"The transition to clean energy is happening worldwide and it's...
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Climate, Environment, Renewable Energy
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Global study shows over half of Earth’s vital signs at record extremes
''Life on our planet is clearly under siege,'' said co-lead author...
World far off track on pledges to end deforestation by 2030 – report
Deforestation increased by 4% worldwide in 2022 compared with 2021,...
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.
Insurer Group warns on property losses due to Climate Change
The warning is the latest from the financial sector of the physical and financial risks posed by rising temperatures. While some investment strategists think climate change will offer opportunities, others warn of physical damage to commercial and residential real estate
Insurance not enough to offset financial risks of climate change, analysts say
Over the next 30 years, the risks from heatwaves, storm surges and floods will increase substantially because of warming already underway, the physical threats report noted
International push to improve food safety
Climate change and the globalization of food production, coupled with a growing global population and increasing urbanization, pose new challenges to food safety. Food systems are becoming even more complex and interlinked, blurring lines of regulatory responsibility. Solutions to these potential problems require intersectoral and concerted international action.
2018 fourth hottest year on record: NASA
“2018 is yet again an extremely warm year on top of a long-term global warming trend,” GISS Director Gavin Schmidt said in a statement on Wednesday. Since the 1880s, the average global surface temperature has risen about 1 degree Celsius. This warming has been driven in large part by increased emissions into the atmosphere of carbon dioxide and other greenhouse gases caused by human activities.
Insurers need to diversify investments to tackle climate risks:IRDA chief
Alice Vaidyan, CMD, GIC Re said that the reinsurance and insurance sector have witnessed varies catastrophes in the last few years and in case of hurricane scenario, some patterns can be found. She emphasised that there is urgent need by insurers and govt. to put forth finances and support the risk management processes.