Most underrated risk to Indian economy– climate catastrophe!
The RBI says India risks losing 4.5% of GDP by 2030 due to extreme-weather events. It is widely recognised that cost of climate inaction would be far greater than cost of climate action
The RBI says India risks losing 4.5% of GDP by 2030 due to extreme-weather events. It is widely recognised that cost of climate inaction would be far greater than cost of climate action
A coalition comprising more than 80 countries, including the United States, the European Union, and small island nations, advocates for pact at COP28 that incorporates to "phase out" fossil fuels.
The report says that shifting to a more energy-efficient pathway could lead to a substantial reduction in the expected carbon-di-oxide levels over the next 20 years.
Emerging markets as a whole need to invest an additional $94.8 trillion to transition in time to meet long-term global warming targets, says study.
India has systems in place to move towards green energy, but gaping holes in infrastructure; dependency on fossil fuels is a huge deterrent in that shift, amidst burgeoning global warming levels.
As countries continue to battle Covid-19, the World Economic Forum warns that disease, livelihood, inequality, and climate crisis will become more acute in the present decade.
Errant voices irked by the impassioned rhetoric of Greta Thunberg have started to pipe up questioning climate change in India. But climate change has already hit the Indian economy badly.