Who pays for climate change? The Peruvian suing a German utility

For several days at the end of May, an unusual collection of scientists, lawyers and judges from Europe could be found in the Peruvian Andes almost 5,000 metres above sea level, watching as a drone flew up to a huge, but shrinking, glacier. The setting was spectacular: the bright blue Lake Palcacocha sparkled in the … Read more

Climate change, poor planning: Decoding Assam’s mounting flood ferocity

Every year, around this time, life comes to a complete standstill in Assam, pounded by relentless rain and subsequent landslides and floods, the intensity of which have only been on the rise, leading to increased loss of lives and property. Experts have pointed out that floods in the two … Read more

Climate Change Driving Extreme Heat and Flooding in 2022: Report

Extreme weather events – from scorching heatwaves to unusually heavy downpours – have caused widespread upheaval across the globe this year, with thousands of people killed and millions more displaced. In the last three months, monsoon rains unleashed disastrous flooding in Bangladesh, and brutal heatwaves seared parts of South Asia and Europe. Meanwhile, prolonged drought … Read more

Aon Incorporates Climate Science Into European Flood Models

Insurance broker Aon has incorporate the latest climate science into its Impact Forecasting’s European flood models to help enable insurers to access more accurate loss estimates to help make better decisions for underwriting, reinsurance and regulatory requirements. The models are being enhanced through Aon’s ongoing collaboration with the Karlsruhe Institute of Technology (KIT), Aon said. … Read more

EU states agree deal to push for tougher climate measures

EU countries have struck a deal to pursue tougher climate policies despite fears among some member states that a rush to shore up energy supplies after Russia’s invasion of Ukraine would weaken Europe’s environmental ambitions. A ban on the sale of combustion engines by 2035, a phaseout of permits allowing polluting industries a certain amount … Read more

Like Bonnaroo Fest in Tenn, Outdoor Venues Facing Challenges with Climate Change

New You can now listen to Insurance Journal articles! Since its debut on a rural Tennessee farm two decades ago, the Bonnaroo Music and Arts Festival strived to be one of the country’s greenest music festivals, investing in recycling, composting, solar energy and other improvements. But last August Tennessee received the highest 24-hour rainfall ever … Read more

Gallagher Re Launches Climate Risk Resilience Practice, Led by World Bank’s Bavandi

Gallagher Re, the global reinsurance broker, announced it has launched a global practice focusing on public sector and climate resilience solutions, with responsibility for developing Gallagher Re’s core offering globally and driving profitability as well as developmental impact. Antoine Bavandi Antoine Bavandi has been appointed to the newly created role of global head of Public … Read more

California’s Sweeping Climate Plan Pleases Few

Heat waves and drought gripping California highlight the urgency to slash fossil fuel use and remove planet-warming emissions from the air, a top state official said during discussions of a new plan for the state to reach its climate goals. “I think every single Californian today knows that we’re living through a climate emergency,” said … Read more

India’s resolve for climate commitments evident from performance: PM to G7

Asserting that India’s dedication to climate commitments is evident from its performance, Prime Minister Narendra Modi on Monday hoped that rich countries of G-7 will support India’s efforts in combating climate change and invited them to tap the huge market for clean energy technologies emerging in the country. In … Read more

Global CEOs urge G7 leaders to step up climate action

Major global companies are pushing world leaders to step up action to tackle climate change at the G7 summit in Germany this weekend, calling for large-scale carbon pricing and measures to boost demand for clean technology. In an open letter ahead of the three-day gathering that begins on Sunday in the Bavarian resort of Schloss … Read more