Lto R -M. Nagaraju,secretary,Department of Financial Services,...
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Climate, Environment, Renewable Energy
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Govt proposes new registration plate for hydrogen vehicles
According to a draft notification issued by the Ministry of Road...
Clean energy assets face climate risks, Zurich Insurance Says
Roughly 46% of Europe’s total renewable generation capacity will be...
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...
Urban land pattern may hold key to reduce exposure to weather extremes study finds
The researchers said that the findings encourage researchers and practitioners to reconsider how cities are designed and built, in order to be in harmony with their natural surroundings and more resilient to climate risks. Their study is published in the journal...
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...