Climate Risks

Australia gives green light to offshore wind farms

Offshore wind farms are to be permitted for the first time in Australia

Senate climate change bill “making history”

In a move which could yet prove pivotal in the battle against climate change, the US Senate has approved the Inflation Reduction Act, allocating $369bn to reducing greenhouse gas emissions and investing in renewable energy sources

France tweaks nuclear rules as heatwave continues

France’s nuclear power regulator has extended temporary waivers allowing five power stations to continue discharging hot water into rivers

UK regulators find serial climate disclosure failings

A number of UK companies have failed to match their climate disclosure rhetoric to reality, according to major reviews by the Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC)

Severe Kentucky flooding could become more common

The recent devastating floods that hit eastern Kentucky and south-west Virginia in the final days of July 2022, killing at least 33 people, could become a more frequent event, according to experts

Switzerland develops underground hydroelectric power

Switzerland has developed an underground hydroelectric power plant that says it has capacity to store enough electricity to charge 400,000 car batteries simultaneously