What Are the Economic Stakes of Climate Change? October 25, 2021 By Mark Johnson COP26 climate talks in Glasgow starting next Sunday may be the world’s best last chance to cap global warming at...
Greenhouse Gas Levels Hit Record in 2021 as World Fails to Cap Rising Temperatures October 25, 2021 By Emma Farge and Gerry Mey GENEVA/GLASGOW – Greenhouse gas concentrations hit a record last year and the world is “way off track” on capping rising...
Worsening Off-Season Floods in Venice Trigger Fears About Climate Change Impact October 22, 2021 By Colleen Barry VENICE, Italy (AP) – After Venice suffered the second-worst flood in its history in November 2019, it was inundated with...
California Releases Climate Draft Plan, Axis Accelerates Retreat from Coal October 21, 2021 By Don Jergler Insurer Axis Capital Holdings Ltd. announced new a policy restricting insurance and investments in coal, tar sands oil, and Arctic...
New Zealand Is 1st Country to Pass Climate Change Disclosure Laws for Insurers, Banks October 21, 2021 New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts...
AXIS Capital Accelerates Its Retreat From Coal Investments and Cover October 21, 2021 AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the...
Asset Managers, Including Allianz, to Cut Portfolio Emissions by at Least 25% by 2025 October 21, 2021 By Alastair Marsh By 2025, 29 of the world’s biggest pension funds and investment firms, including Allianz SE and the California Public Employees’...
Banks Demanding Stricter Environmental Criteria When Financing Shipping Companies October 20, 2021 By Jonathan Saul Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate...
Guy Carpenter Launches European Wildfire Risk Score as Exposure Management Tool October 18, 2021 Guy Carpenter & Co., the reinsurance business of Marsh McLennan has announced the launch of a Wildfire Risk Score designed...
Corporate Climate Risk Disclosures Still Falling Short, Regulators Say October 15, 2021 By Huw Jones and Simon Jessop Around half of companies assessed have begun to apply globally agreed climate-related disclosure standards for helping investors to pick firms...