All of this is occurring after the hottest year on record, with...
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Climate, Environment, Renewable Energy
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3/4th of India’s population at ‘high’ to ‘very high’ heat risk: CEEW study
According to the study by Delhi-based climate and energy think-tank...
Geneva Association report calls for action to safeguard home insurance amid rising extreme weather risks
“Extreme weather is no longer a future threat – it’s disrupting...
Understanding and managing key risk drivers is essential to navigate the global polycrisis: WTW
The growing inability to secure placements could put coal assets at risk of being stranded, resulting in severe socio-economic ramifications for Asia. The region’s energy security and resilience will therefore require adaptation and cooperation from power businesses...
WTW launches an Asia Pacific Climate Risk Centre in Singapore
Commenting on the set-up, Lawrence Wong, Deputy Prime Minister and Minister for Finance of Singapore, and Chairman of MAS said, “I welcome the launch of the WTW APAC Climate Risk Center in Singapore. This Centre will develop risk advisory, analytics and risk financing...
Climate’s ‘Catch-22’: Cutting pollution heats up the planet
The removal of the air pollution – a term scientists call “unmasking” – may have had a greater effect on temperatures in some industrial Chinese cities over the last decade than the warming from greenhouse gases themselves, the scientists said Air pollution, a global...
Australian companies, directors face new liability for nature-based risks
Directors could be held personally liable for breaching their “duty of care and diligence” under the Australian Corporations Act by not identifying and disclosing nature-based risks. The most egregious violations of director duties can carry large fines or lead to...
Electric cars to increase by almost 10 times by 2030: International Energy Agency
"The transition to clean energy is happening worldwide and it's unstoppable. It's not a question of 'if', it’s just a matter of ‘how soon’ -- and the sooner the better for all of us,” said International Energy Agency Executive Director Fatih Birol New Delhi: The...
Global study shows over half of Earth’s vital signs at record extremes
''Life on our planet is clearly under siege,'' said co-lead author William Ripple, a distinguished professor at the Oregon State University, US New Delhi: A global team of scientists has shown in a new study that 20 of the Earth's 35 vital signs have ''worsened beyond...
World far off track on pledges to end deforestation by 2030 – report
Deforestation increased by 4% worldwide in 2022 compared with 2021, as some 66,000 square kilometers (25,000 square miles) were destroyed, the annual Forest Declaration Assessment report said. That means the world is 21% off track to end deforestation by 2030. The...
Amazon River falls to lowest in over a century amid Brazil drought
Brazil's Science Ministry blames the drought on this year's onset of the El Nino climate phenomenon, which is driving extreme weather patterns globally. In a statement earlier this month, the ministry said it expects the drought will last until at least December, when...
Lloyd’s approves Oka syndicate-in-a-box 1922, to focus on solution to protect against buyer-side carbon credit risks
The volume of carbon credit purchases has quadrupled over the past four years, with the market expected to grow exponentially as corporations make commitments to achieve net zero targets as a priority LONDON: Asta, the leading third-party managing agent at Lloyd’s,...
Howden launches climate-focused parametric insurance unit
The global market for parametric insurance is expected to reach $29.3 billion by 2031, analysis from Allied Market Research showed, up from $11.7 billion in 2021 London: UK-based insurance broker Howden said on Tuesday it had created a new unit to focus on climate-...