Category:

Climate, Environment, Renewable Energy

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.

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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.

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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.”

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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.

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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.

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World Bank and Sri Lanka sign agreement to strengthen Climate Resilience

Sri Lanka is among countries most affected by extreme weather events and is expected to see a 1.2 percent annual GDP loss by 2050 due to climate change. It is estimated that close to 19 million Sri Lankans may live in areas that could become moderate or severe hotspots in terms of floods or droughts by 2050.

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Adani calls for global unity in managing climate crisis

“In my country, more than a quarter billion households and millions of small businesses that generate jobs rely on the availability of cheaply produced electricity,” said Adani. “To switch off that power source without an economical alternative in place would put hundreds of millions of people on an accelerated path to darkness and there are several other nations in the same situation.”

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NGT directs Maharashtra to deposit Rs 1 crore as interim compensation for restoration of water quality near Trimbakeshwar

The bench was hearing an application filed by Kiran Ramdas Kamble and others seeking to take action for failure of the Trimbakeshwar Municipal Council and other concerned authorities of Maharashtra in preventing discharge of Municipal waste into the river which joins Godavari in violation of the judgement of the Supreme Court, in spite of at least four orders of NGT in the last two years and also general orders in other cases.

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