Robert Muir-Wood,Chief Research Officer, Moody’s RMS Mitigation is...
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Climate, Environment, Renewable Energy
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Embarking ESG: Changing Investment Paradigm
While the integration of ESG in the life insurance sector presents...
India becomes the first country to prepare entire fauna checklist
"The faunal checklist will be an invaluable reference for...
European insurers to boost ESG investments on Solvency II Reform
The Commission estimates that the risk-margin reduction could release up to EUR90 billion of capital and that the lower charges for long-term equities could release about EUR10 billion
ADB approves $251m for urban flood management in India
“This project will improve climate and disaster resilience of affected communities, ultimately protecting their lives, economy, and the environment.”
Centrica, Nestle, Swatch among companies exposed to physical climate risks – investors
The companies, which are involved in energy and mining, food, pharmaceuticals or technology manufacturing or transport and utilities, are more exposed to issues such as flooding than other companies in their sector and region, the Institutional Investors Group on Climate Change (IIGCC) said.In a letter to the European, Asian and U.S. companies from more than 50 IIGCC members, the investors asked the firms to identify properly and respond to events such as flooding, droughts and extreme heat.
Global reinsurers in a quandry on incorporating Climate Change Risk
“If re/insurers are not properly accounting for the impact of climate change in their catastrophe modeling and pricing today, it could lead to significant unexpected volatility in their earnings and capital, resulting in pricing corrections that could have implications for the cost of reinsurance purchased by primary writers, thereby hitting their profitability and risk profiles as well,” added the report.
No climate finance for hydropower: ‘Rivers for Climate’ declaration
Incentivising and expanding hydroelectric power construction would not only fail to prevent catastrophic climate change, but it would also worsen the climate crisis by exploding methane emissions and diverting scarce climate funds away from meaningful energy and water solutions in a world that is already grappling with severe impacts of climate change, the release said.
Britain launches 220 mln pound support scheme for industry to go green
“With innovation and investment across the economy, we can power the UK’s green industrial revolution. But we know for the most polluting and energy-intensive businesses, this will mean a big shift in the way they operate,” Prime minister Boris Johnson said in a statement.
German auto giants place their bets on hydrogen cars
Stephan Herbst, general manager of Toyota in Europe, speaking in his role as a member of the Hydrogen Council business group, which forecasts that hydrogen will power more than 400 million cars by 2050, said he was confident that now governments had set ambitious carbon-reduction targets, they would push hydrogen alongside battery electric cars.
“We strongly believe this is not a question of either or,” he added. “We need both technologies.”
U.S. flood insurance rates to rise for 77% of policyholders -study
Under the new “Risk Rating 2.0” system from the U.S. Federal Emergency Management Agency (FEMA) taking effect Oct. 1, new premiums will be based on a property’s value, risk of flooding and other factors, rather than simply on a home’s elevation.
Meant to account for climate-change-driven shifts like increasing flood frequency, the new plans also will make the program more equitable, said Nick VinZant, QuoteWizard senior research analyst.
India needs to make its air quality norms more stringent, say experts after new WHO guidelines
WHO’s new guidelines recommend new air quality levels to protect the health of populations by reducing levels of key air pollutants, some of which also contribute to climate change.”There is a body of scientific evidence to prove that air pollution is leading to severe health impacts and 90 per cent of the entire global population is breathing polluted air,” IIT-Kanpur professor S N Tripathi, said.
Aviation industry sets out green goals
Alternative fuels, lightweight materials and a long-awaited overhaul of air traffic systems are needed, Airbus said.
. Only 10% of planes in service already use the cleanest technology available today, Airbus said.