A bench of NGT Chairperson Justice Prakash Shrivastava said an...
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France sees collapse in births to lowest since World War Two
The most common reasons people gave for not having more children...
Climate change may claim 14.5 mn lives by 2050: WEF
Flooding alone is estimated to cause 8.5 million deaths by 2050,...
Global temperatures in Apr warmest on Record: European Climate Group
Temperatures well above the historical average also were found in Siberia, the Alaskan coast, the Arctic Ocean, Mexico, western Australia and parts of Greenland and Antarctica. Canada and some parts of southern and south-eastern Asia were cooler than usual.
Barclays CEO says ‘putting 7,000 people in a building may be thing of the past’
“There will be a long-term adjustment in how we think about our location strategy…the notion of putting 7,000 people in a building may be a thing of the past,” he told reporters after the bank reported a fall in first-quarter profits.
Indian airlines may suffer $11.2 bn revenue loss, 2.9 mn jobs at risk: IATA
“Overall, we estimate that the present 90 per cent collapse in air traffic puts around 6.7 million jobs at risk and could lead to a negative GDP impact of 452 billion dollars across Europe. This equates to an additional 1.1 million jobs and 74 billion dollars in GDP over the March estimates of 5.6 million jobs and 378 billion dollars,” said the latest IATA analysis.
Climate change risk will have transformative effect on Energy sector, Willis Towers Watson
In Asia, the Downstream insurance market continues to harden, with losses in countries, including Thailand and Korea. The gap in pricing between Asian and London-based markets is reducing significantly, especially with a majority of the Asian markets making headquarter referrals before underwriting a risk. There are also elements of domestic hardening in countries like Korea, Taiwan and the Philippines amongst others. At the same time, the Downstream market in China remains competitive for domestic risk following the Covid-19 lockdown and pandemic situation, which has affected supply and demand in the oil & gas industry.
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.