About: climate risk

Climate change 25-02-2021

EU unveils data-driven climate adaptation strategy, drawing green criticism

More and better data is needed to improve knowledge of how to adapt to climate change, according to the European Commission's new adaptation strategy, which immediately came under fire from green activists for missing binding targets.

Europe’s adaptation strategy to tackle human cost of climate change

The EU's climate adaptation strategy, due to be unveiled on Wednesday (24 February), will aim to tackle the human cost of climate change, both within Europe and around the world, amid calls from trade unions to reinforce protection for the most exposed workers.
Economy & Jobs 27-01-2021

Europe strongly impacted by extreme weather, says new Climate Risk Index

The Berlin-based think tank Germanwatch published its Climate Risk Index for this year just in time for the virtual Climate Adaption Summit (CAS2021). The Global South tends to suffer more from extreme weather than the North, but Germany is also been among the 20 most severely affected countries worldwide over the past 20 years.

European Central Bank sets up climate team, considers green bonds

Climate change will be key to the review of the European Central Bank's policy, its president, Christine Lagarde, announced on Monday (25 January), marking a possible shift towards 'greener' monetary policy.

While coal premiums soar, insurance groups still supports oil and gas

Insurance companies have accelerated their withdrawal from coal this year, making it costlier to secure insurance for new projects. However, the insurance industry is still underwriting oil and gas companies, according to new research.

Insurers call for more proactive EU climate change adaptation plans

The European Union's strategy to adapt to the risks of climate change needs to be much more proactive and ambitious in order to reduce the risk of natural disasters such as flooding, insurers said in response to a consultation on the issue.

Europe plans to harness ‘power of data’ in support of Green Deal

The EU Green Deal “needs digitalisation as an enabler for decarbonisation” in all sectors of the economy, including transport and energy, the European Commission says in a draft policy document, seen by EURACTIV.

French financial sector poorly accounts for climate risks, says Bank of France

In a note published on Friday (25 October), the Bank of France noted that the risks associated with climate change are taken into account in a "partial and heterogeneous" manner by France's financial institutions. EURACTIV's partner La Tribune reports. 

Cost-benefit analysis does not work well for wicked problems like climate change

What is the monetary value of being able to breathe in Beijing or New Delhi without discomfort? Beyond the simple numerical challenges, cost-benefit analysis has an inherent ethical blind spot, writes Kevin Noone.
Climate change 07-06-2019

When climate action means better roads

The European Investment Bank is stepping up its climate adaption projects in developing countries, and that means building roads and infrastructure that can better cope with natural disasters, write Luca Lazzaroli and Léon Faber.

A new European agenda for climate resilience

As the 2019 EU elections loom and a new European Commission takes office, climate action can become a key driver of a reformed EU project for more solidarity, protection and innovation, writes Luca Bergamaschi.

Europe urged to bolster defences against climate, cyber risks

Nations across the globe should step up preparations against global risks such as climate change and cyber attacks, EU officials say, as these areas remain the most pressing for global experts surveyed ahead of this year's World Economic Forum (WEF) taking place in Davos next week.

Banks pressed to evaluate risks linked to ‘natural capital’

While the assessment of financial risks caused by climate change – like floods and storms – is becoming more widespread in the financial community, the evaluation of broader environmental risks like deforestation or ocean pollution is still a major blank spot for bankers.
Climate change 14-12-2018

Climate change is a problem of politics, not science

The scientific, economic and social arguments for aggressive action on climate change are powerful. Our political leaders are now at a fork in the road and our children and grandchildren are watching, write Valérie Masson-Delmotte and Jiang Kejun.

‘Loss and Damage’ emerges as crunch item at COP24

There is still no clear picture in Katowice on how to provide a readily available funding mechanism for developing countries affected by extreme weather events.

Green transition: ECB and budgetary authorities should face their responsibilities

Reforming the rules for coordinating budgetary and economic policies in the eurozone is a necessity to conciliate economic, social and climate objectives, write Olivier Bodin and Michael Vincent.
Climate change 10-12-2018

Climate change and development aid: The economic case for prevention

Climate change affects developing countries more heavily, with broad impacts on the environment and the economy, insurers say, highlighting the need to act before damage is done.
Energy 12-11-2018

European oil majors better prepared for energy transition than US, Chinese counterparts

Oil majors are “lagging” when it comes to preparing for the low-carbon energy transition, according to a new report from financial watchdog CDP, which nonetheless praised BP, Eni, Equinor, Total, Repsol and Shell for taking the industry’s lead.

‘Risk data hub’ to enhance EU resilience to climate hazards

The European Commission is preparing to launch a “risk data hub” in the coming months that will help map out loss and damage from natural disasters such as floods, droughts, storms and other extreme weather events that are becoming more frequent with climate change.

World’s pension funds vulnerable to climate risks, study reveals

87% of assets managed by the world’s 100 largest public pension funds are yet to undergo formal climate risk assessment, according to research published on Tuesday (23 October), with only 15% of them adopting a coal exclusion policy.

CDP boss: ‘Companies or sectors may face liability risks on climate change’

Private investors need to come clean and commit to science-based targets on climate change, says Paul Simpson. Unfortunately, “there is still money out there for the dirty investments in the short term,” he laments, calling on regulators to take action against opaque finance.

Over 100 corporate giants align with UN climate goals

L'Oreal and Electrolux today (17 April) joined the likes of McDonald’s and Sony in aligning their emission goals with the 2°C target of the Paris Agreement on climate change.
Climate change 03-11-2017

Climate change already bringing disease, air pollution and heatwaves

The health of hundreds of millions of people around the world is already being damaged by climate change, a major report has revealed. EURACTIV's media partner The Guardian reports.

Sustainable finance requires a change in incentives

Hurricane Harvey’s trail of carnage through Houston, the oil capital of the US, was a stark reminder of the effect that climate change can have on our economy, writes Peter Blom.
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