RBI plans guidance on stress testing for climate vulnerability of banks’ credit portfolio: RBI dy governor

by | Jul 25, 2023 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Regulation, Risk Management

”For this to materialise, central banks can incorporate climate-related risks into their supervisory frameworks and can contribute to the development of frameworks and standards for green finance. These frameworks can help promote transparency, standardization,...
In major climate step, US govt agency proposes 1st limits on greenhouse gas emissions from power plants

In major climate step, US govt agency proposes 1st limits on greenhouse gas emissions from power plants

by | May 12, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Policy, Risk Management

If finalised, the proposed regulation would mark the first time the federal government has restricted carbon dioxide emissions from existing power plants, which generate about 25 per cent of US greenhouse gas pollution, second only to the transportation sector...

Aon launches dedicated unit to drive climate analytics and advisory into multiple sectors

by | May 5, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management, Technology

More than 400 natural catastrophes caused $313 billion of damage worldwide in 2022 As climate change drives new extreme weather records, organizations need to better quantify the impact of climate risk. Aon’s Climate Risk Advisory to help clients meet their...