This is the first time a regional human rights court has ruled that...
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IDF announces plans to facilitate investments in resilient infrastructure in emerging markets
Philipp Hildebrand, Vice Chairman of BlackRock, said,``“BlackRock...
March marks yet another record in global heat
"It's the long-term trend with exceptional records that has us very...
Climate scientists swap fieldwork for high-paid finance jobs
Asset manager Schroders said it has more than 10 staff with scientific backgrounds in its insurance-linked securities team, including people with PhDs in climatology. Its sustainable investing team has grown by four people to 22 in the last year and is planning further expansion.
Lloyd’s Lab announces its sixth cohort with a focus on product simplification and climate
For the sixth cohort, the InsurTech start-ups have been selected based on solutions geared towards four key themes: climate change and decarbonisation; geopolitics; data and models; and claims support services. The teams will explore how they can support Lloyd’s customers around the world by creating simpler products capable of responding quickly in the aftermath of a disaster.
US, India to launch hydrogen task force under Strategic Energy Partnership
US Deputy Secretary of Energy, David M Turk.said that only through joint efforts and concrete, measurable actions, on hydrogen and other emerging technologies, “we will be able to achieve deep decarbonization and meet critical climate and clean energy goals”.
Seven European countries to halt export finance for fossil fuels
“We are totally determined to stop all export guarantees financing fossil fuels while taking into account each country’s industrial specifics and the impact on jobs,” Le Maire said.
Global warming making Indian monsoon seasons stronger, more chaotic: Study
”We have found robust evidence for an exponential dependence: For every degree Celsius of warming, monsoon rainfalls will likely increase by about 5 percent,” said study lead author Anja Katzenberger from the Potsdam Institute for Climate Impact Research (PIK) in Germany.
”Hereby we were also able to confirm previous studies but find that global warming is increasing monsoon rainfall in India even more than previously thought. It is dominating monsoon dynamics in the 21st century,” Katzenberger said.
IFAD and IsDB commit $500 million to address hunger and climate change in poor rural communities
“Both institutions strive to improve the lives of the world’s most vulnerable people and contribute to ending poverty. Through this agreement we can strengthen our impact in areas of common interests, including improving access to markets and rural financial services, increasing climate resilience and using technology and innovation to maximize impact.”said Gilbert F. Houngbo, President of IFAD
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New Zealand introduces climate change law for financial firms in world first
All banks with total assets of more than 1 billion New Zealand dollars ($700 million), insurers with more than NZ$1 billion in total assets under management, and all equity and debt issuers listed on the country’s stock exchange will have to make disclosures.
Nepal battles worst forest fires in years as air quality drops
A senior official of Nepal’s National Disaster Risk Reduction and Management Authority said that wildfires were burning in at least 60 places across 22 of Nepal’s 77 administrative districts.
The air quality index (AQI) in Kathmandu was at an unhealthy level of 174 on Friday, according to data published on iqair.com, a site that monitors air quality. An AQI level below 50 is considered good.
SBI drags feet on loan to Adani firm for controversial Australian coal mine
The Carmichael mine has been the focus of environmental protests since it was proposed in 2010. SBI shareholders have joined the opposition. BlackRock and Norway’s Storebrand ASA raised their objections over the past year, and Amundi SA divested its holdings of SBI’s green bonds because of the bank’s ties to the Carmichael mine.
SBI Chairman Dinesh Kumar Khara, who took charge in October, is reticent to disburse the funds to Adani given the opposition to the Australian project, bank officials said. Still, no decision has yet been made about the loan, they said.
Third of Antarctic ice shelf area at collapse risk due to global warming: Study
“The findings highlight the importance of limiting global temperature increases as set out in the Paris Agreement if we are to avoid the worst consequences of climate change, including sea level rise,” said Gilbert.