Financial Services Industry Must Act Faster on Climate Change: Bank of England Chief December 30, 2019 Financial services have been too slow to cut investment in fossil fuels, a delay that could lead to a sharp...
Venice Hotels Suffer Nearly $34M in Damages from November’s Floods December 23, 2019 Venice’s hoteliers association estimates that the city’s hotels suffered about 30 million euros ($34 million) worth of structural damage during...
Insured Losses in 2019 Estimated at $56B, Down from $93B Last Year: Swiss Re December 20, 2019 Global insured losses in 2019 dropped to an estimated US$56 billion, from US$93 billion in 2018 and below the annual...
European Investors Urge Big-Four Auditors to Take Action on Climate Risks December 2, 2019 By Matthew Green and Simon Jessop European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action...
France to Require Insurers, Banks to Run Climate Change Stress Tests in 2020 December 2, 2019 France’s financial regulator will subject banks and insurers to climate change stress tests next year, central bank governor Francois Villeroy...
Coastal Damages from Climate Change Could Cost U.K. Economy Billions by 2050: WWF November 27, 2019 By Jill Ward The U.K. economy could face hits of more than 12 billion pounds ($15.4 billion) a year by 2050 from coastal...
Extreme Weather in Greece Brought $1.1 Billion in Crop Damages Since 2011 November 25, 2019 By Antonis Galanopoulos and Paul Tugwell In the hills of northern Greece, peach farmer Makis Antoniadis is sweating in unseasonably warm November weather as he toils...
Venice Suffers 2nd High Tide in a Week as Italy Declares State of Emergency November 15, 2019 By Alessandro Speciale Venice suffered its second exceptionally high tide in a week, with waters rising 154 centimeters (61 inches) above their benchmark...
Venice Floods, Australia Wildfires Blamed on Climate Change November 14, 2019 By Robert Birsel Extreme floods in Venice, fires in Australia and even an outbreak of plague in China have been attributed to climate...
Fires Continue to Rage in Australia’s Most Populous State, New South Wales November 13, 2019 By Rod McGuirk Ferocious wildfires were burning at emergency-level intensity across Australia’s most populous state and into Sydney’s suburbs on Tuesday as authorities...