The primary objective "is to unlock the next phase of EV adoption,...
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Climate, Environment, Renewable Energy
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Renewable Energy: Nat Cat and unmodelled extreme weather risks emerge as a defining challenge
A new report by GCube Insurance calls for action from insurers,...
US Treasury’s Bessent urges IMF, World Bank to refocus on core missions
"The IMF was once unwavering in its mission of promoting global...
Ground beneath us is heating up, civil infra not designed for it: Study
"The ground is deforming as a result of temperature variations, and no existing civil structure or infrastructure is designed to withstand these variations," said Northwestern University's Alessandro Rotta Loria, an assistant professor of civil and environmental...
London is falling down and it’s because of climate change
That phenomenon — known as subsidence — has become worse in the UK after last year’s drought and a deadly heat wave that pushed temperatures past 40C (104F) in July 2022 to record levels The damage has triggered the highest insurance payout in almost two decades, with...
World sees hottest June on record, North Atlantic ocean heats up
The rapidly warming planet has led to unusual spikes in air and sea temperatures that can wreak havoc on global weather, food supply chains and economies. The first El Niño in almost four years is also developing The area covered by sea ice in Antarctica reached its...
UN climate alliance scraps emissions rules for insurers after exodus
Under the NZIA's “Target-Setting Protocol” published in January, insurance members had until the end of July to publish emissions targets for 2030 using recommended types of targets and were then required to update on their progress annually The Net-Zero Insurance...
Nations haggle over targets to cut shipping’s huge emissions
Large shipping companies are already making moves. A.P. Moller-Maersk A/S has ordered 25 vessels that are able to run on green methanol. Rival container shipper CMA CGM is expecting 24 bio-methanol-powered, e-methanol ready vessels to be delivered by 2027 In a grey,...
Future of Forests: France’s wildfires ignite debate on cutting planet-heating emissions
Globally, rising temperatures and land-use change are projected to result in a 50% rise in the number of catastrophic wildfires by 2100, according to the U.N. Environment Programme - and governments around the world are grappling with how best to protect their forests...
Axa sets first emissions goals for insurance portfolio
Europe's second-biggest insurer said it would aim for a 20% decrease in the carbon intensity of its largest individual auto insurance portfolios between 2019 and 2030 and a 30% drop in absolute carbon emissions from its largest corporate customers between 2021 and...
‘Climate washing’ lawsuits jump as more activists challenge corporate claims, report shows
“One of the most significant groups of climate-washing cases to emerge in recent years have been cases challenging the truthfulness of corporate climate commitments, particularly where these are not backed up by adequate plans and policies,” the report authors, Joana...
Warming climate linked to increased domestic violence in India, Nepal, Pakistan: Study
“Further, economically strained circumstances from decreased agricultural production and labour efficiency and a deteriorating living environment due to damage caused by extreme weather events could also exacerbate the issue of intimate partner violence,” Renjie Chen,...
World Bank approves $1.5 bln financing for India’s low-carbon transition
At the COP26 summit in Glasgow in 2021, India committed to an ambitious five-part "Panchamrit" pledge, including reaching 500 GW of non-fossil electricity capacity, to generate half of all energy requirements from renewables, to reduce emissions by 1 billion tons by...