The entire Himalayan belt is increasingly vulnerable to...
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Insurance Development Forum raises $340 million for Infrastructure Resilience Development Fund
This debt fund will invest in small to medium-sized commercial...
Climate Change: Life-threatening heat domes confound forecasters
Wildfires and droughts are often the byproduct of extreme heat and...
India has received USD 1.16 billion in climate finance so far: Govt
Several measures, including the National Mission for Sustainable Agriculture, have been taken up to deal with the impact of climate change on agriculture, Union Environment Minister Bhupender Yadav New Delhi: India has so far received USD 1.16 billion for climate...
India ranks 3rd globally for LEED green building certification in 2024
Gopalakrishnan Padmanabhan, Managing Director – Southeast Asia & Middle East, GBCI, said, "India’s remarkable achievement of 370 LEED-certified projects in 2024 highlights the country’s steadfast commitment to sustainable development and climate action." New...
Year begins with warmest January despite shift towards cooling La Nina
"The fact that we're still seeing record temperatures outside of the influence of El Nino is a little surprising," said Samantha Burgess, Strategic Lead at the European Centre for Medium-Range Weather Forecasts, which runs the C3S service BRUSSELS: Last month was the...
Corporate ‘Irritation’ over ESG fueled by significant costs
There’s evidence to suggest that fund managers devoting lots of energy to their ESG strategies aren’t necessarily being rewarded by investment clients. Funds complying with the EU’s strictest ESG standards suffered record outflows last quarter, according to a research...
LA wildfire losses can touch $164 billion, report says
Insured losses are estimated at $75 billion.The disaster will reduce L.A.’s gross domestic product by $4.6 billion, or about 0.5%, in 2025. Insured losses may cover only a fraction of the costs for fire victims. Many property owners seeking to rebuild were...
Europe’s insurers may face new capital rules for climate risk
The goal is “to ensure the continued protection of policyholders and the overall stability of the EU’s insurance market amid more erratic and damaging weather patterns,” EIOPA said Europe’s insurance watchdog has called for a recalibration of capital requirements to...
Sebi member expresses concerns over misleading disclosures related to ESG metrics
Speaking at the ESG Summit organised by the industry body FICCI here, Sebi Whole-Time Member Amarjeet Singh also said that regulators need to enhance their oversight capabilities and introduce legislative changes as the sustainable finance market expands. Mumbai: A...
Closing Crisis Protection Gap: Leaders call for 10 fold higher finance to meet cost of future crises
Less than $1 of every $5,000 of crisis finance goes to low income countries in the form of prearranged finance. Annual global economic losses from unmitigated climate change are projected to range between $7 trillion and $38 trillion by 2050 The High-Level Panel on...
Climate change will lead to higher deaths in Europe, Study shows
Researchers found that if planet-warming carbon emissions continue to rise, higher temperatures would result in some 2.3 million extra deaths by 2099 across 854 European cities. As Europe gets hotter, more people are expected to die from extreme heat, outweighing the...
Oceans are warming four times faster as earth traps more energy
Global ocean temperatures hit record highs for 450 days straight between 2023 and early 2024, which helped fuel massive hurricanes. While some of this warmth came from El Niño, the study showed that 44% of the record warmth was caused by oceans absorbing heat at a...