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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
A group of financial experts has set out their vision for hardwiring sustainability goals into the European Union’s financial system, calling on 28-country bloc to stop pouring public money into polluting fossil fuels and focus spending on clean energies instead.
The European Commission's High Level Expert Group on Sustainable Finance delivered its interim report today (13 July). Ingrid Holmes, one of the members of the group, explains how the financial system can help address long-term challenges such as climate change.
INTERVIEW / As the G20 opens in Hamburg this week, Europe needs to reflect on how it can push the global green finance agenda without the United States on board, said Christian Thimann, head of sustainability at French insurance group AXA who chairs an EU high-level group on sustainable finance.
The European Commission’s High-Level Group on sustainable finance is currently looking at the pros and cons of slapping “penalties” on fossil fuel assets that may end up being stranded as investors shift to low-carbon portfolios, Christian Thimann told EURACTIV in an exclusive interview.
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