There’s evidence to suggest that fund managers devoting lots of...
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Climate, Environment, Renewable Energy
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LA wildfire losses can touch $164 billion, report says
Insured losses are estimated at $75 billion.The disaster will...
Europe’s insurers may face new capital rules for climate risk
The goal is “to ensure the continued protection of policyholders...
SC turns down plea seeking to enforce ‘one car one person’ norm
The top court was hearing a plea filed by NGO Tsunami on Roads, seeking directions to initiate an effective national programme against air pollution in order to get special attention, priority and better coordination among the states and the Centre, with a better...
WTW outlines “New Trilemma” of challenges for renewables-sector risk managers
: “Macro events and trends such as inflation, cost increases, security, and supply chains are impacting the renewable energy industry, making the current business environment a challenging one for risk managers. Several important steps will help them to assess their...
Globally, wildfires cost $50 bn every year; AI can help fight them: WEF
World Economic Forum said that global wildfires in 2021 released an estimated 6,450 mega tonnes of CO2 into the atmosphere Sensors with in-built AI can collect acoustic information or operate as smoke detectors in forests and alert authorities within the first hour of...
EU plans law forcing companies to prove green claims are real – draft
The draft rules would cover all products and services sold in the EU, unless they are covered by comparable EU rules. "Green" investment products are already regulated the EU's taxonomy, a controversial labelling system facing legal challenges from the Austrian...
Environmental, social credit risks to rise in 2023, Moody’s says
“The rapid crystallization of climate change-related risks have highlighted the need for rapid decarbonisation and scaling up of adaptation finance, bringing longer-term environmental risks into sharper relief,” Rebecca Karnovitz, vice president – senior credit...
Environment risks dominate in “polycrisis” world – WEF survey
The interplay between climate change impacts, biodiversity loss, food security and natural resource consumption is a dangerous cocktail,” said John Scott, head of Sustainability Risk at Zurich Insurance Group, which partnered on the report with risk strategy group...
Tata Motors announces ‘reimagination’ of their product portfolio with aim for net zero emissions
"Our fleet of more than 700 EV buses, operating across 9 Indian cities have cumulatively covered more than 60 million kilometers. This represents a potential to reduce our 60,000 tonnes of Carbon emission, once the entire grid is carbonized," he said. New Delhi:...
Cabinet approves Rs 19,744-crore National Green Hydrogen Mission
It will also result in cumulative reduction in fossil fuel imports of over Rs 1 lakh crore and abatement of nearly 50 MMT of annual greenhouse gas emissions by 2030 New Delhi: The Union Cabinet on Wednesday approved the National Green Hydrogen Mission with an outlay...
Climate data can help model spread of Covid-19: Research
A rising number of studies indicate that the climate may have an effect on how Covid-19 spreads, however, it is unclear how much it alters risk and transmission According to a new study by a group of researchers from the Qatar Environment & Energy Research...
2022 was a crucial year for India in combating climate change, reverse nature loss
The Centre also set a new target of 40 per cent reduction in particulate matter concentration in cities covered under the National Clean Air Programme (NCAP) by 2026, updating the earlier goal of 20 to 30 percent reduction by 2024 According to the Environment...