"But climate change is fundamentally different to other shocks...
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Climate, Environment, Renewable Energy
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BIS sees climate losses hitting governments as insurers exit
Financial watchdogs are stepping up scrutiny of insurers to monitor...
Climate vulnerable nations could get insured for $10 mln a year each -research
With rich nations under pressure to fill the pot, researchers from...
Australia’s Suncorp to phase out exposure to thermal coal by 2025
Insurers globally have been reducing their business around coal. Insurer Chubb and Zurich Insurance Group have both in the past month revised their policies to limit their thermal coal exposure.
AIG appoints first chief sustainability officer
To provide greater transparency into this strategy and align reporting activities with industry standards, the company has issued its first Task Force on Climate-related Financial Disclosures (TCFD) report.
Europe faces heatwave with London and Paris expected to break July records
Europe is facing a second heatwave this summer, just weeks after the hottest June on record, intensifying concern over climate change and the rise in extreme weather events. Swathes of northwest Europe will struggle to remain cool as a blast of hot air from the...
Rhine river shipping faces another historic shutdown as drought hits water levels
Reflecting a trend seen in the Himalayas, the Rockies and other mountainous regions of the world, alpine glaciers have shrunk steadily as global warming makes melting in summer outpace accumulation of snow in winter. That means there’s less water feeding rivers each year. An April study by ETH Zurich predicts that half of the Alps’ glaciers could disappear within three decades.
United States swelteres in dangerously hot weather
Earlier in the day the NWS said “numerous stations” stretching from Massachusetts in the north to North Carolina in the south “were reporting heat index values between 100-110” degrees, with the highest values found in the southeast of the state of Virginia.
Freak weather poses new risk to India’s renewables goals
It’s not just unpredictable rainfall but also solar radiation in India that can no more be taken for granted. Over the last 6-8 months radiation has been lower by 4% to 6%, hurting power generation, according to Vinay Rustagi, managing director at renewable energy consultancy Bridge to India Energy Pvt.
French utility EDF prepares its nuclear reactors for climate change
The company has created a team of 15 climate experts to better predict the impact of a changing climate on its operations and the surrounding environment. The team, formed in 2015, studies several metrics including river temperatures, wind and solar power output, sea levels and the resilience of its power plants to flooding and lightning
80 city-centric plans coming soon to make earth green, sky blue again: Prakash Javadekar
He said the special scheme for pollution control has been launched in 102 cities, adding 80 city-centric action plans are ready and will be launched soon.The action plans will aid civic administrations in tackling city-specific pollution aspects like solid waste management, vehicular pollution, industrial emissions, dust management etc, the minister said.
Economic Survey 2018-19: Emphasise on EVs, frame policy to reduce total ownership cost
The Survey further said that given the commitments that India has made on the climate front as a nation and the increasing awareness of the consumers on environmental aspects, it is likely that larger and larger share of the automobile sector will be in the form of electric vehicles.
Britain’s green finance strategy could mandate corporate Climate Risk disclosure
“The re-allocation of tens of trillions of dollars of capital towards green investment offers the potential to reshape cities, energy systems and land use around the world. The nature of this investment … will determine the future of our climate,” the report said.