Climate Control News

Congressional Action Plan on Climate Change Applauded by Zurich, IBHS

A Congressional action plan for a clean energy economy is garnering a bit of praise from a few important names in the insurance industry. The House of Representatives in 2019 established the House Select Committee on the Climate Crisis to …

Sustainable Recovery Plan Pitching Pandemic as Opportunity to Grow Greener

Economic growth can be boosted, jobs can be saved or even created and greenhouse gas emissions can be cut if we take advantage of the worldwide changes that have occurred as we hunkered down in response to the COVID-19 pandemic. …

Report Calls for Regulators to Tackle ‘Systemic Risk’ from Climate Change

Climate change is a systemic risk with wide-ranging potential physical impacts, according to a new report that also serves as a call-to-action for U.S financial regulators to do more to deal with a changing climate. An eventual transition to a …

Report: Financial Community Sees Climate Risk as Improperly Priced

Climate risk is widely seen in the financial community as being improperly priced. A recent survey with an emphasis on the financial sector shows the overwhelming majority of respondents think that climate risk has only been either partially priced or …

Billions Will Experience ‘Sahara’ Like Heat in Next 50 Years, Report States

Roughly a third of the global population could experience an average annual temperature of 84.2 degrees Fahrenheit (29C) in the next 50 years, with temperatures currently found in small part of the planet, mostly concentrated in the Sahara. That’s the …

Rising Sea Levels Could Double Extreme Flooding Events on Coastline, Report States

“Sea-level rise will radically redefine the coastline of the 21st century.” That’s from a new study that shows rising sea levels could lead to extreme flooding events in some U.S. coastal areas doubling every five years. The study published on …

Report: Climate Change Requires a ‘Rethink’ of How Catastrophic Events are Funded

Severe weather events and demographic challenges will continue to strain government finances, a trend that will require “a rethink of how catastrophic events are funded” and push the need for greater use of public-private partnerships to manage risk, a new …

One U.S. State May Look at Insurers’ Fossil Fuel Investments and Underwriting to Combat Climate Change

A Connecticut lawmaker has plans for a bill that not only calls for the state to look at which insurers have fossil fuel investments – a growing trend among government entities as of late – but also which ones are …

How One County Plans to Vet Insurers for Fossil Fuel Investments

“We have front row seats,” said Elise Jones, a Boulder County commissioner. Jones along with two other commissioners oversees government affairs in the Colorado county of 330,000 or so at the base of the foothills of the Rocky Mountains. Her …

Report: Florida Will See Noticeable Climate Change Impacts in 20 Years

When scientists talk about climate change effects like sea level rise and extreme temperatures, they’re typically referring to things predicted to start noticeably occurring as soon as, say 2050, or into the next century. But the impacts of climate change …