Latest Climate Change Headlines
All the headlines from our Climate Change Topic Page, ordered by recency.
Japanese Insurers Struggle with Climate Change Cost Estimates
Jun 25 2021 // TOKYO – As the world tries to price the cost of climate change, Japan’s second largest non-life insurer MS&AD foresees the potential rise in claim payments in 2050 to be anywhere between 5% to 50% from current...
Explaining Climate Change and Financial Disclosure for Insurers
Jun 25 2021 // TOKYO – Japanese financial institutions are struggling to put a price tag on the cost of climate change, an effort made difficult by the long timeframe and a lack of data for making credible predictions. Non-life insurer...
Prince Charles Launches Partnership with Insurance Industry to Tackle Climate Change
Jun 24 2021 // His Royal Highness the Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit today at Lloyd’s. The SMI Insurance Task Force, convened by Prince Charles and chaired by...
Some House Republicans Eye Private Sector Plan to Address Climate Change
Jun 24 2021 // U.S. House Republicans aim to use private sector to tackle climate change WASHINGTON, June 23 (Reuters) – More than 50 Republicans in the U.S. House of Representatives on Wednesday formed a group to discuss how to...
UK Struggles to Adapt to Impact of Climate Change
Jun 18 2021 // The UK is struggling to put in place adequate measures to deal with rising sea levels and warmer temperatures caused by pollution, the government’s independent adviser on climate matters has warned. Average land...
Is a Climate Change-Driven ‘Megadrought’ Looming over Parts of U.S.?
Jun 17 2021 // The Western U.S. could be in for a wild ride thanks to climate change. That’s the brunt of the buzz in the news this week, as multiple media outlets gave heavy coverage to the severe drought and heatwave currently...
Bank of England Launches Climate Change Stress Test for Insurers, Banks
Jun 8 2021 // The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine capital requirements...
World’s Largest Insurers ‘Failing’ to Address Climate Change, Biodiversity Loss
Jun 3 2021 // Most of the world’s largest insurers are failing to adequately address systemic risks such as climate change and biodiversity loss, but a group of five U.S. insurers are some of those that rank the lowest, according...
Climate Change Protesters Set Off Stink Bomb at Lloyd’s of London in Ongoing Activism
Jun 2 2021 // Climate change protesters continued their focus on Lloyd’s as a major insurer of the fossil fuel industry by setting off a stink bomb in front of the market’s London headquarters. The activist group, Insurance...
From Heat Officers to Mobilization Directors, Specialists Help Cities With Climate Change
Jun 2 2021 // Tucson hired a forester. Miami named a heat officer. And Los Angeles appointed a climate emergency mobilization director. Across the United States, cities have launched new programs focused on dealing with extreme weather,...
Swiss Financial Watchdog Requires Insurers, Banks to Disclose Climate Change Risks
Jun 1 2021 // ZURICH – Large Swiss banks and insurance companies will have to provide qualitative and quantitative information about risks they face from climate change, Swiss financial watchdog FINMA said on Monday as it released an...
Rising Global Temperatures Move Closer to Climate Change Tipping Point: U.N. Report
May 27 2021 // There is now a 40% chance that global temperatures will temporarily reach 1.5 degrees Celsius above pre-industrial levels in the next five years — and these odds are rising, a U.N. report said on Wednesday. a U.N....
To Protect a Community from Climate Change, New York is Elevating a Park
May 25 2021 // Superstorm Sandy flooded lower Manhattan in 2012 with nearly 5 feet (1.5 m) of water, swamping the city’s subway and destroying homes and businesses. The storm and its aftermath were a wake-up call that New York City...
Impending Dutch Court Decision to Test Shell’s Responsibility for Climate Change
May 25 2021 // A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case that will be watched by Big Oil executives globally. A panel of judges in a lower court...
Canada Faces Mega-Hurricanes if Climate Change Pushes Storms North: Swiss Re Warns
May 21 2021 // Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada’s homeowners, businesses and insurers underestimate that escalating risk, according to one of the...
Biden Executive Order Initiates Broad Strategy to Assess, Mitigate Climate Change Risks
May 21 2021 // President Joe Biden on Thursday directed federal agencies to assess and mitigate the increasing and serious risks that climate change poses to individuals, businesses, the federal government and the U.S. financial system,...
Report: $8.1B of Sandy’s Damages Attributable to Climate Change
May 20 2021 // Roughly $8.1B of Superstorm Sandy’s damages in 2012 are attributable to “climate-mediated anthropogenic sea level rise,” a report out this week shows. The report published on Tuesday in the journal Nature...
Climate Change Caused $8 Billion of Hurricane Sandy’s Economic Losses: Study
May 20 2021 // When Hurricane Sandy barreled over New York City and the East Coast in 2012, it caused $63 billion in damage, making it one of the costliest storms in U.S. history. Now, scientists have estimated that climate change pushed...
Warming Arctic Permafrost Will Make It Harder to Curb Climate Change: Study
May 18 2021 // The warming Arctic tundra will make it harder for the world to curb climate change, as thawing permafrost and wildfires release greenhouse gases that are not fully accounted for in global emissions agreements, a study said...
Biden EPA Relaunches Website With Climate Change Indicators
May 14 2021 // After years of delays during the Trump administration, the EPA released its new climate indicators, which show Americans are already feeling effects on their health and safety. Heat waves across the country are more...
