Capital spending on physical assets for energy and land-use systems will have to increase by 60% to around $9trn (£5.7trn) every year to deliver net-zero emissions across the global economy by 2050.
Three insurance companies have been accused of insuring the majority of Brazil’s offshore oil and gas drilling, despite their public commitments to help tackle climate change.
Storms, floods, wildfires and earthquakes destroyed assets worth $280bn (£206bn) last year, which is a third more than the $210bn of losses recorded in 2020, Munich Re has revealed.
The UK government has published its third climate change risk assessment, which highlights eight individual threats posed to the economy by rising temperatures.
UK investors are failing to prioritise sustainable and environmental, social and governance (ESG) investments despite the recent COP26 summit and the government’s climate policy, according to a survey by forex broker HYCM.
The COP26 climate summit achieved more than some expected, but less than was required. Chris Seekings reports on the challenges and opportunities for the actuarial profession
Professor Jørgen Randers talks to Chris Seekings almost 50 years after the publication of his report The Limits to Growth, and outlines what we can expect for the world during the next half-century
