Climate change is increasing the frequency and intensity of extreme...
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Google to expand AI initiatives in India, targeting language barriers, agricultural efficiency
Abhishek Bapna, Director of Product Management at Google DeepMind,...
People’s concerns over natural disasters growing in recent years: PM Modi
PM Narendra Modi addressing the nation from the ramparts of the Red...
Natural disasters cost $120bn of insured losses worldwide in 2021, relatively low losses in Asia-Pacific: Munich Re
Torsten Jeworrek, member of the Board of Management,Munich Re The costliest natural disaster in 2021 was Hurricane Ida, causing $65bn of economic losses and US$ 36bn of insured losses Torsten Jeworrek, member of the Board of Management,Munich Re, said the images of...
Aspen launches ESG integration initiative ‘Project Leaf’
By 2026, the project aims to see over two thirds (66%) of Aspen’s (Credit and Political Risk) CPR premium originating from transactions with a favorable ESG classification. A favorable classification is determined by exposure that has a positive ESG risk factor, for...
Climate failure and social crisis top `Global Risks 2022”:WEF Report
The Global Risks Report 2022 explores four areas of emerging risk: cybersecurity; competition in space; a disorderly climate transition; and migration pressures, each requiring global coordination for successful management Geneva: Climate risks dominate global...
Focussed road map, timely govt interventions necessary to achieve net zero target by 2070: ICRA
ICRA Head (Research and Outreach) Rohit Ahuja noted that ambitious targets for COP26 open massive investment opportunities across segments stemming from 500 GW renewables by 2030, higher EV penetration (10 per cent by 2025), and 20 per cent ethanol blending for petrol...
Businesses strengthening support for enforced standards on environmental reporting: Survey
Finance leaders said the foremost barrier to producing useful ESG disclosures is ''getting clarity from investors on what they want from ESG reporting''. New Delhi: A significant percentage of finance leaders in India witnessed a transition from traditional financial...
Four climate lawsuits to watch in 2022
Baltimore claims that about two dozen fossil fuel companies knowingly contributed to climate change. The city says it is vulnerable to sea-level rise driven by climate change The year 2022 could see the U.S. Supreme Court redefine the scope of the country's most...
Germany to pull the plug on three of its last six nuclear plants
The phase-out of an energy deemed clean and cheap by some is an irreversible step for Europe's biggest economy, facing ambitious climate targets and rising power prices BERLIN: Germany will pull the plug on three of its last six nuclear power stations on Friday,...
Lloyd’s Asia launches new renewable energy consortium
The new consortium has been developed by Chaucer, Markel, and Munich Re Syndicate Ltd (MRSL) and has a maximum working capacity of USD100m per project It is expected that Asia Pacific will continue to outperform other regions as a market for the investment and...
Malaysia seeks U.N. climate adaptation funds amid deadly floods
Malaysia's National Adaptation Plan will focus on areas such as water, agricultural, and food security, public health, forestry, and infrastructure KUALA LUMPUR: Malaysia is seeking $3 million from the U.N. Green Climate Fund (GCF) to develop a national plan to adapt...
Adani Group nears first coal shipment from shunned Australian mine
Climate activists, concerned about carbon emissions and potential damage to Australia's Great Barrier Reef - both from global warming and dredging at Abbot Point port - brought several cases challenging government approvals for the mine Melbourne: India's Adani Group...