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Droughts increasingly occurring in sync across India’s rivers due to climate change: IIT study
The findings provide critical insights into long-term trends in...
India steel exports face EU carbon tax hit, US tariffs impact minimal, offic says
Indian steel is predominantly produced using blast furnaces, where...
Global insured NatCat losses over $135 billion in 2024 , says Swiss Re
Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, says: "Economic development continues to be the main driver of the rise in insured losses resulting from floods, but also other perils, seen over many decades. However, with natural catastrophe risks rising and...
Italy makes it mandatory for companies to buy climate risk covers
Most Italian businesses — especially small and mid-sized ones — have no protection at all. The new law will require companies to buy coverage and insurers to write policies or face fines. The plan is backed by a €5 billion ($5.3 billion) reinsurance fund, set up by a...
Build capabilities to ensure correct assessment of climate change risks: RBI Dy Guv Rao
The climate-specific vulnerabilities’ interplay with real economy and financial sector vulnerabilities can lead to financial stability risks, Reserve Bank Deputy Governor M Rajeshwar Rao said New Delhi: Reserve Bank Deputy Governor M Rajeshwar Rao has stressed on...
Zurich Resilience Solutions and GoImpact Capital Partners forge strategic alliance for APAC climate resilience
Initially targeting businesses in Hong Kong, Singapore, and Malaysia, the strategic alliance aims to address key climate risks such as extreme weather events, supply chain disruptions, and operational vulnerabilities HONG KONG SAR: Zurich Resilience Solutions (ZRS),...
Vanuatu urges World Court to recognise climate change harms
Vanuatu, one of the small island states that has spearheaded the effort to get the World Court to give a so-called advisory opinion, was the first of more than 100 states and international organisations to give its views during two weeks of proceedings THE HAGUE:...
Over 100 countries back Plastic Treaty caps as talks reach fierce finish
As of Sunday, countries remained far apart on the basic scope of the treaty, with one option proposed by Panama – and backed by over 100 countries – that creates a path for a global plastic production reduction target and another which does not allow production caps...
EU seeks to streamline ESG regulations amid growing backlash
Asset managers have cautioned against letting streamlining morph into outright deregulation, which they worry would reduce the corporate transparency on which they rely to make ESG allocations The next European Commission will urgently seek to streamline the bloc’s...
ADB expands support for Philippines’ Climate Action with $500 million loan
In recent weeks, four strong typhoons impacted the Philippines one after the other, highlighting the country’s vulnerability to increased frequency and intensity of extreme weather events. Economic damages from climate-related disasters could be as high as 7.6% of...
Rapid increase of Himalayan glacial lakes, NGT issues notice to Centre others
Taking cognisance of a news report showing about 10.81 per cent increase of the glacial lakes in the last 13 years due to the rising temperatures, Justice Prakash Shrivastava and expert member A Senthil Vel said the report had outlined the sudden growth of these lakes...
Developing nations blast $300 billion COP29 climate deal as insufficient
The showdown over financing for developing countries comes in a year scientists predict will be the hottest on record. Climate woes are stacking up, with widespread flooding killing thousands across Africa, deadly landslides burying villages in Asia, and drought in...