Category: Environment
Developing markets could benefit from new carbon credits markets, says UN
Developing markets could benefit from new flows of finance after delegates at COP29 agreed a new deal on the international carbon credits market.
C [...]
Why CBAM is no perfect fit for Africa’s just transition approach
The European Union (EU) carbon border adjustment mechanism (CBAM) is the latest in a long line of climate policy decisions that highlight discrepancie [...]
Global natural catastrophe insured losses exceed $102bn, warns Aon
In its Q3 Global Catastrophe Recap report, broker Aon has revealed that there were at least 280 notable global natural disaster events in the Q1-Q3 pe [...]
New disaster resilience vehicle from Lloyd’s launched with plans to expand to Africa
Lloyd’s of London has announced a pioneering disaster resilience vehicle with the United Nations Capital Development Fund (UNCDF) to deliver disaster [...]
Risk agency warns Gauteng’s water crisis will intensify without strategic action
Gauteng province, in South Africa, is facing a critical summer as Rand Water warns that the province’s water storage may soon be depleted. Considering [...]
Africa reinsurance market braces for surge in prices after US hurricanes
As the US deals with the aftermath of two back-to-back major hurricanes, the African reinsurance market is bracing for an unexpectedly tougher rei [...]
Floods in west Africa are a sign of things to come, warn climate experts
In the last few months, heavy rains have flooded every one of Chad's 23 provinces, burst a dam in northern Nigeria, damaged ancient buildings in Niger [...]
Blue Alliance and BNP Paribas launch an impact debt facility to support marine protected areas in the Global South
Blue Alliance Marine Protected Areas (BA) and BNP Paribas, through its impact investment team, have launched a blue finance facility, with Tanzania an [...]
Just 1.1% of total crisis financing from international development donors was arranged in advance in 2022
International development financing for PAF from donors fell in absolute volume terms from US$1.9-billion in 2021, to $852.2-million in 2022, amountin [...]
More than one-third of the global population at risk from flooding, warns Moody’s
Some 2.7-billion people – more than one-third of the global population – reside in areas vulnerable to inland or coastal flooding, according to a new [...]