Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, says:...
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Climate, Environment, Renewable Energy
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Italy makes it mandatory for companies to buy climate risk covers
Most Italian businesses — especially small and mid-sized ones —...
Build capabilities to ensure correct assessment of climate change risks: RBI Dy Guv Rao
The climate-specific vulnerabilities’ interplay with real economy...
India: Just 44 pc of premium office space green certified; Green buildings command higher rent,Report
The seven cities are Mumbai, Delhi-NCR, Bengaluru, Chennai, Hyderabad, Pune, and Kolkata. ''It is imperative to look at growing the overall certification coverage if we are to look at achieving the net-zero pledge of 2070 for India, with real estate set to play a...
Howden launches ‘World-First’ voluntary carbon credit insurance product, to help scale the market
Capacity comes from the Lloyd’s market, with Nephila’s Syndicate 2357 as the lead market Charlie Langdale, Head of Climate Risk and Resilience at Howden, says: “For the voluntary carbon market to grow to $50bn by 2030, buyers need to be able to trust that the carbon...
17 states weigh adopting California’s electric car mandate
Under the Clean Air Act, states must abide by the federal government's standard vehicle emissions standards unless they at least partially opt to follow California's stricter requirements. Among them, Washington, Massachusetts, New York, Oregon and Vermont are...
Pakistan: More than 6.4 million in ‘dire need’ after unprecedented floods
With 1.1 million houses washed away and vital infrastructure destroyed such as schools, UNICEF’s Representative in Pakistan, Abdullah Fadil, explained that “ 18,000 schools have been destroyed and thousands of schools are now fully shuttered… So that means children...
Globally majority of those impacted by floods uninsured: Swiss Re
This year heavy rains have triggered floods that inundated cities in China and South Korea and disrupted water and electricity supply in India, while drought has put farmers’ harvests at risk across Europe Insured losses from floods doubled to $80 billion globally...
Climate crisis: India showing intent as problem solver, says Bhupender Yadav at G20 meet
''India believes that environmental sustainability can only be achieved through climate justice and equity in resource usage, technology, financing and low-carbon development timelines. Anything less is unacceptable,'' Yadav said He said the G20 members must hold a...
Pakistan could have averted climate catastrophe that has killed over 1,000
The infusion of $1.16 billion by IMF might help unlock enough cash to get the country through the next couple of years — but the floods themselves have caused more than $10 billion of damage, much of which will end up boosting the country’s $255 billion in debt. If...
Wildfire, floods don’t need to turn into disasters: UN risk report
“Disasters occurring in completely different parts of the world at first appear disconnected from each other. But when you start analyzing them in more detail it quickly becomes clear that they are caused by the same things, for example greenhouse gas emissions or...
Pakistan’s fatal flooding has hallmarks of global warming:
The recent flood in Pakistan is actually an outcome of the climate catastrophe … that was looming very large. The kind of incessant rainfall that has happened … has been unprecedented,"said Anjal Prakash, a research director at India's Bharti Institute of Public...
Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report
Of the five business sectors most vital to the global economy, manufacturing and distribution would be hit hardest by disasters costing $4.2 trillion as water scarcity disrupts production while storms and floods destroy infrastructure and inventory. read more Last...