Explore Business Standard
Heatwaves, wildfires, droughts, and storms cost the world more than USD 120 billion in 2025, according to a new report analysing the escalating cost of climate change. The report by UK-based NGO Christian Aid underscores the cost with fossil fuel companies playing a central role in driving the crisis. The report noted that cost of climate inaction is equally clear, as communities continue to bear the brunt of a crisis that could have been averted with urgent action to reduce greenhouse gas emissions. "These disasters are not natural they are the predictable result of continued fossil fuel expansion and political delay," said Emeritus Professor Joanna Haigh, at Imperial College London. The ten most financially costly events all had an impact of more than USD billion with the combined total topping more than USD 122 billion in damage. Most of these estimates are based only on insured losses, meaning the true financial costs are likely to be even higher, while the human costs are ofte
Ocean temperatures warmed by human-caused climate change fed the intense rainfall that triggered deadly floods and landslides across Asia in recent weeks, according to an analysis released on Wednesday. The rapid study by World Weather Attribution focused on heavy rainfall from cyclones Senyar and Ditwah in Malaysia, Thailand, Indonesia and Sri Lanka starting late last month. The analysis found that warmer sea surface temperatures over the North Indian Ocean added energy to the cyclones. Floods and landslides triggered by the storms have killed more than 1,600 people, with hundreds more still missing. The cyclones are the latest in a series of deadly weather disasters affecting Southeast Asia this year, resulting in loss of life and property damage. "It rains a lot here but never like this. Usually, rain stops around September but this year it has been really bad. Every region of Sri Lanka has been affected, and our region has been the worst impacted," said Shanmugavadivu Arunachala
US agriculture major Corteva Agriscience is accelerating its biologicals push in India, focusing on biocontrols and biostimulants as natural crop protection solutions gain traction amid mounting climate pressures and pest resistance challenges, a top company official has said. The company sees India as a critical market for biologicals, given the government support for natural farming and gene-editing technologies, Corteva president, Asia-Pacific, Brook Cunningham told PTI during her India visit. "Biocontrols are what farmers need most. No one has solved this at scale yet," Cunningham said, adding that the company is investing heavily in microbial solutions that either attack pests directly or boost plant defences. The shift toward biologicals is being accelerated by climate change, which is enabling faster pest movement and increasing stress from drought, flooding, and heat. Biostimulants, products that strengthen plants from the soil up, are emerging as crucial tools for Indian ..
The climate crisis will hit the poorest and the most marginalised the hardest, including those in India and other developing nations, said a top representative of a global campaign advocating for a new international treaty to manage the phasing out of fossil fuels. In terms of the formal agreements reached at COP30, "we are still drastically off track" in confronting the climate crisis, Fossil Fuel Non-Proliferation Treaty director Alex Rafalowicz said, while focussing attention on people who have contributed the least to the problem and have the least resilience to rising temperatures. "To stop the acceleration of these disasters, we need a genuine plan to phase out fossil fuels and to end deforestation. COP30 did neither. So at the highest level, we must be honest, we are off track," Rafalowicz said. The United Nations climate talks in Brazil reached a subdued agreement recently that pledged more funding for countries to adapt to the wrath of extreme weather. But the catch-all ..
Indigenous people filled the streets, paddled the waterways and protested at the heart of the venue to make their voices heard during the United Nations climate talks that were supposed to give them a voice like never before at the annual conference. As the talks, called COP30, concluded Saturday in Belem, Brazil, Indigenous people reflected on what the conference meant to them and whether they were heard. Brazilian leaders had high hopes that the summit, taking place in the Amazon, would empower the people who inhabit the land and protect the biodiversity of the world's largest rainforest, which helps stave off climate change as its trees absorb carbon pollution that heats the planet. Many Indigenous people who attended the talks felt strengthened by the solidarity with tribes from other countries and some appreciated small wins in the final outcome. But for many, the talks fell short on representation, ambition and true action on climate issues affecting Indigenous people. This w