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UK govt kicks into gear £100 mln fusion energy investment
Climate crisis on track to destroy capitalism, warns top insurer
Action urgently needed to save the conditions under which markets – and civilisation itself – can operate, says senior Allianz figure
The climate crisis is on track to destroy capitalism, a top insurer has warned, with the vast cost of extreme weather impacts leaving the financial sector unable to operate.
The world is fast approaching temperature levels where insurers will no longer be able to offer cover for many climate risks, said Günther Thallinger, on the board of Allianz SE, one of the world’s biggest insurance companies. He said that without insurance, which is already being pulled in some places, many other financial services become unviable, from mortgages to investments.
Continue reading...Pension investor launches environmental market fund with £500-mln target
Tiny town swamped as flood waters the size of NSW inundate western Queensland
Entire population of Thargomindah forced to flee homes as levee breaks and record water levels of 1974 flood eclipsed
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At first, the levee bank held firm as the flood waters came.
Locals had tirelessly constructed the dirt wall, building on areas where the last major flood had approached the south-west Queensland town.
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Continue reading...Good news, beach lovers: our research found 39% less plastic waste around Australian coastal cities than a decade ago
Conservation body awarded contract to develop Nature Repair Market method
Record low for new coal, but retirements must speed up to meet climate commitments, report says
Coal-to-gas switching in Asia difficult to prove, Woodside CEO says
What Donald Trump’s dramatic US trade war means for global climate action
Environmental markets non-profit names new head
Victoria needs at least another 2 GW of committed capacity before next coal closure, says state energy chief
The post Victoria needs at least another 2 GW of committed capacity before next coal closure, says state energy chief appeared first on RenewEconomy.
Why Trump’s tariffs shock could be good for Australia’s green energy transition
The post Why Trump’s tariffs shock could be good for Australia’s green energy transition appeared first on RenewEconomy.
Asian financial firms staying the course on climate, but report pushes for greater ambition
North American Clean Fuels Markets: Evolving regulatory, political landscape drives credit price shifts
High network tariffs threaten Europe’s decarbonisation
Canada could lead data centre development by balancing natural gas and CCS, experts say
Labor will announce home battery rebate in “coming days,” says federal treasurer
The post Labor will announce home battery rebate in “coming days,” says federal treasurer appeared first on RenewEconomy.