Hurricane Melissa will trigger the $150 million, International Bank...
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Climate, Environment, Renewable Energy
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World’s first Climate Resilience Bond issued by Tokyo Metropolitan Government
“This new bond label is a notable development for the market.The...
India aims 70 pc carbon emission cut per tonne of cargo by 2047: Sarbananda Sonowal
“With our unique geography along key global trade routes, India is...
El Nino, La Nina forecast: Weather Agencies grapple with prediction challenges
An accurate read on the status of the El Niño-Southern Oscillation is essential for governments, energy markets and farmers planning their cropping regimes, especially as global warming exacerbates extreme weather. Warm and cold phases can cause sapping droughts or...
Financial, capacity constraints of EU’s carbon border policy may disrupt India’s steel sector: Study
Being implemented since October 2023, the Carbon Border Adjustment Mechanism (CBAM) aims to apply carbon content-based charges on imports of certain emission-intensive products such as steel from countries with less stringent emission regulations, including India New...
SBI aims to be Net-Zero by 2055: Setty
C S Setty, Chairman ,SBI Mumbai: State Bank of India Chairman C S Setty on Sunday said the largest Indian lender is targeting to be Net-Zero by 2055. The bank, the largest in the country, will be celebrating its centenary year of existence then, he said. Setty made...
Climate Goals Still Make Business Sense, Rio Tinto CEO Says
Jakob Stausholm,Chief Executive Officer, Rio Tinto Group His comments come as firms from Walmart Inc. to the Coca-Cola Co. defer or abandon climate and environmental ambitions, arguing policy settings and slow advances in technology are making planned emissions cuts...
Taiwan to deploy investment from insurance funds to help finance island’s green energy
Taiwan is phasing out coal-fired power stations and shifting to liquefied natural gas, as well as investing in solar and wind projects Taiwan aims to get more than $1.5 billion in investment from insurance funds to help finance the island’s green energy transition as...
EU to review corporate liability under Europe’s toughest ESG Law
Plans to cut reporting requirements — especially for small and medium-sized companies — have been well-flagged, but officials are now also looking at ways to ease rules that require firms to clean up their value chains under the Corporate Sustainability Due Diligence...
World may have already missed its chance to limit global warming to 1.5C:Study
In 2024, global temperatures reached 1.5C for the entire year, the first time it’s happened in recorded history. It was a stark departure from previous projections: The Intergovernmental Panel on Climate Change report published just a year earlier suggested that...
Los Angeles Wildfires: A Wake-up Call For Re/Insurers
Wildfire exposures can be mitigated by relatively simple and cost-effective measures that fall under the responsibility of local governments and communities and include disaster planning, forest management, maintenance of key / vulnerable infrastructure, building...
Jan1 Renewals: Hannover Re’s Asia-Pacific premium growth remains modest
"Adequate prices and conditions continue to be indispensable for sustainable reinsurance protection. This is all the more true given that climate change and associated extreme weather events remain one of our greatest challenges. The wildfires around Los Angeles have...
ESG Backlash: Investors with 6 trillion euros warn EU not to weaken green rules
The warning coincides with mounting pressure from Germany and France, the European Union’s two largest economies, to scale back planned ESG regulations on concerns the requirements are preventing companies in the bloc from competing freely with their peers in the US...