The group, which includes Allianz SE and the California Public...
Category:
Climate, Environment, Renewable Energy
Latest
Global insured NatCat losses over $135 billion in 2024 , says Swiss Re
Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, says:...
Italy makes it mandatory for companies to buy climate risk covers
Most Italian businesses — especially small and mid-sized ones —...
India sees warmest March in 122 years: IMD
The weather department attributed the unusual heat to the lack of rainfall due to the absence of active western disturbances over north India and any major system over south India The country as a whole recorded a rainfall of 8.9 mm, which was 71 per cent less than...
U.N. launches group to hold companies to account for net-zero pledges
U.N. Secretary-General António Guterres said the group of 16 experts will analyze the net-zero plans of companies, investors, cities and regions in order to develop stringent and transparent standards to ensure they deliver their promises WASHINGTON: The United...
New vehicles must average 40 mpg by 2026 under US standards
The new requirements increase gas mileage by 8% per year for model years 2024 and 2025 and 10% in the 2026 model year Officials said under the new standards, owners would save about $1,400 in gasoline costs during the lifetime of a 2029 model year vehicle. Carbon...
Antarctica ‘should not be taken for granted’ scientists declare, amid extreme weather uptick
The Russian station Vostok, in the middle of the Antarctic ice plateau, hit a provisional high of -17.7°C (0.14°F), smashing the previous record of -32.6°C (-26.68°F), while Dome Concordia, an Italian-French research station on top of the Antarctic plateau, 3,233...
Fossil fuel backers overshadow climate change talks in Dubai
The United Nations Intergovernmental Panel on Climate Change and other international bodies have said that to address climate change there should not be new investments in fossil fuel infrastructure and that the fuels, which are mostly responsible for climate change,...
US$320m WB loan to promote green agriculture and rural development in China’s Southwest
Despite rapid gains in poverty reduction in recent years, two thirds of the rural population have incomes below $5.50 per day, the poverty line for upper middle-income countries. Increasing unsustainable agricultural practices, natural resource degradation and GHG...
World Bank approves $250m to help Bangladesh enhance resilience to future shocks
This financing will help Bangladesh harness digital technology to ensure green and resilient growth, said Bernard Haven, World Bank Senior Economist and Task Team Leader for the project Fiscal and financial sector policies will help sustain growth, while enhancing the...
India briefs Climate Advisory Group about Infrastructure for Resilient Island States
India's Permanent Representative to the United Nations, TS Tirumurti further said that the Infrastructure for the Resilient Island States (IRIS) initial corpus is USD 50 million IRIS, a dedicated initiative, will provide technical support on the multifaceted issues...
World’s top banks pumped $742 bln into fossil fuels in 2021 – report
Most leading banks have pledged to reach net-zero emissions across their financing by 2050. But, despite the International Energy Agency saying no new oil and gas fields should be developed for the world to hit its climate goals, the report showed finance continues to...
Extreme flood events once again drive high losses in 2021, 75% of flood risks remain uninsured: Swiss Re
Sigma records show that flooding is by far the most frequently occurring natural peril. In the past decade, there were approximately three times as many major flood events as tropical cyclones Yet, Swiss Re Institute finds that over the past decade, only 5% of severe...