The National Disaster Management Authority, the finance ministry...
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Climate, Environment, Renewable Energy
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Geopolitical volatility surges into top 10 business risks for the first time, Aon study
"The dramatic rise of trade and geopolitical risk highlights a new...
Over 90 flights cancelled scores delayed as rains batter Kolkata
The aviation chaos mirrored the citywide disruption as Kolkata lay...
Global natural disasters cause $ 320 bn of economic losses, $140 bn of insurance claims in 2024 : Munich Re
Weather catastrophes were responsible for 93% of overall losses and 97% of insured losses. Around 11,000 people lost their lives as a result of natural disasters in 2024 – significantly fewer than the average. Non-peak perils are increasingly fuelling the trend of...
Wildfires rage in Los Angeles, forcing tens of thousands to flee
Numerous buildings were destroyed and nearly 3,000 acres (1,200 hectares) burned in the Pacific Palisades area between the beach towns of Santa Monica and Malibu, officials said. The area is home to many film and music stars. LOS ANGELES: More than 30,000 people...
A top climate group for banks and asset managers is making changes
While GFANZ has grown in prominence — it now has more than 700 members — it also has become a target of US Republicans who accuse such alliances of functioning as anti fossil-fuel cartels. Such accusations have coincided with an increase in investigations and lawsuits...
Biden to permanently ban new offshore oil and gas exploration in some US coastal waters
US President Joe Biden The move is certain to complicate President-elect Donald Trump’s ambitions to drive more domestic energy production. Unlike other executive actions that can be easily undone, Biden’s planned declaration is rooted in a 72-year-old law that gives...
Morgan Stanley to leave sector climate coalition
"These exits reveal the inadequacy of voluntary commitments and underscore the urgent need for state-level leadership and regulation," Vanessa Fajans-Turner, executive director of Environmental Advocates NY, said in a statement LONDON: Investment bank Morgan Stanley...
High nitrate levels in groundwater threaten public health in 440 districts: Report
Rajasthan, Karnataka, and Tamil Nadu had over 40 per cent of samples above the limit while there was high contamination in samples from -- Maharashtra at 35.74 per cent, Telangana at 27.48 per cent, Andhra Pradesh at 23.5 per cent and Madhya Pradesh at 22.58 per cent...
India cut GDP emission intensity by 36 pc during 2005-2020 Govt report
India continues to decouple economic growth from greenhouse gas emissions. Between 2005 and 2020, the emission intensity of India's GDP declined 36 per cent, India's fourth Biennial Update Report (BUR-4) submitted to the United Nations Framework Convention on Climate...
NGT kept close watch on environmental concerns, issued several orders in 2024
The maintenance of the pristine sanctity of venerated rivers, including the Ganga and Yamuna, particularly in the light of the upcoming Mahakumbh in Prayagraj was another concern before the green body New Delhi: The National Green Tribunal dealt with a wide range of...
2024 missed the climate moment but all’s not lost
Fossil fuels are the main culprit, accounting for over 75 per cent of global GHG emissions, but ditching them for renewable energy is easier said than done, especially for poor countries in the Global South. They depend on them for jobs and cheap energy, and lack...
Climate change risks impacting financial system, need India-specific data: RBI’s Dy Gov
“Over the last few years, we have taken several incremental measures in this direction. It started with the setting up a dedicated group within the Bank to assess climate change risks and foster a robust ecosystem for sustainable finance,” said Reserve Bank of India...