The Environment Impact Assessment (EIA) rules 2006 make it...
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Parli Thermal Power Station asked to stop operation of 2 units for non-compliance of pollution norms
Parli Thermal Power Stations (PTPS) had not conducted the annual...
India needs $22.7 trillion investment to achieve net zero target by 2070: Niti study
Of the total, approximately USD 8 trillion must be front-loaded by...
India enters top 100 in global SDG rankings for first time
The report's authors flagged that SDG progress has stalled at the global level, with only 17 per cent of the 17 targets projected to be achieved by 2030. New Delhi: India has for the first time secured a place among the top 100 out of 167 countries ranked for their...
Asia warming twice as fast as global average: WMO
The sea surface in Asia is also warming at nearly double the global average over the past decades, said the World Meteorological Organization's "State of the Climate in Asia in 2024" report. New Delhi: Asia, the largest continent in the world with around 60 per cent...
Battery Ventures invests in Descartes Underwriting
“Over the past six years, Descartes has established itself as the leading parametric insurance business for climate-related risks, remaining true to our scientific approach to risk transfer.''Tanguy Touffut, CEO and co-founder PARIS: Descartes Underwriting, a major...
Nuclear-powered ships may reshape trade with cleaner, faster transport, to pose problems for insurance
Commercial insurance companies won’t provide coverage for ship that runs on fission because the potential cost of a nuclear accident is simply too high. Without insurance, few civilian ports would allow a nuclear-powered cargo ship to dock The commercial shipping...
US spends nearly $1 trillion on disaster recovery and other climate-related needs over last one year
Overall, increased climate costs from insurance premiums, power outages, disaster recovery and uninsured damage are responsible for $7.7 trillion, or 36%, of US GDP growth since 2000. Risks are rising both from climate change, as it increases the severity and...
Action plan should be made to tackle heat waves: Amit Shah
Amit Shah ,Union Home Minister ``For the first time, we have also created a National Disaster Risk Management Fund at the national level with ₹68,000 crore,'' revealed Amit Shah New Delhi: Union Home Minister Amit Shah said over the past two years, workshops of all...
Hindu Kush Himalayas at greater risk Of landslides, floods this monsoon: Report
While the monsoon is crucial for refilling these rivers, the danger from water-related disasters, such as floods, landslides, storms, heatwaves, wildfires, droughts and GLOFs, is increasing due to the worsening impacts of climate change. New Delhi: There is a high...
Climate change altering laws of mortgage risk: Fitch
Fitch is now in the process of integrating physical climate risks into credit assessments. The move reflects an evolving concern among ratings firms and regulators alike that climate change is hitting the mortgage market — and the bonds that finance it — in ways that...
BackBlue Ocean Finance Commitment surges beyond USD$3 trillion in assets under management
BNP Paribas, Eurazeo and Mirova are the latest financial institutions to join the Commitment which ensures a regenerating and sustainable ocean has a seat at the table in finance and insurance decisions. They join existing endorsers including Deutsche Bank, Standard...
India is a strategic focus for World Business Council for Sustainable Development, says President CEO Peter Bakker
Peter Bakker. President and CEO, World Business Council for Sustainable Development WBCSD is mobilizing members in India to advance efforts in measuring and managing physical risk across value chains.These risks arise from the physical impacts of climate change and...