Global ocean temperatures hit record highs for 450 days straight...
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Auditors get tougher guidelines on judging firms’ environmental claims
The move by the International Auditing and Assurance Standards...
Munich Re promotes Parametric solutions for Cat losses in India
An one day event on ``Disaster Risk Transfer and Financing...
WMO reports decrease in likelihood of severe Atlantic hurricane season ahead
Over the past 50 years, every single day, they have caused on average 43 deaths and $78 million in damages, according to WMO statistics from 1970-2019 However, based on the data, death tolls have fallen dramatically. This development is thanks to improvements in...
Climate change: Cabinet approves India’s updated nationally determined contributions
According to the updated NDC, India now stands committed to reducing emissions intensity of its GDP by 45 per cent by 2030, from 2005 level, and achieving about 50 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by...
‘Heat wave also pushed food inflation”: Crisil
''The heat wave was the key domestic factor responsible for pushing up food prices this year,'' it said, pointing to a 2020 RBI study which said macroeconomic impact of climate change on food inflation has been statistically significant for India over the past two...
India used far less than its share of global carbon budget: Govt
Ashwini Kumar Choubey,Union Minister of State for Environment "Our per capita emissions are 1.96 tonnes which is less than one-third of the world's per capita GHG (greenhouse gas) emissions and our annual emissions in 2016 are only about 5 per cent of the global...
Banks’ climate risk assessment to include their reputational risks:RBI
Regulated entities (REs) should address financial risks arising from climate change and environmental degradation, through its risk management framework, in line with Board-approved risk appetite statement, risk management strategy and business plan, said the RBI...
Asia-Pacific accounts for $ 22bn CAT losses in H122, Insured losses at $ 8bn:Munich Re
Floods, earthquakes and storms caused overall global losses of some US$ 65bn compared with US$ 105bn in the loss-heavy previous year. At around US$ 34bn, insured losses were roughly in line with previous years Globally, some 4,300 people lost their lives in natural...
FAO warns 90 per cent of Earth’s topsoil at risk by 2050
The five key actions that FAO has called for, tasks civilians, governments and international institutions, with taking greater action to monitor and care for soil One achievement of GSP, thus far, has been the partnership with farmers and local governments to enhance...
Germany earmarks up to $14 bln to make buildings more energy-efficient
Over the next few years, some 12-13 billion euros per year will be allocated to subsidise renovations to old buildings and installing more energy-efficient windows, doors and heaters, the ministry said. Around one billion euros will be allocated for new construction....
Global CAT insured losses at $39 billion in H1 2022:Aon
Steve Bowen, managing director and head of Catastrophe Insight for Aon’s Impact Forecasting team, said: “The continued effects of La Niña conditions, amplified by climate change’s influence on global weather patterns, not only increased volatility and intensified many...
Luton Airport runway meltdown shows airports vulnerable to climate change
Airports Council International (ACI), a group representing airports globally, said it will soon publish an airfield maintenance handbook for members with a section dedicated to pavement management “This includes lists of probable cause of pavement distresses, and some...