global warming News

How Climate Change Will Affect Countries Around the World

While delegates at the COP27 climate conference discuss the shared problem of climate change, each country will face its own challenges and threats. In February, the U.N. climate science agency released a major report on adapting to a warmer world …

COP27 Kicks Off With Deal to Discuss Compensating Poor Nations for Global Warming

Delegates from nearly 200 countries kicked off the U.N. climate summit in Egypt on Sunday with an agreement to discuss compensating poor nations for mounting damage linked to global warming, placing the controversial topic on the agenda for the first …

Moody’s: Environmental Considerations Increasingly Pressuring Issuers’ Credit Profiles

A Moody’s Investors Service Report shows that 16 sectors holding $4.3 trillion in rated debt are exposed to high or very high environmental credit risk. That’s more than twice as much as when the Paris Agreement was announced in 2015, …

Earth Is on Track to Warm Above 2C, Even With Climate Action: UN Report

Government plans to cut greenhouse gas emissions aren’t enough to avoid catastrophic global warming, with the planet on track to heat up between 2.1 and 2.9 degrees Celsius by the end of the century compared to pre-industrial times, according to …

Climate Change at Top of Insurers’ Concerns, Followed by War-Related Risks

Climate change remains at the top of insurance companies’ biggest concerns even as Russia’s invasion of Ukraine stokes geopolitical and energy-related fears within the industry. Global warming is considered as the biggest risk to society in the next five to …

Climate Concern Dropped Amid the Pandemic, but Not for Everyone

Evidently, climate concern dropped last year. A new Gallup World Risk Poll shows fewer than half of those questioned said climate change poses a “very serious threat” to their nations in the next 20 years. It was down overall, but …

Insurers Increasingly Withdraw From Fossil Fuel Projects: Climate Activists’ Report

Insurance companies that have long said they’ll cover anything, at the right price, are increasingly ruling out fossil fuel projects because of climate change – to cheers from environmental campaigners. More than a dozen groups that track what policies insurers …

Extreme Weather Poses as Big a Threat to Global Energy Security as Ukraine War: WMO

Energy infrastructure will become more vulnerable to extreme weather such as heatwaves and hurricanes, the World Meteorological Organization warned on Tuesday, with a senior official saying that climate change poses as big a threat to global energy security as the …

Climate Standard Setters Must Avoid Hardwiring Disclosure Differences: G20 Watchdog

Standard setters must work faster to avoid hardwiring differences between their finalized climate-related company disclosures, which would fragment markets, the G20’s Financial Stability Board (FSB) said on Tuesday. To help meet net-zero carbon emission targets, companies face mandatory rules on …

Study Shows Climate Change Made Droughts More Likely in 2022

Climate change made droughts in the Northern Hemisphere droughts more likely this year, a new study by a team of U.S. and international scientists shows. The scientists, part of World Weather Attribution, a group that studies links between extreme weather …