insurance and climate change Archives

Global Financial Firms Risk $1 Trillion in Losses if Slow to Act on Climate Change

The world's financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate change and is hit by policy shifts such as the introduction of a carbon tax, a new ...

EU Mulls New Energy Taxes as Climate Change Countermeasure

The European Union is considering new energy taxes, including on the aviation sector, to meet its climate targets, top officials said on Friday, with Germany calling for "drastic steps" to reduce ...

Benefits Abound With Investments in Climate Change Adaptation

Investing $1.8 trillion between 2020 and 2030 in projects to help communities adapt to the worsening impacts of climate change could yield $7.1 trillion in economic benefits, according to a report ...

AXA Extends Climate Change Policy to Newly Acquired XL Division

AXA, France's biggest insurer, has extended its climate change policy to its recently acquired XL division, joining a growing list of European insurers that have taken action to help to tackle global ...