Category: Environment
Insurer relationships changing because of evolving cat risks, warns S&P
Insurers are being forced to re-evaluate their relationships with each other and the world at large because of evolving natural catastrophe risks, acc [...]
Climate activists concerned COP29 going in wrong direction
The Africa Make Big Polluters Pay (MBPP) partners express deep concern regarding ongoing discussions surrounding Article 6 of the Paris Agreement, par [...]
COP29 attracts controversy and decision-making amid focus on insurance targets
The 2024 UN Climate Change Conference (COP29) in Baku, Azerbaijan, has attracted its fair share of controversy this year, with its local leaders being [...]
Two flood insurance products launched for Ghana in major collaborative effort
Two parametric flooding policies have been launched in the Ghana market in response to the increasing flood risk and limited financial protection.
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Oil giant Shell wins appeal, after earlier ruling insists it cuts carbon emissions by 45%
Oil giant Shell has won a landmark case in the Dutch courts, overturning an earlier ruling requiring it to cut its carbon emissions by 45%.
Last ye [...]
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 [...]