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Climate Change Is Breaking Insurance. Here’s How Tech Could Save It.

If floodwaters outside a warehouse in Freeport, Texas, owned by private investment firm Postlane Partners rise to 8 inches, an internet-connected sensor will trigger an automatic $3 million payment from an insurance company, a startup called FloodFlash. If the waters rise to 16 inches, the payment will also rise—to $5 million.  This type of policy, called parametric insurance, works like a bet. It has a defined payout, which limits the liability of the insurer. And it comes from a new breed of insurance company, stepping…

New Breed of Supercomputer Aims for the Two Quintillion Mark

That’s two billion billion operations a second, enough to explore the brain and discover drugs. That’s two billion billion operations a second, enough to explore the brain and discover drugs. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…

EPA Launches Green Bank for Climate Funding in Low-Income Areas

The bank will aim to channel private-sector funding to communities vulnerable to climate change. The bank will aim to channel private-sector funding to communities vulnerable to climate change. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…

Exxon Mobil Buys Pipeline Operator, Making Big Bet on Carbon

Exxon Mobil is buying pipeline operator Denbury for almost $5 billion, a big bet by the oil giant on the business of transporting and storing carbon. Exxon Mobil is buying pipeline operator Denbury for almost $5 billion, a big bet by the oil giant on the business of transporting and storing carbon. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified.…

Shipping Regulator to Steer Clear of Stricter Rules on Carbon Emissions

The lack of consensus on a timeline to cut greenhouse-gas emissions puts investments in green-energy transition projects at risk. The lack of consensus on a timeline to cut greenhouse-gas emissions puts investments in green-energy transition projects at risk. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

Oil, Gas Companies Urged to Pursue Relatively Cheap Fix on Emissions

Oil and gas companies would need to spend just a small fraction of their earnings on minimizing methane releases to have an outsize impact on curbing climate-altering greenhouse-gas emissions, but action has been lacking, the International Energy Agency said Tuesday. An investment of $75 billion from oil and gas companies—equivalent to 2% of the sector’s latest annual net income—between now and 2030 would cut the energy sector’s direct greenhouse-gas emissions by 15% by the same year, the Paris-based agency said in a…

Climate Risk a Major Challenge for Insurance Industry, Treasury Says

The agency said state regulators need to build on their so-far “limited” efforts at getting the industry to address climate change-related risks. The agency said state regulators need to build on their so-far “limited” efforts at getting the industry to address climate change-related risks. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

New Land Grab by Oil Giants Is Deep Underground

Companies are shelling out big dollars to get rights to subsurface holes where they hope to store carbon dioxide. Companies are shelling out big dollars to get rights to subsurface holes where they hope to store carbon dioxide. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their…

Cloud Seeding Makes Hot Comeback as a Solution to Drought

Demand has skyrocketed across the Western U.S. and Mexico to boost rain and snowfall. Demand has skyrocketed across the Western U.S. and Mexico to boost rain and snowfall. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not…

Home Insurers Curb New Policies in Risky Areas Nationally

The pullback goes beyond California and Florida as insurers face climate risks and inflation. The pullback goes beyond California and Florida as insurers face climate risks and inflation. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…