decarbonization News

The Global Urgency of Building the Carbon Removal Industry

“If you build it, they will come.” This famous, but paraphrased, quote from the film “Field of Dreams” is apropos of the fledgling carbon removal industry. The demand is there, but supply needs to be built. The carbon removal industry …

Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero

Ditching investments in fossil fuel businesses—and denying them insurance—aren’t the only ways for the insurance industry to participate in the drive to net zero greenhouse gas emissions, according to representatives of global insurers and reinsurers. Even those companies that are …

Russia’s War With Ukraine Must Not Derail Climate Action: Envoys Warn

The world needs to speed up decarbonization and not let a focus on energy security in the wake of Russia’s invasion of Ukraine derail the drive to a low-carbon economy to avert disastrous climate change, leading climate envoys said on …

Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050

Zurich Insurance Group announced it is bringing forward by 20 years its target to achieve net-zero emissions in its operations. It now aims to reach the goal by 2030, after implementing plans announced on March 31 last year to achieve …

Lloyd’s Lab Selects 11 Insurtechs to Test Decarbonization, Climate Change Solutions

The Lloyd’s re/insurance marketplace announced the next 11 insurtech start-ups that will join the eighth cohort of the Lloyd’s Lab in its 10-week program. Lloyd’s Lab, the market’s innovation accelerator, brings together insurtech, insurers, and brokers to test new, innovative …