The entire Himalayan belt is increasingly vulnerable to...
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Climate, Environment, Renewable Energy
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Insurance Development Forum raises $340 million for Infrastructure Resilience Development Fund
This debt fund will invest in small to medium-sized commercial...
Climate Change: Life-threatening heat domes confound forecasters
Wildfires and droughts are often the byproduct of extreme heat and...
Heat-dome: Indian Temperatures Beyond the Heatwave?
Robert Muir-Wood,Chief Research Officer, Moody’s RMS Mitigation is the only route to relieve the heat stress, and countries that are used to the heat benefit from previous experience and may have the infrastructure – from building design to designated cooling centers,...
Embarking ESG: Changing Investment Paradigm
While the integration of ESG in the life insurance sector presents numerous opportunities, it also comes with challenges. The primary challenge lies in the lack of standardized ESG data and ratings, which can lead to inconsistencies and difficulties in comparison S P...
India becomes the first country to prepare entire fauna checklist
"The faunal checklist will be an invaluable reference for taxonomists, researchers, academicians, conservation managers, and policymakers. It comprises 121 checklists of all known taxa covering 36 phyla. Endemic, threatened, and scheduled species have also been...
Insurance premiums for climate resilience and NatCat protection are set to increase by 50% by 2030, to reach $200-250 billion, says report
Whilst insurance promises to be a great enabler to unlocking the transition and adapting economies to a new climate era, it will require a paradigm shift in how risk management is prioritised if climate finance is to be deployed and businesses are to secure their...
Cost of new drug development is key concern for life science as focus shifts to repurposing: WTW Survey
The survey also revealed that regulation and reputation risk have risen to the top of the life science agenda as companies feel pressure on a range of issues such as increasing regulatory activity post-Covid, U.S. drug price controls, rising data privacy concerns, ESG...
Lawsuits targeting ‘Climate Washing’ becoming more frequent
Over 2023 some 233 new climate-related cases were filed worldwide, with cases in the Global South gaining traction. A ruling by the Supreme Court of India established a new constitutional right to be free from the adverse effects of climate change London: Companies...
WB approves $1.5 bn more to aid India’s low-carbon emission reforms
According to the World Bank, the reforms are expected to result in the production of at least 450,000 metric tonnes of green hydrogen and 1,500 MW of electrolysers per year from FY25/26 onwards, said the World Bank New Delhi: The World Bank on Saturday approved $1.5...
Korean explosion raises concerns over battery safety
Battery-related fires have also posed greater risks in recent years as countries pivot away from fossil fuels and expand the use of clean energy and vehicles. The growing demand has increased the number of battery producers around the globe, with fires breaking out...
Growing water stress can negatively impact India’s sovereign credit strength: Moody’s
India's average annual water availability per capita is likely to drop to 1,367 cubic meters by 2031 from an already-low 1,486 cubic meters in 2021, according to the Ministry of Water Resources MUMBAI/BENGALURU: India's worsening water shortage, triggered by high...
Issuance of cat bonds set to hit a record this year
Catastrophe bonds are generally issued by insurers looking to pass a chunk of their risk over to capital markets. Issuance has picked up lately, with factors including climate change, population density and inflation adding to the potential losses that insurers face....