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Climate Risks: More than 450 people sue Japan govt seeking damages of 1,000 yen ($6) each
The case in Japan follows similar global lawsuits in which groups...
Munich Re and Germany’s KfW Development Bank launch a state-backed geothermal risk insurance
Geothermal power is an abundant energy source that can provide...
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...
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...