Cat to the rescue: Govts, insurers must issue catastrophe bonds for citizens’ financial protection from weather events

Synopsis: With India prone to disaster activities, there is a need to launch the cat bonds or catastrophe bonds. Introduction Climate change has an adverse impact on the nature and environment. It led to a lot of devastating activities like floods, fire etc. India is also facing the brunt of these activities. National Disaster Management Authority… Continue reading Cat to the rescue: Govts, insurers must issue catastrophe bonds for citizens’ financial protection from weather events

By 2030, early warnings on floods and droughts to be available for all: WMO

Source: This post is based on the article “By 2030, early warnings on floods and droughts to be available for all: WMO” published in “Down to Earth” on 20th October 2021. What is the news? At the ongoing World Meteorological Congress, World Meteorological Congress has endorsed the ‘Water Declaration’, wherein early warnings about floods and… Continue reading By 2030, early warnings on floods and droughts to be available for all: WMO

Big cities need to upgrade water run-off systems

Source: TOI Relevance: Fighting the recurring issue of urban flooding Synopsis: Upgradation of storm water drain designs and making storm water drain management a part of smart cities mission is required to fight the problem of urban flooding. Background Every monsoon after a few hours of rainfall our metros are inundated. This annual urban horror… Continue reading Big cities need to upgrade water run-off systems