Around 380GW of offshore capacity is expected to be added across 32...
Category:
Climate, Environment, Renewable Energy
Latest
US home insurance ‘Bubble’ closer to popping as climate risks mount: Report
At the core of the problem is an increase in the severity of...
Annual cost for reaching the SDGs? More than $5 trillion
When expanded to cover all developing economies, using the median...
One million species risk extinction due to humans: draft U.N. report
Deforestation and agriculture, including livestock production, account for about a quarter of greenhouse gas emissions, and have wreaked havoc on natural ecosystems as well.
SBI offers 20 bps discount on electric vehicle loans
“We believe SBI green car loan (electric vehicle) scheme would act as a change agent in the auto loan segment and encourage customers to switch to electric vehicles which can improve overall air quality and lower carbon emissions,” SBI managing director, retail and digital banking, PK Gupta said.
More US industries depend on weather tracking
About one-third of the U.S.’s $18 trillion gross national product is generated by industries vulnerable to changes in the weather. There were 14 weather events that caused at least $1 billion in damages in the U.S. last year, according to the National Centers for Environmental Information. That’s more than the 6.2 per year average from 1980 to 2018.
AT&T is using models to prepare for natural disaster costs
Of the 30 largest publicly traded U.S. companies by market capitalisation, 20 say they have identified “inherent climate-related risks with the potential to have a substantial financial or strategic impact” on their businesses, according to reports provided to CDP, a U.K. nonprofit.
NYC Mayor proposes $10B plan to flood-proof Manhattan as Climate Risk grows
President Donald Trump’s skepticism that climate change is the result of carbon-dioxide emissions from the use of fossil fuels means that the city can’t rely on federal funds unless someone else occupies the White House, New York Mayor Bill de Blasio said. Climate scientists overwhelmingly consider such emissions as the driver of rising global temperatures.
Tata Motors’ JLR recalls 44,000 cars over CO2 emission levels
The European Commission’s rapid alert system warned that JLR’s cars “may emit excessive levels of CO2 and may not conform with the certified condition”.
Only 4% green buildings in India due to lack of expertise, funding: Survey
“India is getting bit of a slow start but it would be catching up. The most exciting data that we have is that 46 per cent of the organisations in India are willing to pay a premium to lease space in a green building,” Clay Nesler, the Vice President of the Johnson Controls told PTI.
World’s biggest sovereign wealth fund to decide on dumping oil
The decision is also important given the fact that the positions taken by the fund — which controls 1.4 percent of global market capitalisation — are closely watched by other investors.In another significant move, the fund has already pulled out of the coal industry, both for environmental and financial reasons.
Munich Re’s innovative coverage for battery performance in renewable energy
Peter Röder, Member of the Board of Management at Munich Re: “The ability to insure battery performance is a key piece of the puzzle in decarbonising our energy sector. For the first time, battery manufacturers can insure against the risk of their products not delivering as promised. With this new coverage, Munich Re has again demonstrated its pioneering role in the insurance of climate-friendly technology.”
Supreme Court limits International Groups’ immunity for commercial activity in U.S.
The U.S. Supreme Court opened some American-based international organizations to lawsuits, ruling that a World Bank affiliate must defend against allegations it is responsible for environmental damage caused by a power plant in India.Voting 7-1 on Wednesday, the court said sovereign immunity doesn’t protect those international organizations in the U.S. when they are involved in commercial activities.