In Assam, more than 5.35 lakh people were affected by the deluge in...
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Climate, Environment, Renewable Energy
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Highways baking at 70 degrees C hint at scorching summer across China, US
Across the Northern Hemisphere, the extreme heat is a reflection of...
Flouting of rules by pan masala manufacturers: NGT issues notice to Centre
A bench of NGT Chairperson Justice Prakash Shrivastava and expert...
Global insured losses from severe thunderstorms reach new all-time high of USD 60 billion in 2023, Swiss Re
Jérôme Jean Haegeli,Chief Economist, Swiss Re A high number of low-to-medium-severity events will aggregate to insured losses of more than USD 100 billion in 2023 Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, says: "The cumulative effect of frequent, low-loss...
IFC,DFC and African Risk Capacity launch reinsurance fund to protect African smallholders impacted by climate crisis
Despite these increasing risks, subsidized agri-insurance is only available in four out of 54 countries across Africa, and currently only 3% of African farmers have insurance coverage for their farms. African smallholders - who face significantly more income shocks...
Hailstorm Claims Risk Undermining Solar Energy, Insurer Says
Insurers are beginning to reduce coverage for solar businesses due to the rising severity of hailstorms according to GCube, which insures more than 100 gigawatts of projects in 40 countries. That has also brought uncertainty to future solar projects, due in part to...
Environmental resilience a critical concern for major Asian cities: Tokio Marine & Economist report
Asian cities perform comparatively well in disaster management, with Hong Kong, New Delhi, Shanghai, Singapore and Tokyo scoring high for culture of readiness Bangkok, Dhaka and Jakarta are poorly equipped to respond to flood, while New Delhi and Dubai are...
Hillary Clinton at COP28 climate talks calls for insurance reform
Former U.S. Secretary of State Hillary Clinton “We need to rethink the insurance industry,” Former U.S. Secretary of State Hillary Clinton said during a panel on women and climate resiliency. “Insurance companies are pulling out of so many places. They’re not insuring...
Shipping giants want an end date for fossil fuel-only
Shipping is a major source of carbon emissions and the industry spewed more than 1 billion tons in 2018. While the sector is making some moves toward decarbonising, progress is relatively limited so far, with the vast majority of the world’s fleet still running on...
India’s emission intensity reduced by 33 per cent between 2005 and 2019: Govt report
Environment Minister Bhupender Yadav said that India reduced its GDP emission intensity by 33 per cent between 2005 and 2019, achieving the target 11 years in advance. India created an additional carbon sink of 1.97 billion tonnes of CO2 equivalent during this period...
Over 120 countries back COP28 UAE Climate and Health Declaration
"The climate crisis is a health crisis, but for too long, health has been a footnote in climate discussions," said Tedros Adhanom Ghebreyesus, Director-General, World Health Organization Dubai: Over 120 countries backed the COP28 UAE Declaration on Climate and Health...
World Bank to boost climate financing share to 45%, broaden climate debt clauses
World Bank President Ajay Banga also said that the World Bank would broaden the scope of Climate Resilient Debt Clauses in its loans to cover all existing World Bank loans for the most vulnerable countries. The clauses provide for a suspension of repayments in the...
Kenya could lose up to 7.25% of GDP to climate change, World Bank says
Kenya could lose up to 7.25% of economic output by 2050 if it does not take strong action to adapt to climate change and mitigate its effects, the World Bank said on Friday. Like other so-called frontier economies, the East African nation has been suffering from the...