Climate Change News

S&P Green Lighting Climate Risk Mitigation

The scope of how a company manages its risk in the face of a changing global climate will become an ever-greater factor in the company’s worth. Whether or not they believe in climate change, business leaders face having to take …

Climate-Driven Firefighting in West Takes Cash From Prevention Budgets

Wildfires blamed in part on climate change are consuming timber in the U.S. West at such a furious pace that half the Forest Service’s budget is now spent fighting them — up from 21 percent in 2000. Add in the …

Overselling the Costs, Benefits of Greenhouse Gas Regulations

The Environmental Protection Agency calls its carbon rules an economic winner that will deliver more than $10 in benefits for each dollar spent on compliance. The U.S. Chamber of Commerce says the economic costs of implementing the greenhouse-gas controls will …

Prince Charles Calls for Action on Climate Change at IIS Conference

HRH Charles, the Prince of Wales, addressed the International Insurance Society on Wednesday June 25th. Speaking to a full house, the heir to the British throne called the gathering “a vitally important meeting on climate change, disaster risk reduction, resilience …

Another Climate Report Outlines Business Risks, Insurance Pitfalls

“Risky Business: The Economic Risks of Climate Change to the United States,” a report on climate change and how it will affect businesses, offers a variety of information on how a changing world will impact businesses and gross domestic product. …

Climate Change Bottom-Line Talk Grows, S&P Director Says

Companies and governments worldwide are changing their behaviors and examining their risks in the face of climate change, a managing director for Standard & Poor’s said as he held up the insurance industry as a good example of how to …

Climate Change Threatens Tourism as Ski Slopes Thaw, Seas Rise

Climate change is a growing threat to tourism, from thawing ski resorts to coral reefs hit by warmer seas, and the industry itself should do more to curb its soaring greenhouse gas emissions, a study showed on Tuesday. Tourism’s greenhouse …

U.N. Climate Talks Fracture over Future of Carbon Markets

The use of carbon markets to curb rising greenhouse gas emissions was dealt a blow on Sunday after two weeks of United Nations talks on designing and reforming the mechanisms ended in deadlock. The negotiations, held as part of U.N. …

Swiss Re Affirms Priority of Risk Management; Updates Procedures

Swiss Re has published a report on the updates it has made in its Corporate Responsibility and Risk Framework applications. “Risk management is at the core what Swiss Re does and as a result, the company updated one of the …

Farmers Withdraws Climate Change Suit Against Municipalities

Farmers Insurance Group, which filed nine class actions in May against nearly 200 communities in the Chicago area, is withdrawing its lawsuit. The suit accused the Illinois municipalities of failing to prepare for severe rains and flooding. It argued that …