Climate Change News

Climate Change and the ‘Fire Insurance Predicament’

A Washington-based conservative group is suing for information on the U.S. government’s “backstage work” on the Paris agreement it says will help pave the way for President Trump’s withdrawal from the agreement. The Competitive Enterprise Institute recently filed a lawsuit …

Group Urges SEC Probe of California, Cites Climate Hypocrisy

California officials are downplaying the risks of climate change to bond investors while citing those same risks as the basis for a lawsuit against oil companies, according to a conservative think tank that has asked securities regulators to investigate. The …

AXA Insurance Chief Warns of ‘Uninsurable Basements’ from New York to Mumbai

Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe’s largest insurers said. “If you go much further to 2020, 2030, we can …

Insurance Industry Making ‘Significant Contributions’ in Climate Change Battle, Report Shows

The insurance industry is making significant contributions to building socio-economic resilience to climate change and supporting the transition to a low-carbon economy in their role as risk management experts and investors, according to a new research report The report out …

Global Companies Find Economic Opportunities in UN Sustainable Development Goals

Many companies are looking past quarterly results to discover long-term economic opportunities in U.N. goals to end poverty and protect the planet, the head of an international business commission has said. Mark Malloch-Brown’s Business and Sustainable Development Commission has contacted …

Aon Benfield’s Christian Named Chair of ClimateWise, Raising Climate Risk Resilience

Dominic Christian, executive chairman of Aon Benfield International, has been appointed chair of ClimateWise, an organization that aims to help the insurance industry respond to the risks and opportunities of the climate-risk protection gap – the growing divide between total …

Green Bonds Booming Despite Washington’s Animus, Report Shows

In spite of the U.S. withdrawal from the global climate change accord hammered out in Paris a year earlier, green bond issuance around the world reached $155.5 billion in 2017, a new report shows. That figure surpassed the initial, and …

New York Sues Fossil Fuel Majors, Plans Divestment from Pension Funds

New York City announced on Wednesday that it filed a multibillion dollar lawsuit against five top oil companies, citing their “contributions to global warming,” as it said it would divest fossil fuel investments from its $189 billion public pension funds …

Damage to Coral Reefs Accelerating on Rising Sea Temperatures: Report

The risks to coral reefs are accelerating largely due to human activity, with rising water temperatures meaning they now have about 80 percent less recovery time between bleaching episodes than just three decades ago, according to a report in the …

Cities Signing Chicago’s Pact to Tackle Climate Change

Mayor Rahm Emanuel says 10 more cities have joined Chicago’s effort to address climate change after President Donald Trump said the U.S. will pull out of the Paris climate accord. Emanuel said Tuesday that a total of 67 cities worldwide …