Global ocean temperatures hit record highs for 450 days straight...
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Auditors get tougher guidelines on judging firms’ environmental claims
The move by the International Auditing and Assurance Standards...
Munich Re promotes Parametric solutions for Cat losses in India
An one day event on ``Disaster Risk Transfer and Financing...
Lack of climate risk expertise and data seen as main obstacles for climate-related financial disclosure in India: WTW
Eighty-two percent of companies have had some form of Board-level discussion on the financial impact of climate change to their business. 73% have Board-level or CEO level oversight of climate risk. New Delhi; With Asia being one of the most vulnerable regions to...
Kerala govt releases revised action plan on climate change
Building disaster resilient infrastructure and strengthening institutional mechanisms for better disaster responses and raising incomes to bolster capabilities of individuals and communities to adapt to local impacts of climate change are important,'' said Kerala...
India could soon experience heat waves that break human survivability limit: World Bank report
''Up to 75 percent of India's workforce, or 380 million people, depend on heat-exposed labor, at times working in potentially life-threatening temperatures. …By 2030, India may account for 34 million of the projected 80 million global job losses from heat stress...
South Korea’s only reinsurer announces to drop new coal, but with loopholes
Asia’s second-largest reinsurance company, Korean Re, will no longer be providing reinsurance 1 for new coal mining or power plant construction from next month. Over 60 percent of the global reinsurance market, including reinsurers such as Hannover Re and Swiss Re,...
France to release 5 bln euros of SDRs to vulnerable countries under G20 programme
The contributions are part of a G20 initiative - led by France and the United States - to reallocate $100 billion worth of SDRs to the world's most vulnerable countries Paris; France will release some 4 billion International Monetary Fund (IMF) Special Drawing Rights...
EU takes ‘first step’ to certify removing CO2 from atmosphere
The EU has committed to cut its net greenhouse gas emissions by 55% by 2030 from 1990 levels, and reach “net zero” emissions by 2050 – meaning that any remaining emissions that cannot be completely cut in sectors like agriculture or cement making must be balanced by...
Double finance for nature-based solutions to deal with climate, biodiversity crises: UN report
The analysis shows that finance flows to NbS are currently only USD 154 billion/year, which is less than half of the USD 384 billion/year investment needed by 2025 and only a third of investment needed by 2030 (USD 484 billion/year) Geneva: Financing for nature-based...
Hurricane Ian drives global Nat Cat insured losses to $115 billion in 2022: Swiss Re
2022 is the second consecutive year in which the estimated insured losses total more than $100 billion, continuing the trend of a 5–7% average annual increase over the past decade The re/insurance industry covered roughly 45% of the economic losses this year,...
UN appeals for record $51.5 billion to help 230 million on the brink in 2023
At least “222 million people … will face acute food insecurity in 53 countries by the end of this year. In 2023, 45 million people in 37 countries risk starvation, according to the Global Humanitarian Overview Numerous countries had been hit by lethal droughts and...
Large parts of world drier than normal in 2021: WMO
Between 2001 and 2018, UN-Water reported that a staggering 74 per cent of all natural disasters were water-related The recent UN climate change conference, COP27, in Egypt, urged governments to further integrate water into adaptation efforts, the first-time water has...