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U.N. to roll out global early-warning systems for extreme weather
Petteri Taalas, Secretary-General, World Meteorological...
New Zealand enacts a new law to modernise natural hazard insurance
The Bill’s name - Natural Hazards Insurance Bill - recognises the...
India to offer Pacific island nations $150 mn credit line for climate issues
In addition, a concessional Line of Credit of $150 million which can be availed by the PSIDS for undertaking solar, renewable energy and climate related projects based on each country’s requirement was announced,, .
Insured losses for Typhoon Faxai estimated at $3B-$7B: AIR Worldwide
According to AIR, Typhoon Faxai surpassed Typhoon Higos for the strongest sustained wind speed at landfall in the region and tied with 1958’s Typhoon Helen for the lowest recorded central pressure. Faxai was comparable in strength to Typhoon Jebi, which devastated the southern Shikoku Island in 2018
Climate change tops list of world’s ‘extreme risks’
Tim Hodgson, Head of the Thinking Ahead Group, said: “Our extreme risks ranking has seen the emergence of a general trend with financial risks falling down the rankings and non-financial extreme risks growing in significance. Global temperature change becomes the highest ranked risk due to our assessment of higher likelihood coupled with significant impact – in the extreme this would mean mass extinction.
Why are Amazon fires potentially sparking global climate crisis?
Brazilian climate scientist Carlos Nobre believes 15-17% of the entire Amazon has already been destroyed. At first, researchers thought the tipping point would be 40% destruction. But that has changed with global warming raising temperatures in the Amazon and the increasing number of fires. Nobre now says that the tipping point is more likely at between 20-25%.
ADB Introduces Contingent Disaster Financing for Natural Disasters
Asia and the Pacific is the world’s most natural disaster-prone region. Between 2014 and 2017, countries in the region suffered 55 earthquakes, 217 storms and cyclones, and 236 cases of severe flooding, affecting 650 million people and causing about 33,000 deaths, according to the United Nations.
Floods: Death toll rises to 163 in Kerala and Karnataka; Rains continue in Kerala
Meanwhile, the Karnataka government on August 14 transferred Rs 2,000 to each of the bank account of one lakh farmers as part of its announcement to provide additional financial assistance from the state to the beneficiaries of the Pradhan Mantri Kisan Samman Nidhi Scheme.
Catastrophes cause $44 bn global economic losses in H1 2019,only 42% of them were insured:Swiss Re
Only about 42% of the global economic losses were insured (compared with 52% in the first half of 2018) as several large-scale disaster events, such as cyclone Idai in southern Africa and cyclone Fani in India, occurred in areas with low insurance penetration.
Over 200 dead in four flood-hit states; more than 12 lakh people affected
In Kerala, the death toll increased to 83 and 2.55 lakh people have sought refuge in relief camps, official said, fearing the toll is may go up as 50 people are still missing in Malappuram.
Hurricane activity could pick up as El Nino fades, say forecasters
The National Oceanic and Atmospheric Administration’s Climate Prediction Center said Thursday the Atlantic season looks more active than normal as peak hurricane season begins. Forecasters now expect 10 to 17 named storms, with five to nine hurricanes and two to four major ones.In May, they forecast a normal season, one or two fewer named storms and hurricanes.
EU fights spread of African swine fever with 10 countries now affected
The situation “is very worrying,” EU Commission spokeswoman Anna-Kaisa Itkonen told a media briefing , urging action against a “catastrophic animal disease” which industry officials in Bulgaria fear could cause damages of up to 2 billion levs ($1.15 billion).