N Ramaswamy, CMD, GIC Re ``Currently, due to the huge catastrophic...
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Climate, Environment, Renewable Energy
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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...
Northeast flood situation critical toll rises to 36 over 5.5 lakh affected
In Assam, more than 5.35 lakh people were affected by the deluge in...
Villagers resist India’s biofuel push, fearing hidden health risks
Touted as a green fuel and a solution to cut tailpipe emissions from vehicles when blended with gasoline, ethanol - a biofuel - is key to India's action to tackle climate change. But the residents of Chittanur village in Telangana state say they are not ready to pay...
Corporate America is rethinking diversity hiring
America First Legal — founded by Stephen Miller, a former senior adviser to President Donald Trump — has lodged complaints with the US Equal Employment Opportunity Commission against more than 20 companies, including American Airlines Group Inc., Macy’s Inc.,...
Number of global climate-related court cases rise almost three times in last 6 yrs
In the last five years, the number of climate-related court cases that have been filed around the world more than doubled, according to a 2023 report by the U.N. Environment Programme (UNEP) and New York’s Columbia University, from 884 filed by 2017 to nearly 2,500 as...
Economic models buckle under strain of climate reality
"But climate change is fundamentally different to other shocks because once it has hit, it doesn't go away," said Thierry Philipponnat, author of a report by Finance Watch, a Brussels-based public interest NGO on financial issues Record temperatures, droughts, floods...
BIS sees climate losses hitting governments as insurers exit
Financial watchdogs are stepping up scrutiny of insurers to monitor the developing risks as the industry retreats from markets deemed too risky to cover. BIS researchers are urging the industry, governments and regulators to work together to ensure there’s adequate...
Climate vulnerable nations could get insured for $10 mln a year each -research
With rich nations under pressure to fill the pot, researchers from the University of Cambridge's Institute for Sustainability Leadership said they had reached a "breakthrough" in understanding how to use this money to protect countries from the spiralling cost of...
India wants private money for coal-fired plants despite Western opposition
Private power companies were told that the majority of the peak-hour electricity demand in India can be met by coal-based power stations, since storage technologies are costlier to support solar and wind-based energy generation, officials said. New Delhi: India on...
France, US to propose ban on private finance to coal-fired plants at COP28 – sources
About 73% of electricity consumed in India is produced using coal, even though the country has increased its non-fossil capacity to 44% of its total installed power generation capacity France, backed by the United States, plans to seek a halt to private financing for...
60 pc of businesses ‘off track’ to meet sustainability goals: Bain & Company report
Consumers in fast-growing markets, where Bain found environmental concerns to be highest, including India, were willing to pay a greater premium (between 15 and 20 per cent), compared to markets like the US and the UK New Delhi: Over 60 per cent of businesses surveyed...
U’khand tunnel collapse: Ecological concerns need to be addressed for development in Himalayas, say experts
Earlier this year, a case of land subsidence was also reported in Joshimath where some residents blamed NTPC's 520 MW Tapovan-Vishnugad hydroelectric project for the problem. Horrific incidents like the partial collapse of an under construction tunnel on the Char Dham...