The court said there was a need to declare heatwaves and cold waves...
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Remal weakens into cyclonic storm, expected to move northeastwards: IMD
Scenes of widespread devastation were evident across West Bengal's...
Cyclone Remal wreaks havoc in West Bengal, Bangladesh after making landfall; 1 killed
Arup Biswas, the minister for power in West Bengal government, said...
63 nations to see ratings downgrades by 2030 for ignoring climate change
The U.S. is projected to lose 20 per cent of its per-capita gross domestic product by 2050 in a worst-case scenario, with nations closer to the equator or with high-carbon economies even more vulnerable, according to the FTSE Russell report.
Malaysia could see the worst economic hit at 31 per cent. The projections, based on trends of greenhouse-gas emissions and countries’ mitigation efforts, show the risk for investors of long-term bets on sovereign bonds.
Climate-change linked downgrades could cost countries $270 billion-a-year
The estimates comes amid warnings by policy makers from around the world that financial markets are underpricing the risk of climate change on asset prices, with potentially costly future corrections.
10 Years After Nuclear Disaster, How Dangerous Is the Fukushima Plant?
The plant’s operator, Tokyo Electric Power Co., says the tsunami couldn’t have been anticipated, but reports from government and independent investigations and recent court decisions described the disaster at the plant as human-made and a result of safety negligence, lax oversight by regulators and collusion.
HDFC ERGO Gen launches cover to protect balance sheet of MFIs, FIs and banks against natural disasters
Over the past few years, rising natural calamities such as floods and cyclone, have impacted the livelihoods of people residing in these calamity-prone areas. Moreover, such calamities also severely impact the lending businesses in these areas. Business Kisht Suraksha aims to address these concerns by indemnifying against these climatic changes whilst also protecting financial institutions from rising NPAs occurring due to the impact of natural disasters, explained Anurag Rastogi, Chief Actuary & Chief Underwriting Officer, HDF ERGO General Insurance
Why world’s power grids are increasingly vulnerable to cyber attacks
“Essential state infrastructures like power grids and nuclear reactors have been and will continue to be a target of cyber attacks because modernization allows internet connectivity, which makes them vulnerable,” said Kim Seungjoo, a professor at Korea University’s School of Cybersecurity.
“It’s almost a natural instinct of hackers, especially the state-sponsored ones, to attack energy infrastructure because they can easily disrupt national security.”
International Conference On Disaster Resilient Infrastructure to be held from 17 – 19 March
ICDRI 2021 is a three-day interactive virtual conference • It will be held from 17 – 19 March 2021 • Prime Minister of India Narendra Modi is scheduled to make the inaugural speech for the event • ICDRI 2021 constitutes of a virtual exhibition – Marketplace • Online courses are being offered before, during and after the conference via Masterclass Register Now https://icdri.cdri.world/Register.html
Strong 7.2 magnitude earthquake jolts New Zealand, tsunami warning issued
There was no immediate report of damages.
New Zealand government’s seismic monitor Geonet pegged the quake at a magnitude of 7.2 with a depth of 94 km (58 miles).
Extreme weather events put $84 billion of Indian bank debt at risk
The banks flagged exposure to environmentally sensitive businesses including cement, coal, oil and power. They also listed the effects of cyclones and floods on loan repayments in farming and related sectors. Lenders accounted for 87% of the total risk, valued at about $97 billion, across 67 top Indian companies that responded to CDP.
S&P insurers moving cautiously in the aftermath of massive Texas Ice storm Uri
According to the catastrophe modelling agency Karen Clark & Co, Winter Storm Uri will cost the industry about $18 billion. In comparison, Hurricane Harvey caused $30 billion in industry insured losses in the U.S. and about $19 billion in Texas.
Carbon-cutting pledges by countries nowhere near enough:UN
Fewer than half of the world’s countries, accounting for 30 per cent of the world’s carbon emissions, submitted targets by the deadline. Only seven of the top 15 carbon polluting nations had done so.