Category:

Climate, Environment, Renewable Energy

Global assessment shows hundreds of species face extinction without immediate action

“We now recognise 853 AZE sites – far more of these last refuges for species than previously known. In order to save any species, the number one priority is to protect their habitats, but 43 per cent of these sites lack any formal protection whatsoever” said Dr Ian Burfield, Global Science Coordinator at BirdLife International and lead coordinator of the new AZE site assessment.

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UN  collaborates with global insurers to tackle climate change impacts 

The pilot group will develop analytical tools that they will use to pioneer insurance industry climate risk disclosures that are in line with the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD). This will require them to make use of the latest climate science, including some of the most advanced, forward-looking climate scenarios available.

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India’s insurance gaps rise, at $27bn it constitutes 1.0% of its GDP :Lloyd’s report

In Lloyd’s Underinsurance Report 2018, underinsurance continues to represent a significant threat to global economic development with an estimated US$163bn of assets underinsured in the world today.While the global gap has closed by almost 3% over the last six years, the gap for Asian countries included in the report has widened by 9.4% to US$134bn. At the same time, the world has seen a series of extreme weather-related catastrophes and new risks such as cyber attacks have emerged, posing additional threats to society.

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Limiting global warming to 1.5°C requires “rapid & far-reaching” transitions in land, energy, industry, buildings, transport & cities:IPCC

“One of the key messages that comes out very strongly from this report is that we are already seeing the consequences of 1°C of global warming through more extreme weather, rising sea levels and diminishing Arctic sea ice, among other changes,” said Panmao Zhai, Co-Chair of IPCC Working Group I.

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CO2 emissions cost India $210 billion every year: Study

The model accounts for everything that happens in the economy today that is sensitive to environmental conditions, said Ricke.”This includes agricultural yields, vector borne disease, reduced worker productivity due to heat, increased frequency of extreme precipitation resulting in infrastructure damages or any of the other many ways that human systems get impacted by climate conditions,” Ricke added.

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