Worsening weather in a warming world poses a growing risk to the financial stability of insurance companies and has broad ramifications for the economy and society, according to a new report. more[...]
Over the past several months, extreme weather and climate events in the form of heat waves, droughts, fires, and flooding have seemed to become the norm rather than the exception. In the past half-year alone, millions of people have been affected across the globe – from Europe suffering from the worst cold snap in a quarter century; to extreme flooding in Australia, Brazil, China, and the Philippines; to drought in the Sahel. Records have been broken monthly in the continental United States, with the warmest spring and 12-month period experienced this year and severe fires and drought affecting large swaths of the country. more[...]
The Forum, a global gathering of CIF’s diverse stakeholders, will offer plenary and parallel sessions to explore ways to maximize CIF’s effectiveness. At the Forum, the AfDB will lead a session on “Enabling Environment as an Engine for Private Sector Contribution to Sustainable Development” on November 6 from 2:00-4:00 pm. The event features discussions on Legal and Regulatory Frameworks, Fiscal Risks and Incentives and Technical Capacity and Procurement Methods. more[...]
Climate cannot be insured. But some of its impacts can be, even in the case of the poor, who will suffer the most from the effects of global warming. Insurance against natural hazards is a risky business, and not always viable, particularly in the case of low-cost insurance aimed at impoverished people. But it can work. more[...]
The Foresight project Global Food and Farming Futures explores the increasing pressures on the global food system between now and 2050. The Report highlights the decisions that policy makers need to take today, and in the years ahead, to ensure that a global population rising to nine billion or more can be fed sustainably and equitably. more[...]
This report considers migration in the context of environmental change over the next 50 years. The scope of this report is international: it examines global migration trends, but also internal migration trends particularly within low-income countries, which are often more important in this context. more[...]
The increasing number of hurricanes, forest fires, and severe floods are just some of the examples of devastating natural events that can be attributed to climate change. Cooperating to mitigate climate change has never been more urgent. Economic considerations in the effort to cut greenhouse gas emissions are becoming ever-more important: In the Otto Group’s Climate Protection Strategy too, economic aspects play a key role. more[...]
The human race is facing one of its biggest challenges, and if ignored, it could potentially spiral out of control. Over the past century, the rising global population has triggered a massive growth in industry development, leading to a bottleneck effect where existing resources are disappearing and the challenge to discover new energy sources has become a top priority. According to the US Energy Information Administration, the world’s energy consumption has increased on average 1.4 percent every year since 1990. It is forecasted to continue, which will result in a 49 percent increase in energy consumption from now until 2035. more[...]
Air France is providing €5 million in financial backing for a large project to combat deforestation in Madagascar in partnership with the GoodPlanet Foundation in France and WWF. more[...]
Food security is the focus of this year’s World Water Week, the leading freshwater meeting currently underway in Stockholm. Because both food and energy are closely tied to internationally shared water resources, an important part of the conversation will be about turning competing demands for transboundary water resources into cooperation and sharing of benefits more[...]
Following increasing incidents of extreme weather events which disrupted business operations and supply chains around the world, climate change has climbed the boardroom agenda, according to the Carbon Disclosure Project (CDP) Global 500 Climate Change report released today. With the hottest US summer on record, fires in Russia and flooding in the UK, Japan and Thailand, among other events, 81% of reporting companies now identify physical risk from climate change, with 37% perceiving these risks as a real and present danger, up from 10% in 2010. more[...]
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