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

Featured Stories

  • Environmental Brokers Busy After Chemical Plant Blast
  • AIG’s Turnaround Sets Stage for New Leadership
  • 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.

Florida Supreme Court Posts New Rule on AI Hallucinations in Court Filings
Roof Costs Soar Even as Claims Decline: Verisk
Trump Scraps Ocean Sensors Providing Crucial Data on Climate, Flooding
Entrepreneur’s Suit Says My Safe Florida Home Hurricane Shutters Are Fire Hazards

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
Tech Update: WTW Launches Transformation Solution to Focus AI Implementation
People Moves: Aon Promotes Navas as Chief Claims Officer for EMEA; Canopius Taps Hiscox’s Parry as Group Chief Claims Officer
Artist Suing FIFA Over Destruction of Dallas Whale Mural
Markets/Coverages: Fidelis Forms PVT Consortium for Rising Global Capacity Demand
More News Features

Read This Next

  • Global Temperature Set to Surpass 1.5C Threshold in Hottest Year on Record
  • After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI
  • Progressive Is Biggest Auto Insurer, Surpassing State Farm, Says S&P GMI
  • 'Decisive Sign of a Softened Market': Premiums Decrease Across All Accounts
  • New Hampshire Sends Message to Drivers Using Hand-Held Electronic Devices

Insurance Jobs

  • Excess & Surplus Lines Underwriter – REMOTE - Remote
  • Commercial Lines Underwriter – REMOTE - Remote
  • Represented Bodily Injury Adjuster – PST/MST/CST - Arizona, AZ
  • Sr. Director, Actuarial Reserving – Bond & Specialty Insurance - Hartford, CT
  • Business Analyst – Insurance – REMOTE - Remote
MyNewMarkets
  • Emerging Risks to Watch: AI, Data Centers, and Autonomous Vehicles
  • AI Disintermediation
  • If an Endorsement Is Missing from a Policy's Schedule of Forms, Is It Enforceable?
  • Stressing Out Over the Right Risks
  • How Parametric Products Can Help Business Resilience Amid Climate Uncertainty
Claims Journal
  • JP Morgan Upgrades Tesla to 'Neutral', Sees Robotics Driving Long-Term Growth
  • US, Mexico, Canada to Miss July USMCA Date, Ramping Up Trade Tension
  • Merck to Settle Bulk of Gardasil Suits for About $50 Million
  • IBM, AT&T Accused by Whistleblower of Covering Up Foreign Hacks
  • Report Explores Forces Driving Claim Complexity
Academy of Insurance education
  • June 11th Emerging E&O Risks for 2026
  • June 18th Agency Best Practices Revisited: Why The Order Taker Standard Does NOT Work to Your Detriment
  • July 9th Business Auto Pollution Myths
  • July 16th Your Supply Chain. The Cybercriminal's Playground

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