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Climate change and cyber risk top the list of concerns in AXA Future Risks Report 2021

“Climate change returned to the top of the experts’ risk ranking in the 2021 survey, having been displaced by pandemic risk in 2020.The survey revealed regional differences: climate concern is higher in Europe than anywhere else, among both experts and the general public. Meanwhile, experts in Africa and the Americas were most pessimistic about their national governments’ preparedness to tackle this risk,” said AXA.

Cyclone damages Indian crops just before harvesting

“Within a week the cotton production outlook changed. We were expecting higher yields, but now yields will go down and even the quality of harvested crop would be inferior at the beginning,” Chirag Patel, chief executive at Jaydeep Cotton Fibers Pvt Ltd, a leading exporter. said.
Farmers have expanded areas under soybean, but rainfall is limiting the rise in production, said Davish Jain, chairman of the Soybean Processors Association of India.

U.S. to declare 23 species, including ivory-billed woodpecker, extinct – media

Government scientists have exhausted efforts to find these 23 species and warned that climate change, on top of other pressures, could make such disappearances more common, the Associated Press reported. “Each of these 23 species represents a permanent loss to our nation’s natural heritage and to global biodiversity,” Bridget Fahey, who oversees species classification for the Fish and Wildlife Service, was quoted as saying in the New York Times.

“And it’s a sobering reminder that extinction is a consequence of human-caused environmental change,” Fahey said. The extinctions include 11 birds, eight freshwater mussels, two species of fish, a bat, and a plant, according to the Times.

Coal expansion could cause over 5,200 premature deaths, 8,300 preterm births in Delhi this decade

Twelve percent of India’s coal-based electricity is generated within 500 km of the national capital.

The research suggests that around 55 lakh sick days could be caused by air pollution exposure from coal power plants in Delhi if the current proposed expansion of coal capacity takes place. The economic health costs associated with coal pollution in Delhi is estimated at USD 8.4 billion over the coming decade.

COVID-19 highlighted supply chains should not be based only on cost but also trust: Piyush Goyal

“The effort is to make India produce high-quality products at competitive prices meeting global standards truly in areas where we have the strength or the competitiveness becoming a larger player in global markets,” he said. “It may not happen in all businesses but we certainly believe that there is a lot of potential in several sectors,” he added.

Cardiovascular diseases cause more deaths in India: Survey

On the findings of the health and wellness survey, Sanjay Datta, Chief – Underwriting, Reinsurance & Claims, at ICICI Lombard said, “Lack of awareness of the ailment coupled with the severity of the impact of the pandemic on our overall health, makes it even more critical to adopt a healthy lifestyle. A heart-healthy lifestyle is more likely to supplement one’s immune system. Along with having an active lifestyle, it is also imperative to look after our mental health as stress anxiety tighten their grip around our fast-paced lives.” 

Researchers find double benefit of climate protection through both limiting, delaying global warming

In the study, the scientists analysed the joint impacts of demographic development and climate change on people exposed to tropical cyclones — and found that timing of when certain warming levels are reached becomes crucial. The results are even more obvious on the country level, explained Johannes Gutschow.

“Our model shows, with unprecedented detail, that in 2050 all countries at high risk of tropical cyclones are projected to see a rise in exposure. Due to the projected population growth, we found exposure changes of nearly 300 per cent in some East African countries, up to 100 per cent in the US and also a strong increase for the Arabian Peninsula.”

Pandemic pushes Chinese tech giants to roll out more courier robots

Researchers at the University of Michigan said fully and partially automated vehicles could cut delivery costs by 10−40% in cities. Alibaba’s last-mile logistics vehicle has delivered over a million orders as of September to more than 200,000 consumers, the company said. It operates over 200 robots and plans to have 1,000 by March and 10,000 over the next three years.

World Bank says Delta variant slowing economic growth in East Asia and Pacific

Economic activity began to slow in the second quarter of 2021, and growth forecasts have been downgraded for most countries in the region, according to the World Bank’s East Asia and Pacific Fall 2021 Economic Update.

While China’s economy is projected to expand by 8.5%, the rest of the region is forecast to grow at 2.5%, nearly 2 percentage points less than forecast in April 2021, the World Bank said.

China encourages mainland insurers to sell catastrophe bonds in Hong Kong

Mainland property and casualty insurance companies and reinsurance companies can set up special-purpose entities in Hong Kong to raise funds from bond sales, according to a statement of the China Banking and Insurance Regulatory Commission (CBIRC).

The arrangement can help diversify insurers’ losses from natural disasters such as earthquakes, floods and typhoons, it said.