Nigeria’s Worst Flood in Decade Caused Billions in Economic Damage December 1, 2023 By Ruth Olurounbi Nigerian floods last year that claimed hundreds of lives also caused up to $9 billion in damage, according to a...
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...
Study: Federal Payouts Bolstered Flood Policy Uptake, Insured Value December 1, 2023 By Don Jergler The availability of a federal flood payout in a county in a given year increased the number of flood insurance...
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...
Biden’s Clean Energy Agenda Faces Mounting Headwinds November 27, 2023 By Nichola Groom and Jarrett Renshaw Canceled offshore wind projects, imperiled solar factories, fading demand for electric vehicles. A year after passage of the largest climate...
Many Australians Abandon Insurance as Premiums Surge on Climate Costs: ICA Head November 27, 2023 By Ben Westcott Increasing numbers of Australians are abandoning their insurance policies as premiums surge in response to climate-linked natural disasters, the head...
Governments Increasingly Will Foot Bill for Climate Risks as Insurers Exit: Report November 22, 2023 By Frances Schwartzkopff As insurers start to pull out from markets battered by the fallout of climate change, governments are increasingly at risk...
France, US Plan to Seek Ban on Private Finance to Coal-Fired Plants at COP28: Sources November 22, 2023 By Sarita Chaganti Singh, Kate Abnett and Valerie Volcovici France, backed by the United States, plans to seek a halt to private financing for coal-based power plants during the...
Climate on Track to Warm by Nearly 5.2F Without Aggressive Actions: UN Report November 21, 2023 By Gloria Dickie Countries’ current emissions pledges to limit climate change would still put the world on track to warm by nearly 3...