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Search resuls for: "Nita Bhalla"


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☆ EU seeks better alignment with global sustainability rules
  + stars: | 2022-11-03 | by ( Huw Jones | Nita Bhalla | ) www.reuters.com   time to read: +2 min
LONDON, Nov 3 (Reuters) - The European Union sought on Thursday to reassure international companies it would seek to align its sustainability disclosure rules with a global initiative, after warnings from regulators over fragmenting capital markets. The International Sustainability Standards Board (ISSB) is writing global baseline standards for corporate disclosures on climate for use in non-EU countries such as Britain, while the United States is working on its own disclosure rules. "We want to see as much alignment as possible with the work of the International Sustainability Standards Board, even though as I have said Europe is likely to go further and faster to meet our more higher ambitions on climate," McGuinness said. She is moving to the next stage of the EU's green plans by assessing how best to encourage sustainable retail lending for small firms and households. "With the support of the European Banking Authority, we are examining what needs to be done to promote the growth of green loans and green mortgages," McGuinness said.
☆ In Spain's La Rioja, old vines could future-proof wine against climate change
  + stars: | 2022-11-03 | by ( Joan Faus Vincent West | Joan Faus | Vincent West | ) www.reuters.com   time to read: +6 min
That means vineyards - which have for centuries transplanted cuttings to ensure robust and flavourful fruit - are now looking for grape types that are more resistant to climate change. It has determined that vines aged 35 years and older appear to cope better with climate change because they are more genetically diverse. The lab's ultimate goal is to ensure winemakers plant specific vines proven to be "more adaptable to climate change conditions", said Carbonell. "We are very worried about climate change," said Iñigo Torres, director of Grupo Rioja, an association representing 60 wineries that together account for 80% of sales. The grapevines were transplanted after being carefully selected from another vineyard where RODA studies the behaviour of old vines - some up to 110 years old.
☆ World falling short on funding for climate adaptation - UN report
  + stars: | 2022-11-03 | by ( Gloria Dickie | Joan Faus | Vincent West | ) www.reuters.com   time to read: +3 min
LONDON, Nov 3 (Reuters) - The world is falling far short at rounding up money to help struggling nations adapt to the increasingly dangerous impacts of climate change, according to a report released Thursday. Current international finance flowing to developing countries is between 5 and 10 times below what is needed, the United Nations Environment Programme report said. "It's time for a global climate adaptation overhaul," said United Nations secretary-general Antonio Guterres in a media statement, noting he had asked green climate funds to work with public and private financiers to pilot a new accelerator for adaptation investment. The accelerator will help financiers work with developing countries to invest in their adaptation priorities and specific projects. At the U.N. climate summit in Glasgow last year, developed countries agreed to double support for adaptation financing to $40 billion per year by 2025.
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