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CSIR Turns on the Climate Clock

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The climate clock is ticking in India.

The CSIR installed India’s largest climate clock at its headquarters for Earth Day celebrations, aiming to raise public awareness about climate change’s harmful effects.

The climate clock provides real-time data on global temperature increases, indicating irreversible consequences if they exceed 1.5°C. It also tracks the deadline for achieving zero emissions and the lifelines for key solution pathways, providing crucial global data.

The Intergovernmental Panel on Climate Change (IPCC) warns that global warming beyond 1.5°C will pose a significant threat to over 3 billion people in highly vulnerable areas.

Amid a Climate Emergency, immediate action is crucial to prevent catastrophic climate impacts. The next 7 years offer the best opportunity for transformational global economic changes.

Prof. Chetan Singh Solanki, founder of the Energy Swaraj Foundation, emphasized the need for energy literacy among citizens to minimize energy usage.

Dr. Shailesh Nayak, former Earth Science Secretary and Director of the National Institute of Advanced Studies, delivered a lecture on triggered earthquakes in Koyna, part of the CSIR AMRIT program aimed at gaining insights from top scientists.

Dr. N Kalaiselvi, DG-CSIR, emphasized environmental protection on Earth Day, stating that many CSIR scientists and employees completed Energy Literacy Training and installed Climate Swaraj Foundation-supplied climate clocks in labs.

 


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NABARD Unveils Climate Strategy 2030

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NABARD has made a major advancement in sustainable development.

Shaji K V, Chairman, NABARD, released the company’s Climate Strategy 2030 document on Earth Day. The goal of this plan is to meet India’s growing demand for green financing.

Despite the urgent need—India alone needs about $170 billion a year to reach over $2.5 trillion in total by 2030. The current inflows of green finance are woefully inadequate. India received only a small portion of the required green financing, approximately $49 billion, as of 2019–20. Only $5 billion was set aside for adaptation and resilience, with the majority of funds designated for mitigation. This indicates that the private sector has not engaged in these areas because of difficulties with bankability and commercial viability.

To meet this need, NABARD’s Climate Strategy 2030 is organized around four main pillars:
(i) Quickening the pace of green lending across industries
(ii) Expanding One’s Market-Making Capabilities
(iii) NABARD’s Internal Green Transformation
(iv) Strategic Resource Allocation

This strategic move positions NABARD as a key actor in India’s transition to a resilient and sustainable economy while also reaffirming the organization’s commitment to environmental stewardship, the company said in a press release.


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