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Environment

Factbox-What are the loopholes in the COP28 climate deal?

By Valerie Volcovici (Reuters) - Nations struck a historic deal on Wednesday at the COP28 climate summit in Dubai to transition the global economy away from fossil fuels. But some delegations and

Italy’s De Nora plans to halve greenhouse gas emissions by 2030

(Reuters) - Italian electrode maker Industrie De Nora plans to halve its greenhouse gas emissions in the next seven years, the group said on Thursday as it released its sustainability plan to 2030.

Analysis-COP28 deal welcomed by businesses seeking climate clarity

By Simon Jessop and Tommy Wilkes DUBAI/LONDON (Reuters) - This week's landmark climate deal at COP28 will only help accelerate efforts to green the global economy if it is backed up with deeper shifts

El Nino conditions to continue through Northern Hemisphere winter- US forecaster

(Reuters) - There is a 60% chance of El Nino continuing through the Northern Hemisphere winter, with a transition to ENSO-neutral favored during April-June 2024, a U.S. government weather forecaster

Climate-tech firm Climeworks to sell carbon credits to BCG

By Peter Henderson SAN FRANCISCO (Reuters) - Carbon capture startup Climeworks said it has agreed to sell 80,000 metric tons of carbon credits to Boston Consulting Group (BCG) over 15 years, its

Glencore’s prized Canadian coal mines come with rising environmental scrutiny

By Nia Williams and Divya Rajagopal (Reuters) - A Glencore-led consortium's successful $9 billion bid for Teck Resources' steelmaking coal unit could face tougher environmental clean-up obligations,

Exclusive-US regulator probes banks’ climate risk planning

By Isla Binnie and Chris Prentice (Reuters) - The U.S. Treasury Department's Office of the Comptroller of the Currency (OCC) carried out its first climate risk assessment of more than two dozen banks

Swedish greenhouse gases up 7% in 2022 due to Nord Stream leak

STOCKHOLM (Reuters) - The major gas leak last year in the Baltic Sea from the sabotaged Nord Stream pipeline caused Sweden's annual territorial greenhouse gas emissions to rise, by 7%, the

Iraq has reservations over an item in COP28’s final deal – statement

DUBAI (Reuters) - Iraq has reservations over an item in the final COP28 deal that restricts its capabilities to work "to implement its commitments to the Iraqi people and national interests",

Cold wave grips northern China, south bracing for big chill

By Bernard Orr and Ryan Woo BEIJING (Reuters) -Cold weather gripped large swathes of China on Thursday, with sharp falls in temperature expected over the next two days, particularly in the south,

On Camera

Hormuz crisis won’t replace the dollar with yuan. De-dollarisation is a myth

Recent data does not support any dramatic shift away from the dollar. As per IMF, the share of international transactions conducted in dollars has declined from 56.90% to 56.77%.

Haryana’s new industrial policy in the works, but industry says old problems remain unsolved

Increase in employment subsidy, Rs 500 crore for estate revamp, new townships in pipeline—but land cost, power breakdowns and inspector raj top among key worries for industry leaders.

Military pushes for private participation in space, more Indian satellites. ‘Can’t rely on single entity’ 

CDS Anil Chauhan says future space capability will not be built by government agencies alone. ‘It will be co-developed with industry, start-ups, and technology innovators’.

Trump, Netanyahu’s Iran gamble: The regime change rebound

American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.