Popular Articles

Bank of Maharashtra net up 23% y-o-y
Public sector lender Bank of Maharashtra"s net profit for the July-September quarter stood at Rs 86.68 crore, up 22.86 per cent against Rs 70.55 crore reported over the same period a year back. http://smallpersonalloans.org.uk

Aviva Life launches 9 ULIPs
Complying with the recent changes in the overall charges of unit-linked insurance plans Aviva Life Insurance today launched nine new unit-linked plans. The new range of products includes child, pension and savings products with14 new fund options covering savings, retirement, protection and investment needs of all customers.

News of the day

Re-engaging with the world
Sunil Jain / New Delhi January 01, 2010, 0:35 IST
Management

UN climate panel to review claim on natural disasters: report

Controversy-ridden UN climate panel has said it is reassessing another of its claim for linking global warming to an increase in the number and severity of natural disasters, bringing fresh embarrassment to it. The latest criticism of the Intergovernmental Panel for Climate Change (IPCC) comes after the panel admitted its mistake in asserting that Himalayan glaciers could disappear by 2035. Two scientific who checked drafts of the report had urged greater caution in proposing a link between climate change and Disaster impacts, but were ignored. - "It"s a mistake, but glacier melting is real" - Pachauri admits mistake in IPCC report; Rules out resignation - Funds for climate change missions in Union Budget: Saran - Upsurge in action needed for environment: Pachauri - IPCC admits "Himalayan" blunder - Shipping ministry to double cost estimates of Sethusamudram project Sensex ends up 35pts Cox & Kings Q3 net jumps 88% to Rs 19 cr UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The new controversy also goes back to the IPCC"s 2007 report in which a separate section warned that the world had "suffered rapidly rising costs due to extreme weather-related events since the 1970s". It said a part of this increase was due to global warming. The academic paper at the centre of the latest questions was written in 2006 by Robert Muir-Wood, head of research at Risk Management Solutions, a London consultancy, who later became a contributing author to the section of the IPCC"s 2007 report dealing with climate change impacts. Muir-Wood wanted to find out if the 8 per cent year-on-year increase in global losses caused by weather-related disasters. He found from 1950 to 2005 there was no increase in the impact of disasters once growth was accounted for. For 1970-2005, however, he found a 2 per cent annual increase which "corresponded with a period of rising global temperatures." Muir-Wood was careful to point out that almost all this increase could be accounted for by the exceptionally strong hurricane seasons in 2004 and 2005. Despite such caveats, the IPCC report used the study in its section on disasters and hazards, but cited only the 1970-2005 results. Meanwhile, IPCC Chairman Rajendra Pachauri yesterday said the UN body will use more rigorous research systems in the future.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):