Category: Environment
ICEA LION CEO welcomes geothermal insurance product for Kenya to boost green energy
After ICEA LION Group’s launch of a geothermal well output insurance product, which it describes as “a pioneering solution set to transform the green [...]
CFC launches debt financing insurance linked to climate change
Specialist insurer CFC has developed a ground-breaking insurance policy first deployed with Standard Chartered Bank.
In a first for both the insura [...]
Financial innovation needed to help Africa adapt to climate change, warns UN
The impact of global warming is costing African nations up to 5% of their economic output, the UN climate chief has warned.
According to Reuters, S [...]
Gas project exit sounds an ominous note for South Africa’s energy transition plan
The sudden and somewhat unexpected decision by TotalEnergies to withdraw from a consortium formed to explore the commercial development of block 11B/1 [...]
Malawi receives US$11.2-million insurance payout after drought
The government of Malawi has received an insurance payout of US$11.2-million, to support the country’s recovery from a devastating drought arising fro [...]
Cape floods highlight new norm of severe weather SA risk consultancy warns
Severe storms that have struck the Western Cape underscore the escalating severity and impact of such events, according to South Africa-based risk con [...]
ARC Ltd makes pay outs to Zambia and Zimbabwe
The governments of Zimbabwe and Zambia both recently received substantial payouts from ARC Ltd to help mitigate the impact of severe droughts sweeping [...]
The complex offsets in Africa’s energy transition
The difficulty in reconciling on-the-ground actions with global net-zero undertakings could have severe financial consequences for South Africa’s plan [...]
Africa needs more clarity on climate financing, London Climate Action Week told
Delegates at the London Climate Action Week have been told in no uncertain terms that there must be clarity and agreement on climate financing for eme [...]
Insurance will be needed to enable climate financing, stresses Howdens
More than half of the $19 trillion already committed to financing the climate transition through to 2030 will require additional insurance coverage, s [...]