Climate Change News

AXA Plans to Sell Coal Assets, Citing Concerns About Climate Change

France’s largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor. AXA SA Chief Executive Officer Henri de Castries said he’s working to sell …

Insurance Pros: What Are Your Thoughts on Climate Change?

President Barack Obama and potential presidential candidate Jeb Bush declared a war of words within the war on climate change this week. The two diametrically opposed politicians’ verbal clash in the media may be a portentous glimpse at one of …

Weather Derivatives Backed By Climate Change Clamor

According to William W. Windle, managing director of Munich Re Trading LLC, business has been brisk lately in the weather derivatives market. There are many reasons for this, and while Windle may wince at any suggestion that the current weather …

Europe Calls for Tougher Limits on Super Greenhouse Gases (HFCs)

The European Commission on Thursday called for a tougher U.N. Montreal Protocol to protect the ozone layer by curbing super greenhouse gases known as HFCs, that have a global warming potential thousands of times greater than carbon dioxide. The European …

California Governor’s Aggressive Plan to Reduce Greenhouse Gases

California would aggressively reduce greenhouse gas emissions by 2030 under an ambitious plan announced by Gov. Jerry Brown. The governor’s executive order goes further than a federal proposal also aiming to curb global warming but lacks specifics on how to …

Connecticut Governor Creates Climate Change Panel

Connecticut Gov. Dannel P. Malloy is creating a new council to make sure the state of Connecticut meets its goals to reduce greenhouse gas emissions by 2050. Marking Earth Day on April 22, Malloy said Connecticut has already reduced emissions …

Earth Day, Climate Change and Drought

As much of the U.S. and the rest of the planet celebrated Earth Day, California politicos and leaders squabbled over how best to deal with the ongoing drought – which may or may not be caused by climate change, depending …

CEOs of 43 Companies, Including Allianz, Call for Action on Climate Change

The bosses of 43 companies including Ikea, Dow Chemical Co. and HSBC Holdings plc called for swift action on climate change, a sign businesses are prepared for a United Nations deal this year on limiting fossil fuel emissions. The chief …

Floods & Drought Amid Climate Change Cost Global Economy Billions: Oxford

A new report on water insecurity says floods and drought amid climate change and a lack of investment in reliable water supplies is weighing on the global economy by tens of billions of dollars a year. “Water is productive and …

How Another Country’s Insurance Industry Is Facing Climate Change

Tim Grafton, chief executive of the Insurance Council of New Zealand, lives in a country surrounded by risk on all sides, and he’s unabashed in his efforts to use flooding events, frequent storms or other out-of-the-usual weather phenomenon as opportunities to …