climate-change
Top StoriesFirefighters Scramble to Put Out Flames in Heatwave-Hit Portugal, Spain
BusinessAssessing the Credit Capacity of Small Businesses Based on Climate Change Factors
Top StoriesPortugal and Spain Swelter in Heatwave, Wildfire Risk Grows
Top StoriesFatty ‘katsuo’ Fish May Foreshadow Climate Change, Threat to Japan’s Sushi
Spain Swelters as Temperatures Reach 43C in Second Heatwave
Date: July 11, 2022
By Michael Francis Gore and Catherine MacDonald MADRID (Reuters) -Spaniards kept to the shade in parks, headed for the beach or sipped iced drinks to tackle stifling temperatures as high as 43C (110F), as the country experiences its second heatwave this year. Warm summer sunshine combined with a hot air front from North Africa have...
Rolls Royce, Edf Among Winners of UK Greenhouse Gas Removal Tech Funding
Date: July 8, 2022
By Susanna Twidale LONDON (Reuters) – Rolls Royce and EDF are among the winners of a total 54 million pounds ($65 million) of funding the British government announced on Friday to help research technology to remove greenhouse gasses from the atmosphere. Britain has said greenhouse gas removal technology will be essential to help it meet...
ECB Climate Stress Test Flags $71 Billion Risk to Euro Zone Banks
Date: July 8, 2022
By Francesco Canepa FRANKFURT (Reuters) -A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros ($71.1 billion) for the euro zone’s largest banks, the European Central Bank said on Friday. The ECB said the estimate in its first climate stress test significantly...
Trading Could Come Under Bank of England Climate Test Scrutiny
Date: July 8, 2022
By Huw Jones LONDON (Reuters) – Future Bank of England tests of how banks will cope with a net zero economy could focus on specific activities such as trading and also include individual results, a senior official said. In its first climate-related stress test, the central bank found insurers and banks such as HSBC, Lloyds,...
China Gears up for Disasters as Flood Season Enters ‘critical Period’
Date: July 8, 2022
BEIJING (Reuters) – All of China must prepare for potential disasters as this year’s flood season reaches a pivotal period, a government official warned on Friday, after months of torrential rains and floods, the worst for some in more than a century. China routinely faces heavy flooding during its summer, but record-breaking rain in some...
Banks Have to Help Drive Down Global Trade’s Carbon Emissions
Date: July 7, 2022
By Simon Ring, Global Head of Maritime Trade Technologies & ESG, Pole Star The trade finance sector knows it must play a major role in reducing the maritime industry’s almost three per cent annual contribution to global carbon emissions. Targets imposed by the International Maritime Organisation and the 2021 COP26 climate change conference last October...