Failure to rein in climate change and bolster sea defences could jeopardize up to a fifth of the world's economic output by the end of the century, as flooding threatens coastal countries worldwide, according to a study released on Thursday.
More investors are publicly backing a resolution to curb coal project lending that shareholders of Mizuho Financial Group are expected to consider this week, the first time such a step is to figure at the annual meeting of a Japanese listed company.
The world's financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate change and is hit by policy shifts such as the introduction of a carbon tax, a new report shows.
Credit Suisse, BNP Paribas and French public investment bank Bpifrance are the latest lenders to join an initiative to link provision of shipping finance to cuts in carbon dioxide emissions.
Climate change will be a key element in Canada's next federal budget, Canadian Finance Minister Bill Morneau said on Monday, as he kicked off public consultations on the spending bill.
In the wake of two years of devastating wildfires in California, Wall Street is incorporating a new risk metric when evaluating companies: climate resiliency.
