The matter was raised through a letter petition highlighting the...
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Climate, Environment, Renewable Energy
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Govt asks GSI to redefine TN tungsten mine block, exclude biodiversity site
The statement came in the wake of Tamil Nadu Chief Minister M K...
European Central Bank plans insurance for climate risks
One part of the plan is a voluntary public-private reinsurance...
AXIS Capital refuses to underwrite energy, mining and other projects without backing of local indigenous communities
Non-governmental organization Rainforest Action Network (RAN) told Reuters that AXIS was the first North American insurer to adopt such a policy, and believed it set a fresh standard for best practice Two insurers in Europe – Swiss Re and Allianz – mention FPIC in...
Plastic Pollution: Litigation could cost the industry and its insurers $20 billion in US over next 8 yrs, says Report
More than 300 million tons of plastic are produced every year and at least 14 million tons ends up in the ocean where it is ingested by animals and can enter the human food chain, according to the International Union for Conservation of Nature Like climate...
NGT directs Karnataka government to pay Rs 2,900 cr for improper solid, liquid waste management
Award of compensation had become necessary under Section 15 of the NGT Act to remedy the continuing damage to the environment and to comply with directions of the Supreme Court, the bench said. It is high time that the state realises its duty to the law and citizens...
Climate finance by major multilateral banks rose 24 pc in 2021
"In Asia and the Pacific, we are uniquely vulnerable. Whether it's historic levels of flooding in Pakistan, devastating drought in the People's Republic of China, or cyclones in the Pacific, our region knows full well the ever-present impact of climate change. It's...
Four in five cities across world facing significant climate hazards such as heat waves,floods and droughts
CDP’s report “Protecting People and the Planet” surveyed 998 cities from across the globe and showed that in addition to 80% facing extreme climate events, for nearly a third, climate-related hazards threaten at least 70% of their populations. Four in five cities...
Energy infrastructure will become more vulnerable to extreme weather: World Meteorological Organization
``I think that if we don’t do anything, if we don’t make our energy system more resilient to climate change, there will be as big a disruption in the energy system as the war,” Roberta Boscolo, WMO climate and energy lead told Reuters as the UN agency launched a major...
PM declares Modhera in Gujarat as India’s first 24×7 solar-powered village
Prime Minister Narendra Modi Making Modhera the country's first round-the-clock solar-powered village involved developing a ground-mounted solar power plant and more than 1,300 rooftop solar systems on residential and government buildings, a government release said...
Car prices to rise as auto cos gear to comply with stricter emission norms
ICRA Vice President & Sector Head, (Corporate Ratings) Rohan Kanwar Gupta cautioned that as OEMs have been forced to take price hikes to counter inflation over the past 15-18 months, any further increase in the price of the vehicle could have a moderating impact...
Munich Re not to invest in or insure new oil and gas fields from April 2023
Furthermore, in its own listed equities and corporates portfolio, as of 1 April 2023, Munich Re will cease to conduct new direct investments in pure-play Oil & Gas companies As of 1 January 2025, Munich Re will require a credible commitment to net-zero greenhouse...
Sustainable Finance committee submits report to IFSCA
The committee has provided its recommendation on various aspects of sustainable finance including products, policies and regulations, capacity building and outreach initiatives related to green and sustainable finance, IFSCA said in a statement The report of the...