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

Featured Stories

  • Allstate Q2 Net Income Jumps 56% on Underwriting
  • Everest to Sell Mexico Insurance Operations to Fairfax
  • 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.

Chipwich Maker Withdraws Lawsuit Against Insurance Agency
NYC Mayor Mamdani’s Rent Freeze Heaps Pressure on a Teetering CMBS Deal
Florida’s Edison Files for 9.8% Average Residential Rate Drop
A Chinese Spyware Tool Operates in 13 Countries, Cybersecurity Firm Says

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
US FDA Moves to Increase Oversight of Food Additives
Hand using smartphone with Social media concept.Appeal Court: Social Media Companies Must Face Thousands of Addiction Lawsuits
Appeals Court Says Lobstermen’s Defamation Suit Raises First Amendment Questions
Lawsuit Not Allowed for Heat-Stricken Worker Despite Previous Death, NC Court Says
More News Features

Read This Next

  • Global Temperature Set to Surpass 1.5C Threshold in Hottest Year on Record
  • Report: Claims Severity Reaches All-Time High, Frequency Declines
  • Great American Escapes Coverage for Grocery's Opioid Litigation Settlement
  • AI-Native Network American Growth Insurance Makes Heller-Kowitz its First Buy
  • Brown & Brown Estimates Cost of Howden-Driven Talent War Could Hit $60M in 2026

Insurance Jobs

  • Workers Compensation Claims Adjuster - Hybrid - Orlando, FL
  • P&C Licensed Insurance Agent - Remote
  • Senior Sales Agents - Fort Lauderdale, FL
  • Senior Commercial Auto Transportation Insurance Underwriter / Program Manager - Encino, CA
  • Bodily Injury Adjuster – Represented Third Party Casualty (East Coast) – Remote - Remote, IL
MyNewMarkets
  • Intersecting Risks and the Future of Construction Insurance
  • Evolving Risk Landscape for Nonprofits Reinforces Need for More Than Insurance Partner
  • Umbrella Traps: Errors That Create Trouble in the Layers
  • Is It Covered? The Danger of Relying on the Insurance of Others
  • The Church Insurance Exodus: Why Agents Who Lean In Now Will Own This Niche
Claims Journal
  • Can Reinsurers Maintain Underwriting Discipline or Will 'Irrational' Competition Return?
  • Gallagher Bassett Promotes Jain to Executive Vice President and New Role
  • Trump Wins Permission to Revise BBC Suit to Remove Brand Damage
  • Taylor Farms Recalls Salsa, Guacamole on Salmonella Outbreak, Intensifying Food-Safety Fears
  • Appeals Court Allows Thousands of Social Media Suits Over User Addiction Claims to Proceed
Academy of Insurance education
  • August 13th Certificates of Insurance; We Need More!
  • August 20th Women In Insurance. The Challenges and Rewards.
  • September 3rd Weird Personal Lines Exposures
  • September 10th AI Transforms Agency Marketing: Why You Are Doing it Wrong.

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