Category: Environment
Signatories to Nairobi Declaration pledge to underwrite $14bn climate risks to ensure sustainability
The Signatories of the Nairobi Declaration on Sustainable Insurance have pledged to set-up Africa Climate Risk Facility to underwrite $14bn climate ri [...]
Tanzanian insurers launch consortium to keep oil and gas capacity in country
A consortium of 22 insurance companies in Tanzania is to provide cover for significant oil and gas projects, including the US$30 billion Lindi’s Lique [...]
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 [...]