The oversight body of the world’s forum for banking regulators met...
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German reinsurers post profit falls after $1.9 billion Los Angeles fire claims
“The devastating wildfires in California are another example of how...
EU changes to sustainability law risk company lawsuits, legal scholars say
The EU’s plan to simplify the Corporate Sustainability Due...
All new tourist vehicles in Goa to be EVs from Jan 2024: CM Sawant
Chief Minister Pramod Sawant said new vehicles purchased by the government from January 2024 will mandatorily be EVs As per a recent study, 40 per cent of the total carbon emission generated in Goa is due to the operation of vehicles, he said. Panaji: All new tourist...
Above-average global natural catastrophe insured losses reach estimated $52 billion in H1 2023: Gallagher Re
For all perils, the US accounted for 76% of all global insured losses. Thunderstorms in Europe during June also brought a billion-dollar insurance bill to parts of Germany and France “Governments and private organizations are accelerating their investments to help...
WMO warns of risk of heart attacks, deaths as heatwave intensifies
The WMO has said the extreme weather looks likely to become the “new normal,” underlining the increasing urgency of cutting fossil fuel emissions. The call for action on global warming comes as some European Union nations push back against the pace of the energy...
Climate change has shifted colour of over half of world’s oceans: Study
These colour changes, subtle to the human eye, cannot be explained by natural, year-to-year variability alone, the researchers from the Massachusetts Institute of Technology (MIT), US, and other institutes write in their paper published in the journal Nature New...
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...