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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...
Financing Climate Risks: Testing New Approaches
“Emerging market and developing economies face substantial financing gaps in low-carbon, climate-resilient investments. We need to step up climate action and crowd in private investment for countries most in need,” said Axel van Trotsenburg, World Bank Senior Managing...
Multi-disciplinary team to assess GLOF risks in Sikkim
Relief Commissioner Namratha Thapa said to mitigate the risk of glacial lake outburst floods in future, the government has established a technical committee tasked with reviewing the current status of glacial lakes in the state Gangtok: A multi-disciplinary team will...
APAC: Climate change response held back by insufficient data
“The deadly heat waves and catastrophic floods we’ve seen in recent months show us what’s at stake. We need high-quality data and robust statistical capacity to avoid policy blind spots and make sure our strategies for tackling the climate crisis are well-informed....
Malawian govt receives $11.2 million insurance pay out for Niño-linked drought
Malawi had a drought insurance policy through the bank and the African Risk Capacity Group, an agency of the African Union. The funds will support food assistance to around 235,000 households in some of Malawi’s hardest-hit regions and also help with direct relief...
India to spend $300 million to mitigate floods, conserve water in big cities
S. Vatsa, one of the three members of the National Disaster Management Authority, said of the Rs 2500 crore ($298 million), Mumbai, Chennai and Kolkata would each receive Rs 500 crore, while Ahmedabad, Hyderabad, Bengaluru and Pune will get 250 billion rupees each. No...
Urgent need to address $4 trn financing gap to accelerate SDG progress: FM
Nirmala Sitharaman, Finance Minister Addressing the third Voice of Global South Summit virtually, Sitharaman said that recent reports reveal that the implementation of many SDGs in developing economies is stagnating, with some indicators even regressing New Delhi:...
Sebi proposes to expand sustainable fin framework in securities market
In a consultation paper released on Friday, Sebi proposed that issuers, in addition to existing green debt securities, be allowed to raise funds through issuance of social bonds, sustainable bonds, and sustainability-linked bonds. These bonds will collectively be...
India only G20 nation to achieve climate targets, its efforts surprise world: PM Modi
Prime Minister Narendra Modi “We have met the climate targets set under the Paris Agreement ahead of schedule. India is the only nation among the G20 countries to do so, and we are proud of it,” the prime minister said New Delhi: India is the only country among G20...
2024 Cat bonds issuance set to exceed 2023 record
A fresh analysis by Swiss Re shows issuance of the bonds was well over $12 billion in the first half of 2024, putting it on track to exceed the $15.6 billion issued throughout 2023 Investors can face huge losses if a pre-defined catastrophe hits, but enormous gains if...
EV Battery Fires: South Korean blaze puts spotlight on safety concerns
Auto experts say EV battery fires burn differently than fires in internal combustion engines, often lasting longer and being harder to extinguish as they have a tendency to reignite South Korea is urging automakers operating in the country to disclose the manufacturer...