global warming News

Cold War Era Satellite Images Reveal Acceleration of Asian Glacier Melt

Himalayan glacier melt has doubled over the last 40 years, according to new research made possible by declassified cold war era satellite imagery. The 650 glaciers under study in parts of China, India, Bhutan and Nepal were found to be …

Greenhouse Gas Emissions Must Be Halved by 2030 to Avoid 3C Warming: Scientists

Emissions need to be halved by 2030 to limit warming to 1.5 degrees Celsius but temperatures are on track to reach double that by the end of the century even if countries’ current plans are fully implemented, research by scientists …

Stringent Climate Policy Poised to Pass in Oregon

Oregon is on the precipice of becoming the second state after California to adopt a cap-and-trade program, a market-based approach to lowering the greenhouse gas emissions behind global warming. Supporters call it the United States’ most progressive climate policy, saying …

Climate Change and the Reinsurance Implications

Climate change presents “high exposure risk” to insurers and their policyholders on many fronts: General liability claims for third-party bodily injury and property damage, directors and officers claims for a company’s failure to properly disclose climate-related or failure to align …

Britain Commits to Net Zero Greenhouse Gas Emissions by 2050

Britain has announced it will enshrine a new commitment to reach net zero greenhouse gas emissions by 2050 into law, marking a first among G7 nations facing increasingly severe impacts from the climate crisis. With global carbon emissions at record …

Companies Failing to Disclose Exposure to Risks of Climate Change: Global Task Force

Companies are failing to disclose sufficient detail about how exposed they are to the potential risks of climate change, a global task force said in a report on Wednesday. Many investors have called on companies to provide better communication on …

World’s Largest Companies Forecast Climate Change Could Cost Them $1 Trillion

An analysis of thousands of corporate disclosures on climate-change risks suggests that companies stand to gain more than they lose, mostly within the next five years. Some $2.1 trillion worth of potential good news is embedded in those statements, according …

IBHS Chief Wright Urges Congress to Consider Tax Credits for Climate Resilience

Roy E. Wright, CEO and president of the Insurance Institute for Business & Home Safety, wants Congress to consider financing resilience. The IBHS chief testified during a recent appearance before the House Ways and Means Committee that severe weather events …

Alaska City Votes to Adopt Climate Action Plan

The Anchorage Assembly has adopted a climate action plan setting goals for the Alaska city. Alaska Public Media reported that the city officials voted this week to adopt the 100-page document outlining aims such as reducing carbon emissions by 80 …

Violations of IMO 2020 Emissions Rules for Shipping Could Hit Insurance Cover

Tougher rules on sulfur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades. United Nations shipping agency the International Maritime Organization (IMO) met in London this week for …