In terms of risk management practices, the report pointed out that...
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Climate, Environment, Renewable Energy
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Willis and Rare partners to launch innovative insurance solution for fishers in the Philippines
Christopher Au, Head of APAC Climate Risk Centre, at Willis, said:...
Hurricane Melissa to trigger Jamaican Cat Bond, reinsurance losses
Hurricane Melissa will trigger the $150 million, International Bank...
World emission cut target will be missed by an overwhelming amount, UN climate chief warns
Total emissions of CO2 into the atmosphere in 2030 will only be 2.6% lower than in 2019, according to the latest climate plans put forward by countries, a synthesis compiled by UN Climate Change said Monday. To be consistent with a goal for a 1.5C warming limit, the...
Seeking profit emerging markets lose ESG appeal
ESG investments in developing nations have floundered over the course of the past year, with emerging markets recording a third year of consecutive outflows, largely due to tighter global monetary policies in both developed and emerging economies. Sustainable...
APAC reinsurers’ stable pricing in 2024 backed by adequate capacity, says Fitch
``We believe reinsurers can maintain profitability through rigorous risk selection and disciplined pricing amid rising competition, regulatory changes, climate impact and economic risks,'' said Fitch Jakarta: The APAC reinsurance market’s pricing in 2024 is stable due...
Climate, tech risks a threat to inflation targetting, says RBI Dy Gov Patra
Michael Patra, Deputy Governor, RBI Central banks face an "existential threat" to their inflation mandates from climate change through supply shocks, such as food and energy shortages, and a decline in productive capacity, Michael Patra said at a conference in New...
Ancient humans were so good at surviving last ice age they didn’t have to migrate like other species – new study
Populations of the same species that live in different places often have different genetics to each other. More recently scientists have studied how climate change has altered the distribution of these genetically distinct populations of species Humans seem to have...
World’s rivers faced the driest year in three decades in 2023, the UN weather agency says
“Water is the canary in the coalmine of climate change. We receive distress signals in the form of increasingly extreme rainfall, floods and droughts which wreak a heavy toll on lives, ecosystems and economies,” said WMO Secretary-General Celeste Saulo, releasing the...
Lloyd’s of London must stop supporting fossil fuel expansion says NGO
“Lloyd’s will continue to follow government policy and regulatory requirements globally, while remaining committed to support an urgent and orderly just transition and remain agile in response to external shocks,” the emailed statement said. London: The Lloyd’s of...
Global emissions likely have peaked as renewables rise
The cost of deploying solar panels and battery technology is due to drop by 19% by 2030, helping deliver record amounts of low carbon power. Renewables are due to grow to 2.2 times by 2030, well below the tripling set out during the COP28 United Nations Climate Change...
India’s EV market rises 23 pc in September with 1.59 lakh unit sales
Electric two-wheeler sales were 0.90 lakh units, a rise from 0.64 lakh units in the same month last year. The electric three-wheeler segment saw 0.63 lakh unit sales, compared with 0.58 lakh units in September 2023, as per the data New Delhi: In a boost for the...
Climate change hit over 50 pc cotton farmers surveyed in Maharashtra, Gujarat in 5 years: Report
"There are some government programmes and insurance schemes to help them, but our research shows they are not well known and may not provide comprehensive support in any case. While farmers are already doing what they can to protect their livelihoods, the government...