India to start monitoring high-risk glacial lakes next year

India to start monitoring high-risk glacial lakes next year

There are 56 at-risk glacial lakes in India and the urgency to monitor them was stepped up after Lhonak Lake in the eastern Himalayas burst its banks two weeks ago and caused widespread damage in Sikkim, a small mountainous state wedged between China, Nepal and Bhutan...

EU banks ready to expand risk models to manage climate-change fallout: Survey

The results indicate that banks are increasingly concerned about the potential of global warming to hurt asset values. The industry also faces a December deadline by the European Central Bank to reflect climate risks in their governance, strategy and risk management...