"India is getting rapidly urbanised. We should work towards...
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Climate, Environment, Renewable Energy
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SC issues notice to Centre on plea seeking national guidelines on heatwave
A bench comprising Chief Justice B R Gavai and Justice Augustine...
Global loss of tropical and boreal forests surge to a record high in 2024
All of this is occurring after the hottest year on record, with...
US insurers invested in fossil fuels as climate risks to underwriting mount -report
A data sample comprising 77% of U.S. insurers showed they held fossil fuel-related assets worth $536 billion in 2019, and patterns are unlikely to have changed dramatically since then, according to sustainability consultancy ERM, investor advocacy group Ceres and...
Heatwaves and high temperatures threatening young lives in South Asia: UNICEF
UNICEF estimates that 76 per cent of children under 18 in the region - 460 million - are exposed to extreme high temperatures where 83 or more days in a year exceed 35° Celsius UN News: Three-quarters of children in South Asia are already exposed to extreme high...
El Niño could have a significant impact on renewable energy production, WTW report
``Developers must carefully plan and factor the various worst-case scenarios into their risk model to ensure new projects are commercially viable going forward. There are also innovative insurance tools available such as parametric solutions that can provide revenue...
Heat and wildfires put southern Europe’s vital tourism earnings at risk
US.-based climate technology startup Sensible Weather is developing insurance that would compensate people if extreme heat wrecks their holiday It's rolled out “weather guarantee” coverage to travel companies in the UK, France and the US, which pays travellers if...
Europeans lack insurance protection as wildfires and drought batter the region
When it comes to disaster response, the ECB sees insurers as the first line of financial defense, backed up by reinsurers and the financial markets with instruments like catastrophe bonds. The global market for catastrophe bonds, which give insurers a payout when a...
Ratings firms struggle with climate risk in $133 trillion market
As the world reels from the mounting impact of heat waves, droughts and fiercer storms, there is growing concern that credit rating analysts are misreading climate risks in the $133 trillion global bond market, to the detriment of creditors and borrowers alike For...
Parliament Passes Biological Diversity (Amendment) Bill
The amendment aims at encouraging cultivation of medicinal plants and removing compliance burden on Indian companies, he said "Our objective is also to decriminalise the offences… to reduce the fear among the stakeholders for effective compliance," Union Minister for...
EU companies get new ESG rules aimed at addressing climate risks
Companies will have to disclose whether they have climate transition plans and also report relevant social factors, including human rights violations, as part of the larger plan to highlight the investment risks and opportunities presented by ESG factors Companies...
Global Trade: War, AI and climate change shaking up $32 trillion supply chain risks
A shift from fossil fuels is spurring demand for materials essential for electrification. Artificial intelligence is forcing employees to learn new skills so they won’t be replaced by computers. Long before these trends are reflected in government data, they’re...
Extreme heat rendering parts of the world too hot to insure
Rising temperatures are disrupting economic activity and daily life across the globe, sapping crops, drying rivers and raising sea levels. Scientists suspect the last several years have been warmer than any point in over 125,000 years Soaring global temperatures may...