An insurance crisis compounded by climate change threatens the broader economy
5 May 2025
One expert speaking at a forum on insurance and housing says climate change could soon mark a “death spiral” for the financial industry in parts of the country.
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Related Topics: Carbon News world Extreme weather Insurance
Red alerts issued over heatwave in Italy and Balkans
Today 11:45am
In Italy, 25 out of 27 cities from Bolzano in the north to Palermo on the island of Sicily are under a red heat warning.
New Delhi offers residents $1,000 to scrap old cars for EVs to curb air pollution
Today 11:45am
India's capital New Delhi will offer a cash incentive of over$1,000 to car owners willing to scrap their old vehicle for an EV, according to a new policy finalised by the government on Monday in a move aimed at reducing high levels of air pollution.
UN plastics pact talks restart amid fears production curbs will be left out
Today 11:45am
Diplomats reconvene a year after negotiations collapsed, but campaigners fear the agenda risks burying tricky discussions on key elements.
Tens of millions swelter as heatwave blasts US
Today 11:45am
Tens of millions of Americans sweltered under furnace-like temperatures Tuesday as central and eastern cities hunkered down for a heat wave set to last through the July 4 holiday weekend.
‘They want to destroy Corsia’: Brussels takes aim again at airline emissions
Today 11:45am
The European Commission is planning to shoot down the International Civil Aviation Organisation’s (ICAO) largely voluntary decarbonisation scheme, CORSIA, when it presents plans to overhaul the EU’s carbon pricing system, sources suggest.
When the right denies the true danger of heatwaves, ask yourself this: whose children’s lives is it willing to risk?
Today 11:45am
By George Monbiot | OPINION: The class politics of extreme heat are very real and very dangerous – but that doesn’t stop the billionaire press from peddling its agenda
World Bank to abandon goal to devote 45% of lending resources to climate change projects
Wed 1 Jul 2026
The World Bank Group said on Monday it will "retire" its previous goal to devote 45% of its annual lending resources to projects with climate co-benefits, but extend its longstanding Climate Change Action Plan that was due to expire on Tuesday.
US drives rise in global emissions as utilities turn back to coal, report shows
Wed 1 Jul 2026
The United States accounted for about a third of the rise in global carbon dioxide emissions in 2025, as higher gas prices pushed power producers back to coal, an Energy Institute report showed on Tuesday.
Six charts show how clean power was world’s largest source of new energy in 2025
Wed 1 Jul 2026
Clean power added more to global energy supplies than any other source in 2025, according to the latest Energy Institute statistical review of world energy.
EU to extend deforestation law to palm-derived chemicals
Wed 1 Jul 2026
The European Commission is preparing to expand the scope of the EU’s deforestation law to cover a wider range of palm-derived chemicals, according to a draft delegated act and an accompanying annex obtained by Euractiv.