Sanjay Malhotra, Governor,RBI Speaking at a Reserve Bank Of India...
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Climate, Environment, Renewable Energy
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North Sea Collision: Total insured losses estimated between $100 million and $300 million, Focus shifts to environmental impact
Total insured losses out of the collision are estimated to range...
French households, businesses face soaring costs for insurance due to climate change: Govt
The cost of climate disasters may double in the 30 years through...
Climate change to cost Germany up to 900 billion euros by 2050 – study
Germany’s economy and environment ministries cited the study as showing that extreme heat, drought and floods could cost between 280 billion euros ($297.81 billion) and 900 billion euros between 2022 and 2050, depending on the extent of global warming The costs...
Why is Indonesia moving its capital from Jakarta to Borneo
Indonesian officials say the new metropolis will be a sustainable forest city" that puts the environment at the heart of the development and aims to be carbon-neutral by 2045 But environmentalists warn that the capital will cause massive deforestation, threaten the...
Sebi extends timeline until March 15 for comments on ESG rating norms
This came in the wake of growing recognition of the significant economic and financial impact of climate change and environmental, social and governance (ESG) risks In addition, the regulator suggested ESG parameters that could be relevant to Indian context that may...
Yellen warns climate change could trigger asset value losses, harming US economy
"As climate change intensifies, natural disasters and warming temperatures can lead to declines in asset values that could cascade through the financial system. And a delayed and disorderly transition to a net-zero economy can lead to shocks to the financial system as...
El Nino expected to return, likely to fuel spike in global temperatures
La Nina refers to the large-scale cooling of the ocean surface temperatures in the central and eastern equatorial Pacific Ocean, coupled with changes in the tropical atmospheric circulation The El Nino event may develop after three consecutive years of an unusually...
Chennai, Kolkata, in India, at particular risk due to sea level rise
'In a worst-case scenario, the combined effect of climate change and internal climate variability could result in local sea levels rising by more than 50 per cent of what is due to climate change alone, thus posing significant risks of more severe flooding to coastal...
Global energy-related CO2 emissions edged up to record high in 2022 – IEA
"We still see emissions growing from fossil fuels, hindering efforts to meet the world’s climate targets," IEA Executive Director Fatih Birol said in a release alongside the report. LONDON: Global energy-related emissions of carbon dioxide hit a record high last year,...
India to withdraw licenses for oil tankers, bulk carriers older than 25 yrs
"There is a need to modernise the Indian fleet, which requires extensive review of the requirements of the registration and operation of the ships," the Directorate General Of Shipping said in the order uploaded on its website late on Monday "Age norms will assist in...
Record high temperatures in Feb may lead to more rate hikes from RBI, says India Ratings
The high temperatures will impact the wheat production, the rating agency said, adding that the surge in wheat prices contributed to over a tenth of the retail inflation in December and January, which is way above their weight in the basket Earlier in the day, the Met...
India’s sinking holy town faces a grim future
Joshimath’s future is at risk, experts and activists say, due in part to a push backed by the prime minister’s political party to grow religious tourism in Uttarakhand, the holy town’s home state. On top of climate change, extensive new construction to accommodate...