"The continuous push for large-scale infrastructure projects such...
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Climate, Environment, Renewable Energy
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Insurers increasingly tap AI to tackle surging Cat losses
Risk experts are increasingly using AI to crack an especially...
Ravaging South Korea wildfires kill 24 people
“We need to mobilize all available resources in extinguishing the...
Climate change will speed up inflation in next decade, says ECB
Climate change poses risks to price stability by having an upward impact on inflation,” said the researchers Maximilian Kotz, Friderike Kuik, Eliza Lis and Christiane Nickel. That would “place global incomes under pressure from rising prices and could impact inflation...
More trees, taller buildings next to thin streets could reduce “urban heat island” effect
The researchers said that heat island hotspots and mortality rates tended to be greater in urban blocks with a socially disadvantaged population owing to a combination of physical factors, such as impervious surfaces and lack of vegetation, and social factors, such as...
Carney’s climate alliance sounds alarm on “political attacks” on insurers
"These political attacks are now interfering with insurers’ independent efforts to price climate risk, which will harm policyholders, main street investors and local economies," a spokesperson for GFANZ, a United Nations-backed coalition of financial institutions...
UN says U.S. concerns have led to insurers quitting climate alliance
Reinsurer Swiss Re on Monday joined Munich Re, Zurich Insurance, and Hannover Re in exiting the Net Zero Insurance Alliance amid growing pressure in the U.S., where some Republican politicians say these alliances could be breaking antitrust rules The United Nations...
IRDA hosts 2-day international event on “Insurance and Retirement savings in Asia”
Some of the prominent speakers at the international conference include Debasish Panda, chiarman, IRDAI, Prof Yoshihiro Kawai, chair of the OECD Insurance and Private Pensions Committee, Pablo Antolin, head, insurance and Pensions Unit, Directorate for Financial and...
Swiss Re exits Net Zero Insurance Alliance
The departure follows that of fellow Swiss firm Zurich Insurance Group AG, as well as Germany’s Munich Re and Hannover Re NZIA has no US members, and with the departure of Swiss Re, it has roughly 27 left, including Allianz SE, Aviva Plc and Axa SA, according to the...
India lost over 1.3 lakh lives in disasters linked to extreme weather, climate change in 50 years: UN agency
Globally, 11,778 reported disasters led to more than two million deaths and USD 4.3 trillion in economic losses during this period ''Between 1970 and 2021, Asia accounted for 47 per cent of all reported deaths worldwide, with tropical cyclones being the leading cause...
Chronic diseases taking ‘immense and increasing toll on lives’, warns WHO
A 46-year-old Cambodian man who lost his leg to diabetes. The annual global death toll from non-communicable diseases such as cancer, diabetes and heart disease, is estimated at 36 million. Photo: IRIN During 2020-2021, COVID-19 resulted in 336.8 million years of life...
Heat insurance offers climate change lifeline to poor workers in Gujarat
Nonprofit Arsht-Rock Foundation Resilience Center in partnership with microinsurance startup Blue Marble and a trade union has one of the world's first parametric insurance schemes for extreme heat in Gujarat If temperatures climb high enough above historical averages...
Britain mandates 20 offshore carbon storage licenses
Britain aims to use carbon capture and storage (CCS) technology, which involves filtering planet-warming carbon from industrial smokestacks before it hits the atmosphere and storing it underground, to hold 20 million to 30 million tonnes of CO2 by 2030 London: Twelve...