This debt fund will invest in small to medium-sized commercial...
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Climate, Environment, Renewable Energy
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Climate Change: Life-threatening heat domes confound forecasters
Wildfires and droughts are often the byproduct of extreme heat and...
World’s largest oil gas companies involved in under 1.5 pc renewable energy projects: Study
"Oil and gas companies' renewable deployment is anecdotal at best....
Govt to spend Rs10,900 crore to enhance electric vehicle mobility
The primary objective of the PM E-DRIVE scheme is to expedite the adoption of EVs by providing upfront incentives for their purchase, as well as by facilitating the establishment of essential charging infrastructure for EVs. The PM E-DRIVE scheme aims to promote EVs...
Govt clears ‘Mission Mausam’ with an outlay of Rs2,000 cr for transformative initiatives on climate-related science
The mission's focus will include improving observations and understanding for providing highly accurate and timely weather and climate information across temporal and spatial scales, including monsoon forecasts, alerts for air quality, extreme weather events and...
Average annual NatCat losses for global insurance industry reaches new high of $151 billion: Verisk
“While actual annual insured losses over the past five years have been high, averaging $106 billion, they should not be seen as outliers,” said Rob Newbold, president of Verisk Extreme Event Solutions BOSTON, MA: Verisk, a global data analytics and technology...
Expect good Wayanad relief package from Centre; Gadgil, Kasturirangan reports not pragmatic, says Kerala CM
Chief Minister Pinarayi Vijayan dismissed as "not pragmatic" the recommendations made by the Madhav Gadgil and Kasturirangan committees on ecologically sensitive areas of the Western Ghats, saying the panels did not consider the societal expectations and ground...
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:...