While energy transition focuses on reducing future emissions,...
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Climate, Environment, Renewable Energy
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Nepal Floods Catastrophe:15 non-life insurers report losses of Rs25.87 billion
The scale of the claims is being driven primarily by engineering...
Before flood catastrophe, Nepal asked China for early warnings as risks mounted
"What we actually wanted from them, and still want, is if there are...
NGT issues slew of directives to Himachal Pradesh on gaps in waste management
The bench said the “state’s compliance obligations are to be understood not merely as administrative targets, but as constitutional imperatives of the highest order". New Delhi/Shimla:The National Green Tribunal has expressed dissatisfaction over the gaps in solid and...
El Niño poses weather-driven credit risks for LatAm transportation
The Panama Canal is exposed to specific hydrological risk, as reduced rainfall in the Gatún Lake watershed could again lower water levels, leading to draft restrictions and revenue pressure. Fitch Ratings says El Niño poses broad weather-related risks for Latin...
Strongest El Niño in 75 years, says US Climate Prediction Center
“Even the strongest El Niño events do not lead to the typical impact everywhere, but stronger events can more significantly tilt the odds in favor of expected outcomes,” the Climate Prediction Center said. El Niño “will strengthen through the end of the year, with a...
South Korea issues first emergency heatwave warning under new rating system
The new warning system was introduced to better deal with a rising number of heatwaves in South Korea, which have become longer and more intense, officials said. Seoul:South Korea issued its first-ever emergency heatwave alert on Sunday under a new warning system...
E20 may cut mileage by up to 5 pc but offers cleaner combustion, energy security benefits: Oil Min
In a detailed question-and-answer document issued to counter criticism of the Ethanol Blended Petrol Programme, the Ministry of Petroleum and Natural Gas said E20 was a "cleaner, higher-quality and more efficient fuel" than E10 or pure petrol and had been rolled out...
Aviva and AXIS launch new Lloyd’s consortium to power UK renewable energy growth
The partnership brings together two of the London Market’s leading renewable energy insurers, combining underwriting expertise and capacity across onshore wind, solar and battery energy storage systems into a single, coordinated solution. It is also the first Lloyd’s...
Banks’ exposure to heat-related losses faces scrutiny in EU
Heat-related damage tends to be less straightforward to measure than losses caused by floods and wildfires, the EBA said. For now, the next stress test measuring European bank resilience will focus on flood risk. The process, which extends into 2027, will be handled...
EL Nino to hit India’s energy system harder than anywhere else in world: CREA report
"Combine the lost output from renewables and the increased demand for power, and India could face a generation gap of nearly 18 TWh (terrawatt hour). Currently, the most likely outcome is a surge in coal-fired power, which would release an estimated 17 million tonnes...
Europe faces prolonged heatwave amid rising fire and electricity risks
Climate change is intensifying periods of extreme heat on the fastest-warming continent. The record-breaking heat and drought have fueled the worst start ever to the global wildfire season, with climate scientists warning that a developing El Niño could bring even...
Allianz warns of rising uninsurable assets
Extreme weather events — such as the heat wave gripping Europe — are making a growing number of assets too risky to insure, according to a director at Europe’s largest primary insurer. “Certain locations and perils cannot be covered as we would wish them to be...