Thirty of the world’s largest investors managing a combined $5 trillion said on Tuesday they plan to set targets to lower their portfolio carbon emissions by as much as 29% over the next five years. All members of the Net-Zero …
“The insurance buying public wants to know that insurance is going to be available and affordable to them when they need it.” That was the take-home message from Washington Insurance Commissioner Mike Kreidler, who hosted a half-day virtual summit on …
Last month was the world’s hottest September on record, with unusually high temperatures recorded off Siberia, in the Middle East, and in parts of South America and Australia, the European Union’s Copernicus Climate Change Service said on Wednesday. Extending a …
U.S. environmental policies will drive long-term demand for renewable energy, Moody’s Investors Service said in a new report. The report depicts a “a credit positive for renewable energy developers” in the U.S. despite a downturn in demand for electricity during …
A multiyear trend of increasing climate condition measurements from the U.S. and Canada hit a new high in winter 2019-2020, according a new Actuaries Climate Index released this week. The quarterly data’s key metric of a seasonal five-year moving average …
Last year will be remembered as among the world’s hottest, while greenhouse gases reached their highest levels on record, according to the 30th annual State of the Climate report. The international annual review of the world’s climate, led by scientists …
Last month was the world’s third-hottest July on record, new data show — the latest milestone in a global warming trend that has seen the three hottest Julys within the last five years. With the heat has come a high …
Exxon Mobil Corp. will argue that a consumer and investor fraud lawsuit filed by the Massachusetts attorney general amounts to improper retaliation against the company over its views on climate change. The company will seek to dismiss the suit under …
Jupiter, a Silicon Valley startup provider of predictive data and analytics for climate risk, announced it has raised additional capital from insurers Liberty Mutual and MS&AD Insurance Group Holdings, and SYSTEMIQ, a sustainable economic systems firm. Jupiter, which declined to …
Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during the first half, which varied in magnitude by $7 billion. While Munich Re estimated that natural disasters across the globe …
