Skip to content
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
Insurance Journal - Property Casualty Industry News

Featured Stories

  • Trade and War Worries Haunt Davos: WEF Survey
  • Railroads, Regulators Thwart Safety Fixes
  • Articles
  • Jobs
  • Markets

Current Magazine

current magazine
  • Read Online
  • Subscribe
  • Login
  • Front Page
    • National
    • International
    • Most Popular
    • Magazine
    • Forums
    • Blogs
    • Videos/Podcasts
    • Newsletters
  • News
    • Most Popular
    • National
    • International
    • East
    • Midwest
    • South Central
    • Southeast
    • West
  • Magazines
  • Research
  • Directories
  • Jobs
  • Features
    • Events
    • Forums
    • Market Directories
    • Quotes
    • Polls
    • Rankings & Awards
    • Insurance Giving Back
  • Subscribe

Global Temperature Set to Surpass 1.5C Threshold in Hottest Year on Record

By Olivia Rudgard | December 9, 2024
Email This Subscribe to Newsletter
  • Article
  • 2 Comments

This year is “effectively certain” to be the warmest on record with temperatures climbing above a closely watched threshold for the first time.

The average global temperature reached 1.62C above pre-industrial levels in November, according to the EU-funded Copernicus Climate Change Service, surpassing the symbolic 1.5C level, a threshold that’s become significant because of its inclusion in the Paris Agreement. Last month was the second-hottest November on record, behind the same period last year, according to the group.

The findings add urgency to calls to reduce carbon emissions. While the 1.5C target is based on longer periods than one year, recent trends are making it appear increasingly out of reach.

“We can now confirm with virtual certainty that 2024 will be the warmest year on record and the first calendar year above 1.5C,” Samantha Burgess, deputy director of the Copernicus Climate Change Service, said in a statement. “This does not mean that the Paris Agreement has been breached, but it does mean ambitious climate action is more urgent than ever.”

Current pledges and policies are insufficient to limit warming to 1.5 or even 2C above the pre-industrial average, according to the UN. Current commitments put the world on course for temperatures of 2.6 to 2.8C and even these are not being met, it said in a report published shortly before the COP29 climate conference last month. A political backlash against climate policy, particularly in Europe and the US, is also increasing uncertainty that targets can be met.

Of the past 17 months, 16 have been more than 1.5C hotter than the pre-industrial average, according to the Copernicus Climate Change Service report. The data, which has been published ahead of the end of the year, will be followed by official full-year data in January.

Photograph: A pedestrian carries a newly purchased electric fan in the Attaba district of Cairo, Egypt in June 2024. Photo credit: Islam Safwat/Bloomberg

Related:

  • Insured Losses From Natural Disasters Top US$100B for 5th Consecutive Year: Swiss Re
  • EU Seeks to Streamline ESG Regulations Amid Growing Backlash
Copyright 2026 Bloomberg.

Topics Trends

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

Consumer Acceptance of Telematics Widens, Says Survey
Wildfires, Storms Fuel 2025 Insured Losses of $108 Billion: Munich Re Report
Nearly Half of 100 Largest P/C Insurers Destroy Value: ACORD
Georgia Republicans Move to Scrap State Income Tax by 2032 Despite Concerns

Written By Olivia Rudgard

More From Author

Interested in Trends?

Get automatic alerts for this topic.

Email This Subscribe to Newsletter
  • Categories: International & Reinsurance NewsTopics: Climate Change, environmental social and governance (ESG) criteria, EU climate change, EU ESG rules, EU's Copernicus Climate Change Service, global warming, greenhouse gas emissions, net zero emissions, Paris agreement, Research and Trends
  • Have a hot lead? Email us at newsdesk@insurancejournal.com

Latest Comments

  • December 11, 2024 at 10:25 am
    Joe says:
    More man-made global warming BS. The climate changes that is a fact, but we are not having as much of an effect on it as claimed by those that want authoritarian control over... read more
  • December 10, 2024 at 4:52 pm
    SacFlood says:
    This will lead to stronger storms and hurricanes. Parametric Insurance is a promising, new, possible solution to these types of risks, as well as to catastrophic wildfire ris... read more

Add a CommentSee All Comments (2)Add a Comment Cancel reply

Your email address will not be published. Required fields are marked *

*

*

More News
Allstate-LogoAllstate Can Proceed with Recovery in Texas RICO Case: Fifth Circuit
Trump Officials Vow to Keep All US Coal Plants Running
merger and acquisition business concept, join company on puzzle pieces, 3d renderingDealmakers See More Retail Mergers, IPOs After Tariffs Sidelined M&A Last Year
Texas Proposes 13,000% Fee Hike on Hemp THC Shops
More News Features

Read This Next

  • Global Temperature Set to Surpass 1.5C Threshold in Hottest Year on Record
  • Virginia High Court Rules Wage Theft Law Does Not Cover Commissions
  • Florida Lawmakers Ready for Another Shot at Litigation Funding Limits
  • 10 Highest Class-Action Settlements in 2025 Eclipsed $70B Total: Duane Morris
  • Severity Was Up, But Will Falling Claims Volume Impact the Profession?

Insurance Jobs

  • Underwriting Manager - Philadelphia, PA
  • Property Adjuster – Field Estimating – Suffolk County, New York - New York, NY
  • Property Adjuster – Field Estimating – Northern Virginia/Alexandria, VA - Virginia, VA
  • Risk Control Consultant, Boiler and Machinery - South Portland, ME
  • Sr. Sales Executive, Select (Blue Bell/Philadelphia territory) - Blue Bell, PA
MyNewMarkets
  • Adjusters Launch 'CarFax for Insurance Claims' to Vet Carriers' Damage Estimates
  • Every Superman Has His Kryptonite: How to Protect Key Executives with Specialized Coverage
  • Emerging Risks to Watch: Space Weather, Quantum Sensors, and Digital Addiction
  • Driving Passion, Protecting Value - What Every Agent Should Know About Collector Vehicle Insurance
  • Top Business Risks
Claims Journal
  • US Says Canada Will Regret Decision to Allow Chinese EVs into Their Market
  • Thumbs Down on SELF DRIVE Act as Written, Says Industry Trades
  • Tesla Gets 5-Week Extension in US Probe of Full Self-Driving Traffic Violations
  • Publishers Seek to Join Lawsuit Against Google Over AI Training
  • A Lean Lens on Legal Bill Review: Keeping the Insured at The Center
Academy of Insurance education
  • January 15 Space Needs Spring Cleaning: The Growing Problem of Satellite Pollution
  • January 29 Period of Restoration: One Concept You Need to Get Right
  • February 5 Ethics Frontier: Navigating AI and Claims in the Age of Complexity
  • February 12 Who's Driving This? Where Are We Going with Autonomous Vehicles?

Insurance News

  • News by Region
  • News by Topic
  • Yesterday

Site Search

Features

  • Insurance Markets Directory
  • Forums
  • A.M. Best Company Ratings
  • Industry Events
  • Agencies For Sale
  • Newswire
  • Insurance Jobs
  • Rankings & Awards

Connect with us

  • Email Newsletters
  • Magazine Subscriptions
  • For Your Website
  • RSS Feeds
  • Twitter
  • Facebook
  • LinkedIn
  • Do Not Sell My Info

Insurance Journal

  • Submit News
  • Advertise
  • Subscribe
  • Reprints
  • Link to Us
  • Contact Us

Wells Media Group Network

  • Insurance Journal
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
© 2026 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map