"Oil and gas companies' renewable deployment is anecdotal at best....
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Climate, Environment, Renewable Energy
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Net-Zero Banking Alliance winds up operations
The alliance, set up in 2021, was the banking industry’s main body...
SEBI chief warns investors on fraudsters offering guaranteed returns
Tuhin Kanta Pandey, Chairman,SEBI "Our survey reveals that an...
Auditors get tougher guidelines on judging firms’ environmental claims
The move by the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) comes as more companies are pushed to disclose data as part of efforts to fight climate change International auditors have...
Munich Re promotes Parametric solutions for Cat losses in India
An one day event on ``Disaster Risk Transfer and Financing Solutions for India'', organised by Munich Re, aims to bring together representatives from various Indian states, the insurance industry, government bodies, International organizations experienced in disaster...
Trump signs executive order directing US withdrawal from the Paris climate agreement — again
US President Donald Trump Trump also signed a letter to the United Nations indicating his intention to withdraw from the 2015 agreement, which allows nations to provide targets to cut their own emissions of greenhouse gases from the burning of coal, oil and natural...
“For Munich Re, it is of utmost importance that rates and conditions are risk-adequate to insure sustainability of the business”
With the beginning of the renewal season in Asian region, Hitesh Kotak, Chief Executive - Japan, India, Korea and South-East Asia, Munich Re, in an exclusive interview with Asia Insurance Post, has said the reinsurance market has currently achieved a sensible balance...
Electric Vehicles: Indian Automakers plan to launch dozen of new models
While EV sales growth in India is also slowing, rising 20 per cent in 2024 from a year ago to about 100,000 units, it outpaced the overall car market growth of 5 per cent over the same period Automakers operating in India plan to launch close to a dozen new electric...
Form panel to consider phasing out petrol, diesel vehicles: HC to Maha govt
A division bench of Chief Justice D K Upadhyaya and Justice Girish Kulkarni directed the government to form a committee of experts and civil administrators within a fortnight to consider whether it will be feasible to phase out diesel- and petrol-based vehicles from...
Allianz Risk Barometer 2025: Business interruption top business risk in Asia
Christian Sandric, Regional Managing Director of Allianz Commercial Asia, said, “Business interruption is the most significant risk for companies in the region and this is no surprise as Asian economies are increasingly participating in trade globally and regionally....
Vision-2047: India targets 100-pc severe weather detection, zero deaths
IMD Director General Mrutyunjay Mohapatra said the Vision-2047 document will help integrate weather and climate information into all national objectives, making India a "weather-ready" and "climate-smart" nation while improving socio-economic conditions. NEW DELHI:...
Global electric vehicle sales up 25% in record 2024
Sales in China jumped 36.5 per cent to 1.3 million vehicles in December, and totalled 11 million for the whole of 2024. Global sales of fully electric and plug-in hybrid vehicles rose by a quarter last year to over 17 million cars, helped by a fourth consecutive month...
Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds
The fires sweeping across Los Angeles are now on track to cause about $20 billion of insured losses, according to an estimate by analysts at JPMorgan Chase & Co. That’s twice as much as the Wall Street bank had predicted just 24 hours earlier as analysts try to...