Category: Environment
Regional insurance pools come together at COP27 to manage climate change related risks
Strengthening the reach and impact of the world’s risk pools is the key objective of a Memorandum of Understanding between African Risk Capacity Limit [...]
Droughts, floods and pandemic illustrate the protection dividend from parametric insurance solutions
Drought in the Horn of Africa during 2021 and 2022 and severe flooding in South Africa (in April 2022) and Nigeria (in October 2022) illustrate the im [...]
Progress on energy transition stutters at COP27, but Africa set to benefit from latest initiatives
It is not only climate change and the need to transition quickly to net zero that are placing demands on the energy sector, insurers and governments, [...]
Africa is at the epicentre of the climate crisis, warns Allianz in a new report
The green energy transition is a once-in-a-lifetime opportunity for African development, a chance to reduce poverty and lift growth potential, accordi [...]
Six African public finance institutions called out on fossil fuel investments at COP27
Six public finance institutions (PFIs) are failing to disclose measurable targets for reducing greenhouse gas emissions in line with the Paris Agreeme [...]
World Bank launches Global Shield to bring together climate change adaptation financing
The World Bank Group has announced a Global Shield Financing Facility to help developing countries access more financing for recovery from natural dis [...]
Finance sector pressed for credible transition plans at COP27, as more warn on greenwashing
The World Leaders Summit is now over. The rest of the COP27 proceedings are based around days themed on key negotiation topics, starting with finance. [...]
While the world talks coal and climate in Egypt, companies need to think beyond the rhetoric
As South Africa’s energy crisis persists, stirring national frustration and rattling business owners, Eskom has announced its plan to spend a whopping [...]
Transition from fossil to renewable fuels must be balanced, says Africa Energy Chamber
Vilifying fossil fuels seems to come easily to many people these days. That includes UN Secretary General António Guterres, who recently associated th [...]
Suez Canal under threat from climate change, warns Marsh
The future of some of the world’s most important shipping lanes – including the Suez Canals and other sea-facing port and terminal infrastructure – co [...]