Brazil's Science Ministry blames the drought on this year's onset...
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Lloyd’s approves Oka syndicate-in-a-box 1922, to focus on solution to protect against buyer-side carbon credit risks
The volume of carbon credit purchases has quadrupled over the past...
Howden launches climate-focused parametric insurance unit
The global market for parametric insurance is expected to reach...
Power & renewable energy companies facing considerable disruption:Willis Report
George Nassaouati, Head of Natural Resources, Asia at Willis Towers Watson, commented: “It is incumbent on the insurance industry to embrace the risks presented by these new developments and provide the appropriate risk advisory and risk transfer / retention solution. It is essential that today’s power and renewable organisations prepare themselves for the turbulence that disruptive change inevitably brings.”
A.J. Gallagher’s ‘clean coal’ business draws ire of green investors
Now, the Green Century Funds and Calvert Funds – which include A.J. Gallagher in their portfolios based on its record as an insurance firm, not a coal supplier – said they will review the company’s green credentials. Green Century and Calvert are two of nation’s leading money managers focused on corporate environmental, social and governance matters.
World Bank Gr announces $50 bn over five yrs for Climate Adaptation & Resilience
Our new plan will put climate resilience on an equal footing with our investment in a low carbon future for the first time. We do this because, simply put, the climate is changing so we must mitigate and adapt at the same time,” said World Bank Chief Executive Officer Kristalina Georgieva. “We will ramp up our funding to help people build a more resilient future, especially the poorest and most vulnerable who are most affecte
65% chance that weak El Niño will emerge in Spring, U.S. Weather Service
El Niño can affect rainfall and temperature patterns in many regions, with important consequences for agricultural and food security sectors, according to the United Nations World Meteorological Organization.
Underestimating Climate Change Risks could hit iInvestors: Opinion
A comprehensive new study most companies expect climate change will increase their operational costs and reduce or disrupt production capacity due to events such as floods, drought or hurricane damage. And awareness is growing rapidly: The number of companies seeing such risks as either “virtually certain” or “more likely than not” to occur surged from 34 percent in 2011 to 67 percent in 2016. Yet serious complacency persists
India among first five nations to submit Sixth National Report: Environment Ministry
“While globally, biodiversity is facing increasing pressure on account of habitat fragmentation and destruction, invasive alien species, pollution, climate change and oversuse of resources, India is one of the few countries where forest cover is on the rise, with its forests teeming with wildlife.”
New auto policy, FAME II to drive India’s clean mobility push in 2019
The Society of Manufacturers of Electric Vehicles (SMEV) estimates the EV sales to more than double to around 2 lakh units next year, on the back of supportive policy environment
Himalayan glaciers retreating at alarming rate: Parliamentary panel
The panel chaired by senior BJP leader Murli Manohar Joshi noted that “reckless and irresponsible” tourism in the Himalayan ecosystem is one of the major reasons for environmental degradation and asserted that with the construction of roads and luxurious amenities for tourists, the number of people visiting has vastly increased which is increasing the pressure on the ecosystem.
10 global re/insurers refuse cover to Adani Group’s $16.5bn Australian coal mine
A campaign by 73 prominent environmental organizations,which collectively represent 76 million members, penned a letter to 30 global re/insurance companies earlier this month urging them to rule out any providing any services for the controversial coal mine and its associated rail project
Next generation of combustion engines, in 2026, to be the last: Volkswagen
Wolfsburg, Germany: Volkswagen's strategy chief said on Tuesday the German carmaker's core brand will develop its final generation of vehicles using combustion engine technology in 2026. Volkswagen made a strategy shift towards...