A new report by GCube Insurance calls for action from insurers,...
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Climate, Environment, Renewable Energy
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US Treasury’s Bessent urges IMF, World Bank to refocus on core missions
"The IMF was once unwavering in its mission of promoting global...
World’s biggest companies cause $28 trillion in climate damage: Study
Everybody's asking the same question: What can we actually claim...
1.5C for the planet, 1C for people: Scientists issue new climate warning
The warning - issued this week in research published in the journal Nature - comes late, given that the Earth has already heated up by about 1.2C since preindustrial times. The World Meteorological Organization has said global average temperatures are more likely than...
New Zealand offers to buy out owners of homes damaged by Cyclone
Together with local councils, the government will offer to buy as many as 700 residential properties across the North Island that were damaged by Cyclone Gabrielle and heavy flooding earlier this year, Finance Minister Grant Robertson said Thursday in Wellington. It...
Report identifies leaders, laggards in e-vehicle transition
ICCT modeling indicates that nearly 100 per cent of new light-duty vehicles sold in leading markets in 2035 must have zero tailpipe emissions to put the transportation sector on a trajectory aligned with the goal of limiting global warming to below 2 degrees Celsius,...
Delta Air Lines faces proposed U.S. class action over carbon neutral claims
The complaint alleges that Delta is not living up to advertising that presents the Atlanta-based carrier as “the world’s first carbon-neutral airline,” saying it leads consumers to believe Delta hasn’t been responsible for releasing additional carbon into the...
Combined impact of climate change, population growth poses serious threat to India’s water security: Experts
''Rising temperatures accelerate evaporation rates, depleting surface water and groundwater reserves. Altered precipitation patterns lead to unpredictable monsoons, causing floods in some areas and droughts in others. These extreme events reduce water availability,...
Japan’s largest insurer Tokio Marine joins defectors from Gfanz climate group
A spokesperson said Tokio Marine will continue to consider measures to realize a decarbonized society such as the use of renewable energy and emphasized it will keep a close eye on social and environmental causes Tokio Marine Holdings Inc., Japan’s largest insurer by...
India to push back against ‘agenda-driven’ global ranking firms – Modi advisor
Sanjeev Sanyal, a member of Modi's Economic Advisory Council Sanjeev Sanyal,member of PM's Economic Advisory Council, said the ratings also get hard-wired into decision-making through environmental, social and governance (ESG) norms and sovereign ratings. Multilateral...
Climate change will speed up inflation in next decade, says ECB
Climate change poses risks to price stability by having an upward impact on inflation,” said the researchers Maximilian Kotz, Friderike Kuik, Eliza Lis and Christiane Nickel. That would “place global incomes under pressure from rising prices and could impact inflation...
More trees, taller buildings next to thin streets could reduce “urban heat island” effect
The researchers said that heat island hotspots and mortality rates tended to be greater in urban blocks with a socially disadvantaged population owing to a combination of physical factors, such as impervious surfaces and lack of vegetation, and social factors, such as...
Carney’s climate alliance sounds alarm on “political attacks” on insurers
"These political attacks are now interfering with insurers’ independent efforts to price climate risk, which will harm policyholders, main street investors and local economies," a spokesperson for GFANZ, a United Nations-backed coalition of financial institutions...