France to Require Insurers, Banks to Run Climate Change Stress Tests in 2020 December 2, 2019 France’s financial regulator will subject banks and insurers to climate change stress tests next year, central bank governor Francois Villeroy...
Coastal Damages from Climate Change Could Cost U.K. Economy Billions by 2050: WWF November 27, 2019 By Jill Ward The U.K. economy could face hits of more than 12 billion pounds ($15.4 billion) a year by 2050 from coastal...
EU Weighs Stress Tests to Improve Financial Firms’ Buffers Against Climate Risks November 7, 2019 The European Commission is considering stress tests and measures to force financial firms to raise their buffers against climate-change risks,...
Companies in Polluting Industries Slow to Disclose Climate Change Risks: Moody’s October 22, 2019 By Nichola Groom U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though...
AXIS Capital Sets Clean Energy Policy Designed to Reduce Climate Risks October 17, 2019 AXIS Capital Holdings Ltd. won’t insure, invest in or provide insurance or reinsurance for new coal plants or oil pipelines...
Many Major Central Banks, Minus U.S. Fed, Taking Action on Climate Change Risks September 24, 2019 By Jill Ward Bank of England Governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the...
Zurich Commits to UN Climate Change Targets, to Using only Renewable Energy by 2022 July 1, 2019 Zurich Insurance Group announced it is accelerating actions to progress towards a low-carbon economy “amid an increasing climate crisis.” Its...
UK’s Legal & General Is Divesting Exxon Shares Over Climate Change June 24, 2019 By Kelly Gilblom and William Mathis One of Britain’s biggest fund managers started selling shares in Exxon Mobil Corp., saying America’s largest oil company isn’t doing...
Dutch Insurer Weighs Cutting Cover for Gambling, Arms, Nuclear Power June 24, 2019 By Ruben Munsterman and Will Hadfield Europe’s biggest insurers refuse to sell policies to coal miners and arms producers. A Dutch firm may go further by...
Greenhouse Gas Emissions Must Be Halved by 2030 to Avoid 3C Warming: Scientists June 19, 2019 By Nina Chestney Emissions need to be halved by 2030 to limit warming to 1.5 degrees Celsius but temperatures are on track to...