Climate Change News

Judge Rules Government, Not President, Can Be Sued Over Climate Change

A group of young Americans suing the federal government over lack of action to fight climate change can proceed with their lawsuit, but U.S. President Donald Trump cannot be named as a defendant, a federal judge ruled on Monday. The …

UK Insurers, Banks Need ‘Credible Plans’ for Climate Change Risks: Bank of England

Britain’s banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may need to hold more capital, the Bank of England said on Monday. “Financial risks from climate change will be minimized …

The IPCC Climate Change Report and Implications for Insurers

A report out earlier this week from the Intergovernmental Panel on Climate Change doesn’t say a whole lot about insurance, but the implications for the industry are hard to ignore. Chief among those implications is the possibility that society will …

American Economists’ Work on Climate Change, Benefits of Technology Earn Nobel Prize

Americans William Nordhaus and Paul Romer, pioneers in adapting the western economic growth model to focus on environmental issues and sharing the benefits of technology, won the 2018 Nobel Economics Prize on Monday. In a joint award that turned the …

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 …

Airport Operators Take Action Against Rising Seas, Powerful Storms as Climate Changes

Global airport operators, faced with rising sea levels and more powerful storms as the climate changes, are starting to invest in measures including higher runways, seawalls and better drainage systems to future-proof immovable assets. In early September, a seawall at …

Businesses Should Prepare for Consequences of Climate Change, Zurich Says

Businesses should prepare for the physical consequences of a warming planet, according to a new report out from Zurich Insurance Group. The report, “Managing the impacts of climate change: risk management responses,” was published at the start of Climate Week …

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 …

Major Oil and Gas Firms Pledge to Cut Greenhouse Gases to Fight Climate Change

A group of the world’s top oil and gas companies pledged on Monday to slash emissions of a potent greenhouse gas by a fifth by 2025 in an effort to battle climate change. The Oil and Gas Climate Initiative (OGCI), …

Campaign Calls on U.S. Insurers to Reject Fossil Fuels

A handful of consumer and climate groups are calling on the insurance industry to ditch fossil fuels as part of a new campaign called Insure Our Future. The entreaty came on the eve of this week’s Global Climate Action Summit, …