India lost 3 times more money than the country 's defence budget due to carbon emissions
India lost 3 times more money than the country 's defence budget due to carbon emissions
India lost 3 times more money than the country 's defence budget due to carbon emissions
Todays Environmental News Highlights
( Sr. Journalist, environmentalist & strategic communications expert)
India lost 3 times more money than the country 's defence budget due to carbon emissions from thermal sector.
In a first-of-its-kind attempt, researchers have developed a data quantifying the social cost of carbon (SCC) for nearly 200 countries., as reported by TOI. According to this new international research India’s economic loss from carbon dioxide emissions at Rs6,235 per ton. The country’s carbon emissions from thermal sector alone was 929 million tons in the last fiscal year. This amounts to an unbelievable loss of nearly Rs5.8 lakh crores in 2017-18, which is almost three times this year’s defence budget.
A sense of urgency to tackle climate change
Leaders at this year's U.N. General Assembly are feeling a sense of urgency to keep up the momentum on combating climate change With global temperatures rising, superstorms taking their deadly toll and a year-end deadline to firm up the Paris climate deal.
Macron: France to Reject Trade Deals from Countries that Reject Paris Climate Accord
French President Emmanuel Macron declared Tuesday in a fiery speech at the United Nations General Assembly that France would no longer accept "commercial agreements" with countries that do not "respect" the Paris climate accord.
259 gigawatts capacity of new Thermal Power Plants are under development in China.
Coal Swarm study says government attempts to cancel many plants have failed in china and 259 gigawatts new coal capacity is under development there. The authors say this is the same capacity to produce electricity as the entire US coal fleet.
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