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Canada is already seeing the effects of climatechange, and the insurance industry is paying close attention. As extreme weather events become stronger and more frequent, the Insurance Institute predicts that average annual severe weather claims paid by insurers in Canada will more than double between 2020 and 2030, increasing from $2.1
DESCRIPTION: More than 100 exhibitors have taken part in the Reset Connect London two-day event (28-29 June) as part of London Climate Action Week. By Rufus Bullough. SOURCE: Acre. So far more than 33,986 users have collectively funded the planting of 42 million trees and reduced carbon emissions by 1.8
As she made her way up the ranks in The Co-operators Group – a network of companies offering life, property and casualty insurance, as well as an investment management division, Addenda Capital – she grasped the changing relevance and mission of the insurance industry in an era of climatechange.
For decades, scientists have studied the risks of increasing greenhouse gas (GHG) emissions on the earth’s climate. The signals of early-stage climatechange are becoming unmistakably visible. As the recent Intergovernmental Panel on ClimateChange (IPCC) report on climate adaptation stated: “Global warming, reaching 1.5°C
Scottish Renewables’ flagship event returned to the EICC in Edinburgh where more than 1,250 guests celebrated Scotland’s renewable energy industry and applauded the 15 award winners who were recognised for their achievements over the past year. A performer at the event.
At this event we had 25 countries represented with a wide diversity of technical expertise. This money is flowing into private equity and greener investments in the region, particularly renewable energy. It has boosted the market of climatechange in the region.
This year’s event will return as an in-person awards ceremony which will comply with the latest government guidelines to ensure the health and safety of guests. The event, headline-sponsored by EDF Renewables, will take place at the Edinburgh International Conference Centre. Image credit: barnyz , CC BY-NC-ND 2.0
In response, PME has divested from fossil fuel investments and redirected the funds towards the energy transition by focusing on solar and wind projects. Instead of solely excluding certain industries, he explained, this new investment approach aims to create a more inclusive strategy that screens companies based on ESG criteria.
In Interlaken, Switzerland, governments conducted the painstaking business of approving the key messages for policymakers of the latest Synthesis Report from the Intergovernmental Panel on ClimateChange (IPCC), aka the world’s foremost climate scientists. In Japan, progress is even slower, admittedly, but anticipation is high.
That collective nature also is evident in a B Corp Month climate action resource designed to help other businesses reduce their environmental footprint. While these changes can start small, they can lead to systemic change when they gain momentum and uptake. Founded in 2016, Tradewater joined the B Corp community in 2022.
In our Green Finance Strategy, we set out the vital role the financial sector will play in channelling investment into the real economy to support the transition,” said Penn. Last week, the UK’s ClimateChange Committee recently described government efforts to scale up climate action as “worryingly slow”.
Global perspective Also speaking at the event, John Mulligan, Director, Market Relations and ClimateChange Lead, World Gold Council, said that the investment community must move away from “short-termism” with regard to how it measures value. “How do we value loss?”
Climatechange is the defining challenge of our time, and according to the Climate Adaption Platform, the stakes are especially high for the ANZ region, which is vulnerable to the impact of weather events such as floods, bushfires, droughts, and heatwaves.
Not only did it set the tone for a wide range of adaptation initiatives throughout COP27, by focusing attention on the Global South it changed the narrative of climate diplomacy, helping to pave the way for the loss and damage fund , the proceeds of which will ultimately bolster physical defences against climatechange. .
The UN ClimateChange Conference is only a few months away, and to say that expectations are high would be an understatement. She believed good progress was being made on Adaptation (the effort to secure protection for habitats and communities against the effects of climatechange). What are the big priorities for COP?
On Friday, incoming Chancellor Kwasi Kwarteng is due to outline further policy responses to high energy costs, including tax changes to pay for energy caps and boost economic growth. Friday’s ‘fiscal event’ is expected to explain how the government will pay for its pledges to protect users and utilities from sharply higher energy prices.
The 2-day event boasted high-level participation and valuable inputs from distinguished guests from all across the region. He also highlighted the importance of greeninvestments, which are at the baseline of green economic growth. For the full list of sessions please click here.
Her speech avoided any mention of climate concerns or Net Zero, a merciful omission, concluded The Guardian , but the reprieve from cuts could only be temporary, in its reading of events. These are urgent requirements which need clear and decisive action because of their immediacy. The pledge to increase defence spending to 2.5%
This article was first published in Forbes The election of President Trump and the establishment of an administration closely tied to the fossil fuel industry is, without doubt, a major setback for global efforts to combat climatechange. Climatechange is no longer a distant threat; it is a current reality.
As heat, storms and flooding rack the planet, the investment industry has been poked and prodded in the last decade into reallocating at least a portion of its assets to meet the opportunities and risks of the climate emergency. Eugene Ellmen writes on sustainable business and finance.
Companies are under pressure from their customers and investors to deal with climatechange. There is no denying that another Trump presidency will stall national efforts to tackle the climate crisis and protect the environment, but most U.S. There are also expectations for change on how the U.S.
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