Paris climate agreement News

U.S. P/C Insurance Industry Mostly Silent on Trump Exit from Paris Climate Accord

The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the Paris climate change accord. While corporate leaders from finance, …

Trump Hands Climate Leadership Role to China to Dismay of Global Leaders

President Donald Trump’s decision to isolate the U.S. on climate change triggered waves of complaints from government and business leaders around the world and handed China a golden opportunity to burnish its image as a global leader. Trump’s withdrawal from …

China, EU Re-Commit to Paris Climate Agreement – Even if U.S. Withdraws

Chinese Premier Li Keqiang said the world’s No. 1 polluter will stick to its pledges to tackle global warming, underscoring the risk of U.S. isolation if President Donald Trump pulls out of the Paris climate accord. Li made his comments …

Trump Expected to End U.S. Participation in Paris Climate Pact

President Donald Trump plans to make good on his campaign vow to withdraw the United States from a global pact to fight climate change, a source briefed on the decision said on Wednesday, a move that promises to deepen a …

Many Large Investors Tackle Climate Risks with Greener Investments

Most of the world’s largest asset owners have gotten the message that climate change poses a risk to their portfolios and are pivoting toward greener investments. Funds worth $27 trillion that comprise 60 percent of the world’s biggest investors are …

China & India Lead U.S. in Renewable Energy Targets: Allianz

Renewable power investments will need to rapidly grow in the coming two decades to be in line with the Paris Agreement climate goals, according to the Allianz Climate & Energy Monitor Deep Dive, which aims to inform investors and policymakers …

U.K. Has 1st Day Without Burning Coal for Power Since 1880s

The U.K. had its first full day without burning coal to make electricity since the Industrial Revolution more than a century ago, according to grid operator National Grid Plc. “Friday 21st April 2017 was the first 24-hour period since the …

Global Momentum to Curb Climate Change Proceeds Despite Trump: UN

Governments have created “worldwide momentum” to slow climate change despite threats by U.S. President Donald Trump to pull out of the 2015 Paris Agreement to slash greenhouse gas emissions, the U.N.’s climate chief said on Friday. “The Paris Agreement remains …

What Could be Hotter than Phoenix? The Answer Might Just Be Phoenix

Can you imagine an even hotter, drier Phoenix? Certainly not if you’ve been to the sun-drenched Arizona capital in the summer. Such an inconceivable scenario is being proposed by the LA Times. “Today, Phoenix is a horizon of asphalt, air …

Insurer & Investor Group Urges G20 to Scrap Fossil Fuel Subsidies by 2020

Investors and insurers with more than $2.8 trillion in assets under management on Wednesday called on the Group of 20 economies to phase out fossil fuel subsidies by 2020 despite U.S. doubts about climate change. G20 nations should work “to …