Category:

Climate, Environment, Renewable Energy

Cabinet approves Rs 6,000 Atal Bhujal scheme for ground water management

ccording to a study by the federal government think tank NITI Aayog, 21 Indian cities will run out of groundwater by next year, including the capital New Delhi and the information technology hub of Bengaluru. Two hundred thousand Indians already die every year because they don’t have a safe water supply, the report said. A shocking 600 million people face “high to extreme” water stress.

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Global cat insured losses from natural and man-made catastrophes fell 40% to $ 56 bn in 2018: Swiss Re

Climate change is leading to more frequent and more severe secondary peril events, which manifest in different ways: more local flooding, torrential rains,prolonged drought, severe wildfires and other extreme weather events. Together, secondary perils are estimated to comprise more than 50% of this year’s global insured losses from natural catastrophes, demonstrating once again the very significant impact these events can inflict on societies.

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Rs382 cr collected as fine for violation of pollution norms since 2017: CPCB

The CPCB, which works under the Ministry of Environment, Forest and Climate Change, is responsible for advising the central government on prevention and control of water and air pollution. It is also responsible for coordinating the activities of the state pollution control boards and resolving disputes among them, besidesplaying other roles.

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U.S. regulator homes in on climate risks to U.S. markets

The report, by a 35-member panel formed last month by the Commodity Futures Trading Commission, “will address both the short-term financial risks that may be associated with the transition to a low carbon economy, as well as the current and future market and financial risks associated with the physical risks that will arise from a warming climate,” Bob Litterman, a partner at hedge fund Kepos Capital and the panel’s chair, said at a public meeting held at the CFTC’s Washington headquarters.

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