Category:

Climate, Environment, Renewable Energy

IKEA opens pilot second-hand store in Swedenaims to reduce more greenhouse gas emissions

IKEA has a target to be circular – which includes using renewable or recycled material only, and helping customers prolong the life of their products – by 2030.It aims to reduce more greenhouse gas emissions than its value chain emits – from the production of raw materials through to customers’ use and disposal – by the same year

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Telangana EV Policy: First two lakh e-2 wheelers exempted from road tax, registration fee

“To make Telangana a major base for EV and ESS (energy storage system) sectors and to attract investments worth USD 4.0 Billion and create employment for 120,000 persons by 2030 through EVs in shared mobility, charging infrastructure development and EV and ESS manufacturing activities,” the policy said

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Where’s the meat? UK’s first vegan butchers launches

Demand for vegan products has surged in recent years in Britain, with increasing numbers of people cutting out animal-derived ingredients completely, while others reduce the amount of meat and dairy they consume each week.
Law firm EMW reported a 128% jump in new trademarks registered for vegan food in the UK last year, with both large corporates and small companies registering such trademarks as vegan ice cream and pastries.

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Lloyd’s insurer Apollo to stop underwriting Adani coal mine from Sept. 2021

“We participate in one construction liability policy in respect of Adani Carmichael…this particular policy terminates in September 2021 after which we will no longer provide any insurance cover for this project,” chair of Apollo Syndicate Management Julian Cusack said in the memo.

“We have recently declined to participate in an additional policy relating to the port and rail extension and have agreed that we will not participate in any further insurance policies for risks associated with this project.”

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“SIRC 2020 Re-Mind”:Mumenthaler and Kessler to address the virtual event, Global-Asia Insurance Partnership to be launched

Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance, Heng Swee Keat will announce the launch of the Global-Asia Insurance Partnership (GAIP), a new global centre of excellence in risk management in Singapore that is a tripartite partnership amongst regulators, academia and industry

Singapore’s Nanyang Technological University will be the research institution partner under the GAIP, to work on studies about the future development and needs of the insurance sector. 
All insurance/reinsurance industry practitioners and media can register for the virtual event free of cost at https://sirc.6connex.com/event/SIRC2020REMIND/login

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Indian outfit wins UN award for efforts to combat climate change amid COVID-19

COVID-19 has altered lives, economies and the nature of business on every continent — from the largest cities to the smallest villages. It is the most urgent threat facing humanity today, but we cannot forget that climate change is the biggest threat facing humanity over the long term,UN Climate Change Executive Secretary Patricia Espinosa said

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Arctic headache for ship insurers as routes open up

As climate change opens new sea routes, experienced polar captains like Whatley are coveted for Arctic voyages that can save money on the run between Europe and Asia. But as activity in the Arctic’s waters picks up, insurance companies are grappling with a fundamental question: If something goes wrong, who pays?

So far, it’s unclear that the cost of a major accident would be completely covered by insurance. Damages from a ship spilling oil, hitting an iceberg or becoming marooned can run into the hundreds of millions of dollars.

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