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India needs to keep a watch on cybersecurity, climate change and system-wide contagion risks: IMF report
IMF report suggested enhanced data coverage with better granularity...
Developing countries’ climate targets at risk without enough finance from developed world India
Together, BRICS nations account for 47 per cent of the world’s...
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...
Over half the world’s largest lakes and reservoirs drying up: Study
To study the question systematically, the team, which included scientists from the United States, France, and Saudi Arabia, looked at Earth's biggest 1,972 lakes and reservoirs, using observations from satellites from 1992-2020 More than half of the world's largest...
Cities risk irreversible damage due to environmental degradation: Officials
''Be it Panaji, Thane, Surat, our cities could suffer permanent damage if their green areas are not protected now. We need to take immediate measures to improve the state of the environment in our cities,'' Kunal Kumar, Mission Director of the Smart Cities Mission...
El Ninos cost trillions of dollars with lasting economic scars: Study
Study authors said the average El Nino costs the global economy about $3.4 trillion. The strong 1997-1998 one cost USD 5.7 trillion. The World Bank estimated the 1997-1998 El Nino cost governments USD 45 billion, which is more than 100 times smaller than the Dartmouth...
Climate Risks: Booming demand for ACs to aggravate soaring temperatures
Demand for air conditioners is surging in markets where both incomes and temperatures are rising, populous places like India, China, Indonesia and the Philippines and expanding AC coverage too quickly also threatens to worsen the crisis it’s responding to. Most units...
Singapore Exchange plans to focus on risk-hedging products related to Indian infra, ESG initiatives
Risk hedging products related to the Indian infrastructure development, green initiatives, ESG as well as new energy minerals and metals are some of the areas SGX Group wants to focus on, William Chin, Commodities Head at SGX Group said. Singapore: The Singapore...
Aon launches a new climate innovation hub in Singapore
(Lto R) Greg Case, CEO, Aon and Png Cheong Boon, Chairman, Singapore Economic Development Board inaugurating Aon's new climate innovation hub in Singapore “Climate change is a reality, not a probability. In 2022, there were $313 billion in total economic losses from...
India says 50 million people directly dependent on coal mining, says India
"As per our estimation, about 50 lakh people are engaged directly or indirectly in coal mining activities, especially in eastern Indian states. So, just transition has to cater to that challenge," he said India will press for a "just energy transition" at the G-20...