In March, the Delhi government unveiled its plans that fuel pumps...
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Climate, Environment, Renewable Energy
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Vedanta asked to pay Rs 71 cr over fly ash effluent
"The issue pertains to allegation for unauthorised disposal of fly...
Major nations agree on first-ever global fee on greenhouse gases with plan that targets shipping
The agreement, reached with the United States notably absent, is...
Combined impact of climate change, population growth poses serious threat to India’s water security: Experts
''Rising temperatures accelerate evaporation rates, depleting surface water and groundwater reserves. Altered precipitation patterns lead to unpredictable monsoons, causing floods in some areas and droughts in others. These extreme events reduce water availability,...
Japan’s largest insurer Tokio Marine joins defectors from Gfanz climate group
A spokesperson said Tokio Marine will continue to consider measures to realize a decarbonized society such as the use of renewable energy and emphasized it will keep a close eye on social and environmental causes Tokio Marine Holdings Inc., Japan’s largest insurer by...
India to push back against ‘agenda-driven’ global ranking firms – Modi advisor
Sanjeev Sanyal, a member of Modi's Economic Advisory Council Sanjeev Sanyal,member of PM's Economic Advisory Council, said the ratings also get hard-wired into decision-making through environmental, social and governance (ESG) norms and sovereign ratings. Multilateral...
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...