Climate Change Current Affairs - 2020

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European Investment Bank to stop Fossil Fuel Funding by 2021

The European Investment Bank is to stop funding oil and coal projects at the end of 2021. Since 2013, the European Union through the bank has funded 13.4 billion Euros for fossil fuel projects. In 2018, it was around 2 billion Euros. The Union has been reducing its funding to fossil fuel projects and is stopping by 2021.


  • The EIB’s new policy demands that the energy projects applying for funding must prove that they can produce 1 Kilo watt hour of energy emitting less than 250 grams of carbon dioxide.
  • The new rules being adopted are not applicable to gas-based energy projects. However, gas projects should be based on the norms set by the bank for “new technologies”. The “new technologies” include carbon capture, combining heat and power generation, mixing in renewable gases with fossil fuels, etc.
  • The exemptions are made on gas projects as they are common in the EU member states. For the next 5 years, EU has over 200 billion USD worth projects planned.

EU aims to become first carbon-neutral continent by 2050.

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LANCET Report on Health and Climate Change, 2019

On November 13, 2019, the Lancet journal published report on “Health and Climate Change, 2019.” The Lancet Countdown on Health and Climate Change is a comprehensive yearly analysis that tracks the progress across 41 indicators. The project is a collaboration of 120 experts from premier institutions all over the world including WHO and World Bank.

Highlights of the report: India

  • In India, diarrheal infections were the major cause of child mortality
  • The average yield potential of rice and maize in the country declined by 2% since 1960s
  • The average yield potential of winter wheat and soybean has declined by 1%
  • Due to increased sea level, there will be rise in infections like gastroentitis, cholera, etc. The climate suitability for Vibro bacteria that causes Cholera will increase the disease by 3% as compared to 1980s
  • Malnutrition is the responsible for two-thirds of deaths under five

Highlights of the report: World

  • Climate Change threats to fisheries and aquaculture according to the report are as follows
    • Sea-level rise
    • Sea surface temperature rise
    • Ocean Acidification
    • Intense and Frequent extreme weather events
  • Mortality due to Dengue will increase globally
  • WBGT (Wet Bulb Globe Temperature measurement): WBGT is the measure of heat stress that takes into account humidity, temperature, wind speed, cloud cover and sun angle.
    • The report warned according to WBGT that 22 billion additional hours of work will be lost due to extreme heat.

The temperature rise will lead to productivity loss at 0.8 to 5%.

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