Hello, 

Hope you're doing well!

In the recent 2-weeks, alarming developments have underscored the accelerating impacts of climate change. 

For the record, Antarctic sea ice has reached its second lowest extent on record, while vegetation is rapidly increasing, signaling profound shifts. In the U.S., emergency crews are overwhelmed by unprecedented simultaneous disasters, and reinsurers brace for historic losses. at the face of on-going climate disaster.

In fact, on a separate-but-related issue, the European Central Bank has now warned banks of fines for inadequate climate risk management. 

But all was not gloom during this period. Besides our top-3 climate developments listed below, we had BPCL & Mumbai Port Authority deciding to launch India’s first green fuel ecosystem & ONGC (India) collaborating with ISRO to track methane leaks via satellites. In Japan, the largest business lobby is now advocating for nuclear power expansion, & Germany's forests have started to transform into carbon sources. 

However, like most bi-weeklies, this one too saw bad-players eroding trust in climate solution by their actions. This time around we saw a "carbon-offset" pioneer facing charges for a $100 million fraud scheme.

It does raise the question, if climate solution can ever be deployed globally without downside of capitalism's greed. What do you think about it ?

Harish

(Team OnePointFive)