HSBC suspends sustainable investing chief over climate change comments May 22, 2022 Bosses at HSBC have scrambled to distance themselves from the firm’s sustainable investing chief after he questioned the need for investors to worry about climate change and asked “who cares if Miami is six metres under water in 100 years?”
Insurers suffer impacts of climate change as costs of natural catastrophes triple May 18, 2022 Insurers are now suffering 3.6 times more losses from natural catastrophes than they were three decades ago, according to new research, which suggests insurance companies are being hit by the impacts of climate change. Natural catastrophe events are costing insurers around the world 250 per cent more than they were 30 years ago, due to [...]
“An atlas of human suffering”: IPCC climate change update March 11, 2022 “Code red for humanity” warned headlines around the world in August last year, quoting UN Secretary-General António Guterres when the Intergovernmental Panel on Climate Change published part one of its assessment report. That concluded that warming of 1.5°C above pre-industrial levels will be reached by 2040. Part two issued this week makes even graver reading. [...]
UN report: The world is unprepared for the impacts of climate change February 28, 2022 The world is unprepared for the impacts of climate change, a new UN report has warned, as finance for adaptation “woefully” trails finance for mitigating its worst effects. Weather and climate extremes have already begun causing economic and societal impacts through supply-chains, markets, and flows of natural resources, the report by the Intergovernmental Panel on [...]
How can the blockchain help tackle climate change? February 1, 2022 When you think of all the use cases for blockchain technology, solving the existential threat that is climate change is probably not one of them. If anything, crypto has had to play defence in 2021 when it comes to environmental issues, as big questions have been posed about the industry’s energy consumption and sustainability. Well, [...]
Unchecked climate change to drive up coffee prices January 31, 2022 Climate change could destroy half of the world’s prime coffee growing land, according to Swiss scientists, which will push up prices for caffeine cravers. The study published last week, which looked at how a moderate climate increase would impact the harvest of coffee, cashews and avocados, found that the world’s largest coffee producer – Brazil [...]
Shell urges shareholders to reject activist calls for more stringent climate change targets April 21, 2022 Shell has called on investors to rejects calls from activists to ramp up its environmental targets, ahead of its annual general meeting next month.
Global Citizen to launch six sustainability funds in funding boost against climate change April 18, 2022 Charity Global Citizen, which seeks to end poverty worldwide, has tabled plans for six sustainability funds of up to $1bn. The non-profit aims to answer the age-old funding question surrounding tackling climate change and biodiversity concerns, as lower-income countries struggle to meet the United Nations 2030 Sustainable Development Goals. The charity, which partners with Citi, [...]
Could global cities be the cause of, and solution to, climate change? December 14, 2021 Homer Simpson once famously said: “here’s to alcohol: the cause of, and solution to, all of life’s problems”. To paraphrase Springfield’s most famous resident, we could say a similar thing about big cities and climate change. Big cities are often seen as part of the problem regarding climate change, responsible for high levels of greenhouse gas [...]
City banks and insurers will book £330bn climate change loss without action to control impact May 24, 2022 The City could lose as much as £330bn over the next three decades if the UK fails to tackle climate change, the Bank of England said today. Firms will struggle to pay back loans due to costs swelling as a result of higher carbon prices, according to conclusions drawn by the Bank from its first [...]