India is ranked sixth among countries most affected by extreme...
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Govt and GIC Re are in talks to set up an exclusive mega Pool to reinsure country’s all hydropower plants
N Ramaswamy, CMD, GIC Re ``Currently, due to the huge catastrophic...
14–19 named storms in tropical North Atlantic predicted in this year hurricane season
These numbers are slightly above the long-term average for 1950 to...
IFSCA forms panel to formulate framework for green finance
The committee is chaired by Dhruba Purkayastha India Director for Climate Policy Initiative and has members including Shalabh Tandon, Interim Regional Director and South Asia Regional Head of Operations & Climate Change, IFC (World Bank Group), Prabodh Acharya,...
India expected to see 1 cr EV sales annually by 2030, create 5 cr jobs: Gadkari
Union minister Nitin Gadkari said the government has also permitted retrofitting of existing polluting vehicles into hybrid and fully EVs. The regulations have been finalised and technology demonstrations done successfully, he added. He said the government intends to...
Drought-prone California OKs new rules for turning wastewater directly into drinking water
California regulators on Tuesday approved new rules to let water agencies recycle wastewater and put it right back into the pipes that carry drinking water to homes, schools and businesses When a toilet is flushed in California, the water can end up in a lot of...
Lloyd’s of London extends lease on iconic building until 2035
The deal with landlord Ping An Insurance Group, which came together on Friday, not only grants Lloyd’s an option to stay in the Richard Rogers-designed high-rise until 2040, but also involves a commitment to invest in reducing the Grade I-listed building’s energy...
Infrastructure faces $600 billion hit in worst-case climate shift – study
The researchers describe this worst-case scenario in terms of governments moving late, or unexpectedly, to impose taxes on carbon emissions. Those abrupt moves would drive an inflation-fueling price shock that would see interest rates rise, impacting the net-asset...
Nations strike deal at COP28 to transition away from fossil fuels
“It is the first time that the world unites around such a clear text on the need to transition away from fossil fuels,” said Norway Minister of Foreign Affairs Espen Barth Eide Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday...
T-shirt weather in December is a sign of what winter has in store
“Due to this year’s El Niño being quite strong, its influence should be apparent,” commercial forecasting firm NatGasWeather said in a note to clients this week. With temperatures worldwide smashing records earlier in 2023, “this exceptionally warm global background...
Fossil fuels-led temp increase may dent COP28 host UAE’s GDP by 72%
Shady Khalil, Campaigns Lead at Greenpeace Middle East and North Africa, said: “As one of the region’s most acutely threatened by climate change, the Middle East and North Africa face a future where rising temperatures could render vast areas uninhabitable,...
India ranks 7th on climate change performance index, up 1 spot from last report
“It is evident that India has taken concrete actions vis- -vis our NDCs. India’s non-fossil power installed capacity as of date is already around 44 per cent, as against the target of 50 per cent by 2030; India’s emission intensity to GDP as of 2019 is reduced by 33...
Insurers heavily exposed to climate change, global watchdog says
Insurers continue to have "material exposure" to climate change through investments in fossil fuels and energy-intensive industries, as well as through their underwriting of natural catastrophe risk, the global insurance watchdog said London: Insurers are heavily...