global warming News

Climate Change Threatens One Million Species with Extinction: Scientists

Relentless pursuit of economic growth, twinned with the impact of climate change, has put an “unprecedented” one million species at risk of extinction, scientists said on Monday in a landmark report on the damage done by modern civilization to the …

House Passes Climate Now Act, But What’s The Next Step?

The U.S. must take an active role in mitigating climate change on the global stage. So says the U.S. House of Representatives, which voted today on H.R. 9, the Climate Action Now Act. The bill, which passed 231-190, largely along …

UK Climate Change Adviser to Recommend Target of Zero Emissions by 2050: Sources

The U.K. government’s official adviser on climate change is set to recommend the country adopt a target to drive net fossil fuel emissions to zero by 2050, according to people familiar with the plan. If adopted, the proposals would give …

Washington D.C. Plans to Confront Climate Change by Retrofitting Flood-Prone Buildings

Washington is announcing a goal of retrofitting or removing all of its flood-prone buildings by 2050, the first major U.S. city to set such a policy. The proposal is part of a broader plan to protect Washington, which is home …

Hannover Re Cuts Exposure to Coal-Based Risks, Limiting Investments, Underwriting

Hannover Re announced it is scaling back its exposure to coal-fired power plants and coal mines, joining a growing list of re/insurers that have made similar moves. In addition to excluding coal-based projects from its investment portfolio, Hannover Re said, …

S&P Will Issue ‘Environmental, Social and Governance’ Evaluations Including on Insurance Sector

If you’re among those who regard “environmental, social and governance” as just another in a long line of trendy buzz-phrases, then you may want to rethink. ESG standards, which companies use to highlight operations that interest socially conscious investors, will …

New Crop of Satellites Will Identify Biggest Contributors to Climate Change

A wave of satellites set to orbit the Earth will be able to pinpoint producers of greenhouse gases, right down to an individual leak at an oil rig. More than a dozen governments and companies have or are planning to …

30 Central Banks, Minus U.S., Call for More Green Financing, Better Climate Risk Assessment

With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group including 30 central banks called for measures to spur green finance and better assessment of the risks from higher global temperatures. The move led …

Rhine River Could Be Impassable to Ships this Summer if European Drought Returns

Germany’s Rhine River could be impassable to ships again this summer if Europe has another drought, a once-rare weather phenomenon that’s becoming more likely with an increase in the temperature. That’s the opinion of German and Swiss scientists who say …

Mozambique City of Beira Tried to Battle Climate Change – Then Cyclone Idai Hit

Long before Cyclone Idai roared in and tore apart Mozambique’s seaside city of Beira, the mayor dreamed of protecting his people from climate change. It would be a huge challenge. Large parts of the city of 500,000 residents are below …