global warming News

Here Are 5 Products Offered by Financial Services Providers to De-Risk Heat Waves

Climate change-driven heat waves are impacting everything from nuclear reactors in France to glaciers in Pakistan. As millions of people around the world are forced to cope with more stifling temperatures, some are turning to hacks like air-conditioned clothing. Cities …

Methane-Tracking Satellites Catch Polluters

Think of them as speed cameras, but for methane. Just like roadside instruments used to identify drivers breaking traffic rules, new powerful satellites are starting to catch oil and gas operators releasing the planet-warming gas into the atmosphere. At least …

Scientists Probe Sudden Spike in Ocean Temperatures

The world’s oceans have suddenly spiked much hotter and well above record levels in the last few weeks, with scientists trying to figure out what it means and whether it forecasts a surge in atmospheric warming. Some researchers think the …

ESG Backlash Overshadows Power to Drive Better Returns: UK’s Biggest Fund Manager

The politicization of the acronym ESG risks overshadowing its power to drive returns for shareholders, according to the head of investment stewardship at the UK’s biggest asset manager, Legal & General Investment Management. Taking environmental, social and corporate governance issues …

EU Regulators Set Out Ideas to Help Plug Climate ‘Insurance Gap’

Issuing “catastrophe bonds” and setting up public-private partnerships could help plug the “insurance gap” to better cover damage from climate change, a discussion paper from the European Central Bank and European Union insurance regulators said on Monday. Only a quarter …

Housing Market Downturn Among Top Risks to Canada’s Financial System: Regulator

A potential downturn in Canada’s housing market and adjusting to rapid increases in interest rates are among the biggest risks to Canada’s financial system this fiscal year, the country’s financial regulator said on Tuesday [April 18]. The Office of the …

Record Heat and Drought Force Europe to Accelerate Climate Adaptation

The record heat and drought hurting European farmers, power utilities and insurers foreshadows even faster change to the continent’s climate, with scientists warning that feedback loops from a drying Earth likely will lead to dangerously high temperatures again this year. …

Pew: 7-in-10 Americans Favor Steps to Become Carbon Neutral by 2050

Cannabis enthusiasts have the 4/20 holiday, but in two days some 7.9 billion people have cause to celebrate. Earth Day is Saturday, and while today’s eyes are on the cannabis holiday, the media is already starting to turn coverage to …

Hannover Re Latest Company to Leave Net-Zero Insurance Alliance

German reinsurer Hannover Re on Wednesday became the third major company to leave a global climate alliance focused on reducing emissions that has faced growing political pressure in the United States. Hannover said in an emailed statement that it was …

Climate Activists Sue EU for Labeling Gas and Nuclear Investments as ‘Green’

Greenpeace and other campaign groups are set to take the European Commission to court on Tuesday, seeking to overturn European Union rules that class nuclear energy and natural gas as climate-friendly investments. The groups are targeting the EU’s “taxonomy,” a …