Deforestation increased by 4% worldwide in 2022 compared with 2021,...
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Amazon River falls to lowest in over a century amid Brazil drought
Brazil's Science Ministry blames the drought on this year's onset...
Lloyd’s approves Oka syndicate-in-a-box 1922, to focus on solution to protect against buyer-side carbon credit risks
The volume of carbon credit purchases has quadrupled over the past...
Japan to suffer minimum $10bn economic loss from Typhoon Hagibis, according to Aon catastrophe report
Steve Bowen, Director and Meteorologist within Aon’s Impact Forecasting team, said: “Vulnerabilities around tropical cyclones, flooding, and wildfires were again exposed during October. Events such as Typhoon Hagibis in Japan and wildfires in California served as a reminder of the repetitive, or clustering, nature of certain perils on a year-to-year basis that can often be hard to predict. With ample exposure located in high-risk locations all around the world, it becomes increasingly important to utilize the latest tools available to better prepare for future weather and climate-related scenarios in both mature and developing markets.”
EU Rules for responsible investing to be set for Insurers, Asset Managers in 2021
Financial firms which claim to pursue a green or social investment strategy will have to detail the impact of their investments, disclosing any that could pollute water, damage bio-diversity or cause large layoffs for example
Wall Street increasingly weighs risk from climate change
The increase in wildfires has prompted underwriters, such as Hiscox Ltd to incorporate new risks models and stop insuring some clients in high-risk areas such as California.Overall, 10% of insurers refused to renew policies in wildfire-prone areas in California in 2018, according to the California Department of Insurance.
Climate change: ‘Clear and unequivocal’ emergency, say scientists
“An emergency means that if we do not act or respond to the impacts of climate change by reducing our carbon emissions, reducing our livestock production, reducing our land clearing and fossil fuel consumption, the impacts will likely be more severe than we’ve experienced to date,” said lead author Dr Thomas Newsome, from the University of Sydney.
U.K. bans fracking on concerns about Earthquake Risk
Pressure from large-scale environmental protests and widespread public opinion has damped the enthusiasm for the fossil fuel as the U.K. strives to put more climate friendly policies in place. But the industry isn’t giving up. Lobby group U.K. Onshore Oil and Gas plans to demonstrate that companies can operate safely and in an environmentally friendly manner.
Germany to invest 1 billion euros for green urban mobility in India
“We have agreed to co-operate on climate protection and green urban mobility and have earmarked 1 billion euros towards this,” Merkel said at an event here.
Will enter BS-VI emission norms with only petrol vehicles, says Audi India
“Going forward we will launch only petrol and we will also have electric cars coming to India. Whether we will completely exit diesel is something we are still on our drawing board,” Audi India Head Balbir Singh Dhillon.
1.5 million more people may die in India by 2100 due to extreme heat by climate change: Study
“Six states of Uttar Pradesh, Bihar, Rajasthan, Andhra Pradesh, Madhya Pradesh and Maharashtra are estimated to contribute 64% of the total excess deaths — more than 1.5 million deaths each year in all — due to temperature rises caused by climate change,” the study said.
Rising sea level puts Mumbai at risk of being submerged by 2050: Study
India and other Asian countries, including Bangladesh and Indonesia, may see a five to tenfold increase in the population living below the projected high tide line by the end of the century, added the study published in the journal Nature Communications,
India’s commitment on climate change best among several nations: Nirmala Sitharaman
Sitharaman said that while India can be found somewhere between 10 and 15 position or even further down in terms of carbon emission, it is the best among any set of countries in terms of commitment to fight against climate change.