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IFC's Diop calls for more climate financing for emerging markets

Climate change is "the greatest commercial opportunity" facing the world, but more needs to be done to boost private sector investment in developing markets, an International Finance Corporation executive has said.

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Centrica, Nestle, Swatch among companies exposed to physical climate risks-investors

Centrica, Nestle, Swatch among companies exposed to physical climate risks-investors

European energy firms Centrica and Galp, food group Nestle and watchmaker Swatch are among 50 companies worldwide that are highly exposed to physical climate risks, investors with $10 trillion in assets say.

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New Zealand introduces climate change law for financial firms in world first

New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw says.

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Cost of flood damage to U.S. homes will increase by 61% in 30 years

Rising sea levels and extreme weather could cause $20 billion of flood damage to at-risk U.S. homes this year, rising to $32 billion by 2051, according to research from New York-based flood research non-profit First Street Foundation.

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Trade feuds will take on a new, green hue

Trade feuds will take on a different hue after the departure of Donald Trump. Slapping tariffs on countries out of the blue isn’t U.S. President-elect Joe Biden’s style. But his determination to fight climate change could emerge as a new source of commerce tensions.
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Britain hardens climate disclosures for listed companies

Companies listed on the London Stock Exchange will have to improve disclosures on the risks they are facing from climate change from January, Britain's financial watchdog said on Monday.

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