Hurricane Melissa will trigger the $150 million, International Bank...
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Climate, Environment, Renewable Energy
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World’s first Climate Resilience Bond issued by Tokyo Metropolitan Government
“This new bond label is a notable development for the market.The...
India aims 70 pc carbon emission cut per tonne of cargo by 2047: Sarbananda Sonowal
“With our unique geography along key global trade routes, India is...
Global accounting body wants more rigour in showing climate impacts
Investors have said they want to know whether assets will retain their value going forward as climate change impairs them, such as through flood damage London: The IASB launched a consultation on Wednesday on proposed guidance for companies to apply the board’s...
Companies ‘Paralyzed’ as Australia plans tough climate rules
Authorities estimate the average cost of compliance to be A$1 million ($655,550) but some large organizations calculate the total is likely to be above A$3 million, said Jillian Button, head of climate change at law firm Allens Australia’s plans to introduce stringent...
Uttarakhand CM calls for policies specific to Himalyan state’s needs
Pushkar Singh Dhami,Chief Minister,Uttarakhand The CM said that there was a pressing need to work on water conservation and increasing the ground water given the drinking water crisis in many cities. A Spring and River Rejuvenation Authority has been formed in...
Govt to release financial sector vision, strategy document for 5 years, rules for FDI to be simplified
Shailaja Lall, Partner, Insurance & Reinsurance, Shardul Amarchand Mangaldas & Co, commented the budget has announced that there will be some simplification of the rules and regulations pertaining to FDI, which will be keenly awaited by foreign investors in...
Budget 2024-25: FM announces 9 priorities
Presenting her seventh straight budget, Sitharaman said the government undertakes comprehensive review of research to develop climate-resilient seeds. In the next two years, one crore farmers will be initiated in natural farming,Finance Minister Nirmala Sitharaman New...
The fund managers Cat modeling keep winning bets
Karen Clark, co-founder and chief executive officer of the Boston-based firm that carries her name, says the cumulative effect of past climate change is an 11% jump in insured losses related to hurricanes. Her firm’s projections to 2050 suggest that climate change...
EU markets watchdog signals a hard line on new ESG disclosures
The European Securities and Markets Authority acknowledged that complying with the new European Sustainability Reporting Standards creates “challenges” for companies, and the first reports, due next year for the largest firms, will constitute a “milestone in the...
June warmest on record every month since July 2023 breached 1.5 deg C threshold
This was also the 13th consecutive month of record-high temperatures, driven by the 2023-24 El Niño event and human-caused climate change. A similar streak occurred in 2015-2016 New Delhi: With millions experiencing scorching heat last month, the European Union's...
Not politics, not interest rates: India’s surging economy at risk from water
The shortages are affecting rural and urban Indians alike, disrupting agriculture and industry, stoking food inflation and risking social unrest. Contaminated water kills about 200,000 Indians each year, according to the government. People and the economy are...
Climate change can no longer be ignored: CJI
D.Y. Chandrachud,Chief Justice of India The CJI said he was delighted to know that these new GRIHA-rated court buildings will focus on heat island mitigation and reduce environmental footprint. Green Rated Integrated Habitat Assessment (GRIHA) -- a rating tool that...