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$10trn asset owner alliance urges blended climate finance push

The UN-convened Net Zero Asset Owner Alliance (NZAOA) has urged development finance institutions (DFIs) to better use public-private finance partnerships...

Insurance giants form Net-Zero Insurance Alliance

Banks with $29trn in assets pledge to set 2050 'net zero' targets

A group of banks with about $28.5 trillion in assets has joined a UN-convened 'Net Zero Banking Alliance', and in doing so pledged to "align operational and attributable emissions from their portfolios with pathways to net-zero by 2050 or sooner".

Don't wait for regulation to act on climate, EC director tells insurers

While insurers want policy makers' help to tackle climate change, they have been told not to wait for regulation to act. Meanwhile, climate activists have urged regulators and legislators to step in, as they have no confidence in the industry's ambitions

$5trn of investors set 'unprecedented' 1.5°C emissions target

Some of the world's largest investors, with a combined $5 trillion in assets, have pledged to implement deep greenhouse gas (GHG) emissions reductions in their portfolios over the next five years, putting them on course to help limit global warming to 1.5°C.

Climate change could be "much worse" than Covid-19

Climate change risks being "much worse and more difficult" than Covid-19, Munich Re's chief executive for reinsurance, Torsten Jeworrek, has warned.

Climate change could be "much worse" than Covid-19

Munich Re's reinsurance CEO says climate change has been under the radar because of the pandemic

100 EU Taxonomy-eligible firms identified by Morgan Stanley

Morgan Stanley has identified 100 listed European companies which it believes generate revenues eligible under the EU Taxonomy, but said data limitations constrain fuller assessment

Insurers' oil and gas activities to be next under spotlight

Re/insurers around the world should limit their support for oil and gas projects and have until mid-September to explain the measures they are taking to reduce exposure to the sector, according to environmental NGOs.

NOAA warns of busy 2020 hurricane season

An above-normal Atlantic hurricane season is forecast for 2020, the US National Oceanic and Atmospheric Administration (NOAA) has warned.