Quantcast
Environmental News for a Healthier Planet and Life

The Insurance Costs of Carbon Pollution

Climate
The Insurance Costs of Carbon Pollution

The Climate Reality Project

By Avery Palmer

Houses lie in ruins on the New Jersey shore in the aftermath of Hurricane Sandy.
Photo courtesy of Greenpeace

Insurance is there to help all of us cover the cost of the unfortunate, the unforeseen, and the inevitable: cars kissing bumpers, trees falling on roofs, superstorms laying waste to neighborhoods.

With extreme weather events from droughts to wildfires becoming an increasingly regular feature of our lives, most of us assume the insurance industry is developing long-term strategies to prepare for the impacts of climate change. After all, if the insurance we rely on isn’t there to help cover the costs, then who will?

But a groundbreaking new study by Ceres, a global advocate for sustainability in leadership whose Investor Network on Climate Risk manages $11 trillion in assets, reveals that most insurers aren’t preparing for climate change at all.

Climate Reality CEO Maggie L. Fox recently sat down with the authors of the report to discuss the costs of climate change and what it means for the insurance industry, our economy and citizens. This is a timely and important issue, and we hope you will take time to learn more.

Take a moment and watch this webinar with Fox, Ceres CEO Mindy Lubber and Senior Manager Sharlene Leurig about the insurance industry and the price of carbon.

Visit EcoWatch’s CLIMATE CHANGE page for more related news on this topic.

——–

Click here to tell Congress to Expedite Renewable Energy.

 

Pexels

By Jessica Corbett

A new study is shedding light on just how much ice could be lost around Antarctica if the international community fails to urgently rein in planet-heating emissions, bolstering arguments for bolder climate policies.

The study, published Thursday in the journal Geophysical Research Letters, found that over a third of the area of all Antarctic ice shelves — including 67% of area on the Antarctic Peninsula — could be at risk of collapsing if global temperatures soar to 4°C above pre-industrial levels.

Read More Show Less
EcoWatch Daily Newsletter
Valley of the Gods in the heart of Bears Ears National Monument. Mint Images / Getty Images

By Sharon Buccino

This week, Secretary Haaland chose a visit to Bears Ears National Monument as her first trip as Interior Secretary. She is spending three days in Bluff, Utah, a small town just outside the monument, listening to representatives of the five tribes who first proposed its designation to President Obama in 2015. This is the same town where former Secretary Sally Jewell spent several hours at a public hearing in July 2016 before recommending the monument's designation to President Obama.

Read More Show Less
Trending
Pexels

By Anthony Richardson, Chhaya Chaudhary, David Schoeman, and Mark John Costello

The tropical water at the equator is renowned for having the richest diversity of marine life on Earth, with vibrant coral reefs and large aggregations of tunas, sea turtles, manta rays and whale sharks. The number of marine species naturally tapers off as you head towards the poles.

Read More Show Less
"Secrets of the Whales" is a new series that will start streaming on Disney+ on Earth Day. Disney+

In celebration of Earth Day, a star-studded cast is giving fans a rare glimpse into the secret lives of some of the planet's most majestic animals: whales. In "Secrets of the Whales," a four-part documentary series by renowned National Geographic Photographer and Explorer Brian Skerry and Executive Producer James Cameron, viewers plunge deep into the lives and worlds of five different whale species.

Read More Show Less
Spring is an excellent time to begin bird watching in earnest. Eugenio Marongiu / Cultura / Getty Images

The coronavirus has isolated many of us in our homes this year. We've been forced to slow down a little, maybe looking out our windows, becoming more in tune with the rhythms of our yards. Perhaps we've begun to notice more, like the birds hopping around in the bushes out back, wondering (maybe for the first time) what they are.

Read More Show Less