Jitendra Singh, Union minister of State (Independent Charge) for...
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Mention Of heatwaves at all-time high in India’s earnings calls
While heat wave was a recurring theme in many earnings transcripts,...
Severe thunderstorms drive insured losses to $ 60 billion in first half of 2024, Swiss Re
Balz Grollimund, Head of Catastrophe Perils at Swiss Re, said: "In...
Canada Energy firm gets nod to keep insurers’ names confidential
Pressure from environmental groups has prompted some major insurance companies to halt support for energy projects.
EU pledges extra 4 billion euros in international climate finance
The EU already contributes $25 billion per year in climate finance, von der Leyen said.
Climate finance is expected to be a decisive issue at the United Nations’ COP26 summit in November, where world leaders will attempt to unlock commitments to cut emissions faster and stave off catastrophic climate change. With seven weeks to go until COP26, finance remains a sore point.
Most agricultural funding distorts prices, harms environment: UN report
UN: Around 87% of the $540 billion in total annual government support given worldwide to agricultural producers includes measures that are price distorting and that can be harmful to nature and health. That is the main finding of a new UN report calling for...
India, US agree to collaborate on emerging fuels
”Minister Puri emphasized that the revamped clean energy partnership will intensify the efforts from both sides to take advantage of the complementarities that exist between the US and India – advanced US technologies and rapidly growing India’s energy market, for a win-win situation through a cleaner energy route with low carbon pathways,” said a statement from the oil ministry
U.S. Treasury climate official seeks insurance changes for extreme weather
The Federal Insurance Office will accept input for 75 days and then come up with recommendations for better pricing the risks that climate change posed to insured properties and activities, John Morton, Climate counselor, U.S. Treasury
said.
“The question is, how do we … better understand and begin to price the risk inherent in the underlying activities,” he said.
Australia to contribute 10 million dollars to India’s initiative towards disaster-resilient infrastructure
“Australia will contribute 10 million dollars to India’s initiative towards disaster-resilient infrastructure. We’re exploring further collaboration with India, including on low emission technologies, ensuring economic growth as we transition to a clean energy future,” she said.
Prime Minister Narendra Modi had announced a global Coalition for Disaster Resilient Infrastructure (CDRI) at the UN Climate Action Summit held in New York in September 2019.
World’s largest plant capturing carbon from air starts in Iceland
Swiss start-up Climeworks AG, which specialises in capturing carbon dioxide directly from the air, has partnered with Icelandic carbon storage firm Carbfix to develop a plant that sucks out up to 4,000 tons of CO2 per year.
That’s the equivalent of the annual emissions from about 790 cars. Last year, global CO2-emissions totalled 31.5 billion tonnes, according to the International Energy Agency.
Direct air capture is one of the few technologies extracting carbon dioxide from the atmosphere and is viewed by scientists as vital to limit global warming, blamed for causing more heatwaves, wildfires, floods and rising sea levels.
India to give $3.5 billion in revised clean tech scheme for automakers – sources
Under the revised scheme, companies that qualify will get cashback payments equivalent to around 10%-20% of their turnover for EVs and hydrogen fuel cell cars, one of the sources said.
Carmakers would need to invest a minimum of about $272 million over five years to qualify for the payments.
Auto parts makers will get incentives to produce components for clean cars and for investing in safety-related parts and other advanced technologies like sensors and radars used in connected vehicles.
From locusts to cyclones: the human cost of interlinked disasters
The huge locust swarm which hit the Horn of Africa in the Spring of 2020, and Cyclone Amphan, which struck the border region of India and Bangladesh in May that year, might not seem, on the face of it, to be connected, but a report released on Wednesday by UN University, the academic and research arm of the UN, shows that there were connected underlying causes: greenhouse gas emissions from human activity, which are affecting the environment in unpredictable ways, and a lack of sufficient disaster risk management.
‘It’s connected to you’: Shared causes fuel surge in disasters
From Arctic heat and wildfires to Texas cold-weather power outages and Amazon deforestation, threats around the world that may seem unrelated are increasingly compounding each other, United Nations researchers said in a report released Wednesday.
The underlying causes of the rising risks – from climate change to lack of cooperation among governments and ignoring the value of nature in economic decision-making – are common across many of them, researchers said.