Jérôme Jean Haegeli,Chief Economist, Swiss Re A high number of...
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IFC,DFC and African Risk Capacity launch reinsurance fund to protect African smallholders impacted by climate crisis
Despite these increasing risks, subsidized agri-insurance is only...
Hailstorm Claims Risk Undermining Solar Energy, Insurer Says
Insurers are beginning to reduce coverage for solar businesses due...
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.
India recognises the need for environmentally sustainable development strategy: IMF
“India has introduced a very interesting new instrument, which is a clean environment cess. It’s an excise tax, but it is an excise tax that targets coal production and import. There is a very interesting instrument and it’s one which is very appropriate for India, because India can make a tremendous amount of progress by targeting reductions in energy production using coal,” the top IMF official said.
Late Indian season monsoon floods cause $10 bn in economic losses:Aon
However, given the low levels of residents and commercial assets with insurance policies in the region, only a small fraction of this total will be covered by insurance payouts, said Aon’s weekly Cat Report.
Axis Capital drops bid to cover Adani’s Australian coal mine project
“The Adani Group’s giant Carmichael coal mine is incompatible with international climate targets and AXIS is the 15th insurer and 58th financial institution to rule out support for this project,” said Peter Bosshard, coordinator of the Unfriend Coal campaign.
World’s largest banks lagging in sustainable finance: Report
Among those 23 banks with commitments, the average annual level of fossil fuel finance between 2016 and 2018 is nearly twice the annualized amount of sustainable finance commitments. Only seven banks had annualized sustainable finance targets greater than the amount of finance they provide for fossil fuel-related transactions.
An India-Pakistan nuclear war could kill millions, threaten global starvation
The researchers calculated that an India-Pakistan war could inject as much as 80 billion pounds of thick, black smoke into Earth’s atmosphere. That smoke would block sunlight from reaching the ground, driving temperatures around the world down by an average of between 3.5-9 degrees Fahrenheit for several years. Worldwide food shortages would likely come soon after.
India shelves plan on countrywide ban on single-use plastic products
India, which uses about 14 million tonnes of plastic annually, lacks an organised system for management of plastic waste, leading to widespread littering.