Directors could be held personally liable for breaching their “duty...
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Climate, Environment, Renewable Energy
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Electric cars to increase by almost 10 times by 2030: International Energy Agency
"The transition to clean energy is happening worldwide and it's...
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...
Climate Change Is Beginning to Shift Planet’s Seasons: Scientists
“There are a lot of observations that the seasonal cycle is changing, and it is also one of the things that is most noticeable in everyday life with trees flowering earlier,” said Friederike Otto, an associate professor at the University of Oxford’s Climate Research Programme.
Europe’s Banks move to greener finance in response to Climate Change Risks
The strategy is to invest in cross-asset portfolios that include World Bank bonds, green bonds and environmental, social and governance-focused equity funds. The wealth manager expects the approach to generate returns comparable with its conventional strategies.
Rising sea levels may cost $14 trillion worldwide annually by 2100: Experts
“More than 600 million people live in low-elevation coastal areas, less than 10 metres above sea level. In a warming climate, global sea level will rise due to melting of land-based glaciers and ice sheets, and from the thermal expansion of ocean waters,” said Svetlana Jevrejeva, from the UK National Oceanographic Centre
Almost Half of South Asia Vulnerable to Climate ‘Hotspots’: World Bank
More than 800 million people now live in areas predicted to become moderate-to-severe “hotspots,” or affected areas, by 2050 under the carbon intensive scenario, with India accounting for almost three-quarters of them, the report said
Climate Change:Swiss Re stops covers for businesses with 30% thermal coal exposure
It is a further step in refining Swiss Re’s approach to managing carbon-related sustainability risks and supporting the transition to a low-carbon economy.The thermal coal policy applies to both existing and new thermal coal mines and power plants, and is implemented across all lines of business and Swiss Re’s global scope of operations.
Climate change could cost India 2.8% of GDP by 2050:World Bank
“These weather changes will result in lower per capita consumption levels that could further increase poverty and inequality in one of the poorest regions of the world, South Asia,” said Muthukumara Mani, Lead Economist World Bank.
Global Warming Likely to Exceed Paris Agreement Cap of 1.5°C by 2040: UN
“Economic growth is projected to be lower at 2°C warming than at 1.5° for many developed and developing countries,” the UN report said , drained by impacts such as floods or droughts that can undermine crop growth or an increase in human deaths from heatwaves.
Antarctica’s ice sheet is melting 3 times faster than before
In the last quarter century, the southern-most continent’s ice sheet – a key indicator of climate change – melted into enough water to cover Texas to a depth of nearly 13 feet (4 meters), scientists calculated. All that water made global oceans rise about three-tenths of an inch (7.6 millimeters)
European Corporations Given Guidance on Factoring Climate Risk in Financials
Concerns in the financial community that assets are being mispriced because climate risk is not being factored into financial reporting has prompted demand for more meaningful and transparent climate-related financial information.
Strict curbs on global warming to buoy world economy: Study
The Paris accord, among almost 200 nations, set a goal of limiting a rise in average world surface temperatures to “well below” 2 degrees Celsius (3.6 Fahrenheit) above pre-industrial times by 2100, while “pursuing efforts” for 1.5C (2.7F).