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Your Climate Action Diary - 22

Year 2022 • Week 34 • Anushthatri Sharma
Hi,

Hope you are well ?!

While journaling in preparation for this week's newsletter, we could not help but notice the noise around the new developments coming in from China, USA and India. To put things to perspective, note that China, USA and India are the largest emitters of carbon dioxide & other greenhouse gases - totally 53% of the global emission leading to climate change, each year.

Please feel free to write to us at : [email protected]. We love hearing from you; and receiving feedbacks.

Stay Safe,

Harish,
Team OnePointFive Tribe

As Record Heatwave Take Toll, China Uses Cloud-Seeding Planes & Reduces Electricity Use

China is trying to alleviate power shortages and bring more water to the drought-hit basin of the Yangtze river. China's heatwave has run for 64 days, making it the longest since full records began in 1961. The country has repeatedly warned that it might face a proliferation of extreme weather events as it tries to adapt to climate change and rising temperatures.

Energy Conservation (Amendment) Bill 2022: A Roadmap for Achieving India's Climate Targets

The lower house of the Parliament of India (Lok Sabha) passed Energy Conservation (Amendment) Bill 2022. The bill focuses on energy transition, favouring renewable energy sources and green hydrogen. It adheres to the 5 points climate-action strategy presented by the Indian PM during CoP26 to the UN Framework Convention on Climate Change in 2021.

US Climate Bill’s Subsidy Bonanza Gives New Allure to Carbon Capture

US companies that cut carbon emissions could qualify for subsidies under new climate legislation. New regime will offer a tax credit of $85 for every metric ton of carbon emissions captured from a smokestack and stored-up 70% from current levels. It could lead to a wave of investment in green technologies.

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