Commercial insurance companies won’t provide coverage for ship that...
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US spends nearly $1 trillion on disaster recovery and other climate-related needs over last one year
Overall, increased climate costs from insurance premiums, power...
Action plan should be made to tackle heat waves: Amit Shah
Amit Shah ,Union Home Minister ``For the first time, we have also...
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...
Use of Weather Derivatives surges as extreme climate events rock the globe
Weather derivatives let buyers hedge against the risk that the weather will damage their business. Unlike insurance, where companies must prove they have suffered a loss, they pay out based on indexes. These might track the temperature in Paris or rainfall in New York...
Global economic losses from extreme weather could hit $5 trillion -Lloyd’s
“The global economy is becoming more complex and increasingly subject to systemic threats,” said Trevor Maynard, executive director of Systemic Risks at the Cambridge Centre for Risk Studies London: Global economic losses could reach $5 trillion under a “plausible...
Climate change may make India and the Indus Valley too hot for up to 2.2 billion: Study
Results of the study indicate that if global temperatures increase by 2 C above pre-industrial levels, the 2.2 billion residents of Pakistan and India’s Indus River Valley, the one billion people living in eastern China and the 800 million residents of sub-Saharan...
Losses from China disasters reach $42 billion in first nine months of 2023
The emergency management ministry unveiled the unprecedented toll wrought on the nation of 1.4 billion by calamities that ranged from sandstorms to rains that brought massive flooding and historic rainfall in Beijing, the capital BEIJING: China suffered direct...
Global coal industry expected to layoff over 4 lakh miners by 2035: Report
Climate commitments to phase out coal power generation could accelerate ongoing trends in coal-mining job losses, even as employment in renewable energy and construction now exceeds 50 per cent of total energy employment Dorothy Mei, project manager for the Global...
Climate change damage to infrastructure poses ‘huge’ financial risks
Disasters are causing average losses of $732 billion-$845 billion each year to infrastructure and buildings, equal to 14% of growth in global gross domestic product in 2022, estimated the Coalition for Disaster Resilient Infrastructure (CDRI) Climate-fuelled disasters...