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India wants compensation for climate damages by rich nations

Bloomberg India is seeking payment for the losses caused by climate disasters, its environment ministry said while laying out the country’s positions on critical issues that will be negotiated at the United Nations’ COP26 climate summit in the coming weeks. “Our ask is this: there should be a compensation for expenses incurred, and it should be borne by developed nations,” ...

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SK plans to cut carbon emissions by 2030

Bloomberg South Korean conglomerate SK Group plans to reduce carbon emissions by 200 million tons by 2030, as it increases investments in green technologies. The company will initially cut 50 million tons of emissions through enhancing efficiency in its processes and purchasing renewable energy, Chairman Chey Tae-won was quoted as saying in a statement. SK will also invest more than ...

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Manufacturers don’t have a demand problem yet

The supply chain has huffed and puffed, but it hasn’t knocked industrial demand down — at least not yet. A dangerous combination of logistics logjams, widespread parts shortages, hiring difficulties and rising inflation had threatened to make this earnings season a particularly ugly one for the manufacturing sector. Those pressures are real; they’re taking a bite out of margins and ...

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