The NDF is a blended risk transfer vehicle designed to mitigate...
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Climate, Environment, Renewable Energy
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Warming Pacific fuels fears of powerful El Niño event
El Niño is a naturally occurring climate phenomenon that can cause...
Govt approves 100% ethanol fuel accelerating shift to clean energy
Gadkari stated that several major automakers are preparing to...
Deadly heat worldwide prompts $300 million for climate health research at COP30
An October report in The Lancet scientific journal estimates the yearly number of deaths from heat-related causes worsened by climate change at nearly 550,000. Another 150,000 annual deaths can be linked to air pollution, often from the burning of fossil fuels but...
Banks at crossroads as AI costs rise and risks escalate: S&P Report
In terms of risk management practices, the report pointed out that deploying AI technologies introduces new technical risks and increases reliance on third-party vendors. At the same time, AI can help banks improve risk identification, monitoring, and pricing. New...
Willis and Rare partners to launch innovative insurance solution for fishers in the Philippines
Christopher Au, Head of APAC Climate Risk Centre, at Willis, said: “With over 1.9 million registered small-scale fishers relying on the nearshore for their livelihoods, the impacts of climate change, such as high winds, rough seas and heavy rainfall, pose increasing...
Hurricane Melissa to trigger Jamaican Cat Bond, reinsurance losses
Hurricane Melissa will trigger the $150 million, International Bank for Reconstruction and Development (IBRD) Capital-at-Risk (CAR) Jamaica 2024 parametric catastrophe (cat) bond. New York: Fitch Ratings expects minimal disruption to the global (re)insurance sector...
World’s first Climate Resilience Bond issued by Tokyo Metropolitan Government
“This new bond label is a notable development for the market.The bond’s oversubscription “signals that the market is ready to allocate capital to these types of investments,”Melissa Cheok, associate director at Sustainable Fitch The Tokyo Metropolitan Government...
India aims 70 pc carbon emission cut per tonne of cargo by 2047: Sarbananda Sonowal
“With our unique geography along key global trade routes, India is well placed to become a hub for green shipping corridors, connecting domestic and international markets through clean energy trade. To harness this opportunity, India has launched Green and Digital...
India’s Cloudburst Challenges:Insurance gaps & Future safeguards
The entire Himalayan belt is increasingly vulnerable to cloudbursts, flash floods, landslides, and potential glacial lake outburst floods (GLOFs), all driven by changing monsoon patterns and accelerated warming in the region. These risks are not onlybecoming more...
Insurance Development Forum raises $340 million for Infrastructure Resilience Development Fund
This debt fund will invest in small to medium-sized commercial infrastructure projects in emerging markets and developing economies (EMDEs). It will target a diversified portfolio of resilient infrastructure, including clean water and water management, waste...
Climate Change: Life-threatening heat domes confound forecasters
Wildfires and droughts are often the byproduct of extreme heat and have caused some of the largest climate-related disasters in the US. From 1980 to 2024, 23 wildfires caused $147.9 billion in damage and killed 537 people while 32 droughts extracting a toll of $367.6...
World’s largest oil gas companies involved in under 1.5 pc renewable energy projects: Study
"Oil and gas companies' renewable deployment is anecdotal at best. Their contribution to the fight against the climate crisis should be judged solely by how much fossil fuel they leave in the ground," lead author Marcel Llavero-Pasquina, a researcher at the Autonomous...