Sales in China jumped 36.5 per cent to 1.3 million vehicles in...
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Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds
The fires sweeping across Los Angeles are now on track to cause...
Global natural disasters cause $ 320 bn of economic losses, $140 bn of insurance claims in 2024 : Munich Re
Weather catastrophes were responsible for 93% of overall losses and...
Climate change is driving 2022 extreme heat and flooding
For heatwaves and extreme rainfall, “we find we have a much better understanding of how the intensity of these events is changing due to climate change,” said study co-author Luke Harrington, a climate scientist at Victoria University of Wellington Less understood,...
Maruti Suzuki to phase out pure petrol-powered cars in 10 years
The move comes as Maruti, India's biggest car manufacturer, looks to update its product offerings in line with green targets set by the Indian government, the report said BENGALURU: Automaker Maruti Suzuki India will phase out vehicles that run completely on petrol in...
Saving Ocean: Global emergency
Among the challenges the Ocean faces are coastal erosion, rising sea levels, warmer and more acidic waters, marine pollution, overexploitation of fish stocks and decrease of marine biodiversity Recognizing the past “collective failure” in the Conference’s final...
Antoine Bavandi appointed as Gallagher Re’s Global Head of Public Sector, Parametric & Climate Resilience Solutions
Antoine will lead Gallagher Re’s newly established Public Sector & Climate Resilience Solutions global practice, with responsibility for developing Gallagher Re’s core offering globally and driving profitability as well as developmental impact London: Gallagher...
Vulnerability driving emerging-world climate policy commitments: WTW analysis
Of 62 nations and territories assessed in the WTW Political Risk Index, the governments of Bangladesh, Malaysia, the Philippines, Chile, and Senegal are most strongly committed to prioritising climate when making public policy. Understanding a country’s vulnerability...
European fund managers set to go all in on ESG, survey says
“As regional regulations become increasingly stringent and as efforts towards the development of global ESG standards intensify, managers – especially those willing to compete at a global level – will be pushed towards an all-encompassing alignment of their products...
5 million people in India were internally displaced due to climate change and disasters in 2021
The annual Global Trends Report by the UN Refugee Agency (UNHCR) highlighted that globally 100 million people were forced to flee their homes last year due to violence, human rights abuses, food insecurity, the climate crisis, war in Ukraine and other emergencies from...
World has ‘gambled on fossil fuels and lost’, warns Guterres
António Guterres, Secretary General, UN “For decades, many in the fossil fuel industry has invested heavily in pseudo-science and public relations – with a false narrative to minimize their responsibility for climate change and undermine ambitious climate policies.”...
‘Surprise’ early heatwave in Europe, harbinger of things to come
Drought warnings are an added concern in much of western Europe, as no significant rainfall is forecast in Europe in the coming days, apart from isolated thunderstorms UN: Sweltering conditions in Europe have come earlier than expected this year but the bad news is,...
‘India may need $10 trn investment to achieve net-zero emission by 2070’
Most importantly, create carbon markets and incentives for the adoption of clean energy technologies. India also needs to undertake several policy measures to help deepen the green bond market to facilitate financing," a joint white paper issued by GE-EY said New...