Narendra Modi, Prime Minister Prime Minister Modi underscored that...
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Climate, Environment, Renewable Energy
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NSE Sustainability launches ESG ratings for listed companies
"NSE Sustainability's mission is to provide stakeholders, including...
As part of the ESG Bond deal, L&T is committed to environmental...
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-...
EU banks told to review clients in historic ESG crackdown
Global banking and financial stability organizations are all reviewing reporting and capital frameworks, though none has moved as fast as the EU in setting firm requirements. The Basel Committee on Banking Supervision expects to publish a proposed framework for...
India to start monitoring high-risk glacial lakes next year
There are 56 at-risk glacial lakes in India and the urgency to monitor them was stepped up after Lhonak Lake in the eastern Himalayas burst its banks two weeks ago and caused widespread damage in Sikkim, a small mountainous state wedged between China, Nepal and Bhutan...
India’s initiatives for climate resilient marine fisheries to be presented at int’l conclave
The Indo-Pacific region is highly vulnerable to climate change, leading to adverse impact on marine fisheries. These effects range from the increased frequency of extreme weather events to the threats of flooding, erosion, and sea-level rise. P Krishnan, Director, Bay...
Multilateral development banks provide record climate finance
``But we need to do more. In Asia and the Pacific, home to many of the most climate-vulnerable countries, we will need to mobilize significant amounts of private sector finance to move from the billions to trillions required to cut greenhouse gas emissions and...
FM Sitharaman urges private sector to come forward and support SDGs
For the first time, during India's G20 Presidency, the agenda of Sustainable Finance has been extended to cover financing for SDGs, in addition to Climate Finance, Finance Minister Nirmala Sitharaman said Marrakesh: Finance Minister Nirmala Sitharaman on Saturday...
Sharp rise in companies’ climate-related risk disclosure G20 report
Climate-related metrics disclosure led the way with over 70 per cent of companies disclosing the metrics they use. Reporting on greenhouse gas emissions and climate-related targets also showed considerable progress (both at 66 per cent), with a 24 per cent increase in...