Climate, Environment, Renewable Energy

More US industries depend on weather tracking

International News       Apr 01, 2019

  Every uptick in wind speed along the Gulf of Mexico shoreline is of enormous interest to Mike Eilts.   Eilts, senior vice president for weather at DTN, a Minnesota-based analytics firm, knows that an unexpected cold front in Louisiana, nudged southward by a jet stream unsettled...

AT&T is using models to prepare for natural disaster costs

International News       Mar 29, 2019

  AT&T paid Argonne $375,000 to model flooding, hurricane and wind storms at the neighborhood level in Florida, Georgia, North Carolina and South Carolina, according to Charlene Lake, the company’s chief sustainability officer and senior vice president for public affairs.   She said the next step is...

NYC Mayor proposes $10B plan to flood-proof Manhattan as Climate Risk grows

International News       Mar 15, 2019

  New York Mayor Bill de Blasio proposed a $10 billion plan to push out the lower Manhattan coastline as much as 500 feet, or two city blocks, to protect from flooding that’s expected to become more frequent as global temperatures rise.   The project would protect...

Tata Motors’ JLR recalls 44,000 cars over CO2 emission levels

International News       Mar 14, 2019

  LONDON: Tata Motors owned Jaguar Land Rover (JLR) has initiated a voluntary recall of around 44,000 cars in the UK over higher than certified levels of carbon dioxide (CO2) emissions.   The UK-based luxury car-maker said on Thursday that it will contact the owners of the...

Only 4% green buildings in India due to lack of expertise, funding: Survey

Indian News       Mar 10, 2019

New Delhi: About four per cent of buildings in India are "green" but a lack of technical expertise to execute projects and funding to pay for improvements remain the biggest barriers to investment, according to a new study.   Green building is the practice of creating...

World's biggest sovereign wealth fund to decide on dumping oil

International News       Mar 08, 2019

Norway will announce on Friday whether its sovereign wealth fund, which is the world's biggest and has been fuelled by petrodollars, will divest its oil and gas holdings in a decision keenly awaited by climate activists.   While the decision is said to be based solely...

Munich Re's innovative coverage for battery performance in renewable energy

International News       Mar 07, 2019

  Munich:  With  innovative Munich Re coverage extended for the renewable energy, battery performance now is insurable.   Munich Re has issued the World’s first long-term insurance for battery performance that  covers manufacturer performance warranties for 10 years   The new coverage allows battery manufacturers to insure their...

Supreme Court limits International Groups’ immunity for commercial activity in U.S.

International News       Mar 01, 2019

  The U.S. Supreme Court opened some American-based international organizations to lawsuits, ruling that a World Bank affiliate must defend against allegations it is responsible for environmental damage caused by a power plant in India.   Voting 7-1 on Wednesday, the court said sovereign immunity doesn’t protect...

Insurer Group warns on property losses due to Climate Change

International News       Feb 27, 2019

  Insurers are increasingly worried that rising temperatures will lead to a slump in property values that could spark broader financial turmoil   Those were the conclusions a group run out of the University of Cambridge including some of the world’s biggest insurers. In a report published...

Insurance not enough to offset financial risks of climate change, analysts say

International News       Feb 22, 2019

   LONDON:  From homeowners facing higher flood insurance premiums to investors putting money into coal-fired power plants, financial risks related to climate change are growing, analysts say.   But working out how a switch to lower-carbon train travel could affect an airline, or what an insurance firm...

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