Articles by Nina Chestney

Average World Temperatures to Far Exceed Paris Climate Agreement Goals: Report

Average world temperatures are on course to far exceed the main goal set in the 2015 Paris Agreement on limiting global warming, a study showed on Tuesday [Nov. 11]. But the overshoot by the end of this century could be …

Urgent Action Needed to Avoid ‘Unthinkable’ Damage from Climate Change: UN

Society would have to enact “unprecedented” changes to how it consumes energy, travels and builds to meet a lower global warming target or it risks increases in heat waves, flood-causing storms and the chances of drought in some regions as …

More Firms Report Climate-Related Risks, but Few Disclose Financial Impact: G20 Report

Climate-related disclosure is becoming mainstream as more firms support and align their financial reporting to recommendations by a global task force though few disclose the financial impact on the company, a survey shows. The Task Force on Climate-Related Financial Disclosures …

G20 Task Force Develops Climate-Related Financial Disclosure Framework Supported by Insurers

A global task force set up by the G20 has developed a voluntary framework for companies to disclose the financial impact of climate-related risks and opportunities, drawing support from more than 100 companies with $11 trillion of assets. There are …

World’s Renewable Energy Projects Fall Short of Paris Climate Goals: IEA

Barely one tenth of renewable energy technology is ready to meet long-term climate change targets as governments have failed to adequately support large-scale deployment, a report by the International Energy Agency showed on Tuesday. Under a global climate pact, called …

Companies May Soon Be Required to Disclose Financial Impact of Climate Risk

Companies’ disclosure of risks to their business from climate change could become mandatory in a few years as investor pressure gathers pace, climate finance experts said on Tuesday. Investors have urged companies, particularly those operating in the oil, gas and …

Trump Advisor Says U.S. Will Change Climate Policy, Pull Out of Paris Agreement

The United States will switch course on climate change and pull out of a global pact to cut emissions, said Myron Ebell, who headed U.S. President Donald Trump’s Environmental Protection Agency (EPA) transition team until his inauguration. Ebell is the …

G20 Task Force to Ask Firms to Disclose How They Manage Climate Risks

A global task force set up to try to prevent market shocks from the warming of the planet will ask companies to disclose how they manage risks to their business from climate change and greenhouse gas emission cuts. Although the …

Thawing Arctic Ice Creates New Environmental Risks as Shipping Routes Open

The Arctic is thawing even faster than lawmakers can formulate new rules to prevent the environmental threat of heavy fuel oil pollution from ships plying an increasingly popular trade route. Average Arctic temperatures are rising twice as fast as elsewhere …

PwC: Climate Change Is Risk and Business Opportunity

Competition and regulation push companies to take action to protect themselves from the effects of climate change, not climate science, Jon Williams, partner at global consultancy firm PwC told the Reuters Global Climate Change Summit. Williams, who leads the finance …