By Sustainable Brands New research shows that when companies disclose their environmental impact — and take meaningful action to mitigate it — they earn investor trust. The climate crisis is now being felt worldwide through more frequent and powerful extreme-weather events. Companies, particularly those in high-emission industries, are major contributors to global …
Will climate change make insurance too expensive?
By Insa Wrede, DW Extreme weather events influenced by climate change are causing ever greater destruction, forcing insurers to increase their premiums where they can. What does this mean for the future? “Basically, if there is more damage, someone has to pay for it,” said Ernst Rauch, a climate expert with Munich …
Canada’s parliament grills bank CEOs on climate policy in rare meeting
Reuters TORONTO, June 13 (Reuters) – The CEOs of Canada’s big five banks on Thursday reassured members of parliament about their commitment to fighting climate change, but said reducing funding for fossil fuel extraction would take time and more works need to be done to reach net zero emissions. In …
Can carbon offsets actually work? The Biden administration thinks so.
By Joseph Winters, Grist New guidelines aim to restore confidence in the controversial climate solution. On Tuesday, the Biden administration unveiled new guidelines on “responsible participation” in the voluntary carbon market, or VCM — the system that allows companies to say they’ve canceled out their greenhouse gas emissions through the …
Carbon pricing works, major meta-study finds
By Ulrich Von Lampe, Phys.Org Between 5 and 21% emission reductions: this is the empirically measured effect of carbon pricing systems in their first few years of operation. A research team now identifies these findings for 17 real-world climate policies around the globe, condensing the state of knowledge more comprehensively …
International Debt Is Strangling Developing Nations Vulnerable to Climate Change, a New Report Shows
By Katie Surma, Inside Climate News Many small island nations which contributed little to climate change now must borrow money to rebuild after climate-induced storms. The debt service they’re carrying hinders their ability to invest in new adaptive infrastructure before the next storms hit. Small island developing countries are increasingly …
By the Dawn’s Early Light: On the Fall of the Francis Scott Key Bridge
By Ellen Brown, Web of Debt The Baltimore bridge that collapsed on March 26th was named for Francis Scott Key, who wrote the lyrics to the American national anthem “The Star-Spangled Banner” in 1814. His inspiration was the British bombardment of Fort McHenry in the critical port of Baltimore during the War of 1812. …
South Carolina mulls mystery $1.8bn in account: ‘We don’t know why it’s there’
By Martin Pengelly, The Guardian Governor says officials don’t know how or when money materialised in state coffers, what it’s for, or if it’s even real. To put it mildly, the South Carolina state government faces an unusual problem: what to do about $1.8bn found in a state bank account when no …
Central banks use AI to assess climate-related risks
By Huw Jones, Reuters LONDON, March 19 (Reuters) – Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related financial risks, just as the volume of disclosures from banks and other companies is set to rise. The Bank for International …
New Rules Will Force U.S. Firms to Divulge Their Role in Warming the Planet
By Evan Halper and Maxine Joselow, Washington Post The Securities and Exchange Commission votes 3-2 to require companies to disclose their emissions and the climate risks they face Corporations will have to share key details about their role in driving climate change and the threat that warming poses to their …