Sales in China jumped 36.5 per cent to 1.3 million vehicles in...
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Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds
The fires sweeping across Los Angeles are now on track to cause...
Global natural disasters cause $ 320 bn of economic losses, $140 bn of insurance claims in 2024 : Munich Re
Weather catastrophes were responsible for 93% of overall losses and...
Explainer: COP27: How climate change impacts countries around the world
Countries with territory in the Himalayan mountains or its foothills, including China, India, Nepal and Pakistan, could face sudden flooding events, the report said. As the ice melts, water can pool behind rocky ridges to form lakes. And when those rocks give way,...
FinMin finalizes framework for sovereign green bonds
These rupee-denominated papers will have long tenure to suit the requirement of green infrastructure projects. New Delhi: The Finance Ministry has finalized the framework to issue sovereign green bonds in line with global standards, according to sources. The...
COP 27-World Bank will host facility for climate disaster risk – Malpass
World president David Malpass said announced the new instrument, called the Global Shield Financing Facility, at a meeting with German Chancellor Olaf Scholz, who has spearheaded the effort among G7 members to create a program to give vulnerable countries access to...
Over 27 million children at risk from devastating record-setting floods
UNICEF says that this year, floods have contributed to the increased spread of major killers of children, such as malnutrition, malaria, cholera and diarrhoea, and that the aftermath of floods is often more deadly for children than the extreme weather events that...
15,000 killed by hot weather in Europe in 2022: WHO
"This is the fastest-warming region, according to a report launched this week by the World Meteorological Organization (WMO). Extreme temperatures accounted for more than 148 000 lives lost in the European Region in the previous 50 years. In just 1 year since, we lost...
Reeling from floods, Pakistan seeks climate compensation, debt relief
Pakistan and other climate-vulnerable countries are demanding that the U.N. climate talks this year in Egypt take steps to mobilize "loss and damage" funds for disaster-hit nations, and some say rich nations have a duty to pay these costs because their historical...
Climate finance a mirage; early warning systems key to saving lives, livelihoods: Bhupender Yadav at COP27
Union Environment Minister Bhupender Yadav India is making swift progress in respect of early warning for other hazards such as heat waves, the minister said, adding that the country has made concerted efforts towards making early warnings impact-based, easily...
COP27 begins a ‘new era to do things differently’, issue of “loss and damage” to be discussed
29 countries have now come forward with tightened national climate plans since COP26, five more since the publication of last week’s UNFCCC NDC Synthesis report, but still not a majority, said Simon Stiell, the new Executive Secretary of the UN Climate Convention...
TotalEnergies to take legal action after Greenpeace says it under-reports emissions
Greenpeace France earlier accused the oil giant of under-reporting emissions, sparking a debate about its seriousness in the fight against climate change days ahead of the next round of global climate talks. France’s TotalEnergies said on Thursday it would take legal...
Dutch govt to stop banks credit insurance for fossil fuel exports
Around 20 countries including Germany, the United States, Britain and Canada made similar commitments, but only a few including France have so far implemented them into policy The Dutch government on Thursday said it intends to stop giving companies and banks credit...