Nations Strike Deal at COP28 to Transition Away From Fossil Fuels December 13, 2023 By Valerie Volcovici, Gloria Dickie and William James Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil...
Infrastructure Faces $600B Hit in Worst-Case Climate Shift: Study December 13, 2023 By Katy Daigle and Simon Jessop Infrastructure investors face losing nearly a third of their money, or around $600 billion, if countries do not plan for...
Humanity on Verge of 5 Climate Tipping Points, Report Warns December 6, 2023 By Olivia Rudgard Five major global “tipping points” are in danger of being crossed at current levels of warming, a new study warns,...
Global Carbon Emissions From Fossil Fuels to Hit Record Peak in 2023: Report December 5, 2023 By Eric Roston The Global Carbon Project, an international collaboration of scientists, estimates that worldwide carbon dioxide emissions from burning fossil fuels will...
Hillary Clinton Calls for Reform of Insurance Sector at COP28 Climate Talks December 4, 2023 By Elizabeth Piper and Valerie Volcovici Former U.S. Secretary of State Hillary Clinton called on Sunday for reform of the insurance sector, where companies are increasingly...
Climate Finance Takes Center Stage at COP28 Climate Talks December 4, 2023 By Simon Jessop, Maha El Dahan and Hadeel Al Sayegh Money pledges grabbed the spotlight again at COP28 in Dubai on Monday as delegates turned their focus to the yawning...
Insurance, Cat Bonds Can Help Boost Poorer Countries’ Resilience to Climate Risks December 1, 2023 By Alessandro Parodi, Simon Jessop and Libby George Low-income countries are struggling to access insurance, catastrophe bonds and other hedging mechanisms that could help protect them from the...
UN Report Warns of ‘Silent’ Threat of Drought as Planet Warms December 1, 2023 By Sana Pashankar While wildfires, severe storms and floods cause short-term impacts that often grab the world’s attention, a drought that stretches over...
World to Hit 2.5F of Warming During 2023 as Hottest Year on Record November 30, 2023 By Gloria Dickie With a month to run, 2023 will reach global warming of about 1.4 degrees Celsius (2.5 Fahrenheit) above preindustrial levels,...
Allianz and Dutch Development Bank Back $1.1 Billion Sustainable Loans Fund November 28, 2023 By Tommy Wilkes and Simon Jessop Allianz Global Investors and Dutch development bank FMO have agreed one of the largest “blended finance” funds on record, raising...