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Business, government joining hands to tackle climate change a force for good

Money Control

Money Control · 11m ago

Business, government joining hands to tackle climate change a force for good

Climate change will greatly affect urban areas, and local governments must be prepared for an influx of people from rural areas. Extreme weather events have long been a concern, and while global and national bodies have made promises, it is non-profits and focused groups that are taking the lead in creating new policies. However, there appears to be a shift as businesses and investors are starting to recognize the importance of addressing climate change and not just focusing on profit.

Related News

Most people globally support ‘Whatever It Takes’ to limit climate change

Gizmodo

Gizmodo · 1y ago

Most people globally support ‘Whatever It Takes’ to limit climate change

A survey conducted by Potential Energy, the Yale Program on Climate Change Communication, and other organizations reveals that 78% of people around the world believe it is essential to take necessary actions to limit the effects of climate change. The survey, the largest of its kind, found that messages focusing on protecting the planet for future generations were 12 times more effective than other options. However, while there is broad support for government action on climate change, enthusiasm wanes when it comes to specific policies such as phasing out fossil fuels and ending subsidies for polluters.

India’s entrepreneurial system will not lose from generative AI entry

Economic Times

Economic Times · 1y ago

India’s entrepreneurial system will not lose from generative AI entry

Michael Spence, Nobel Prize winner in Economics, stated that India's entrepreneurial ecosystem is well-equipped to tackle the challenges of generative AI and is unlikely to be left behind. He believes that Western economies will not gain significantly more than developing nations in the transition to AI. While the West faces productivity issues and labor shortages, India is growing at a high rate with significant potential. Spence also highlighted the increasing awareness and recognition of challenges like climate change and the importance of aligning business strategies with social and environmental goals.

Tech startups innovate to snuff out wildfires

Economic Times

Economic Times · 11m ago

Tech startups innovate to snuff out wildfires

In California, the threat of wildfires is increasing due to climate change and forest mismanagement. As a result, dozens of startups are developing technology to tackle this challenge. One such company is Kodama Systems, which has hacked into a skidder used for logging and turned it into a remote-controlled machine that uses lidar to map forests and operate semi-autonomously. Another example is BurnBot, a robot that ignites controlled burns to prevent larger wildfires. These startups are backed by climate-minded investors and are aiming to address the urgent need for fuel treatment and fire prevention in the state.

Exxon Sues Two ESG Investors

Livemint

Livemint · 1y ago

Exxon Sues Two ESG Investors

Exxon Mobil has filed a federal lawsuit against sustainable investment firms Arjuna Capital and Follow This to prevent them from presenting a shareholder proposal that would require the oil company to further reduce its greenhouse-gas emissions and address customer emissions. The lawsuit accuses the investment firms of seeking to interfere with Exxon's existing business and force it to alter its product offerings. This legal action is taking place amidst growing opposition to ESG (environmental, social, and governance) investing and increased scrutiny of shareholder proposals related to climate change.

DeepMind Wants to Use AI to Solve the Climate Crisis

Wired · 1y ago

DeepMind Wants to Use AI to Solve the Climate Crisis

DeepMind, the Google-owned AI lab, is using its AI expertise to address climate change in three ways: understanding climate change through better models for prediction and monitoring, optimizing current systems and infrastructure, and accelerating breakthrough science. AI's role in addressing climate change includes helping with mitigation, adaptation, addressing loss and damage, biodiversity, ecology, and more. However, access to data and collaboration with domain experts are crucial roadblocks that need to be overcome. DeepMind believes that AI, when wielded effectively, can be a transformative tool in solving climate change problems at scale.

Through heat waves and rain fury, businesses navigate climate change

Livemint

Livemint · 1y ago

Through heat waves and rain fury, businesses navigate climate change

Corporations in Mumbai are adapting their contingency plans due to the increasing impact of climate change, such as heatwaves, heavy rainfall, and floods. One business house had to change the flights of its global team due to heavy rains in Dubai. E-commerce and food delivery companies in India, including Flipkart, Amazon, and Zomato, are taking steps to protect their delivery workforce during heatwaves. Recruitment firms are also facing challenges in getting workforce during extreme weather conditions. Climate change also affects consumer firms, like Nestlé, which predicts a reduction in suitable coffee growing areas.

India's startups ready to tackle global challenges, innovate on emerging technologies: Piyush Goyal

Economic Times

Economic Times · 7m ago

India's startups ready to tackle global challenges, innovate on emerging technologies: Piyush Goyal

Indian startups are poised to tackle global challenges and innovate in emerging technologies, according to Commerce Minister Piyush Goyal. Speaking at the Startup Mahakumbh event, Goyal emphasized the willingness of young entrepreneurs to adopt and enhance new technologies, contributing to climate change solutions. Despite slower risk capital funding, domestic investors are increasingly supporting startups, aligning with the Startup India vision. Sanjay Nayar highlighted the government's allocation to SIDBI to foster venture capital, emphasizing self-reliance over foreign investment.

How Indian Pharma Is Building a Sustainability Framework for a Greener Future

OutlookIndia

OutlookIndia · 3m ago

How Indian Pharma Is Building a Sustainability Framework for a Greener Future

The Indian pharmaceutical industry remains a cornerstone of India’s economy, with a projected growth of 12.2% CAGR (2024-2032) and a projected market value of $ 156.25 billion by 2032. As the industry evolves to tackle complex global challenges, organisations are increasingly recognising the need to change their ‘business as usual’ approach and adopt sustainability as a strategic imperative.

China's ecommerce platforms not doing enough on climate: Greenpeace

Economic Times

Economic Times · 1y ago

China's ecommerce platforms not doing enough on climate: Greenpeace

China's top ecommerce platforms, including Pinduoduo, Kuaishou, and Douyin, are not doing enough to promote sustainability and combat climate change, according to a report by Greenpeace. The report ranked Alibaba as the best performer, with a strategy to engage and enable users and businesses in climate change response. Pinduoduo received a negative score for making no progress on environmental protection, including climate change, waste management, and biodiversity. Kuaishou and Douyin were found to have prohibited products on their platforms despite taking some action.

Why the COP30 climate summit's success is crucial for India and BRICS countries

Livemint

Livemint · 1m ago

Why the COP30 climate summit's success is crucial for India and BRICS countries

The COP30 climate summit, to be held in Belém, Brazil, is crucial for BRICS nations, including India and Brazil. The summit's success is vital for addressing climate change responsibilities among member countries, especially amid growing international tensions. The importance is emphasized for the Global South, highlighting the poor health of India's forests and the urgent need for climate funding. Insights and updates on this are covered in the Climate Change & You newsletter.

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