Despite these increasing risks, subsidized agri-insurance is only...
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Climate, Environment, Renewable Energy
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Hailstorm Claims Risk Undermining Solar Energy, Insurer Says
Insurers are beginning to reduce coverage for solar businesses due...
Environmental resilience a critical concern for major Asian cities: Tokio Marine & Economist report
Asian cities perform comparatively well in disaster management,...
Natural catastrophes record $52b insured losses & 9,000 deaths in 2019:Munich Re
Torsten Jeworrek, member of the Board of Management, commented, “The severe cyclones in 2019 have highlighted the importance of knowledge about changes in risk. Natural climate variations influence weather catastrophes from year to year. Longer-term climate change effects can already be felt and seen. Buildings and infrastructure must be made more resistant in order to reverse the increasing trend in losses. This will enable insurance to be more effective and support the remaining financial losses.”
The escalating costs of Australia’s wildfire disaster
The Insurance Council of Australia says 5,259 claims worth A$321 million ($224 million) have been lodged. Consultancy SGS Economics and Planning has estimated that Sydney’s economy loses as much as A$50 million each day it is blanketed with a toxic haze from smoke billowing in from the fires. An inquiry into the Black Saturday fires estimated the cost at A$4.4 billion.
Australia’s wildfire crisis intensifies as Locals, tourists seek refuge on beaches
It’s also put international focus on the conservative government’s climate change policies, with environmentalists saying Prime Minister Scott Morrison’s support of the nation’s massive coal-export industry has worsened conditions.
Financial services industry must act faster on climate change: Bank of England Chief
“To deliver, there needs to be shared understanding about what’s necessary. it is reasonable for there to be debates at the margin about where does the role of the state stop and what’s the role of markets,” Carney said.
Climate Forecast for 2020s is warmer, stormier and more extreme
Over the last decade, climate researchers have been filling in gaps in their data on past temperatures, and improved models that are calibrated against the past to predict the future. That’s led to better predictions for weather as well, thanks to more complete data, better science, and more computer power.
India’s forest cover up 5,188 sq km in 2 years, Northeast bucks the trend
“This report gives us confidence that we are on track to achieve our Paris Agreement goals” said Union Minister Prakash Javadekar.
Delhi set to record coldest day in 119 years today: IMD
Till 1 pm on December 30, over 500 flights were delayed, 21 diverted and five flights have been cancelled due to dense fog at Delhi airport, news agency ANI has reported.
PM office proposes waiving carbon tax of Rs 400/tonne on coal: Report
If implemented, the move would reduce the price gap between coal-fired power and renewables, and potentially impact Modi’s plan to increase adoption of green energy.
Kerala tops Niti’s Sustainable Development Goal Index, Bihar worst performer
The SDGs are an ambitious commitment by world leaders which set out a universal and an unprecedented agenda which embraces economic, environmental and social aspects of the wellbeing of societies.
Why the worst case for climate change doesn’t look realistic: Viewpoint
A group of climate scientists recently got together on Twitter and tried to figure out what a more realistic scenario looked like. They fed energy predictions from the International Energy Agency into climate models and found out that 3 degrees of warming is a much more likely business-as-usual scenario than 5 degrees.