By fully meeting the national targets they set under the Paris Agreement, South Asian countries can unlock $3.4 trillion of climate-smart investment opportunities, according to Climate Investment Opportunities in South Asia, a new report by IFC. South Asia has among the highest economic growth rates in the world and represents a little over 7 percent of…

Businesses in India are increasingly focusing on setting emissions reduction and renewable energy targets, an analysis by Carbon Disclosure Project India has revealed. According to CDP’s latest report released on October 24, three Indian companies – Infosys Limited, Tata Motors Limited and Dalmia Cement (Bharat) Limited have committed to 100% renewable power and joined the…

A study on the impact of climate change by the International Monetary Fund, or IMF, shows countries in the tropics will be the worst affected as a result of global warming. “For the median emerging market economy, a 1°C increase from a temperature of 22°C lowers growth in the same year by 0.9 percentage point,”…

India reaffirmed its commitment to the landmark Paris climate change agreement, saying it is willing to “work above and beyond” the pact to reduce greenhouse gas emissions. External affairs minister Sushma Swaraj, during a UN ‘Leadership Summit on Environment Pact’, said that India had been at the forefront of the debate on environment and development. Her…

In South Asia, a region of deep poverty where one-fifth of the world’s people live, new research suggests that by the end of this century climate change could lead to summer heat waves with levels of heat and humidity that exceed what humans can survive without protection. There is still time to avert such severe…

An MIT study published in Nature Climate Change finds that the Indian summer monsoons, which bring rainfall to the country each year between June and September, have strengthened in the last 15 years over north central India. This heightened monsoon activity has reversed a 50-year drying period during which the monsoon season brought relatively little rain to northern and…

Climate change would bring devastating consequences to countries in the Pacific and Asia, a new report today warned and said Southern India may witness a decline in rice yeilds by five percent in 2030s. Unabated climate change could severely affect the future growth of these countries, reverse current development gains, and degrade quality of life,…

India on Saturday joined 18 other G-20 members to strongly support the fight against global warming during the final agreement by the leaders of the Group of 20 economic powers at combating climate change. By terming the Paris climate deal as “irreversible”, India said that it remains committed on the issue of climate change “as per its own…

On June 3, two days after President Trump announced that the United States would withdraw from the Paris climate accord, Indian Prime Minister Narendra Modi exchanged a hug with French President Emmanuel Macron during an official visit to Paris. Modi and Macron pledged to achieve emissions reductions beyond their nations’ commitments under the Paris Agreement,…

US President Donald Trump’s decision to withdraw from the Paris Agreement will not affect India’s plans towards clean energy, environmentalists said on the day the BJP-led government re-affirmed commitment to tackle climate change “irrespective of what other countries do”. Environment Minister Harsh Vardhan said on Friday that India would continue to ensure it did its…