Banks in EU Get World’s First ESG-Related Rewrite of Capital Rules October 13, 2023 By Frances Schwartzkopff In a global first, Europe’s main bank regulator is revising the framework that sets capital requirements so that lenders reflect...
Use of Weather Derivatives Surges as Extreme Climate Events Rock the Globe October 11, 2023 By Harry Robertson Energy companies, hedge funds and commodity traders are stepping up their use of financial products that let them bet on...
UK Closer to Mandatory CO2 Disclosures With New Guidelines October 10, 2023 By Alastair Marsh The UK just moved a step closer to requiring companies to provide detailed statements on future carbon emissions reductions that...
2023 on Track to Become Hottest Year on Record: EU Climate Service October 6, 2023 By Charlotte Van Campenhout This year is on track to become the hottest since at least 1940, the European Union’s Copernicus Climate Change Service...
Record Heat Unleashes Deadly Floods – From US to Libya October 5, 2023 By Brian K. Sullivan Extreme heat is usually associated with drought and wildfires. But across five continents this year, it’s also unleashed a different...
Low Water Levels Hamper Rhine River Shipping in Germany October 5, 2023 Low water levels after recent dry weather are preventing cargo vessels from sailing fully loaded on the Rhine river in...
September Broke Global Heat Record by ‘Gobsmackingly Bananas’ Margin: Scientist October 4, 2023 By Eric Roston The global average temperature for September broke records by such an absurd margin that climate experts are struggling to describe...
Youth vs Europe: ‘Unprecedented’ Climate Trial Unfolds at Human Rights Court September 29, 2023 By Catarina Demony Six young people from areas in Portugal ravaged by wildfires and heatwaves went head-to-head with 32 European governments on Wednesday...
A Hidden Climate Danger Threatens Coastal Communities With Toxic Chemicals September 29, 2023 By Todd Woody A little-known climate threat lurks under our feet: rising groundwater that could release toxic chemicals from more than 132,000 contaminated...
European Insurers Underwrite 30% of US Coal: Study September 28, 2023 By Gautam Naik and Alastair Marsh Some of Europe’s biggest insurers are underwriting close to a third of the coal production that takes place in the...