World Bank President Ajay Banga also said that the World Bank would...
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Kenya could lose up to 7.25% of GDP to climate change, World Bank says
Kenya could lose up to 7.25% of economic output by 2050 if it does...
India turns to coal as hydro generation falls
Coal satisfied 80% of electricity demand up from 73% a year...
Most UK insurers, banks unprepared for risks of climate change
The Bank is holding a consultation, led by Breeden, on stress-testing lenders and insurers on their exposures to global warming and the risks associated with a shift to a lower-carbon economy. She addressed the topic with more than 100 finance leaders at an event hosted by Odgers in London.
Oil giant Total sued by 14 French cities, NGOs over failure to cut carbon emissions
The debate over climate change and the role of the energy industry is becoming increasing heated. Oil companies have faced protests from activists for years, but now even some of their largest investors are urging them to do more.
Amazon workers criticise company on climate change despite risk to jobs
Last year, more than 8,000 staffers signed an open letter to CEO and founder Jeff Bezos demanding that Amazon cut its carbon emissions, end its use of fossil fuels and stop its work with oil companies that use Amazon’s technology to locate fossil fuel deposits.
Global economic losses from natural disasters top $232 bn in 2019, as the costliest decade on record comes to a close:AON
From a climate perspective, 2019 was the second warmest year on record for land and ocean temperatures since 1851. Notably, record temperatures of 46.0°C were seen in France and 42.6°C in Germany, while the January to May period was the wettest on record in the United States, with 15.71 inches (399 millimeters) of rainfall.
Top Indian industrialists join hands to fight climate change
Since 1980, nearly 60,000 suicides in India are attributed to warming temperatures, accounting for almost seven percent of the national upward trend in suicide rates.There has been a 150 per cent rise in air pollution-related deaths over the past 20 years and in 2017 alone, India saw 1.2 million deaths due to air pollution.India suffered an economic loss of $37 billion due to climate change in 2018, of which losses due to floods amounted to US $2.8 billion.
Nothing has been done to save the planet: Climate campaigner Greta Thunberg
“People are more generally aware now. The climate and the environment is a hot topic. But – and it’s a big but: From another perspective, pretty much nothing has been done,” she said.
India needs $2.64-trn investment to meet UN’s Sustainable Development Goals
The study identified opportunities for the private sector to contribute to three infrastructure-focused goals between now and 2030 SDG 6: Clean water and sanitation, SDG 7: Affordable and clean energy, and SDG 9: Industry, innovation and infrastructure.
World losing trust in climate science, Indians most-trusting: WEF survey
By region, almost a fifth of North American adults expressed “little” (12 per cent) or “no” (6 per cent) trust in climate science, compared to South Asia, expressing “little” trust (4 per cent), and “no” trust (2 per cent).
Financial Services CEOs in Davos complain they can’t save planet without clients’ help
Financial companies are under pressure to retreat from funding industries including coal-fired power, and the European Union is working on a so-called taxonomy governing sustainable investments. Lawrence Fink, who runs BlackRock Inc., last week pledged to incorporate environmental concerns into the asset manager’s investment process for both active and passive products.
Cyber and climate change rank as top risks for India Inc:Allianz
Climate change rises to its highest-ever position, jumping six spots to (#2 with 30%) as global warming has become an increasing concern for companies and nations. Business Interruption remains at #3 (30%).