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...
Typhoon That Hit China’s Ports Provides Wakeup Call for Climate Risk to Markets December 12, 2023 By Katy Daigle and Simon Jessop As Typhoon Doksuri aimed toward mainland China, major southeast ports were forced to turn away dozens of vessels for days....
Climate Change, El Niño Bring T-Shirt Weather in December for Northern Hemisphere December 8, 2023 By Brian K. Sullivan It’s the cusp of winter in the Northern Hemisphere, but in many places from the US to Japan, it feels...
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,...
Insurers Heavily Exposed to Impact of Climate Change: Global Watchdog December 6, 2023 Insurers are heavily exposed to the impact of climate change and also face risk from their alternative investments in reinsurance,...
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...
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...