Latest Climate Change Headlines
All the headlines from our Climate Change Topic Page, ordered by recency.
Boston Mayor Pledges EV Charging Stations at 10-Minute Walk Intervals
Nov 19 2020 // The Dow Jones Sustainability Index just released their 2020 rankings, and Zurich Insurance Group took the top spot in the insurance sector. The assessment is an annual evaluation of companies’ sustainability...
Canada’s Banks, Insurers to Participate in Pilot Climate Risk Project
Nov 17 2020 // Some of Canada’s largest banks and insurers are set to participate in a pilot project to better understand the risks to the financial system from the transition to a low-carbon economy, Canada’s central bank...
For First Time, Federal Reserve Cites Climate as Financial Stability Risk
Nov 13 2020 // The U.S. Federal Reserve for the first time called out climate change among risks enumerated in its biannual financial stability report, and warned about the potential for abrupt changes in asset values in response to a...
Voters OK’d Local Measures to Fight Climate Change
Nov 5 2020 // Local governments are increasingly taking it upon themselves to address climate change. Denver voters on election day passed Measure 2A, which would raise city sales tax by 0.25% starting in January with the goal of...
Analysis: Exit from Paris Agreement Creates Climate Liability for U.S. Businesses
Nov 5 2020 // The outcome of the U.S. general election is not yet clear. What’s been obvious for months is that climate change was on the ballot, and the U.S. election matters for global climate action. And one thing is certain:...
Rhode Island Climate Change Suit Remains in State Court
Nov 2 2020 // A lawsuit filed by the state of Rhode Island against 21 fossil fuel companies seeking damages for the impacts of climate change will be allowed to proceed in state court, a federal appeals court has ruled. The decision...
Australian Pension Fund Agrees to Settle Landmark Climate Risk Litigation
Nov 2 2020 // SYDNEY — One of Australia’s largest pension funds on Monday agreed to settle a landmark climate risk litigation filed by a 25-year-old member who alleged it was failing to protect his retirement savings against...
More Firms Need to Disclose Potential Financial Hit from Climate Change: Regulator
Oct 29 2020 // Too few companies specify their prospective financial hit from climate change under a voluntary global disclosure code that needs wider backing from asset managers and others to be fully effective, a global regulatory body...
Is Climate Change Making Drought One of the Nation’s Costliest Disasters?
Oct 22 2020 // Drought has become one of the costliest disasters in the U.S., causing 94 deaths and an inflation-adjusted $6.2 billion in losses per year on average since 1980, according to a report out this week from Climate...
Bank of England to Require Company Disclosures on Climate Risks
Oct 19 2020 // Current rules on company disclosures to help markets price in risks from climate change will become mandatory, a senior Bank of England official said on Friday. It is the latest push in the financial sector to harmonize...
Climate Change Will Increase Weather Disasters and Need for Humanitarian Aid: U.N.
Oct 14 2020 // GENEVA – In the wake of heat waves, global warming, forest fires, storms, droughts and a rising number of hurricanes, the U.N. weather agency is warning that the number of people who need international humanitarian help...
Washington Commissioner’s Climate Summit Highlighted Area, Global Vulnerabilities
Oct 8 2020 // “The insurance buying public wants to know that insurance is going to be available and affordable to them when they need it.” That was the take-home message from Washington Insurance Commissioner Mike Kreidler,...
Supreme Court Agrees to Hear Jurisdiction Question in Climate Damages Lawsuit
Oct 5 2020 // The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC contesting a lawsuit by the city of Baltimore seeking damages for...
Pandemics Surpass Climate Change as Biggest Worry for Insurance Professionals: Study
Oct 1 2020 // Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide. Infectious diseases and pandemics were ranked as the most significant risks to society over the...
UN Envoy Carney Backs Investors’ Call for Increased Climate Risk Disclosure
Sep 28 2020 // United Nations climate envoy Mark Carney on Thursday threw his weight behind a growing push by investors for companies to more accurately reflect climate-related risks in their financial accounts. Such risks can range from...
Chinese Companies Lag Far Behind in Climate Risk Disclosure
Sep 24 2020 // A report on the current state of climate risk disclosures among the largest companies in China and the United States found that Chinese companies lag significantly behind their global peers in the S&P 500 in climate...
New York, California Could be Fastest Growing States for Renewables
Sep 24 2020 // U.S. environmental policies will drive long-term demand for renewable energy, Moody’s Investors Service said in a new report. The report depicts a “a credit positive for renewable energy developers” in...
Catastrophe Losses Driven Higher by Secondary Perils – And Climate Change
Sep 23 2020 // Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers. Indeed, broker Aon reveals that more than 60% of 2020’s insured catastrophe...
New York Calls on Insurers to Address Climate-Related Financial Risks
Sep 22 2020 // New York State Department of Financial Services (DFS) Superintendent Linda Lacewell today implemented several new initiatives to address climate-related financial risks, calling on insurers to begin integrating these...
California Burnin’ – a Warning Against One-Party Rule: Opinion
Sep 22 2020 // “California, folks, is America fast forward.” Thus said Governor Gavin Newsom, hoarsely, amid brown smoke at the North Complex Fire on Sept. 11. “What we’re experiencing right here is coming to a...
