Lloyd’s market to quit fossil fuel insurance by 2030
The world’s biggest insurance market will stop new insurance for coal, oil sands and Arctic energy projects by 2022 and pull out of the business altogether by 2030.
The climate crisis demands action — and action is happening. This archive tracks real progress: policy wins, clean-energy milestones, community resilience, and scientific advances that show meaningful change is possible. Stories here come from every corner of the world.
The world’s biggest insurance market will stop new insurance for coal, oil sands and Arctic energy projects by 2022 and pull out of the business altogether by 2030.
The deal was reached after the EU agreed on a $2.2 trillion budget Thursday evening that includes funds for transitioning away from fossil fuels.
Carbon dioxide emissions in 2020 fell by 7%, the biggest drop ever, the Global Carbon Project said in its annual assessment.
The massive pension fund’s financial portfolio is worth $226 billion. The new plan is to sell off the riskiest gas and oil stocks and be completely divested from fossil fuels by 2025.
For perspective, that is almost as much solar as is currently installed in the entire United States.
According to a new report, the U.S. secondhand clothing market will more than triple in the next 10 years – from $28b in 2019 to $80b in 2029. In 2019, secondhand clothing expanded 21 times faster than conventional apparel retail did.
According to the Washington Post, the Danish Parliament voted on December 3 to end offshore gas and oil extraction, which had started in 1972 and made the country the largest producer in the European Union. The Danish government says it is “now putting an end to the fossil fuel era.”
In November, San Francisco’s Board of Supervisors voted to ban natural gas in new buildings. On December 2, Oakland’s city council did the same. Now Seattle Mayor Durkan announced a proposal to ban natural gas in new commercial and large multi-family construction for space and most water heating.
The Singapore Food Agency (SFA) has declared that the U.S.-based company Eat Just can sell its cultured “chicken bites” in the country, The Guardian reported Wednesday.
Dozens of Native nations and tribal institutions in the United States have designed climate change plans that include formal strategies and initiatives to increase the resiliency of their communities.