global warming News

U.N. to Hold Companies to Their Net-Zero Pledges With Group of 16 Experts

The United Nations on Thursday announced the members of an expert group that will scrutinize corporate pledges to achieve net-zero emissions, an effort to prevent greenwashing as private sector climate plans proliferate. U.N. Secretary-General António Guterres said the group of …

Insurers: NAIC’s Move to Amend Climate Disclosure Survey Too Quick

The National Association of Insurance Commissioners is moving to amend its climate disclosure survey – and insurers may not like it. The Climate Risk Disclosure Survey is a voluntary risk management tool for state insurance regulators to request from insurers …

U.S. Fuelmakers on Hook for Vehicle Emissions in New SEC Rule

U.S. drillers and refiners will likely need to report estimated greenhouse gas emissions from the cars, trucks, planes and ships that use their fuel if a rule proposed by U.S. regulators on Monday passes later this year, according to industry …

European Union Lawmakers Agree to Force Foreign Firms to Comply With ESG Rules

European lawmakers have agreed to force roughly 28,000 foreign subsidiaries to comply with the bloc’s ESG rules, marking a blow to representatives for U.S. corporations who had lobbied for the opposite outcome. In a wide-reaching revamp of the EU’s reporting …

World’s Cargo Ships Are Sailing Into Supply Chain Disruptions via Climate Risks: Report

Dangerous, expensive disruptions to shipping and many of the world’s roughly 3,700 ports are on the rise along with global temperatures. These events will increasingly threaten the sea routes that convey 80% of traded goods by volume, according a new …

Burn the Client or Burn the Carbon? Insurer AXA Grapples With Clean Energy Transition.

The glass tower in Paris where AXA SA, one of the world’s largest insurers, has its temporary headquarters looks as if a giant feral cat has ripped chunks out of it. In recent months that jagged feeling extends inside, too, …

Climate Change Is Making Australia a More Difficult Place to Live: Prime Minister

Australia’s Prime Minister Scott Morrison conceded that a changing climate is making the country a more difficult place to live as he declared recent destructive flooding on the east coast a national emergency. Morrison spoke to reporters as he visited …

Flash Floods Threaten 126,000 Commercial Buildings in London, and Risk Will Worsen

More than 126,000 commercial buildings in London are at risk from flash flooding. Climate change will heighten that threat. Those are the findings of a new study by Zurich Insurance Group, which mapped every commercial and mixed use property in …

Extreme Wildfires Expected to Increase 30% by 2050

Indonesia’s peatlands, California’s forests, and, now, vast swathes of Argentine wetland have all been ravaged by extreme wildfires, heralding a fiery future and the dire need to prevent it. With climate change triggering droughts and farmers clearing forests, the number …

Climate Change Could Push Flood Losses in U.S. to $40B by 2050

Climate change could result in the financial toll of flooding rising by more than a quarter in the U.S. by 2050, according to new research. The research, led by the University of Bristol and published in Nature Climate Change, also …