Of the 50 per cent cut to emissions needed by 2030 to stay on track...
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Spiraling climate costs make insurance unaffordable for some Australians
Over a million households now face home insurance affordability...
Climate change events may soon start affecting your brain functioning: Study
In the new study, teams from the universities of Geneva, New York,...
Climate-change effects to drive rising losses from severe weather events:Sigma study
Worldwide, economic losses from natural and man-made disasters in 2019 were USD 146 billion, lower than USD 176 billion in 2018 and the previous 10-year annual average of USD 212 billion. The global insurance industry covered USD 60 billion of the losses, compared with USD 93 billion in 2018 and USD 75 billion on average in the previous 10 years.
“To uphold the insurance risk transfer model as a powerful tool to foster resilience, insurers need to adapt before, not post events,” Martin Bertogg, Head of Catastrophe Perils at Swiss Re said. “To this end, insurers should be wary of historical loss records in understanding today’s state of the socio-economic environment and climate. Averaging out over a past spanning multiple decades can lead to distorted risk assessment.”
WHO, IMF say saving lives ‘prerequisite’ to save jobs
“At face value, there is a trade-off to make: either save lives or save livelihoods. This is a false dilemma getting the virus under control is, if anything, a prerequisite to saving livelihoods.”
China defends against incoming second wave of coronavirus
In the last seven days, China has reported 313 imported cases of coronavirus but only six confirmed cases of domestic transmission, NHC’s data showed.
Australia faces worsening bushfires without climate change action: Report
“If we fail to take strong action to rapidly phase out coal, oil and gas as part of a global effort, the impacts of climate change, including worsening extreme weather, will continue to escalate,” the report said. “Further denial and delay in taking action on emissions guarantees a worsening of disasters into the future.”
Top UK firms face tougher climate disclosure rule
-The Investment Association, which represents managers of 7.7 trillion pounds ($10 trillion) in assets such as shares, said Britain’s largest listed companies should start reporting on climate risks immediately.
-There are 480 premium-listed companies on the London Stock Exchange with a combined capitalisation of 2.3 trillion pounds or 60% of total market capitalisation.
Half of world’s sandy beaches May Disappear, Say Climate Researchers
-Some countries will be more affected than others, the researchers said. Gambia and Guinea-Bissau in West Africa could lose more than 60% of their beaches, while predictions for Iraq, Pakistan, the island of Jersey in the English Channel and the Pacific island of Palau are similarly dire.
-Australia would be hardest-hit in terms of total beach coastline lost, with over 12,000 kilometers (7,500 miles) at risk. The United States, Canada, Mexico, China, Iran, Argentina and Chile would also lose thousands of kilometers (miles) of beach, according to the study.
March-May period likely to be warmer than normal: IMD
It is likely to be warmer than normal by 0.5 to 1 degree Celsius over Jammu and Kashmir, Haryana, Chandigarh and Delhi (HCD), west Uttar Pradesh, east Rajasthan, east and west Madhya Pradesh, Chhattisgarh, Odisha, sub-Himalayan West Bengal, Gujarat, Maharashtra, Goa, north interior and coastal Karnataka, Rayalaseema in Andhra Pradesh and Kerala.
Powered by hydrogen, Hyundai’s trucks aim to conquer the Swiss Alps
Hyundai's hydrogen-powered 18-tonne trucks are set to hit the roads in Switzerland next month as the South Korean automaker looks to establish a case for its zero-emissions technology in a low carbon world. Invented nearly two centuries ago, hydrogen...
Climate Risk:Singapore prepares itself with $72B Defense Plan
The idea is to make sure each generation contributes a fair share, without burdening future generations, said a spokesperson from the Ministry of Environment and Water Resources. With no hinterland to retreat to, Singapore has no choice but to invest long term to meet the impacts of climate change, the spokesperson said.
Financial services firms risk $1 trillion in losses from climate change: Report
The Oliver Wyman analysis found that if carbon taxes were imposed at a level of $50 per tonne of carbon dioxide in two of the most polluting industries – power generation and oil and gas – this would result in estimated credit losses of between $50 billion to $300 billion in both sectors.