proofing: Even if your company isn’t currently subject to ESG (Environmental, Social, and Governance) reporting regulations, an annual sustainability report makes future ESG reporting easier.

3. Carbon credits: By quantifying your environmental impact, you unlock the potential to claim valuable carbon credits, leading to financial benefits and compliance with some environmental regulations.

4. Transparency and trust: Openly communicating your sustainability effort fosters trust and strengthens relationships with stakeholders, including investors, customers, and employees.

5. Brand image and reputation: In today’s conscious consumer market, a strong sustainability report can significantly boost your brand image and attract environmentally conscious customers.

So, creating a sustainability report is no longer optional. It’s a strategic investment that unlocks numerous benefits, regardless of your company’s size or current regulatory obligations. This can secure a competitive edge for the companies and also unlock a multitude of benefits.

 


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Planetary Fever: Too Hot to Handle?

Renjini Liza Varghese


The earth is warming at a rapid pace. The year 2023 served as a blistering preview of what’s to come. Data from the Indian Meteorological Department (IMD) confirms that last year was the second-hottest in over a century (since 1901).

And the heat is not limited to the daytime. A recent study reveals a worrying trend: rising nighttime temperatures in Indian cities. The culprit? Surface urban heat islands (SUHIs). Delhi leads the pack with a 2-degree nocturnal increase, followed by Ahmedabad and Surat at 1.9 degrees, respectively.  It’s not just about rising temperatures but the impact of the volcanic heat on the lives of people and the environment.

Remember, 2023 wasn’t just toasty for India; it was the hottest year for the entire planet. Extreme weather events fueled a feverish Earth.

India alone saw nearly 3,000 reported climate deaths. And these are just the official numbers; unreported cases may paint a far starker picture. More than half of these deaths were caused by floods, landslides, and lightning, a reminder that nature’s wrath comes in many forms.

The fact draws home a heated argument: Limiting global temperature rise to 1.5 degrees Celsius seems improbable. But the world is reaching a reluctant consensus for below 2 degrees Celsius.

The massive earthquake in Japan, which triggered several more on New Year, is a wake-up call.

One may argue that Japan is earthquake-prone. But the intensity and frequency of these tremors raise alarm bells.

This grim reality leads us to a crucial crossroads: how do we build climate-ready communities? Is there a magic bullet?

Certainly NOT. But there is hope. By working together, we can invest in infrastructure that can withstand rising temperatures and extreme weather. We can educate and empower communities to cope with climate change risks. We can nurture green spaces that cool our cities and revitalize our planet.

So, while 2023 may have brought us planetary fever, let’s not succumb to the heat. Let’s rise to the challenge in 2024, and make it resilient, cooler and safer for all.


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8 policies that enabled climate action in India in 2023

Renjini Liza Varghese


The year 2023 saw India taking/tweaking policies across various sectors to fast-track climate action. Here is a list of the most relevant ones that marked the government’s intent toward climate action in the year:

1. National Electricity Plan 2023 (NEP 2023):
Adopted in May 2023, NEP aims to:
i. Set an ambitious target of adding 500 GW of non-fossil power capacity by 2030, including 311 GW of solar and 82 GW of wind
ii. Focuses on grid modernization and energy storage to integrate renewables effectively
iii. Reduce the carbon footprint of the power sector and promote clean energy transition

2. National Green Hydrogen Mission:
Launched in August 2023, the policy is aimed :
i. To produce 5 million tonnes of green hydrogen annually by 2030
ii. Increase investments in green hydrogen production, electrolyzer manufacturing, and research and development
iii. Aims to decarbonize industries like steel, refineries, and fertilizer production

3. Amended Energy Conservation Act:
Strengthened in July 2023, the act includes:

i. Stringent energy efficiency standards for appliances, buildings, and industries
ii. Mandatory energy audits for large energy consumers
iii. Incentives for adopting energy-efficient technologies
iv. Aims to reduce energy consumption and greenhouse gas emissions

4. National Mission on Sustainable Agriculture (NMSA) Revision:
The revised NMSA aims to:

i. Focus on sustainable agriculture, climate-resilient agriculture practices like crop diversification, soil health improvement, and water conservation
ii. Promotion of organic farming and low-carbon agricultural technologies
iii. Enhance food security and reduce agriculture’s carbon footprint

5. Electric vehicles (EVs):

The government of India continues to incentivize EV adoption through subsidies like production-linked incentives, the FAME-II schemes, and lower GST rates to boost EV adoption. Overall, the aim is to:

i. Accelerate India’s transition to clean mobility
ii. Reduce emissions from the transportation sector

6. Waste management:

Amendments to Plastic Waste Management Rules (April 2023), Extended Producer Responsibility for Used Oil (September 2023), E-Waste (Management) Rules (January 2023), and National Clean Air Programme (NCAP) aim to reduce pollution and promote a circular economy.
The amendments are aimed at:
i. Phase-out of single-use plastic items like carry bags, straws, and cups
ii. EPR for plastic packaging, making manufacturers responsible for collection and recycling
iii. Streamlined collection and recycling of e-waste through Producer Responsibility Organizations (PROs)
iv. Introduce take-back obligation for manufacturers
v. Prevent illegal dumping and ensure proper e-waste management
vi. Introduce EPR for lithium-ion batteries used in electric vehicles and other devices
vii. Mandatory collection and recycling of used batteries
viii. Prevent environmental pollution and ensure sustainable battery life cycle management
ix. Stricter emission standards for industries, vehicles, and power plants
x. Graded action plans for polluted cities to improve air quality
xi. Reduce air pollution and improve public health

7. National Water Mission:

The National Water Mission (NWM) aims to promote climate-resilient practices like:

i.  Water conservation
ii. Increase investments in rainwater harvesting and efficient irrigation systems
iii. Interlinking rivers and improving water quality
iv. Address water scarcity and ensure sustainable water management

8. Forest cover and conservation:
India saw improved forest cover in the current year due to initiatives like the CAMPA (Compensatory Afforestation Fund Management and Planning Authority).

India submitted its updated Second Biennial Update Report (BUR) to the UNFCCC in 2023, providing a comprehensive overview of its climate actions and emissions profile. This shows India’s focus on building transparency in climate reporting, which is crucial for international collaboration and accountability.

India’s commitment to climate action and a sustainable future is gaining momentum, though the full impact of these policies will take time to be realized.

Their effectiveness will depend on proper implementation, monitoring, and public participation. It’s crucial to stay informed and engaged in the fight for a greener future.


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Climate Action: The Power of One

Renjini Liza Varghese


The climate crisis is looming; climate action is the need of the hour. It is casting darker shadows that may be impossible to reverse. The headlines scream of melting glaciers, rising sea levels, and unprecedented heat waves, painting a picture of a future dictated by vast, systemic forces beyond our control. But amidst this despair, a quiet truth is emerging: change starts with us.

While pushing for policy changes and holding corporations accountable for climate action is crucial, it is essential to recognize the power of individual action. Every conscious choice, every deliberate step towards sustainability, has a ripple effect. It influences the course of a future in which our planet thrives.

Introspection, the First Step:

Let’s begin by turning the spotlight inward. Take a moment to honestly assess your lifestyle. How much energy do you consume? What kind of waste do you generate? Do single-use plastics litter your life, or do you embrace reusable alternatives? Does your wardrobe scream fast fashion?

This self-awareness isn’t about guilt; it’s about empowerment.

Small steps can lead to big impacts. Now, let’s ignite that determination.

Here are seven individual actions that have the potential to be a potent force for change:

i. Reduce, reuse, recycle: Swap plastic bags with reusable and recyclable options. Minimize waste by composting. Choose products with minimal packaging.

ii. Transportation: The power of two – walk, use a bicycle or public transport. Seemingly small choices, multiplied by millions, translate into into huge gains.

iii. Conscientious consumer: Invest in quality, long-lasting products that minimize waste.

iv. Energy efficiency: Switch to LED bulbs, unplug unused appliances, and invest in energy-efficient gadgets.

v. Kitchen revolution: Opt for local, seasonal produce, embrace plant-based meals, and reduce food waste. Every conscious bite counts.

vi. The power of your wallet: Support eco-friendly businesses that prioritize sustainability. Every purchase is a vote for the future you want to see.

vii. Be the change: Share your sustainable practices, and educate others about the climate crisis. Remember, you are not alone – a network of like-minded individuals, can illuminate the path towards a brighter future.

Beyond individual action:

The path to a sustainable future may seem daunting, but it’s paved with the power of individual action.

Let us not underestimate the power of individual action. Let’s rise to the challenge, not with despair, but with the unwavering belief that together, one by one, we can change the world. Remember, the journey towards a sustainable future begins with a single step, and that step starts with you. Each conscious choice we make, each step towards sustainability, is a pebble paving the path to a greener future.

What ripple effect do you want to create in the vast ocean of change? The choice is yours the power is in your hands!!!!


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10 Words that Shaped Climate Conversation in 2023

Renjini Liza Varghese


Climate conversations dominated the sustainability landscape in the year 2023. I want to share 10 words that shaped these dialogues. These words give a glimpse into the diverse and ever-evolving vocabulary of climate change.

Extreme Weather Events: Undoubtedly the most prominent term in 2023, it reflects the year’s increased frequency and intensity of hurricanes, heatwaves, droughts, and floods across the globe. This underscores the urgency of addressing climate change and building resilience in vulnerable communities.

Heat Dome: The term gained prominence due to its association with scorching temperatures and potentially hazardous conditions. It emphasizes the localized impact of climate change and the need for localized adaptation strategies.

Overshoot Scenario: This concept emerged as a potential future pathway, highlighting the possibility of temporarily exceeding the temperature target of 1.5°C before returning through rapid emission reductions. It emphasizes the importance of both short-term mitigation and long-term negative emissions technologies.

Phase Down: As a central theme of COP28, this term emphasizes a gradual transition away from fossil fuels and other high-emission activities. It provides a more realistic and manageable approach compared to an immediate phase-out.

The Loss and Damage Fund: COP28 also saw the establishment of a dedicated fund to address the negative impacts of climate change in vulnerable countries. This marks a significant step towards providing resources for adaptation and recovery.

Geoengineering: This controversial term saw increased debate in 2023, highlighting potential technological solutions like solar radiation reflection and large-scale carbon sequestration. It emphasizes the need for careful consideration of risks and ethical implications alongside mitigation efforts.

Degrowth: Offering a radical perspective, this concept advocates for moving beyond the current economic model of perpetual growth and towards a more sustainable approach based on resource conservation. It challenges the traditional paradigm and sparks debate about alternative economic systems.

Carbon Shadow: Serve as a sobering reminder of the long-term consequences of past and present emissions. It underscores the importance of immediate action to prevent further warming and highlights the need for both mitigation and adaptation strategies.

Planetary Boundaries: This concept identifies critical environmental thresholds like climate change and ocean acidification beyond which irreversible damage could occur. It provides a framework for understanding the interconnectedness of Earth’s systems and emphasizes the need for global action to stay within safe limits.

Ecocide: The concept gained traction as a potential crime against the environment, reflecting the growing concern about large-scale environmental destruction. It highlights the need for legal frameworks and international cooperation to protect ecosystems and safeguard our planet’s future.

These terms are now part of our daily conversations on climate change and climate action plans. In the last year, they have helped us to better comprehend the complex challenges and find potential solutions for climate action.


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Climate action: Adapting or Mitigating?

Renjini Liza Varghese


A crucial question recently struck me after a conversation with an industry expert: are we truly tackling climate change through mitigation, or are we merely adapting to its consequences?

While both perspectives have merit, the reality is unsettling – most current efforts lean heavily towards adaptation, a reactive approach to immediate and near-term crises.

This isn’t to downplay the importance of resilience. Responding to floods, droughts, and other climate events is vital. However, it shouldn’t overshadow the urgent need for proactive mitigation strategies. We must move beyond short-term fixes and implement a long-term vision with concrete deadlines. Sadly, COP28, which concluded in Dubai on December 8th, 2023, lacked this crucial element.

The gap in mitigation action stems from a confluence of factors. These include:

Data Gaps: While scientific evidence paints a clear picture of the climate crisis, we lack micro-geographical data for enabling communities to effectively prepare for local impacts.

Flawed Strategies: Many countries, regardless of their development status, have nominal mitigation plans riddled with loopholes that allow them to avoid accountability for missed targets.

Technological Lag: Despite efforts to develop climate prediction tools, a significant gap remains. Initiatives like India’s focus on precise climate forecasting for extreme weather events represent promising steps.

Unreliable Finance: While financial commitments are made, developed nations often fall short in mobilizing the necessary climate funds. The newly established “damage and loss” fund offers a glimmer of hope, but its scope is limited. Green funds, too, face challenges like greenwashing, making it difficult to track their actual utilization in mitigation efforts.

Implementation Delays: Reports before COP28 highlighted widespread lags in countries meeting their climate goals. A drastic course correction is needed, demanding a top-down approach that prioritizes community-level benefits while fostering global collaboration and joint action.

Bridging these gaps requires a multi-pronged approach:

  • Strengthening Green Initiatives: Investing in green technologies, renewable energy, and sustainable practices is essential.
  • Maximizing Green Funds: Effective allocation and utilization of these funds, along with robust monitoring mechanisms, is crucial.
  • Leveraging Native Knowledge: Indigenous communities hold invaluable knowledge about living in harmony with nature. Incorporating their wisdom can empower local adaptation and resilience.
  • Micro-data Driven Strategies: Focusing on acquiring and utilizing geospatial data will equip communities with the precise information they need to prepare for and manage local climate impacts.

Above all, we need a collective commitment to move beyond adaptation and embrace mitigation. I believe that the year 2024 will be a turning point, marked by the emergence of innovative technologies and a renewed focus on mitigation. Let’s work together to ensure that this year becomes a defining moment in our collective fight against climate change.


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2023: A Year Defined by Climate Change

Renjini Liza Varghese


The year 2023 can be defined in a single phrase: the year of climate change realization.

The veil of denial has lifted, revealing the stark reality of a warming planet and its devastating consequences. Communities, governments, and even individuals are finally waking up to the urgency of the climate crisis.

However, this realization remains just that—a realization. The necessary action, the translation of awareness into decisive steps, is still woefully lacking. We stand at the precipice of change, but instead of leaping, we seem content to tiptoe at the edge.

The blame for this inaction cannot be solely placed on the authorities. This is a collective crisis, requiring a collective solution. We, as humans, have a notoriously short memory and are quick to move on from the scars of one climate disaster to the other. We celebrate resilience when communities rebuild—mistaking it for a permanent solution instead of a temporary bandage on a gaping wound.

I think that the following 5 steps will enable us to prevent/tackle climate change.

1. Awareness: The crucial missing ingredient is widespread awareness. Apathy and ignorance remain formidable foes. We need robust efforts to educate and prepare communities for the inevitable onslaught of climate events. This requires accurate data, a scientific foundation that is still desperately lacking. Governments must prioritize data collection and analysis, building a solid platform for informed action.

2. Community Preparedness: Climate change is already displacing communities, and mass migrations are on the horizon. How do we navigate this complex challenge? Wisdom lies in learning from indigenous communities, who possess a deep understanding of living in harmony with nature. We must build upon their knowledge, promote circular economies, and create resilient communities that can withstand the blows of climate change.

3. Building and Rebuilding with Climate in Mind: Reconstruction after disasters must be done with a climate-resilient lens. Developed nations have a moral obligation to support this endeavor, providing resources and expertise. Sustainability, and not profit, must be the driving force behind rebuilding efforts.

4. Policy Alignment: Empty promises of green futures and resilient planets ring hollow when policies paint a different picture. Governments must bridge the gap between rhetoric and reality, aligning their policies with the urgency of the climate crisis. The future of our planet, and the lives of generations to come, depend on this alignment.

5. Affordable Technology: Technology is a powerful weapon in the fight against climate change. But its effectiveness hinges on affordability. Collaboration between governments, corporations, and the private sector is crucial to making climate-friendly technologies accessible to all. Additionally, data must be collected and utilized effectively to guide mitigation and implementation strategies.

The year 2023 was a year of realization, but it must be followed by a decade of action. We cannot afford to let this moment slip through our fingers. Let us turn awareness into action, collective apathy into collective responsibility, and build a future where our planet and its inhabitants can thrive, not just survive.

Let’s leave a GREEN LEGACY for our future generations!


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Localized Climate Data and Loss & Damage Fund critical

Renjini Liza Varghese


At the ongoing COP28,  I hope the countries align on the loss and damage (L&D) fund along with localized climate data. The escalating climate crisis has brought forth a pressing need for the fund.

As countries grapple with the mounting costs of climate-induced disasters, the fund is crucial to ensure global climate justice.

India, a nation particularly vulnerable to climate change, has witnessed a stark increase in climate disasters, with 2,923 climate disaster deaths, 92,000 animal deaths, and close to two million hectares of crops ruined in the first nine months of 2023 alone, as per a Centre for Science and Environment report. These figures highlight the devastating impact of climate change on livelihoods, infrastructure, and human life.

Recalling here, earlier studies have shown that women take the maximum hit of a climate disaster. It is seen that after a major climate incident, women are forced to take on the responsibility of rebuilding their lives.

Therefore, the L&D fund serves two basic purposes:

One, it is logical and practical. Developed nations, which have historically emitted far more greenhouse gases than developing nations, have a responsibility to help those who are most vulnerable to the impacts of climate change. The fund can be a tangible expression of this responsibility.

Second, it is a matter of justice and equity. Developing nations are bearing the brunt of the consequences of climate change, despite having contributed far less to the problem. A loss and damage fund can help to redress this injustice and ensure that all nations have the resources they need to cope with the climate crisis.

The true extent of the damage of climate change is even greater, as not all deaths and damages are accurately recorded. This is why there is a crucial need for local climate data. This will enable effective climate change adaptation and disaster preparedness. Accurate and localized data will also help authorities and communities to better understand the specific risks they face and make informed decisions to mitigate climate incidents

The L&D fund and the localized data are not just measures of climate justice but also investments for future resilience.

The time for action is now.

Climate crisis is not a future threat; but today’s reality!!!


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NIMS University Establishes Global Centre for Sustainable Development

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Jaipur-based NIMS University has established the Global Centre for Sustainability Development (GCSD). NIMS University is a state-private medical and technical university in Jaipur, Rajasthan, India, founded by Dr. B.S Tomar.

The University has adopted 10 goals from the UNSDGs as a start. These include:

  • No Poverty
  • Zero Hunger
  • Good Health and Well-Being
  • Quality Education
  • Gender Equality
  • Clean Water and Sanitation
  • Affordable and Clean Energy
  • Industry, Innovation, and Infrastructure
  • Climate Action
  • Life on Land

Each college within NIMS has crafted a detailed plan outlining three specific skills for employment generation. The aim is to empower individuals and provide them with the means to secure employment and financial stability.

For a start, NIMS is observing November as a No Poverty month. The focus is on poverty alleviation through village adoption, skill development for marginalized communities, and donation camps. These activities are part of the University’s vision to create a positive social impact and promote prosperity in all walks of life.

Professor (Dr) BS Tomar, Chairman and Chancellor, NIMS, said, “Our university is committed to leading the way in sustainable development. By adopting the SDGs, our students and faculty can make a real difference in the lives of individuals, communities, and the planet. We believe in the transformative powers of education, and sustainable innovation and invite you all to join us in this remarkable journey toward a clean and green environment.”

Prof. (Dr.) Sundeep Mishra, Vice-Chancellor, NIMS, addressed key issues such as climate change, ocean acidification, biodiversity loss, land use change, pollution, and freshwater depletion in global environmental issues. He underscored the food system’s substantial contribution to one-third of greenhouse gas emissions and 70% of global water use. He called for collective efforts to reduce greenhouse gas emissions, conserve resources, and promote sustainability.


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Climate Action Stalls: Only 14% of Companies Meeting Targets

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A new climate action report cautions about alarming trends in carbon emission initiatives by the corporate sector.

Just 14% of the companies reduced carbon emissions in line with the set targets over the past five years, reveals a new report. This is alarming as climate-related disasters intensify in frequency and severity, creating economic impact on communities and businesses.

Despite a responsibility to mitigate the crisis with emissions reductions in their operations and supply chains, companies have not made much progress over the past year. The new report by CO2 AI and Boston Consulting Group (BCG) is being released ahead of COP28.

Titled Why Some Companies Are Ahead in the Race to Net Zero, the study builds on CO2 AI and BCG’s 2021 and 2022 investigations into the progress that businesses worldwide have made on emissions measurement and reduction.

The two companies surveyed 1,850 executives responsible for emissions measurement, reporting, and reduction in their organizations across 18 major industries and 23 countries. Each organization surveyed had at least 1,000 employees and annual revenues ranging from $100 million to over $10 billion.

“There are encouraging signs of progress in measuring and reducing emissions, but businesses must redouble their efforts,” said Hubertus Meinecke, BCG’s global sustainability leader and a co-author of the study.

Highlights of the survey
  • Companies are falling short on reduction ambitions, citing a wide array of challenges
  • Companies have significantly improved partial measurement and reporting of Scope 3 emissions—up 19 percent since 2021, from 34% to 53%
  • Asia Pacific respondents improved comprehensive emissions reporting by 7 percentage points (PP) since 2021; South American and North American respondents improved Scopes 1 and 2 emissions reporting by 9 PP  and 5 PP, respectively.
  • On decarbonization, 40% of survey respondents estimated an annual benefit of at least $100 million to their business.
  • Within the next three years, 30% of companies plan to expand the deployment of AI-powered tools to improve accuracy, efficiency, and decision-making in emissions management.

“Businesses are increasingly acknowledging the transformative power of technologies and artificial intelligence in bridging the divide between their reduction ambitions and real, tangible impact,” said Charlotte Degot, CEO and Founder of CO2 AI and a co-author of the report.

Progress on Comprehensive Emissions Measurement Remains Slow

According to the survey, just 10% of companies now report comprehensively measuring all their emissions, revealing no improvement relative to the 2022 survey. More concerning, only 14% of companies report reducing emissions in line with their ambitions over the past five years, down 3 pp from 2022, citing difficult economic conditions and capital constraints as challenges to their reduction efforts.

However, companies that have made decarbonization progress are realizing both financial and non-financial benefits to their businesses, citing reputational value, lower operating costs, and regulatory compliance among the top benefits. When asked to quantify, 40% of respondents estimated an annual financial benefit of at least $100 million from meeting emissions reduction targets, a 3 pp increase compared with last year’s survey.

An Improvement in Scope 3 Emissions Measurement

The number of respondents indicating partial measurement and reporting of Scope 3 emissions has increased by 19 pp since 2021, from 34% to 53%. In tandem, more respondents said they had set Scope 3 reduction targets—up 12 pp since 2021, from 23% to 35%—with the most common areas of focus being waste management and purchased goods and services.

Some regions have demonstrated a clear improvement in comprehensive measurement of emissions in the past two years. Asia Pacific respondents improved comprehensive reporting of Scope 1 (direct emissions from company-owned and controlled resources), 2 (indirect emissions from the generation of purchased energy that an organization consumes), and 3 (indirect emissions that occur in the value chain of a company, including both upstream and downstream emissions) emissions by 7 pp since 2021. The number of South American and North American respondents improved comprehensively, reporting their internal emissions, Scopes 1 and 2, by 9 pp and 5 pp, respectively.

Four Traits of Companies Reducing Emissions in Line with Ambitions

Companies that report reducing their emissions in line with their ambitions were found to display four notable traits more strongly:

  • Collaborating with suppliers and customers on emissions measurement and reduction: 75% of companies that reduced emissions in line with their ambition have joint reduction initiatives with most of their suppliers, and 54% have similar initiatives with most of their customers.
  • Calculating emissions at the product level: The survey found that 75% of companies attempt to calculate emissions for at least some of their products “from cradle to gate,” that is, from raw materials to distribution.
  • Harnessing the power of digital technology in the emissions-management process: Companies with automated digital solutions for measurement are 2.5 times more likely to measure their emissions comprehensively. In addition, 30% of companies plan to expand the deployment of AI-powered tools within the next three years to improve accuracy, efficiency, and decision-making in emissions management.
  • Viewing Regulations Positively: They are 2.0 times more likely to view emissions-reporting regulations to be a key enabler of reduction.

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COP28, Climate action, G20 Presidency

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Indian G20 Presidency to Align Climate Action Outcomes with COP28

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The Indian G20 Presidency’s final stage will coincide with COP28, offering a unique chance to align its climate action outcomes with the COP28 agenda, according to Observer Research Foundation (ORF).

India and the UAE are prioritizing global climate action, promoting equitable green transitions, sustainable development, and inclusive growth. Consequently, India’s G20 presidency and UAE hosting COP28 are crucial for representing and elevating the Global South’s voices in global climate policy discourse.

The event will bring together global policy experts to discuss and propose solutions to issues slated for COP28 deliberations. The goal is to foster collaboration between these two forums to enhance global response to challenges preventing the swift and equitable advancement of climate action.

Thematic Pillars:

Energy Prosperity for All:
Global economies must prioritize energy equity and justice as they transition towards green and clean energy sources. The Indian G20 Presidency emphasized the need for modern, sustainable energy access, emphasizing the urgent need to address the trilemma of energy access, affordability, and sustainability.

Climate – Health – Gender Nexus:
The COP28 and India’s G20 presidency are focusing on the interplay of climate, health, and gender. Addressing climate change’s impact on vulnerable populations, especially in health outcomes and gender disparities, is crucial for effective climate action and sustainable development goals.

Climate and Technology:
Technological innovation is pivotal in tackling climate change and achieving the Sustainable Development Goals, ORF noted. The G20 promotes international cooperation, investment, and policy frameworks to expedite the adoption of climate-friendly technologies. Challenges in scaling up and deploying these technologies include securing financing, ensuring accessibility, and facilitating technology transfer to developing countries. COP negotiations are vital in promoting global technology transfer, safeguarding intellectual property rights, and enhancing capacity in developing nations.

Climate Finance:
Global climate finance currently lacks sufficient investments to support emerging and developing economies in pursuing net-zero trajectories. Moreover, the distribution of climate finance exhibits biases that put emerging and developing economies at a disadvantage. Climate finance primarily originates in the country of origin, with a significant portion allocated to mitigation efforts, while adaptation funding is disproportionately limited. Resolving these inequities is crucial for achieving feasible pathways for achieving the Paris Climate Targets.


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ESG

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Is ESG losing steam?

Sonal Desai


Is ESG losing steam?

Is ESG being pushed over to maintain profits? Are compliances being watered down for short-term gains? Though it is too early to conclude, indicators point in that direction.

Governments and corporates are finding it difficult to answer a blunt question: What and where is the impact of your ESG strategies?

Global compliance and regulatory mandates have made it possible for the stakeholders to report on the Environment and the Governance components. Where is the social component?

Our irresponsible behavior, utter disregard for the environment, and apathy toward the problems of fellow beings are leaving the planet in a quandary.

The impact is equally horrifying: unprecedented floods and heatwaves, melting glaciers, poverty, hunger, and displaced lives.

Global organizations led by the UN, the World Bank, the Asian Development Bank, and countries united on a common platform (Paris Agreement) to retain the temperature to 1.5-to-2 degrees C (pre-industrial period). UN SDGs, climate action, carbon capture and removal, renewable energy, and Net Zero are the new fashionable buzzwords. Or are they?

I am inspired by the daily reportage of ESG events, and governmental, NGO, and global initiatives to combat climate change. But I am also a bit confused with the on-the-ground signals.

For example, the number of naysayers or anti-ESG brigade is on the rise. Led by the West which is soft-landing ESG theories, the turnover has slowly percolated into Asia upward/downward.

Two things are tweaking the ESG story. One: Greenwashing and two: data and financial risk/security—the crux of any business SMB, MSME, large or multi-national. While data security has always been challenging for organizations, the new viruses stump the businesses worldwide. What is equally important to understand is: that data security laws, frameworks, and regulatory compliances are far more granular. They cover the end-to-end data security policies and practices including the human angle. Lack of compliance also has a far-reaching impact.

The ESG sector has yet to see that kind of whole-hearted and collective acceptance: across the sectors, across countries, across organizations, and end customers. Country-wise, each nation has its own set of regulatory compliances for ESG. Are they enough? For instance, one just has to look at the BRSR forms—they account for just box ticking. Or the recent EU Green Bond Standards which mandate EuGB holders to ensure 85% of the bond’s raised funds are used for taxonomy-compliant economic activities until the taxonomy framework is fully operational. The balance of 15% can be allocated to other economic activities as long as they clearly explain its
allocation.

Secondly, the impact of ESG needs to be properly documented. Instead of being a part of an exclusive club for the elite, who are busy voicing opinions on domestic and global platforms, the influencers must unite and play a proactive role. The need of the hour, according to me is to develop a strong community and bring ESG into the mainstream. Convey the impact in a manner that everyone can relate to. The narrative does not always have to be scary. If we are reporting about the deluge, let us also highlight the positives that effective ESG, sustainability, climate action strategies, and implementation can affect.

It is time, ESG is dusted off the silos and integrated into the mainstream. While arguments for and against continue, I want the voices, even constructive critics to be vocal about the change they want.

Meanwhile, here are some statistics to chew on:

The global ESG market is expected to quadruple from $7.7 billion in 2020 to $31.2 billion by 2030. Asia is expected to drive growth with ESG AUM expected to surpass $500B by 2025. Not to be left behind, India’s ESG market is predicted to constitute 34% of its domestic AUM by 2051, aligning with its goal of net-zero emissions.

ESG is real. ESG can be effective. It needs a collective effort…


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News

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20 Maharashtra Villages Benefit from HDFC Bank Climate Project

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Addressing water woes improves the overall quality of life and household income. The latest example is the Climate Change Adaptation Project of HDFC Bank in Jafrabad, Maharashtra. As per a media release, the HDFC Bank project has helped over 5,400 households fight water shortage.

The project, which was launched in October 2020, covered 20 villages in Jafrabad. It was aimed at helping the local people cope with adverse climate change vulnerabilities such as drought, heat waves, and erratic and intense rainfall patterns. These climatic variations lead to land degradation, water scarcity, and low crop yield directly affecting the livelihood of residents, especially the farmers.

The impact

  •  Average increase in water level by 4.88 ft.
  • Increase in agriculture productivity of 7,380 acres of agricultural land
  • Increase in the area under irrigation by 2,232 acres through an increase in water availability and water use efficiency
  • 1,500 acres of area brought under diversified farming systems (horticulture, agroforestry, mixed cropping, etc.)
  • 4,028 acres area protected from direct soil erosion
  • 520 acres of area brought under horticulture
  • Created 1,302 million litres of water harvesting potential
  • Increase in average annual household income of 1,628 HHs by 25%

Ms. Nusrat Pathan, Head CSR, HDFC Bank, said, “Our interventions have successfully built the farmer’s response capacity to become climate and market-compatible, while also improving their farm incomes and maintaining the integrity of the ecology.” She further added that the projects also addressed many important issues like Runoff Harvesting, Groundwater recharge, Soil protection and moisture retention, Micro irrigation, and other climate-resilient agriculture practices.”

The project took a multi-dimension approach with work in area treatment, horticulture, water resource development, nala deepening, micro irrigation system, automatic weather station, and pest and nutrient management demonstrations. Cumulatively, the project has helped enhance the lives of nearly all 25,000 village dwellers, the bank said.


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DEI

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India’s Women Reservation Bill: paying way for DEI?

Renjini Liza Varghese


As a sustainability warrior, I see the historic Women’s Reservation Bill passed by the Indian Parliament on September 20, 2023, as a pave blocker for the much-discussed DEI (diversity, Equity and Inclusion).

It is especially significant because it starts from the policy framing house.   

I stand by the voices that supported the Women’s Reservation Bill pending in the Parliament for the last 27 years. Introduced multiple times, the bill was first passed in the Rajya Sabha or the Upper House in 2010. It failed to be tabled in Lok Sabha and lapsed. The journey of this bill itself narrates the story of women empowerment in India.

Undoubtedly, we need women’s participation at all levels if we want to create a sustainable society. Women play a pivotal role in developing an ecosystem to protect Mother Nature.

Secondly, the rural-urban divide further fractures the participation of women in civil society. In India, the rural population is much larger than the urban population. Lack of economic opportunities force men to migrate to cities or metros. This lays bare the critical role women play in running the family, and front-ending initiatives for financial and food security, health and education, and water.

While government initiatives, self-help groups and groups are collectively working to uplift women, a few financial products are just not enough! The buck cannot stop here; more participation and inclusiveness are required. I am confident that ensuring 33% reservation through a bill at higher levels will further fuel the pace of women-centric initiatives that can have multilayer changes.

Climate mitigation initiatives mandate DEI. And because it is a compliance requirement (tick boxing), we have slowly started seeing changes with women getting prominence in roles, including at board levels or taking the lead in strategy, CSR or other initiatives in corporates. But the gaps are still visible. Somehow, I always felt it was not enough. How can we get more women to participate? I hope this bill also sets the required benchmarking for the corporates to integrate more women at all levels.


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SDGs

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15% SDGs on track due to climate change and extreme weather

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Halfway through meeting the 2030 Agenda for climate goals, the world is nowhere closer to meeting the objective. Climate change is causing global extreme weather events, with record temperatures causing global damage.

A new United in Science report by the World Meteorological Organization indicates that only 15% of the Sustainable Development Goals are on track due to climate change and extreme weather. According to the report, the 2030 Agenda’s half-time point indicates the planet is far from meeting its climate goals, hindering global efforts to address hunger, poverty, ill health, and improve access to clean water and energy.

The authors highlight the potential of weather, climate, and water sciences to enhance food and water security, clean energy, health, sustainable oceans, and resilient cities.

Data

Between 1970 and 2021, nearly 12,000 disasters resulting in over 2 million deaths and 4.3 trillion in economic losses occurred. Over 90% of these reported deaths and 60% of economic losses occurred in developing economies, undermining sustainable development. Rising global temperatures and extreme weather conditions are causing a 66% chance of global near-surface temperatures exceeding 1.5°C.

Fossil fuel CO2 emissions increased by 1% globally in 2022 compared to 2021 and preliminary estimates from January-June 2023 show a further 0.3% rise, the authors noted in the report. The Paris Agreement’s temperature goal requires a 30% and 45% reduction in global greenhouse gas emissions by 2030, with CO2 emissions close to net zero by 2050.

On the other hand, the report highlights the benefits of weather predictions, integrating epidemiology and climate information, and early-warning systems in boosting food production, reducing poverty, and preventing climate-sensitive diseases.

Require real-time forecasting

For example, how weather predictions help boost food production and move closer to zero hunger. Integrating epidemiology and climate information helps understand and anticipate those diseases sensitive to climate. And early-warning systems help to reduce poverty by giving people the chance to prepare and limit the impact.

UN Secretary-General António Guterres warns that the global response is inadequate, and science is crucial for solutions. He emphasizes the importance of weather, climate, and water-related sciences in achieving the Sustainable Development Goals.

WMO Secretary-General Prof. Petteri Taalas emphasizes the science community’s unity in achieving the SDGs, highlighting the potential of groundbreaking technologies like climate modelling and AI to transform and safeguard sustainable development.

“The science continues to show that we are not doing enough to lower emissions and meet the goals of the Paris Agreement – as the world prepares for the first global stocktake at COP28, we must increase our ambition and action, and we must all do the real work to transform our economies through a just transition to a sustainable future for people and planet,” said Inger Andersen, Executive Director of the UN Environment Program.


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Water Crisis

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Water crisis at the time of floods

Renjini Liza Varghese


In the last 30 days, we have seen floods in Hong Kong, Greece, Spain, India, Brazil, Bulgaria, Turkey, Oman, Guatemala, Mexico, Libya… The list continues.

While the world is busy pointing fingers at climate change, I am also noticing an alarming scare! Lack of potable drinking water in the climate disaster-affected areas. Take the case of Libya, for example. The death toll in the African country is reported to have crossed 11,000. What’s worse, the living face a severe potable water crisis.

Alarming data:

According to a UN SDG Indicator 2021 summary:

  • 2.3 billion people live in water-stressed countries
  • 26% of the world’s population lacked safely managed drinking water

According to UNICEF:

  1. Four billion people — almost 2/3 of the world’s population — experience severe water scarcity for at least one month each year.
  2. Half of the world’s population could live in areas facing water scarcity by 2025.
  3. Some 700 million people could be displaced by intense water scarcity by 2030.
  4. By 2040, roughly 1 in 4 children worldwide will be living in areas of extremely high water stress.

So far, the water crisis has been highlighted during droughts, dry spells and increased temperature levels. But drought is not the lone cause of water scarcity. Natural calamities, including floods, wipe out or contaminate water bodies and change water cycle patterns. The water scarcity in Libya is not an isolated case. The entire world will bear the brunt as the intensity and frequency of floods has increased.

Contextually, dramatic weather events over the last few years have brought about catastrophic changes in the lives of the people-especially at risk are women, children and vulnerable communities.

As per the UNICEF data, around 74% of natural disasters between 2001 and 2018 were water-related, including droughts and floods. The frequency and intensity of such events are only expected to increase with climate change.

And children bear the maximum brunt. “Water and sanitation-related diseases are one of the leading causes of death in children under 5 years old. Every day, over 1000 children under 5 years die from diseases linked to inadequate water, sanitation and hygiene,” the authors noted in the report.

The report further said that by 2040, almost 1 in 4 children will live in areas of extremely high water stress.

Yet another vulnerable sector, the women, also bear the impact. Historically, we have seen women struggling to fetch drinking water and water for hygiene and sanitation. When climate eventualities are on the rise, their struggles increase manifold. It is time we look at ways to address the water crisis.

Water and sanitation become very critical in a flood-affected area. Transporting potable water for daily use, reviving the water bodies and cleanzing the contaminated water infrastructure after a natural disaster is crucial. Till now, these were not the areas of focus. I think it is time for us to dig deep into this crisis and better manage our water resources.


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Climate change, Climate action,G20, SDGs

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Need to fast track Climate Action, Green Energy, SDGs: PM Modi

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Prime Minister Narendra Modi in his address as the G20 President called upon global leaders to unite to tackle climate change, foster policies for climate action, and fast-track SDGs.

The ethos reflected in his blog sums up his G20 Presidency.

SDGs:
The Prime Minister wrote, “An interconnected world means our challenges across domains are interlinked. This is the midway year of the 2030 Agenda and many are noting with great concern that the progress on SDGs is off-track. The G20 2023 Action Plan on accelerating progress on SDGs will spearhead the future direction of the G20 towards implementing SDGs.”

Climate action:
Many countries of the Global South are at various stages of development and climate action must be a complementary pursuit. Ambitions for climate action must be matched with actions on climate finance and the transfer of technology.

“We believe there is a need to move away from a purely restrictive attitude of what should not be done, to a more constructive attitude focusing on what can be done to fight climate change,” the PM observed.

Citing an example from India he noted,” Living in harmony with nature has been a norm since ancient times. We have been contributing our share towards climate action even in modern times. For example, the Chennai HLPs for a Sustainable and Resilient Blue Economy is focused on keeping our oceans healthy.”

Democratizing climate action is the best way to fuel the momentum. Just as individuals make daily decisions based on their long-term health, they can make lifestyle decisions based on the impact on the planet’s long-term health. Just like Yoga became a global mass movement for wellness, we have also nudged the world with Lifestyles for Sustainable Environment (LiFE), the PM wrote.

Climate change and food security:
Due to the impact of climate change, ensuring food and nutritional security will be crucial. Millets, or Shree Anna, can help with this while also boosting climate-smart agriculture. In the International Year of Millets, we have taken millets to global palates. The Deccan High-Level Principles on Food Security and Nutrition are also helpful in this direction, he stated.

Green energy:
On green energy, the PM observed that a global ecosystem for clean and green hydrogen will emerge from `our presidency’, along with a Green Hydrogen Innovation Centre. “In 2015, we launched the International Solar Alliance. Now, through the Global Biofuels Alliance, we will support the world to enable energy transitions in tune with the benefits of a circular economy.”

Women empowerment:
That India is the fastest-growing large economy is no accident. Our simple, scalable, and sustainable solutions have empowered the vulnerable and the marginalized to lead our development story. From space to sports, economy to entrepreneurship, Indian women have taken the lead in various sectors. They have shifted the narrative from the development of women to women-led development. Our G20 Presidency is working on bridging the gender digital divide, reducing labor force participation gaps, and enabling a larger role for women in leadership and decision-making.

Technology:
Technology is transformative but it also needs to be made inclusive. In the past, the benefits of technological advancements have not benefited all sections of society equally. Over the last few years, India has shown how technology can be leveraged to narrow inequalities, rather than widen them.

For instance, the billions across the world that remain unbanked, or lack digital identities, can be financially included through digital public infrastructure (DPI). The solutions we have built using our DPI have now been recognized globally. Now, through the G20, we will help developing countries adapt, build, and scale DPI to unlock the power of inclusive growth.

Inclusion:
In December 2022, when we took over the Presidency from Indonesia, I had written that a mindset shift must be catalyzed by the G20. This was especially needed in the context of mainstreaming the marginalized aspirations of developing countries, the Global South, and Africa.

The Voice of Global South Summit, which witnessed participation from 125 countries, was one of the foremost initiatives under our Presidency. Gathering inputs and ideas from the Global South was an important exercise. Further, our Presidency has not only seen the largest-ever participation from African countries but has also pushed for the inclusion of the African Union as a permanent member of the G20.

Today, accomplishing things at scale is a quality that is associated with India. The G20 Presidency is no exception. It has become a people-driven movement. Over 200 meetings have been organized in 60 Indian cities across the length and breadth of our nation, hosting nearly 100,000 delegates from 125 countries by the end of our term. No Presidency has ever encompassed such a vast and diverse geographical expanse.

Vasudhaiva Kutumbakam’ or the world is one family, captures a deep philosophy. This all-embracing outlook encourages us to progress as one universal family, transcending borders, languages, and ideologies. During India’s G20 Presidency, this has translated into a call for human-centric progress. As One Earth, we are coming together to nurture our planet. As One Family, we support each other in the pursuit of growth. And we move together towards a shared future – One Future – which is an undeniable truth in these interconnected times.

Three important learnings:

  • First, a growing realization about a shift away from a GDP-centric view of the world to a human-centric view is needed.
  • Second, the world is recognizing the importance of resilience and reliability in global supply chains.
  • Third, there is a collective call for boosting multilateralism through the reform of global institutions. Our G20 Presidency has played the role of a catalyst in these shifts.

Our G20 Presidency strives to bridge divides, dismantle barriers, and sow seeds of collaboration that nourish a world where unity prevails over discord in which shared destiny eclipses isolation. As the G20 President, we had pledged to make the global table larger, ensuring that every voice is heard and every country contributes. I am positive that we have matched our pledge with actions and outcomes.


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Blog

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G20 Presidency: will India lead climate action agenda?

Renjini Liza Varghese


All eyes are on New Delhi. The world leaders will meet in the Indian capital city to attend the 18th G20 summit. I also will keenly observe the discussions as green growth, climate finance, lifestyle, environment, and sustainable development goals (SDGs) top the agenda of the meeting.

While there is a lot of brouhaha for the meeting and the global sustainability community is looking at us with hawk eyes, I am a tad worried. That is because the climate ministers meeting held earlier this year in Goa did not heed much results. The reason—these ministers have limited authority to take action.

On the other hand, I am hopeful. The theme of India’s G20 Presidency: Vasudhaiva Kutumbakam, which translates to The World Is One Family, is inclusive. It includes all forms of life- humans, animals, plants, and microorganisms. Simply put, one can say it emphasizes maintaining an environmentally sustainable condition both at the individual and national level.

In the modern era, developments drive economies and cannot be sidelined. But these developments can be accelerated with transformative actions that are based on environmentally friendly actions that are cleaner and greener. For which we need the political leadership to take that focused actions that are impact-driven and not just lip service. That also means quick actions and result-oriented actions with timelines set for short, medium and long-term goals.

Returning to the agenda set for September 9 and 10, 2023, the core objective of the summit is to join hands at the G20 level for strong economic growth.

However, the agenda also includes the following

  •  Advancing green growth, climate finance, and quality of life
  •  Expediting progress towards the sustainable development goals (SDGs), which is a welcome relief.

Let us consider what India witnessed during the monsoon season this year, August recorded the highest temperatures in different parts of the country. As a sustainability and climate action warrior, I would expect the countries to come up with quick action points. And India will create a leadership model to drive the climate action agenda. I hope it is not the usual summit to another summit ball rolling event.


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Climate Disaster

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Urgent Action: Red Cross Battles Climate Crisis Impact

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The American Red Cross has launched an ambitious strategy in response to the growing climate crisis, which is seriously disrupting people’s lives and communities due to the frequency and intensity of extreme weather events around the world. In order to successfully respond to the rise in climate-related disasters, the organisation is quickly strengthening its disaster response capabilities across the country and modifying its services.

In comparison to a decade earlier, the American Red Cross is today dealing with over twice as many significant disasters within the United States.

The American Red Cross’s President and CEO, Gail McGovern, emphasised the group’s unique ability to provide aid to people threatened by climate-related severe weather. McGovern stated that the changing environment indicates a humanitarian crisis for the towns and people they serve.  “I can tell you firsthand that our changing climate is a humanitarian crisis for the communities and people we serve, and as fast as we are working to adapt, the needs are escalating faster. There is no time to wait.”

Climate catastrophe

The Red Cross is expected to devote at least $1 billion to programmes tackling the climate catastrophe in the following years. These programmes cover a wide range of activities, such as disaster assistance, the creation of innovative worldwide programmes centred on climate response and preparedness, as well as sustainability measures meant to lessen the organization’s environmental effect. Surprisingly, these initiatives are taking place at the same time as the Red Cross’s disaster relief activities and preparations for the impending Idalia hurricane, which is currently headed towards the Gulf Coast.

The country saw an unprecedented total of 15 disasters in the first half of 2023, each costing a billion dollars or more. These included deadly tornadoes in the South and Midwest and destructive atmospheric rivers in California. These occurrences were accompanied by an increase in high heat, which culminated in July being recorded as the hottest month in recorded history of the nation. In addition, the United States is already entering the typical hurricane and wildfire season.

The Red Cross’s president and chief executive officer, Gail McGovern, said, “Not too long ago, our responses were planned around seasonal trends – hurricane season, wildfire season, storm season. These seasons, though, have changed drastically. The Red Cross is now actively tackling calamities brought on by climate change.”

Furthermore, the frontline communities are being disproportionately affected by the climate disaster, leaving them vulnerable and exposed. The risk of poverty is increasing for low-income individuals and families, the elderly, diverse communities, and people with disabilities as a result of these ongoing catastrophes. Additionally, they struggle with heightened barriers to receiving help for continuing housing, hunger, and health-related issues. Additionally, compared to other communities, these ones frequently experience lengthier durations of displacement when forced to leave their homes due to calamities.

To ensure its ability to provide fair, compassionate, and thoughtful assistance to those affected by disasters, the Red Cross is undertaking this transformative project and making a support appeal.


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COP28

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COP28 Unveils Innovative Global Accountability and Inclusivity Program

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The two-week theme agenda for the conference has been unveiled by the UAE Presidency of COP28 and is aligned with four key goals in addition to the ongoing negotiation process and the crucial Global Stocktake response.

COP28 UAE, which is slated to take place at Expo City Dubai from November 30 to December 12, will concentrate its efforts on advancing a just, orderly and equitable energy transition; fixing climate finance; putting nature, lives and livelihoods at the heart of climate action; and mobilizing for the most inclusive COP.

The two-week thematic programme was developed in collaboration with stakeholders, including civil society, NGOs, youth, and Indigenous Peoples, to ignite action and enact policy, financial, and technological remedies. The effort included a six-week transparent consultation period where stakeholders were invited to offer suggestions on the theme domains and their arrangement. The COP Presidency made a ground-breaking decision with this strategy, being the first time such a participative endeavour has been undertaken.

Highlights

  • COP28 UAE Presidency will host critical climate talks alongside an ambitious and inclusive two-week thematic program.
  • An official program designed following COP28 President-Designate’s global listening and engagement tour and strategic vision and plan announcement at MoCA in July.
  • COP28 program to include first-ever days dedicated to Health/Relief, Recovery, Peace, and Trade and Multilevel Action/Urbanization.
  • The thematic program will run in both the Blue and Green Zones.

The event will kick off with a rousing two-day World Climate Action Summit and feature the official debut of the Global Stocktake response to world leaders. During this summit, the COP Presidency will vigorously seek pledges and guarantee accountability. The programme is further enhanced with special days that are themed and designed to address critical global concerns.

COP28 will set aside a day for discussions focused on Health, Relief, Recovery, and Peace in a first for COP conferences. Notably, one of the highlights of this theme day will be a high-level ministerial on climate health. In addition, COP28 will be the first to combine trade and finance discussions, highlighting its all-encompassing strategy. To coordinate efforts for sustainable cities that are cleaner, greener, and safer for both the present and future generations, the conference serves as a unique forum that brings together leaders from all levels of government and society.

An inclusive process that prioritizes frontline communities underpins each of the fortnight’s theme days. The conversations will focus on how finance, technology, and innovation can work together to create significant solutions.

Key themes and events:

  • November 30: COP28 UAE opens to the world at Expo City, Dubai.
  • 1-2 December: World Climate Action Summit
  • December 3: Health/Relief, Recovery, and Peace
  • December 4: Finance/Trade/Gender Equality/Accountability
  • December 5: Energy and Industry / Just Transition / Indigenous Peoples 
  • December 6: Multilevel Action, Urbanization, and Built Environment/Transport
  • December 7: Rest Day
  • December 8: Youth, Children, Education, and Skills
  • December 9: Nature, Land Use, and Oceans
  • December 10: Food, Agriculture, and Water
  • 11-12 December: Final Negotiations

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GHG emissions

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India enroute to reduce 45% emissions by 2030

Sonal Desai


According to a Third National Communication (TNC) report, India’s greenhouse emissions, emitted for every unit increase of gross domestic product (GDP) – fell by 33% from 2005 to 2019.

The rise in RE generation and increase in forest cover will enable India to reduce emissions intensity by 45% from the 2005 level by 2030—the country’s commitment to the United Nations Convention on Climate Change (UNFCCC).

“The entire world is grappling with climate change. India has shown the way to combat it,” Prime Minister Narendra Modi said in his address to the nation from the Red Fort on the 77th Independence Day.

SDGs addressed:

  • 13 Climate Action
  • 13.2 Integrate climate change into national policies, planning
  • 13.b Build capacity for climate change planning, management

The target:
India has set a target to reduce:
The carbon intensity of its economy by at least 45 percent by 2030
Reduce the total projected carbon emissions by one billion metric tons through 2030
Achieve the target of net zero by 2070.

The task:
India must eliminate coal by 2040 and reduce emissions by 2030 to meet 1.5°C temperature limit; 2023-24 budget includes clean energy projects.

The National Action Plan on Climate Change (NAPCC), which includes missions in particular areas of solar energy, energy efficiency, water, sustainable agriculture, Himalayan ecosystem, sustainable habitat, green India, and strategic knowledge for climate change

The initiatives:
The National Adaptation Fund for Climate Change (NAFCC): To support adaptation efforts in States and Union Territories, with 30 projects approved in 27 states and UTs.

ISA: To promote solar energy utilisation and facilitate cooperation among solar-rich countries.

CDRI: To enhance infrastructure resilience in natural and man-made disasters by collaborating governments, organizations, and experts on strategies, policies, and technologies.

Leadership Group for Industry Transition (LeadIT): For voluntary low carbon transition of sectors that are difficult to reduce carbon emission

The International Big Cat Alliance: To protect and conserve seven major big cats – tiger, lion, leopard, snow leopard, puma, jaguar and cheetah globally.

New initiatives under CDRI and ISA, such as Infrastructure for Resilient Island States (IRIS) and Green Grids Initiative—One Sun One World One Grid (GGI-OSOWOG), were also introduced at COP26 in Glasgow in November 2021.

Conclusion:
India has been successful in adopting renewable energy. At present, it has a 160GW of RE capacity in its energy mix which is 40% of the total installed capacity. The country to reach the nether capacity is aggressive in RE capacity addition. The target is to achieve 500GW from RE by 2030. Going by the reduction scene in emissions, the RE capacity will help further lower the country’s emissions!


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Climate change: Impacts women more?

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Among the many effects of rapid climate change, women are finding it harder to manage their domestic responsibilities—like cleaning, cooking, gathering resources—and caring for the elderly as well as their children, noted authors of the Observer Research Foundation.

While the impact of climate change on women the world over is the same, the Rajiv Gandhi University (RGU) and the Women & child development department, Government of Arunachal Pradesh (GoAP), recently signed an MoU to study the impact on women of the hilly state.

The MoU aims to promote equitable gender roles and responsibilities in climate-resilient community resource management, protecting vulnerable communities like women and children, and ensuring distributive justice in the Pakke Tiger Reserve 2047 Declaration.

Professor Saket Kushwaha, vice chancellor of RGU, expressed confidence that the MoU will be action-oriented and productive because the area chosen for the research is solely for the good of Arunachal Pradesh, which actually focuses and intends to conduct it under the Panch-Dhara strategies.

RGU registrar Dr N T Rikam said that the objectives based on the MoU will yield its desired results and will be mutually beneficial for both organizations.

The impact of climate change on women has gained significance over the recent past. For instance, in an article on Five Reasons Why Climate Action Needs Women, the United Nations Climate Change pointed out that women often face higher risks and greater burdens from the impacts of climate change in situations of poverty and due to existing roles, responsibilities and cultural norms.

For example, in many societies, women are responsible for household energy, food, water and care for the young and elderly. Particularly in developing countries, the consequences of climate change can increase the burden for women and girls, for example, causing them to travel further to obtain daily supplies, leaving less time for paid work and potentially exposing them to greater risk to their personal safety, UNFCC said in the report.


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Leadership, political will & affordability required to address Climate

Renjini Liza Varghese


An Amazon delivery boy jumped into the customer’s pool to beat the heat. To many, this may present a comical respite. But for me, the incident highlights the severity of heatwaves in California and the reality of the impact of severe changes in climate and temperature on the human race.

The current last week is a case in point. As we inch toward the weekend, we have witnessed havoc caused by the heavy downpour in Asia including India, the hottest summer in many European countries, the heatwave in the US, etc.  No, I am not going to dive deep into the damage or to the data in this blog. But I want to draw your attention to a joint statement by the UN Climate Change Executive Secretary Simon Stiell and COP28 President-Designate Dr Sultan Al Jaber at the G20 Energy Ministerial in Goa last Friday (21 July 2023).

The crux is “align action and political will going forward towards the common goal of closing the gaps across all of the pillars of the Paris Agreement and get on track to keep 1.5C within reach.”

No doubt the leadership by the G20 is Indispensable in climate action as the G20 countries are responsible for 85% of the world’s GDP, and also 80% of the world’s emissions.

This means we all know what is required to transition towards a net-zero economy. But apprehension about the benefits, growth, fear of diminishing profits/market share, and so on keeps people and enterprises away from real action.  I am of the view that the tide can be turned. What is required is a firm political will combined with corporate actions. I am not saying, there is no action, but more needs to be done as the TIME TO ACT IS NOW.

As a part of the sustainability community, I believe that sustainable development and a climate-resilient world come with great benefits for growth, poverty eradication and more. It just needs a collective will.

Discussions around climate change and climate action dominate the world today. But statements such as the one reproduced below ring alarming bells.

“While the discussions at the G20 Energy Ministerial considered energy transition and aligning current pathways with the Paris Goals, the outcome did not provide a sufficiently clear signal for transforming global energy systems, scaling up renewable and clean energy sources and responsibly phasing down fossil fuels.”

The fact is that climate change is hitting the human race hard. And the ‘climate vulnerable’ are looking at these leaderships to take decisive actions.

But I am still hopeful as the same statement also spoke about a more focused approach. “The science demands a strong mitigation outcome at COP28 that drives a significant reduction in greenhouse gas emissions and builds on the progress of previous COPs. We call on the G20 to lead the way on the basis of both science and equity, laying the path to a strong and credible outcome that provides developing countries with the basis to undertake a just transition.”

I hope at the end of COP28 we have more concrete actions committed, combined with a stronger political will from across the globe that is purpose-driven than just a thought for benefits or profits.


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A natural response to counteract man-made disasters

Renjini Liza Varghese


In recent times, humanity has found itself in an incessant battle against the wrath of natural calamities, exacerbated by the escalating impacts of climate change and global warming. Heart-wrenching scenes from various corners of the globe, including India, the United States, Japan, and China, have inundated news outlets over the past couple of weeks. As the adage goes, it often takes a severe impact to provoke genuine concern. However, this year’s natural disasters have surpassed that threshold, compelling us to reflect and take climate action before it is too late.

Sadly, it may already be too late. Had the human race paused and taken sustainable measures earlier, we might have averted the dangerous consequences and climatic volatility we face today. Experts, drawing from historical data, warn that the intensity of disasters may further escalate in the future. I share this belief wholeheartedly.

The pressing question becomes:

How can we limit the impact of these natural disasters and address the underlying issues of sustainability?

Is our collective memory so short-lived that we forget the urgency once we emerge from the aftermath of a calamity?

Do we prefer to remain ignorant or wait for administrative intervention?

What heartens me is witnessing the changing mindset among my peers. Many now openly question whether we are leaving a habitable planet for future generations. Our childhoods were characterized by cleaner surroundings, greener landscapes, and abundant water resources. Today, these natural treasures have become scarce due to climate change and unsustainable practices.

Cloud bursts, torrential rains, floods, landslides, and soaring temperatures experienced during heat waves—I dare to believe that these events are nature’s way of curbing the man-made disasters we have inflicted upon Mother Nature. They serve as a stark reminder of the urgent need for global sustainability efforts, climate action, and a commitment to combat climate change.

I rest my case here!

I am eager to participate in constructive conversations and contribute to meaningful change towards a sustainable future.


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Need urgent action to embed impact of climate action into risk management

Sonal Desai


The climate scenario models in the financial services industry (FSI) significantly underestimate climate risk.

A new report from the Institute and Faculty of Actuaries (IFoA) created in partnership with the University of Exeter has found that the threat that climate change poses to our planet and society is not always reflected in the economic models that support climate scenario modeling in the financial services sector.

Titled, The Emperor’s New Climate Scenarios, the report calls for a need for urgent action to embed the impact of climate action into risk management. The authors point out several disconnects between the climate scientists, economists, those building models and model users in financial services.

Findings:
Some current scenarios could have limited use as they do not adequately communicate the level of risk if we fail to decarbonise quickly enough, the authors note in the report.

Current techniques exclude many of the most severe effects of climate change, like sea level rise, heat waves, and climate tipping points like the loss of Arctic sea ice or the Greenland ice sheet. They also exclude second-order effects on human society, like civil unrest and forced mass migration, which could have a big economic impact.

The report also highlights the uncertainty in carbon budgets, where there is a wide error margin, meaning there is a risk that ‘net zero’ carbon budgets may already be exhausted.

The report proposes a way forward to make a more realistic assessment of climate risk, which would show significant economic damage above 2°C of warming.

The way forward:
As well as providing detailed analysis of these challenges around climate scenario modelling, the report recommends ways to move forward:
1. Education on the assumptions underpinning the models and their limitations
2. Development of realistic qualitative and quantitative climate scenarios
3. Model development required to better capture risk drivers, uncertainties, and impacts

Author’s notes:
Professor Tim Lenton, from the University of Exeter, said, “We have identified a variety of positive tipping points in human societies that can propel rapid decarbonisation. We need the support of the capital and insurance markets to achieve this, and actuaries have an important contribution to make.”

Sandy Trust, Lead author and Past-Chair, IFoA Sustainability Board, said, “A fact still poorly understood in financial services is that there is considerable uncertainty in Earth system modelling, which has profound implications. Carbon budgets have high error margins and could now be negative for a temperature goal of 1.5°C. All of which reinforces the need to urgently reduce emissions by accelerating socio-economic tipping points, remove greenhouse gases from the atmosphere and repair broken parts of the climate system.”


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When will the dry spell end?

Renjini Liza Varghese


Every conversation in Mumbai now revolves around the prolonged summer, delayed monsoon, and water scarcity. The list does not stop here. Escalating temperatures over the past few years, and the intensifying heat with each passing day add to the woes.

I find myself joining the chorus, albeit with a slightly different perspective. I would like to draw your attention to the pattern of electricity consumption.

Now, before anyone reaches for their metaphorical daggers in defence, I agree that our per capita electricity consumption is considerably lower than that of our global counterparts. There is certainly room for improvement, and it is expected that the numbers can/will double sooner than later.

I would like to emphasise that my observations are solely based on my personal consumption patterns and are not drawn from any external sources. Over the past few years, I have noticed a considerable jump in my electricity usage. Allow me to provide an example for better understanding. In 2013, my monthly consumption stood at approximately 120 units. By 2017, it had risen to over 250 units, and now, in 2023, it exceeds 600 units. I wonder why, the number of electrical appliances remained the same, on the contrary, it was replaced with more energy efficient ones. The number of ACs has gone up by 1 more unit. I personally believe this increase is not solely attributed to the addition of an extra air conditioner.

Can somebody explain the reason for this noticeable increase in my electricity consumption?

I believe that the impact of climate change has compelled us to run fans round the clock, resulting in higher energy usage. Additionally, household air conditioners, which used to operate for an average of 12 hours per day, now run for around 20 hours. Now what is worrying me is, as we further embrace electric vehicles, consumption is likely to escalate even more. I must mention that I am a strong advocate of electric vehicle adoption in India.

It is evident that the root cause is the visible impact of climate change. The question then becomes: how can we effectively tackle this issue? For many, being part of the climate mitigation plan is in vogue, but are we truly doing enough? Are there sufficient narratives in place to create the necessary awareness? It is crucial that we collectively take steps towards addressing this challenge and not lose sight of the difficulties we face during the summer season once the monsoon arrives.

 

 


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Plastiglomerate or plastic rock hybrid found on Indian shores

Renjini Liza Varghese


India made headlines with the recent discovery of a new type of rock known as “plastic rock hybrid” or plastiglomerate. The rock is composed of sand, rock fragments, shells, and other debris held together by plastic waste.

A group of marine geologists discovered the rock on the shores of Andaman during a routine round. This is the first time such a discovery has been made in the country and it is proof of the long-term impact of plastic pollution on the environment.

The discovery of plastiglomerate on the shores of Andaman is concerning. It sounds warning bells for all of us to reduce plastic consumption, recycle and thereby, decrease plastic waste.

Plastic pollution has become a major environmental concern in recent years, especially in coastal areas. The Andaman Islands are known for their pristine beaches and marine biodiversity. The presence of plastiglomerate is a grim reminder that even the remotest areas of the planet are not immune to plastic pollution.

The formation of plastiglomerate is a relatively new phenomenon, and it is believed to be the result of a combination of factors, including the heat of beach fires, melting plastic, and the weight of other materials pressing down on the plastic. The new formations raise concern because they can persist in the environment for hundreds of years and can impact the ecosystem and subsequent value chain.

The latest discovery on the shores of Andaman highlights the need for urgent action to address plastic pollution. We must reduce the amount of plastic waste and improve the recycling infrastructure. In addition, we need to raise awareness about the impact of plastic pollution and encourage individuals and businesses to take action to reduce their plastic footprint.


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How different is CSR from ESG or BRSR?

Renjini Liza Varghese


In recent years, Environmental, Social, and Governance (ESG) considerations have gained traction among corporate boardrooms in India. ESG is increasingly becoming a critical aspect of board discussions as companies realize that compliance with ESG frameworks can significantly impact their long-term growth and sustainability.

Don’t CSR activities cover for ESG? How different is BRSR reporting from BRR? Is it really going to affect my organization as the size is comparatively smaller? 

These are some of the frequent questions that come my way during my preliminary interactions with organizations that consult me for ESG. Through a series of articles, I will try and clarify the doubts. What I have realized is, awareness in terms of narratives will play a crucial part in shaping the NET ZERO journey. 

Today, I want to touch upon the CSR vs ESG topic. 

CSR or ESG? 

Firstly, it is important to understand the difference between CSR (Corporate Social Responsibility) and ESG. CSR is the voluntary commitment by companies to contribute to society, while ESG factors a broader range of issues such as climate change, human rights, supply chain management, and diversity and inclusion. While CSR initiatives are crucial for companies, they do not necessarily cover all aspects of ESG. On the other hand, ESG is essential in assessing a company’s overall sustainability.

It is essential to note that ESG discussions in the boardroom are not about philanthropy or charity. Instead, ESG considerations are strategic decisions that can impact a company’s long-term success. In recent years, CXOs (Chief Executive Officers, Chief Financial Officers, and Chief Operating Officers) have come to recognize the potential risks associated with ESG and are taking a proactive role in managing them. They understand that ESG issues can impact their company’s reputation, financial performance, and shareholder value. As a result, the visibility of ESG discussions at the CXO level has significantly increased.

In particular, the Sustainability Officer or Chief Sustainability Officer (CSO) role is gaining prominence in the boardroom. The CSO is responsible for overseeing the company’s ESG initiatives and ensuring they align with its overall business strategy. The CSO provides a vital link between the board and the company’s ESG objectives and ensures that ESG considerations are integrated into the company’s decision-making processes.

 Another meaningful change in the boardroom is the increased transparency and accountability regarding ESG issues. Companies are now disclosing more information about their ESG initiatives in their annual reports, sustainability reports, and other public disclosures. This increased transparency allows stakeholders to evaluate a company’s ESG performance and hold it accountable for its actions.

I will come back soon with my POV on BRR Vs BRSR. Soon! 

 

 


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