The 2022 drought resulted in €5.6 billion in direct and indirect...
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Climate, Environment, Renewable Energy
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Climate change driving extreme rainfall in Himalayas, anthropogenic factors adding to risk: Govt
Minister of State for Home Affairs Nityanand Rai said assessments...
Changing Hazards:Benign H1 2026 masks rising natural catastrophe risk, finds Swiss Re
Wildfire risk has so far accounted for only a relatively small...
Climate change made ‘fire-prone’ weather conditions more likely in Spain and France, scientists say
“We’ve seen repeatedly how climate change increases hot, dry, flammable conditions that are extremely conducive to wildfires," said Clair Barnes, a research associate in extreme weather at Imperial College London, who co-authored the WWA analysis. BRUSSELS:...
French and Spanish firefighters battle wildfires for a sixth consecutive day
Spain’s fires were fueled by a combination of weather, mainly because the country suffered three heat waves between June and mid-July, depleting soil moisture, along with denser-than-usual vegetation following an unseasonably rainy winter. Similar reasons are being...
Emerging markets stare at inflation risks as powerful El Niño looms
Emerging markets are particularly vulnerable as households spend a larger share of their income on food, and agriculture plays a big role in their economies, raising the risk that central banks will have to keep policy tighter for longer. Emerging economies already...
Record-low Danube levels expose shipwrecks
Danube levels fell to record lows this week in Croatia and Serbia, exposing hundreds of square kilometers of sand banks, following the summer’s prolonged heatwaves and drought that have affected waterways across Europe. Dozens of boats in a marina in Serbia’s northern...
Why El Niño’s promise of quieter Hurricane Season may not be good news for insurers
“All it takes is one landfalling hurricane to create an insured loss of a magnitude we’ve never seen before … And that could absolutely happen in an El Niño year,” said Kimberly Roberts, advisory leader of North American peril at reinsurance broker Guy Carpenter For...
NGT tissues notice to Centre, others over worsening condition of Asia’s largest oxbow lake in Bihar
The bench said the lake, which once covered around 63 sq km, has gradually fragmented into smaller water bodies due to falling water levels and encroachment.It said the matter attracts the provisions of the Environment Act, Biodiversity Act and the Water Act. New...
Aon reports $111 billion global catastrophe losses in H1, Insured events above average
Among the period's defining events were the Venezuela earthquake (preliminary $20-30 billion economic loss), Portugal's costliest windstorm on record ($4.4 billion economic loss) and an active SCS season across the U.S. ($34 billion economic loss). Together, these...
Out of total CSR only 8.4% spent on environment in FY-2023-24: Report
“Sectors with high pollution intensity, including oil, gas, coal and petroleum, mining, and energy, allocate only 5-7 per cent of their CSR budgets to environmental initiatives… By contrast, consumer-facing sectors such as FMCG and automotive allocate over 10-15 per...
NGT issues slew of directives to Himachal Pradesh on gaps in waste management
The bench said the “state’s compliance obligations are to be understood not merely as administrative targets, but as constitutional imperatives of the highest order". New Delhi/Shimla:The National Green Tribunal has expressed dissatisfaction over the gaps in solid and...
El Niño poses weather-driven credit risks for LatAm transportation
The Panama Canal is exposed to specific hydrological risk, as reduced rainfall in the Gatún Lake watershed could again lower water levels, leading to draft restrictions and revenue pressure. Fitch Ratings says El Niño poses broad weather-related risks for Latin...