Latest Climate Change Headlines

All the headlines from our Climate Change Topic Page, ordered by recency.

World’s Biggest Re/Insurers Expanding in Africa, but Climate Change Could Hit Profits

Jun 10 2022 // The world’s biggest insurers are expanding in Africa, looking to tap growth promised by a rising population and middle class, but climate change could complicate their quest for profits.With Western markets...

Insurers Must Be Better Prepared for Impact of Climate Change: BoE

Jun 8 2022 // Insurers need to plug data gaps to be better prepared for the impact of climate change on their operations and further work may be needed on how much capital they should hold, the Bank of England (BoE) said on...

Climate Change Lawsuits Are Exploding Globally, but Court Wins Are Few

Jun 2 2022 // A year ago, a Dutch judge ordered Shell to slash its emissions harder and faster than planned. Victorious campaigners and lawyers declared the win would straighten up the biggest polluters and serve as a warning to...

Weird Rainfall Patterns in Europe Blamed on Climate Change

Jun 1 2022 // Emissions of planet-warming greenhouse gases caused by human activities are directly responsible for long-term dry conditions in the Mediterranean basin and the increasing rainfall over the rest of Europe during winter,...

Canada Releases Draft Guidelines to Manage Financial Risks of Climate Change

May 27 2022 // A Canadian financial regulator released draft guidelines on Thursday to mitigate the risks of climate change as the country’s financial institutions prepare for mandatory disclosures starting in 2024.The guidelines,...

Study Finds Climate Change Could Hit U.S. Corn Belt Hard

May 26 2022 // Climate change could hit the U.S. Corn Belt especially hard, a study from Emory University finds.Without “major technological advances in agricultural practices,” the U.S. Corn Belt will be unsuitable for...

HSBC Banker Suspended After Playing Down Financial Risks of Climate Change

May 23 2022 // UK pension schemes should not ignore climate change, a senior executive at The Pensions Regulator said on Monday, the first watchdog to weigh in after a top HSBC banker was suspended after playing down the financial risks...

Financial Risks of Climate Change Are Exaggerated: Senior HSBC Banker

May 20 2022 // Central bank policymakers and other global authorities are exaggerating the financial risks of climate change, a senior HSBC banker in charge of sustainable investments said in remarks that drew criticism from climate...

Climate Change Boosted Cost of Japan’s Typhoon Hagibis by $4B: Study

May 19 2022 // The effects of human-caused climate change were responsible for roughly $4 billion of the $10 billion in insured losses resulting from Typhoon Hagibis that struck Japan in October of 2019, according to a new analysis of...

Climate Change Is Hurting Insurance Industry: Report

May 17 2022 // Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on Tuesday.Insured losses from...

Climate Change Exacerbated Deadly Floods in South Africa: Study

May 16 2022 // South Africa’s deadliest floods in almost three decades was exacerbated by climate change and similarly heavy rainfall can be expected to occur more regularly, according to scientists collaborating under the World...

How Climate Change Is Fueling More Intense Global Wildfires

May 16 2022 // Already, 2022 is taking its place in a pantheon of years that have seen the nature of fire change — and all parts of the world fall under threat. It’s only expected to get worse, with drought and heat waves looming...

AXA to Join €1B Regenerative Agriculture Fund to Help Mitigate Climate Change

May 13 2022 // Insurer AXA and consumer goods group Unilever plan to invest 100 million euros each into a new 1 billion euro ($1.06 billion) regenerative agriculture fund to be managed by Tikehau Capital, the three groups said on...

U.S. SEC Gives Public Until June 17 to Weigh In on Climate Risk Proposal

May 10 2022 // The U.S. Securities and Exchange Commission (SEC) on Monday extended until June 17 the period for public comment on its landmark proposal to require U.S.-listed companies to disclose a range of climate-related risks and...

FutureProof Secures $6.5M to Launch Climate Risk MGA

May 6 2022 // San Diego-based FutureProof Technologies, which calls itself a “climate-smart property/casualty insurtech,” announced that it has raised $6.5 million in capital led by AXIS Digital Ventures, bringing its total...

Central Banks, Supervisors Must Focus on Financial Resilience to Climate Change: BoE

May 3 2022 // The rise in demand for coal following Russia’s invasion of Ukraine is a setback to reaching a net-zero economy by 2050 but will also help bolster investment in renewable energy, a Bank of England (BoE) policymaker...

Climate Change Could Put 4% of Global GDP at Risk by 2050: S&P Study

Apr 27 2022 // Climate change could see 4% of global annual economic output lost by 2050 and hit many poorer parts of the world disproportionately hard, a new study of 135 countries has estimated.Ratings firm S&P Global, which gives...

Climate Change Exacerbates Extreme Weather in Europe: Report

Apr 25 2022 // Climate change produced another record-breaking year of extreme weather in Europe in 2021, triggering catastrophic flooding and the hottest summer on record, according to scientists at the Copernicus Climate Change...

Climate Change Could Cost U.S. Budget $2 Trillion a Year by End Century

Apr 18 2022 // Flood, fire, and drought fueled by climate change could take a massive bite out of the U.S. federal budget per year by the end of the century, the White House said in its first ever such assessment, released in early...

Climate Change Exacerbates Africa Cyclones: Study

Apr 14 2022 // Extreme rainfall in southeast Africa has become heavier and more likely to occur during cyclones because of climate change, according to a new analysis released Monday [April 11] by an international team of weather...