"We further direct the chief secretaries of all the states and the...
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Climate, Environment, Renewable Energy
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Global banking regulators agree to prioritise climate risk work
The oversight body of the world’s forum for banking regulators met...
German reinsurers post profit falls after $1.9 billion Los Angeles fire claims
“The devastating wildfires in California are another example of how...
Insured losses from natural catastrophes set to top $100 billion in 2023
More than two-thirds of the insured losses were as a result of severe thunderstorms in the US. The 12-figure threshold is likely to be passed even though just $5 billion of the $40 billion in damages caused by the year’s most devastating event — the earthquake that...
How satellites are helping farmers adapt to global warming
In ten climate hotspots from Guatemala to Afghanistan, acute hunger has more than doubled in six years, according to UK charity Oxfam. But cutting-edge satellite sensor technology could play a big role in slowing that down. Experts envision a future in which farmers...
ESG funds continue to see outflow; Rs 520 crore pulled out in June quarter
Continuing the trend of outflow, the year-to-date 2023 withdrawal was at Rs 1,060 crore as compared to Rs 1,020 crore in the preceding year. This is in contrast to the infusion of Rs 1.83 lakh crore for the year to date in the overall fund market New Delhi:...
Munich Re expands its green solutions in Indian market
Ankur Gupta, head of client management, Munich Re India Branch, revealed that the reinsurer, after launching its Solar Photo Voltaic Performance Warranty , has recently unveiled two new products for fast expanding Electric Vehicles(EVs) segments -Extended Warranty...
What are China’s ‘sponge cities’ and why aren’t they stopping the floods?
Breakneck urbanization has encased vast stretches of land in impermeable concrete, often along banks of major rivers that traditionally served as flood plains. With wetlands paved over and nowhere for surplus water to settle, waterlogging and flooding was commonplace...
“Natural calamity created unimaginable crisis”: PM Modi
Prime Minister Narendra addresses the nation from the ramparts of the Red Fort on the 77th Independence Day Government has plans to increase the number of 'Jan Aushadhi Kendras' from 10,000 to 25,000 India will become the third-largest economy in the next few years...
Montana judge hands historic win to young plaintiffs in climate change case
The decision by Judge Kathy Seeley in Helena marked a major victory in the first youth-led climate case to reach trial in the U.S. and could set an important precedent for similar cases nationwide Montana is violating the rights of young people with policies that...
WTW launches Climate Vista to bridge climate skills gap in the boardroom
Christopher Au, Director, Climate and Resilience Hub, Asia Pacific at WTW, said: “Regulations and best practices across Asia Pacific are increasingly requiring Boards to demonstrate climate skills. Our insurance partners are also setting expectations for those seeking...
ANALYSIS-China avoids climate change discussion despite extreme weather
China's CO2 emissions grew 10% in the first quarter of 2023 from a year earlier, rising by approximately 1% above record levels in 2021, according to research by the Centre for Research on Energy and Clean Air (CREA) . Record heat and historic floods in China this...
EV sales to hit 10 lakh mark in India by end of decade: Tata Motors
When asked about the sales targets for Tata Motors in the EV segment, Chandra said: ''We have really said that in the next four to five years we will target 25 per cent penetration and by the end of this decade we would have 50 per cent penetration is what we are...