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Image by Paul Brennan from Pixabay

Fla. and La. must borrow millions to pay insurance claims

The Gulf Coast insurance crisis has hit a new low as two state-chartered insurance associations are being forced to borrow hundreds of millions of dollars for the first time in three decades to pay the hurricane claims of insolvent insurers.

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Photo by Michiel Ton on Unsplash

Hit by COVID and climate change, island states battle debt crisis

As the coronavirus pandemic compounds worsening economic pressures from climate change impacts, small island developing nations on Monday appealed for international financial support to help them avert a looming debt crisis.
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in.reuters.com

Mexico's Pemex tests limits of investor influence on climate change

At a time when oil production is at historic lows, lenders who want Mexican oil giant Pemex to adapt to climate change are struggling to be heard.
Exclusive: Germany eyes fiscal U-turn with new debt to finance climate plan
www.reuters.com

Exclusive: Germany eyes fiscal U-turn with new debt to finance climate plan

Germany is considering ditching its long-cherished balanced budget policy to help finance a costly climate protection program with new debt, a senior government official said.

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British wind power output hits record

British wind power output hits record

Power generation from Britain's wind farms hit a record 14.2 gigawatts on March 17, the National Grid said on Monday.

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India most vulnerable country to climate change - HSBC report

India most vulnerable country to climate change - HSBC report

India is the most vulnerable country to climate change, followed by Pakistan, the Philippines and Bangladesh, a ranking by HSBC showed on Monday.
Lawmakers question biggest UK pensions over climate change risks
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Lawmakers question biggest UK pensions over climate change risks

Britain's biggest pension funds have been asked by lawmakers to explain how they are managing the impact of climate change risks on their investments.
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