Climate Change News

Spate of Climate Change Reports Ahead of Global Summit

Ahead of December’s big and much-talked about United Nations Climate Change Conference, COP21 or CMP11, it seems there’s been an information ramp up of sorts. I’m not just talking about Pope Francis’ crusade to call attention to climate change – he most recently said …

Reinsurance Industry Faces an Uncertain Future as Time Moves on

It’s around two months until the annual Reinsurance Rendezvous in Monte Carlo, where the reinsurers, brokers, carriers, lawyers, accountants and cat modelers discuss the state of their industry. That industry, until recently a rock solid bastion of the “we do it …

Study: North Carolina’s Outer Banks Risk Losing $2B to Rising Seas

With scientists expecting the seas to rise about 3 feet over the next 100 to 150 years, a new study from the National Park Service says the two national seashores on North Carolina’s Outer Banks risk losing buildings and other …

U.S. Warns of Dire Consequences If No Global Action on Climate Change

Labor productivity would dwindle as workers wilt in the heat. Summers in Illinois would feel like a Louisiana swamp. Epic downpours and surging seas of the future would leave $5 trillion in losses. And worsening air quality would result in …

Public Comment Welcome as N.Y. Crafts Official Sea-Level Rise Projections

New York residents can sound off about the sea level. State environmental officials are holding four public meetings next week about projections of future sea levels. Rising sea levels have become a larger concern in New York City and Long …

Insurers Stepping Toward Greater Green Investment Footprint

This is the second of a two-part column on green bonds. The first installment focused on bond sales. Australian carrier QBE Insurance Group Ltd. has invested $190 million Australian Dollars ($148.42 million) in four green bonds in the last year-and-a-half, …

Shell: Insurers May Be Reluctant to Underwrite Carbon Capture Projects

Projects to capture carbon emissions from power plants and store them permanently underground face “large risk premiums” from insurers because the technology is so new, Royal Dutch Shell plc said. “Insurance will be able to address only part of the financial …

Montana Farmers Union Recognizes Effects of Climate Change

The Montana Farmers Union launched an initiative this month to educate its 11,000 members about the effects of global warming in Montana, where early signs may be decreasing snowpack and resilient weeds and pests. The union’s move is the first …

G-7 Pushes for Zero Greenhouse Gas Emissions by End of This Century

Some of the world’s richest nations threw their weight behind a plan to stamp out fossil-fuel emissions by the end of the century in an unprecedented show of unity on climate change. The Group of Seven is pushing to “decarbonize,” …

Investors Must Factor Climate Change in Their Portfolio Risk: Mercer Study

Most investors need to make a significant behavioral shift and start factoring climate change into their portfolio risk management, a study on its impact on financial market returns found. Government officials are meeting in Germany this month to work on …