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Development bank climate finance spending hit $66 bln in 2020 – report

by AIP Online Bureau | Jul 1, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

LONDON: Spending on climate finance by eight of the world's major multilateral development banks rose to $66 billion in 2020 from $61.6 billion in 2019, with the majority committed to poorer countries, a report on Wednesday said. A total $38 billion, or 58%, of...

Boom, bust and bewildered: Bitcoin’s year so far

by AIP Online Bureau | Jul 1, 2021 | Eco/Invest/Demography, International News

  LONDON: If you're a bitcoin investor, your nerves may have taken quite a pounding in 2021. The cryptocurrency's journey towards the investment and commercial mainstream has gathered pace, with major financial firms and companies embracing the emerging...

Delta variant spread in US prompts reconsideration of precautions: Dr Fauci

by AIP Online Bureau | Jul 1, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

  Washington: The highly contagious Delta variant of the coronavirus is the greatest threat to the United States' attempt to eradicate COVID-19, White House chief medical adviser Anthony Fauci said on Wednesday. During a broadcast interview, the head of the...

Floods may be nearly as important as droughts for future carbon accounting

by AIP Online Bureau | Jul 1, 2021 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

In a global analysis of vegetation over more than three decades, Stanford University researchers found that photosynthesis — the process by which plants take up carbon dioxide from the atmosphere- was primarily influenced by floods and heavy rainfall nearly as...

India’s life insurance industry to reach $98.5bn in 2024, forecasts GlobalData

by AIP Online Bureau | Jul 1, 2021 | Eco/Invest/Demography, Indian News, Life

  Singapore: The life insurance industry in India is projected to grow from INR5.7 trillion (US$81.4bn) in 2019 to INR8.0 trillion (US$98.5bn) in 2024, in terms of gross written premium (GWP), according to GlobalData, a leading data, and analytics company....
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