Banks, insurers, and other financial institutions must do more to take into account the risks posed by climate change to their business, a Dutch Central Bank study said. As global warming increases the risk of extreme weather events, regulators are …
Damages from Hurricane Harvey’s ravaging of Houston and the Texas Gulf Coast are estimated to be well below those from the major storms that hit New Orleans and New York in recent years, insurance executives have said. Though insurers should …
Scientists are sucking carbon dioxide from the air with giant fans and preparing to release chemicals from a balloon to dim the sun’s rays as part of a climate engineering push to cool the planet. Backers say the risky, often …
Bank of England Governor Mark Carney said he’s concerned investors aren’t doing enough to assess threats that global warming will have on assets they purchase. The central bank governor who also leads the Financial Stability Board advising the Group of …
A global task force set up by the G20 has developed a voluntary framework for companies to disclose the financial impact of climate-related risks and opportunities, drawing support from more than 100 companies with $11 trillion of assets. There are …
Companies’ disclosure of risks to their business from climate change could become mandatory in a few years as investor pressure gathers pace, climate finance experts said on Tuesday. Investors have urged companies, particularly those operating in the oil, gas and …
Most of the world’s largest asset owners have gotten the message that climate change poses a risk to their portfolios and are pivoting toward greener investments. Funds worth $27 trillion that comprise 60 percent of the world’s biggest investors are …
Renewable power investments will need to rapidly grow in the coming two decades to be in line with the Paris Agreement climate goals, according to the Allianz Climate & Energy Monitor Deep Dive, which aims to inform investors and policymakers …
The U.K. had its first full day without burning coal to make electricity since the Industrial Revolution more than a century ago, according to grid operator National Grid Plc. “Friday 21st April 2017 was the first 24-hour period since the …
Reducing pollution and curbing overfishing won’t prevent the severe bleaching that is killing coral at catastrophic rates, according to a study of Australia’s Great Barrier Reef. In the end, researchers say, the only way to save the world’s coral from …
