Shailaja Lall, Partner, Insurance & Reinsurance, Shardul...
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Budget 2024-25: FM announces 9 priorities
Presenting her seventh straight budget, Sitharaman said the...
The fund managers Cat modeling keep winning bets
Karen Clark, co-founder and chief executive officer of the...
Hottest record temperature hits Italy
Temperatures there reached 48.8 degrees Celsius (119.8 Fahrenheit) on Wednesday, Sicily’s weather service said. That — if officially verified — would top the record of 48 degrees set in Athens in 1977, according to World Meteorological Organization data posted by Arizona State University.
Worst Algeria wildfires in decades kill 65
While wildfires are a relatively regular occurrence in Algeria, this week’s were the country’s biggest and deadliest in several decades. President Abdelmadjid Tebboune announced three days of national mourning on Wednesday.French-language TSA Algerie, which visited Kabylie on Wednesday, said the wildfires left a trail of desolation all along the usually lush road linking Tizi Ouzou to Bouira. Several villages were abandoned.
Severe weather events drive global insured cat losses of $ 42 billion in first half of 2021, Swiss Re
Jérôme Jean Haegeli, Swiss Re’s Group Chief Economist, said: “Climate change is one of the biggest risks facing society and the global economy. The recent analysis from the UN’s Intergovernmental Panel on Climate Change confirms expectations of more extreme weather in the future and urgency to act to limit global warming. Working with the public sector, the re/insurance industry plays a key role in helping to strengthen communities’ resilience by steering development away from high-risk areas, making adaptation investments, maintaining insurability of assets and narrowing protection gaps.“
Global sizzling: July was hottest month in 142 years, NOAA says
In this case first place is the worst place to be, NOAA Administrator Rick Spinrad said in a press release. This new record adds to the disturbing and disruptive path that climate change has set for the globe.”
This is climate change,” said Pennsylvania State University climate scientist Michael Mann. It is an exclamation mark on a summer of unprecedented heat, drought, wildfires and flooding.
Centre notifies amended rules for identified single use plastic items
According to the Centre, the manufacture, import, stocking, distribution, sale and use of following single-use plastic, including polystyrene and expanded polystyrene, commodities shall be prohibited with effect from the 1st July, 2022.
Stricter emissions rules will hit car sales, says Maruti Suzuki chairman
Automakers last week urged the government to defer tougher emissions standards, which are due to be implemented in two stages in April 2022 and then in 2023. The changes will require carmakers to cut emissions about 13% to 113 grams a kilometer.
Global average temp rise of 1.5 degrees Celsius in next 20 years: UN report
This report tells us that recent changes in the climate are widespread, rapid and intensifying, unprecedented in thousands of years, said IPCC Vice Chair Ko Barrett, senior climate adviser for the U.S. National Oceanic and Atmospheric Administration. The changes we experience will increase with further warming.
Extreme sea level events likely every year by end of this century: IPCC
If we reduce emissions globally to net zero by 2040 there is still a two-thirds chance to reach 1.5 degrees and if we globally achieve net zero emissions by the middle of the century, there is still a one-third chance to achieve that, said Dr Friederike Otto, Associate Director of the Environmental Change Institute at the University of Oxford and one of the authors of the IPCC report.
Railways invites bids for hydrogen fuel-based tech for trains
“The retrofitting of diesel-powered DEMU and converting it into hydrogen fuel-powered train set will not only save the cost to the tune of Rs 2.3 crore annually by converting from diesel to hydrogen, but also save the carbon footprint (NO2) of 11.12 kilo tons per annum and particulate matter of 0.72 kilo tonnes per annum,” the statement said.
Record-breaking winter winds have blown old Arctic sea ice into the melt zone
Recent research using the newest generation of climate models projects that the coverage of sea ice at the September minimum will fall to conditions recognised as ice free around 2035. Since the beginning of the satellite record in 1984, the coverage of perennial ice has roughly halved, and this downward trend will continue.