Prime Minister Narendra Modi “We have met the climate targets set...
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2024 Cat bonds issuance set to exceed 2023 record
A fresh analysis by Swiss Re shows issuance of the bonds was well...
EV Battery Fires: South Korean blaze puts spotlight on safety concerns
Auto experts say EV battery fires burn differently than fires in...
Kerala to come out with policy to promote ESG investments, says Industries Minister
P Rajeev,Industries Minister,Kerala Emphasising that ''ESG is the need of the day'', Rajeev, Industries Minister, pointed out that after floods and natural calamities, the state government has taken various steps to ensure the equilibrium regarding environmental...
Indonesia prepares regulation to help fund mangrove restoration
A government study showed last month that Indonesia will need to invest $150 billion to $200 billion per year in low carbon programmes over the next nine years to meet its goal of net zero carbon emissions by 2060 or sooner. To help reach its goal, Indonesia will...
South Africa officials Sued Over Plans to Construct New Coal-Fired Power Plants
South Africa relies on coal for more than 80% of its power and is the world’s 12th-biggest source of greenhouse gases. South Africa’s energy regulator and energy minister have been sued by environmental activists over national plans to allow the construction of new...
What’s inside Biden’s $1.85T social and climate measure
US President Joe Biden' ENVIRONMENT/CLIMATE CHANGE — Clean energy tax credits would receive USD 320 billion worth of funding. These credits over 10 years would help businesses and homeowners shift to renewable energy sources for electricity, vehicles and...
India needs $10.1 trn investments for net zero emissions by 2070: CEEW
Majority of the investments would be needed to transform India's power sector. Such investments totaling $8.4 trillion would be required to significantly scale up generation from renewable energy and associated integration, distribution and transmission...
Only 1.2% of world’s top firms make substantial climate disclosures-Arabesque
Health and technology services companies were the worst offenders, with more than 70% making no disclosures, Arabesque’s analysis showed, while energy companies were among those giving the most information. Little more than one percent of 5,000 big companies globally...
Zurich Insurance stops underwriting new greenfield oil exploration projects
The pledges come after banks, insurers and investors with $130 trillion at their disposal vowed at the U.N.’s COP26 climate conference in Scotland this month to put combating climate change at the center of their work. Zurich Insurance Group will no longer underwrite...
Global Indians focus on sustainability for investing in India:HSBC report
Sustainability plays a major role in investors' decision making, with more than three quarters (76 per cent) of global Indians saying environmental and social initiatives such as renewable energy and skills development are a key part of their decision making when...
climate talks lends India time to transition
The Global Climate Risk Index 2021, a ranking from research group Germanwatch, put India among the top 10 countries most affected by climate change. The South Asian nation is experiencing rising heat and sea levels, as well as erratic rainfall and stronger cyclones....
Ninety-Five Percent of Global Insurers Believe Climate Risk is Investment Risk:Blackrock study
BlackRock study shows insurers representing US$27trn in assets are prioritising sustainable investing, diversification to higher-yielding assets and technological transformation, as concerns about climate change intensify LONDON: Insurers are increasingly concerned...