The warning coincides with mounting pressure from Germany and...
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India has received USD 1.16 billion in climate finance so far: Govt
Several measures, including the National Mission for Sustainable...
India ranks 3rd globally for LEED green building certification in 2024
Gopalakrishnan Padmanabhan, Managing Director – Southeast Asia...
Green bonds likely to be issued in Jan-March quarter, government tells Parliament
Green Bonds will help the government in tapping the requisite finance from potential investors for deployment in public sector projects aimed at reducing the carbon intensity of the economy New Delhi:The sovereign green bonds are likely to be issued during...
Climate change could cost pension funds billions, EU watchdog says
Only 14% of pension schemes said they were already using environmental stress-testing in their own risk management, a subgroup that performed better than their peers in the test, EIOPA said. Pension funds across the European Union would lose billions of euros from...
Small islands seek UN sea court’s opinion on climate change
Small island states are among the most vulnerable nations to climate change Specifically, the commission — backed by the Caribbean nation of Antigua and Barbuda and the Pacific island country of Tuvalu — wants the UN court to outline what obligations parties to the...
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...