global warming News

UK’s Aviva to Target $3.9B in Renewable Energy Investments

Aviva plc will target 2.5 billion pounds ($3.9 billion) of investments in renewables and energy efficiency over five years to cut exposure to climate risks. The company, which manages about 250 billion pounds of assets, will embed carbon risk into its …

London Imports Climate-Related Risks Through Insurers, Supply Chains

London is importing climate-related risks through investments, insurers and supply chains, according to a new report that details dangers posed to the UK capital by global warming beyond the physical effects. More than half of FTSE 100 companies and 60 …

Insure Against Risk of Climate Catastrophe: Peter Orszag in Bloomberg View

“Go Set a Watchman” isn’t the only book this year that brings new perspective to an old story line. “Climate Shock: The Economic Consequences of a Hotter Planet” should shift our narrative on climate change. The old story line: People …

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 …

NOAA Research Warns Global Warming Continues Unabated

The pace of global warming hasn’t slowed since 1998, a finding that contradicts a major United Nations study and challenges a key argument of skeptics of manmade climate change. Temperatures since 2000 have risen at a pace that is “virtually indistinguishable” …

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 …