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Tokio Marine Group sets up a new unit to support green biz
Tokio Marine GX (TMGX) will offer up to $500 million on any single...
Earth’s average temperature for 2025-29 likely to exceed 1.5 deg C limit: WMO
The report also said there is a 70 per cent chance that the average...
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...
Microplastics found in tissues of two-thirds of marine mammals: study
Polyester fibres, a common byproduct of laundry machines, were the most common in tissue samples, as was poly-ethylene, which is a component of beverage containers. Blue plastic was the most common colour found in all four kinds of tissue New Delhi: Microscopic...
There should be realistic green ratings to assess actual environmental impact of projects: RBI Governor
''Green flows today are dependent on ESG (Environment, Social, Governance) ratings. Recent research shows that these ESG ratings do not adequately reflect financial and non-financial materialities of these investments. Therefore, there is a need to ensure that 'green...
Zurich Insurance CEO criticizes climate clubs after exodus
Mario Greco, who led his firm out of the Net-Zero Insurance Alliance earlier this year amid a wider exodus from the group, said the decision followed a realization that, as things stand now, the goal of limiting temperature rises to 1.5C as enshrined in the Paris...
US business owners seek increased insurance protection amid mounting risks – study
“The devastation caused by natural disasters has heightened urgency for adequate protection,” CEO Patrick Gallagher told Reuters, adding that there is ongoing demand for insurance coverage to secure properties, homes and businesses from potential damages and losses...
India succeeds in reducing emissions rate by 33% over 14 years – sources
Central Electricity Authority data shows that non-fossil fuel-based power - including hydro, nuclear and renewable energy - accounted for 25.3% of India's total power generation in the fiscal year that ended in March, up from 24.6% three years earlier. Thermal power...
Severe thunderstorms account for up to 70% of all insured natural catastrophe losses in 1H2023, Swiss Re
Severe convective storms – storms associated with thunder, lightning, heavy rain, hail, strong winds and sudden temperature changes – caused USD 35 billion (nearly 70%) in insured losses worldwide in the first half of 2023. This means that insured losses are almost...