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Global climate goals ‘virtually impossible’ without carbon capture – IEA

by AIP Online Bureau | Sep 24, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management, Technology

   A sharp rise in the deployment of carbon capture, utilisation and storage (CCUS) technology is needed globally if countries are to meet net-zero emissions targets designed to slow climate change, the International Energy Agency (IEA) said on Thursday.A...

Tel Aviv to become first city with electric roads that charge public buses

by AIP Online Bureau | Sep 23, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts, Technology

The city of Tel Aviv is working on creating wireless electric roads to charge and power public transportation in the city. The electric roads are part of a pilot program led by the Tel Aviv-Yafo Municipality in collaboration with ElectReon, a company developing a...

ONGC says fire at Hazira gas processing plant under control

by AIP Online Bureau | Sep 23, 2020 | Indian News, Non-Life, Reinsurance, Risk Management

NEW DELHI/AHMEDABAD: Oil and Natural Gas Corp said a fire that broke out at its Hazira gas processing plant in Gujarat on Thursday morning has been brought under control. “There is no casualty or injury to any person,” ONGC said on its Twitter account....

California to ban sale of new gasoline-powered passenger vehicles starting in 2035

by AIP Online Bureau | Sep 23, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  WASHINGTON/LOS ANGELES: California plans to ban the sale of new gasoline-powered passenger cars and trucks starting in 2035 as the top U.S. auto market shifts to electric vehicles to reduce climate-warming emissions, Governor Gavin Newsom said on Wednesday. The...

IMF official warns coronavirus will weigh on some economies for years

by AIP Online Bureau | Sep 23, 2020 | Eco/Invest/Demography, International News, Pandemic, Risk Management

  WASHINGTON: The coronavirus crisis is lasting longer than expected and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said on Wednesday. The Fund has provided some $90 billion in total financing to...

States can use 50% of SDRF for Covid-19 pandemic: PM Modi to CMs

by AIP Online Bureau | Sep 23, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic

  New DelhI: States can now use 50 per cent of their disaster relief funds to manage Covid-19 as the cap of 35 per cent has been removed, said Prime Minister Narendra Modi in a meeting with seven chief ministers administering states most affected by the pandemic....

Red Cross warns coronavirus is driving discrimination in Asia

by AIP Online Bureau | Sep 23, 2020 | Eco/Invest/Demography, Facts, Health

  Red Cross warns coronavirus is driving discrimination in AsiaThe International Federation of Red Cross and Red Crescent Societies (IFRC) warned on Thursday that the novel coronavirus is driving discrimination towards vulnerable communities in Asia, including...

Top shipping insurance group will not cover ships for Russia, Turkey pipelines projects

by AIP Online Bureau | Sep 23, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions. Associations belonging to the International Group of P&I...

Peak Re appoints Andrew Souter as Director of Markets

by AIP Online Bureau | Sep 23, 2020 | International News, Non-Life, Reinsurance

  Hong Kong: Peak Reinsurance Company (“Peak Re”), Hong Kong based reinsurer, has appointed Andrew Souter as the company’s director of Markets with effect from early November 2020. Souter will oversee the clients’ portfolio in Global...

1/3rd of UK’s medium-sized businesses likely to purchase cyber insurance since COVID-19 outbreak:GlobalData

by AIP Online Bureau | Sep 23, 2020 | Eco/Invest/Demography, Facts, Non-Life, Pandemic, Risk Management, Technology

  London: Insurers looking to target businesses with cyber insurance following a rise in attempted attacks during lockdown should focus on larger small and medium-sized enterprises (SMEs), according to GlobalData, a leading data and analytics company....
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