While EV sales growth in India is also slowing, rising 20 per cent...
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Climate, Environment, Renewable Energy
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Form panel to consider phasing out petrol, diesel vehicles: HC to Maha govt
A division bench of Chief Justice D K Upadhyaya and Justice Girish...
Allianz Risk Barometer 2025: Business interruption top business risk in Asia
Christian Sandric, Regional Managing Director of Allianz Commercial...
India suffered income loss of $159 bn in key sectors due to extreme heat in 2021: Report
Suruchi Bhadwal, director for earth science and climate change at The Energy and Resources Institute, said,'' Extreme weather events in our regions have shown that the effects of climate change are increasing, and more and more people are being affected.'' ''The need...
Australian banks may have to rethink mortgages in risk areas -NAB
Ross McEwan, chief executive officer of National Australia Bank Ltd said that as devastating floods become more frequent it raises questions about whether banks will help people buying assets in flood-prone areas and what the cost will be Australian banks may have to...
U.S. Treasury proposes a new rule to collect data on climate-related risks from P&C insurers
U.S. Treasury Secretary Janet Yellen has pressed U.S. financial regulators to make assessment of climate change risks a normal part of their everyday work, including a demand that companies increase disclosures of such risks to investors Treasury said the proposed...
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...