An extremely hot Mediterranean and warmer air temperatures...
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Companies are dropping the D or E from DEI to avoid legal risks
Companies such as Toyota Motor Corp. and Ford Motor Co. have...
Infants, older adults in India exposed to more heatwave days in last decade, Lancet report reveals
Estimating economic impacts of heat in India, the report found that...
Emissions set to rise with global power demand – IEA
South East Asia is expected to see the strongest electricity demand, growing by an average 5% between 2022 and 2024, followed by the Asia Pacific region, which includes China, at around 4% over that period, slightly below pre-pandemic levels. Demand in North America...
Aurizon and Anglo American look to hydrogen-powered trains in Australia
As part of its commitment to carbon neutral mines by 2040, Anglo American has taken a global lead in the development of green hydrogen solutions for its ultra-class 290 tonne payload mine haul trucking fleet. As part of its commitment to carbon neutral mines by 2040,...
2021 fifth warmest year in India since 1901: IMD
The India Meteorological Department (IMD) said thunderstorms and lightning reportedly claimed 787 lives in India in 2021, while 759 people died in heavy rainfall and flood-related incidents New Delhi: The year 2021 was the fifth warmest year in India since 1901, with...
Renewable energy growth creating increased demand for transition plans:WTW
“The renewable energy industry is transforming at a speed which can be difficult to track. This can be seen in the record growth in solar PV and wind capacity additions - beating previous year’s record, as well as the increasing interest from insurers in offshore wind...
Climate-fueled permafrost thaw threatens up to half of Arctic infrastructure -report
The world’s permafrost — land that remains frozen year-round — has been warming at between 0.3 and 1.0 degree Celsius per decade since the 1980s, with some areas of the High Arctic having increased by more than 3°C over four decades, according to a scientific review...
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...