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New Tool Calculates Climate Change Investment Risk

Climate change risk factors can now be calculated as investment risks with a tool launched by Bloomberg and Riskthinking.AI, a data and software company, the two firms announced. The tool assesses the physical risks posed to companies by climate change so that investors and advisors can take these factors into consideration when making investments, the […]

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Climate Change
Global News
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Shipping Industry Could Lose $10 Billion a Year Battling Climate Change by 2050

Severe drought has caused water levels in the Mississippi River to drop so low that ships have been running aground. To keep commerce flowing, the U.S. Army Corps of Engineers is now using a dredge ship to push out silt in the river near Vicksburg, Mississippi. The chief of navigation for the corps told local […]

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Climate Change
Environment
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‘We’re Losing Money to Climate Change’: Corporates Push for Fossil Fuels Phase-Out Ahead of COP28

A mixture of major multinational brands and smaller businesses has signed an open letter to world leaders in the run-up to the COP28 climate talks, calling for a full phase-out of fossil fuels. “Our businesses are feeling the impacts and cost of increasing extreme weather events resulting from climate change,” the group said in the open letter, […]

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Climate Change
Environment
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The Beetaloo Gas Field is a Climate Bomb. How Did CSIRO Modelling Make it Look Otherwise?

Even as Australia braces for a summer of projected extreme heatwaves and bushfires amid the intensifying climate crisis, the fossil gas industry is gearing up for a truly enormous new fracking project in the Northern Territory’s Beetaloo Basin. In February, a CSIRO-backed report was published, stating Beetaloo could be developed without adding to Australia’s net emissions. In […]

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Climate Change
Environment
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Assessment of Major Banks Shows Disclosure Gaps in Finance Directed Towards Climate Solutions

The Transition Pathway Initiative (TPI), in partnership with the Grantham Research Institute on Climate Change and the Environment, conducted a study “[t]racking progress with the TPI Net Zero Banking Assessment Framework.” As part of its assessment process, TPI used the Net Zero Baking Assessment Framework to evaluate banks’ progress in managing the low-carbon transition and mitigating the […]

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Climate Change
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Global News
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Climate Goals Reported Across Multiple Corporate Sources, Study Finds

The vast majority (96 percent) of companies publish voluntary climate goals, data or metrics in their sustainability or CSR report, though this data is also spread across eight other corporate sources, according to research from the Society for Corporate Governance and Persefoni. The company website is the next-most popular place to publish such information (59 percent), while […]

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Climate Change
Environment
Featured

China-Built CBD Project Promotes Sustainable Development in Egypt’s New Capital

The Central Business District (CBD) in Egypt’s new administrative capital is a model of sustainable development and a good example of friendly cooperation between China and Egypt, according to Chinese officials and Egyptian engineers. The project, constructed by China State Construction Engineering Corporation (CSCEC), has achieved the goal of sustainable development “in terms of environment […]

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