Jean-Paul Conoscente, CEO of SCOR P&C, commented: “Restore...
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Climate, Environment, Renewable Energy
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2025 among world’s three hottest years on record,WMO says
The WMO, which consolidates eight climate datasets from around the...
Geo-economic confrontation tops global risks for 2026: WEF Report
Anxiety over artificial intelligence outcomes rose substantially,...
Global banking regulators agree to prioritise climate risk work
The oversight body of the world’s forum for banking regulators met on Monday to take stock of the committee’s work on climate-related financial risks and agreed to prioritize efforts to understand financial risk implications of extreme weather events, the Bank for...
German reinsurers post profit falls after $1.9 billion Los Angeles fire claims
“The devastating wildfires in California are another example of how climate change is exacerbating the risks of extreme weather events,” said Hannover Re Chief Executive Clemens Jungsthoefel Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp...
EU changes to sustainability law risk company lawsuits, legal scholars say
The EU’s plan to simplify the Corporate Sustainability Due Diligence Directive (CSDDD), which was proposed as part of an omnibus bill put forward by the European Commission in February, “is really risky,” said Thom Wetzer, founding director of the Oxford Sustainable...
Finmin invites suggestions on draft climate finance taxonomy
India's climate finance taxonomy will facilitate greater resource flow to climate-friendly technologies and activities, enabling the country to achieve the vision of becoming net zero by 2070 while ensuring long-term access to reliable and affordable energy, the...
Blackout Risks: Guarding grid stability for uninterrupted energy access
As Europe has learned, preventing grid collapse is a constant endeavor, not a battle that you only fight once. India's government has prioritized energy access, vastly expanding availability to households and building more generation capacity. It is now time for it to...
Agri minister Chouhan unveils first genome-edited rice varieties, yield to rise up to 30 pc
Shivraj Singh Chouhan,Union Agriculture Minister These genome-edited rice varieties represent a major advancement in India’s agricultural biotechnology, offering practical solutions to the dual challenges of climate change and food security. They also demonstrate the...
Heat Waves: Global Climate Change Need To Be Addressed
Various initiatives have been undertaken by the Government of India with the help of States to reduce the impact of heatwaves in the coming years. The National Action Plan on Climate Change (NAPCC) and State Action Plan on Climate Change (SAPCC) are one of the major...
Megatrends: 4 Interconnected Issues Driving Global Uncertainty For Business and Society
The megatrends of Trade, Technology, Weather and Workforce are creating unprecedented challenges for business leaders, who risk decision paralysis when urgent action is needed," said Greg Case, president and CEO of Aon Aon plc a leading global professional services...
Climate change may lead to increased probability of defaults: RBI DG Rao
M Rajeshwar Rao,deputy governor, Reserve Bank of India "Climate change would lead to additional operational costs for the borrowers with an increased possibility of loss of their assets, leading to increased probability of default by the borrowers," he said at Credit...
Bajaj Allianz General unveils retail parametric cover for climate risks
L to R -Alpana Singh, Head - Bancassurance, Agri and Govt Business, Bajaj Allianz General Insurance (BAGIC),Kripan Ghosh, Deputy Director General and Head, Agricultural Meteorology Division, Climate Research and Services, IMD Pune, Tapan Singhel, MD & CEO,BAGIC at...