An insurance crisis compounded by climate change threatens the broader economy
Mon 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.
Related Topics: Carbon News world Extreme weather Insurance

Landmark ruling should encourage more cities to ban fossil fuel ads, campaigners urge
Today 10:30am
A ban on fossil fuel adverts in The Hague has been upheld by a Dutch court, in an “historic ruling” that campaigners hope will embolden other cities to take action.

Justice Department sues Hawaii, Michigan, Vermont and New York over state climate actions
Today 10:30am
The U.S. Justice Department filed lawsuits against four states this week, claiming their climate actions conflict with federal authority and President Donald Trump’s energy dominance agenda.

Cost of emissions from five major Australian resource companies more than $900bn, study finds
Today 10:30am
US researchers link BHP, Rio Tinto, Santos, Whitehaven Coal and Woodside Energy to specific climate harms over three decades.

Who will finance global climate solutions? Not the West.
Today 10:30am
As the U.S. and Europe slash their development funding, Chinese president Xi Jinping vowed that his country “will not slow down its climate actions.”

World's largest '100 per cent electric' ship launched by Tasmanian builder Incat
Today 10:30am
At 130 metres long, Hull 096 is the largest electric vehicle of its kind ever built, with its maker Incat saying it represents a "giant leap forward in sustainable shipping".

Carbon capture company wins $5m to scale up
Today 10:30am
UNDO, founded by Jim Mann, won an Xprize competition offering cash prizes for projects that could combat climate change.

Australia’s centre-left Labor Party retains power in vote seen as test of anti-Trump sentiment
Mon 5 May 2025
Australia’s Prime Minister Anthony Albanese has secured a second term in office in a disastrous night for his conservative rivals, as voters chose stability over change against a backdrop of global turmoil inflicted by US President Donald Trump.

UK banks put £75bn into firms building climate-wrecking ‘carbon bombs’, study finds
Mon 5 May 2025
Britain is the key financial hub for destructive fossil fuel mega-projects, according to research.

New report sees corporate climate risk tripling by 2050
Mon 5 May 2025
Companies listed on the world's biggest stock exchanges have over $1 trillion at risk ahead in countries facing high climate vulnerabilities, a new analysis finds.