Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Exclusive-Europe plans service to gauge climate change role in extreme weather
    Headlines

    Exclusive-Europe plans service to gauge climate change role in extreme weather

    Exclusive-Europe plans service to gauge climate change role in extreme weather

    Published by Global Banking and Finance Review

    Posted on November 20, 2025

    Featured image for article about Headlines

    By Alison Withers and Kate Abnett

    COPENHAGEN (Reuters) -The EU is launching a service to measure the role climate change is playing in extreme weather events like heatwaves and extreme rain, and experts say this could help governments set climate policy, improve financial risk assessments and provide evidence for use in lawsuits.

    Scientists with the EU's Copernicus Climate Change Service told Reuters the service can help governments in weighing the physical risks posed by worsening weather and setting policy in response. 

    "It's the demand of understanding when an extreme event happens, how is this related to climate change?" said the new service's technical lead, Freja Vamborg.

    The European Commission did not immediately respond to a Reuters request for comment.

    The service will perform attribution science, which involves running computer simulations of how weather systems might have behaved if people had never started pumping greenhouse gases into the air and then comparing those results with what is happening today.

    Funded for about 2.5 million euros over three years, Copernicus will publish results by the end of next year and offer two assessments a month - each within a week of an extreme weather event.

    For the first time, "there will be an attribution office operating constantly," said Carlo Buontempo, director of Copernicus Climate Change Service. 

    "Climate policy is unfortunately again a very polarized topic," said Friederike Otto, a climate scientist at Imperial College London who helped to pioneer the scientific approach but is not involved in the new EU service. 

    She welcomed the service's plans to partner with national weather services of EU members along with the UK Met and the Red Cross Red Crescent Climate Centre.

    "From that point of view, it also helps if the governments do it themselves and just see themselves really the evidence from their own weather services," Otto said. 

    RISK AND LIABILITY

    Some independent climate scientists and lawyers cheered the EU move. 

    "We want to have the most information available," said senior attorney Erika Lennon at the non-profit Center for International Environmental Law.

    "The more information we have about attribution science, the easier it will be for the most impacted to be able to successfully bring claims to courts."

    By calculating probabilities of climate change impacting weather patterns, the approach also helps insurance companies and others in the financial sector.

    In a way, "they're already using it" with in-house teams calculating probabilities for floods or storms, said environmental scientist Johan Rockstroem with the Potsdam Institute for Climate Impact Research.

    "Financial institutions understand risk and risk has to be quantified, and this is one way of quantifying," Rockstroem said.

    In litigation, attribution science is also being used already in calculating how much a country's or company's emissions may have contributed to climate-fuelled disasters.

    The International Court of Justice said in July that attribution science is legally viable for linking emissions with climate extremes - but it has yet to fully be tested in court. 

    A German court in May dismissed a Peruvian farmer's lawsuit against German utility RWE for emissions-driven warming causing Andean glaciers to thaw. The case had used attribution science in calculating the damage claim, but the court said the claim amount was too low to take the case forward.

    So "the court never got to discussing attribution science in detail and going into whether the climate models are good enough, and all of these complex and thorny questions," said Noah Walker-Crawford, a climate litigation researcher at the London School of Economics. 

    (Reporting by Ali Withers in Copenhagen and Kate Abnett in Belem, Brazil; Writing by Katy Daigle; Editing by David Gregorio)

    Related Posts
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Under Ukraine security guarantees, Western troops could repel Russian forces post-ceasefire, says Germany's Merz
    Under Ukraine security guarantees, Western troops could repel Russian forces post-ceasefire, says Germany's Merz
    Slovaks rally against government moves they see damaging rule of law
    Slovaks rally against government moves they see damaging rule of law
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    US threatens countermeasures after EU fine on Musk's X
    US threatens countermeasures after EU fine on Musk's X
    EU drops 2035 combustion engine ban as global EV shift faces reset
    EU drops 2035 combustion engine ban as global EV shift faces reset
    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says
    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    Campari's parent company settles tax dispute with 405 million euro payment
    Campari's parent company settles tax dispute with 405 million euro payment
    Universal offers to sell Downtown's Curve to win EU approval, source says
    Universal offers to sell Downtown's Curve to win EU approval, source says
    Reactions to European Commission proposal to reverse 2035 combustion engine ban
    Reactions to European Commission proposal to reverse 2035 combustion engine ban
    Italy's offshore wind push languishes, putting climate goals at risk
    Italy's offshore wind push languishes, putting climate goals at risk

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostJuventus raises nearly 98 million euros through capital hike
    Next Headlines PostItalian police seize fake 'Made in Italy' tomato puree

    More from Headlines

    Explore more articles in the Headlines category

    New Rome metro stations showcase ancient treasures after years of delays

    New Rome metro stations showcase ancient treasures after years of delays

    New Czech government signals tough stance on migration, EU emissions rules

    New Czech government signals tough stance on migration, EU emissions rules

    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 

    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 

    Zaporizhzhia nuclear plant running on single power line, Russia says

    Zaporizhzhia nuclear plant running on single power line, Russia says

    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say

    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    Germany wraps up Patriot air defence mission in Poland

    Germany wraps up Patriot air defence mission in Poland

    Bosnian police detain two officials over deadly retirement home fire

    Bosnian police detain two officials over deadly retirement home fire

    Explainer-Bondi Beach suspects travelled to Philippine region known for Islamist militancy

    Explainer-Bondi Beach suspects travelled to Philippine region known for Islamist militancy

    Family of Bondi hero in Syria says his home country is proud of him

    Family of Bondi hero in Syria says his home country is proud of him

    UK police charge two men with belonging to Hezbollah, attending terrorism training

    UK police charge two men with belonging to Hezbollah, attending terrorism training

    Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say

    Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say

    View All Headlines Posts