The global recession looks like good news for the climate: economic slowdown equals reduced man-made carbon emissions. If only it were that simple.
Economic crisis will mark the year 2009, but the worst risk is the failure of global governance systems, finds the World Economic Forum’s Global Risks report. Learn more about what could go wrong in 2009.
Governments around the world need to spend trillions on the next generation of energy, transport, and urban infrastructure to revive and modernize their economies. In the grip of recession, will they think green and spend wisely?
Insurance companies want to keep their premiums low. Philanthropy? No - good business sense. But natural disasters brought about by global climate change are threatening not only the lives and goods of the insured, but also the low-cost policies of the insurers.
Allianz has formed a unique partnership with the World Wide Fund for Nature (WWF). Allianz board member Joachim Faber explains the arrangement.
Responsibility for global warming is hard to pinpoint. Now the State of California is suing the automobile industry for emissions from its cars. The fundamental question is: Who should pay for the impacts of global warming?
Finding scapegoats for global warming is becoming harder as more companies call for mandatory limits on greenhouse gas emissions and climate-friendly government policies. Are these companies committed to slowing climate change, or is it just make-believe and so-called greenwashing?
According to a new report released by Allianz Group and the Worldwide Fund for Nature (WWF) USA, the insurance sector is only now beginning to recognize and adapt to the risks of costly floods, forest fires, and hurricanes that many scientists project will accompany climate change.
Otto Steinmetz, Chief Risk Officer of Dresdner Bank and head of the Expert Group on Climate at Allianz, speaks about new business areas, customer-oriented product packages, and climate protection goals.
"Climate change could turn out be a real impediment to the expansion of the insurance industry globally," says Evan Mills. We asked Dr. Mills how insurers worldwide are responding to climate change, and where the industry can do better.
