Category:

Non-Life

Extreme weather makes everything harder, except climate-risk analysis

The findings were hardly surprising to those who follow climate science closely, but the gravitas of the report, which summarizes work by thousands of academics, will shift the broader conversation on global warming for years to come.That we now acknowledge, without doubt, that rising global temperatures are causing more extreme weather underlines the importance of all the work being done to assess the financial costs of climate change. It is also a reminder that financial analysts, policymakers and economists can’t begin to capture the full scale and effect of a warming planet.

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Biz activity last week higher than pre-COVID level for first time: Report

This is the first time that the activity has breached the pre-pandemic base. The index level had declined sharply in the immediate aftermath of the national lockdown in April last year and rose steadily to be very close to the pre-pandemic levels of March 2020. However, the second wave and the ensuing localised lockdowns dented it again, till it rose after the waning of the infections.

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New airports being constructed in India at unprecedented speed: PM

The Centre has accorded in-principle approval for setting up of 21 greenfield airports across the country: Mopa in Goa; Navi Mumbai, Sindhudurg and Shirdi in Maharashtra; Bijapur, Hassan, Kalaburagi and Shimoga in Karnataka; Dabra (Gwalior) in Madhya Pradesh; Kushinagar and Jewar (Noida) in Uttar Pradesh; Dholera and Hirasar in Gujarat; Karaikal in Puducherry; Dagadarthi, Bhogapuram and Orvakal (Kurnool) in Andhra Pradesh; Durgapur in West Bengal; Pakyong in Sikkim; Kannur in Kerala; Hollongi (Itanagar) in Arunachal Pradesh. 

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U.S. opens formal safety probe into some 765,000 Tesla vehicles

The National Highway Traffic Safety Administration (NHTSA) said that since January 2018, it had identified 11 crashes in which Tesla models “have encountered first responder scenes and subsequently struck one or more vehicles involved with those scenes.”In a statement, the NHTSA reminded drivers “no commercially available motor vehicles today are capable of driving themselves … Certain advanced driving assistance features can promote safety by helping drivers avoid crashes and mitigate the severity of crashes that occur, but as with all technologies and equipment on motor vehicles, drivers must use them correctly and responsibly.”

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New York’s pension fund to review oil holdings, axes more coal investments

The move by the New York state pension fund comes days after the United Nation’s Intergovernmental Panel on Climate Change reported global warming was nearly out of control, and calling its findings “a death knell for coal and fossil fuels.”

Major investors, including BlackRock have re-evaluated holdings in fossil fuel producers and prodded energy executives to reduce emissions and prepare for a lower carbon world. After completing its shale review, the New York fund plans to turn next to oil and gas pipeline and processing investments, it said.

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India’s vehicle scrappage policy provides opportunities for new biz models: Experts

Deloitte India Partner & Leader, Government & Public Services Arindam Guha said in addition to reducing vehicular pollution and improving road safety, the vehicle scrapping policy is also likely to attract additional investments and generate employment through registered vehicle scrapping facilities (RVSFs), with around 50-60 such centers likely to be set up across the country.

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