* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, June 7, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Apple Watch and the future of wearable technology in healthcare – MSN

    Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

    ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

    Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

    Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

    Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Apple Watch and the future of wearable technology in healthcare – MSN

    Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

    ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

    Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

    Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

    Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Exclusive-Insurers look to ease UN climate alliance rules after member exodus

July 4, 2023
in Business
Exclusive-Insurers look to ease UN climate alliance rules after member exodus
Share on FacebookShare on Twitter

Exclusive-Insurers look to ease UN climate alliance rules after member exodus - sources
© Reuters. FILE PHOTO: Smoke and steam billow from Belchatow Power Station, Europe’s largest coal-fired power plant powered by lignite, in Zlobnica, Poland October 20, 2022. REUTERS/Kuba Stezycki/File Photo

By Tommy Wilkes

LONDON (Reuters) -The remaining insurers in a United Nations-backed coalition aimed at tackling climate change are poised to loosen the alliance’s membership requirements, after a recent exodus of members, according to two people familiar with the discussions. The U.N.-convened Net-Zero Insurance Alliance (NZIA) is set to remove a six-month deadline for members to publish greenhouse gas emissions targets alongside other changes to make membership less prescriptive, the sources said.

The hope is to “steady the ship” and create space for ex-members to consider returning later, they said. The NZIA has lost more than half its members including AXA, Lloyd’s of London and Tokio Marine since attorneys general from 23 Republican-run U.S. states sent a May 15 letter seeking information about insurers’ membership and threatening legal action.

The attorneys general said the NZIA’s requirements for members to publish and meet greenhouse gas emission-reduction targets appeared to violate antitrust laws, and that the alliance’s actions had pushed up insurance and other costs for consumers. Launched in 2021 to drive insurers’ efforts to hit zero emissions on a net basis by 2050 in their underwriting portfolios, the NZIA is one of several industry coalitions under the Glasgow Financial Alliance for Net Zero (GFANZ) umbrella group.

The NZIA now has 12 members, down from a peak of 30. Other GFANZ alliances have also faced U.S. political pressure but have not seen many members leave.

CONCERN FROM CAMPAIGNERS The NZIA’s ‘target-setting protocol’ published in January required insurers to publish their initial 2030 targets for reducing emissions by end-July, or within six months of joining for newer entrants, and then report their progress against the targets annually. But remaining members, among them Britain’s Aviva (LON:), Italy’s Generali (BIT:) and South Korea’s Shinhan Life, want to avoid insurers publishing targets simultaneously, which could invite fresh accusations of anti-competitive collaboration, the first source said, speaking on condition of anonymity because of the sensitivity of the matter.

An NZIA spokesperson declined to comment.

The potential for looser rules was met with concern by environmental campaigners, who say insurers are already doing too little to curb emissions and that aggressive collective action is needed.

“The NZIA has had very minimal requirements and expectations of membership from the start,” said Peter Bosshard, coordinator of the Insure our Future campaign.

The alliance, Bosshard said, developed less stringent requirements – such as not restricting fossil fuel underwriting – than another investor coalition, the Net Zero Asset Owners Alliance, precisely to avoid accusations it was breaching anti-trust laws.

“The target-setting is the only thing left,” he added. Without such requirements “the NZIA would just become another industry talking shop”.

Other proposals being discussed include making the alliance a broader forum where insurance industry bodies participate in areas like target-setting best practice, the first source said.

The changes under discussion have not been finalised, the sources said, and it’s not clear how the alliance would deal with insurers that drag their feet in publishing targets.

U.S. EXPOSURE

Insurers inside and outside the NZIA say they remain committed to their net-zero pledges despite the backlash in the United States.

They are convinced they are not violating antitrust rules, but companies departing the coalition were concerned about their exposure to regulatory and litigation risks, given U.S. states are the industry’s primary regulator. Insurers with little U.S. exposure have also been quitting, threatening the alliance’s viability.

Insurance Australia Group declined to explain its exit last month. Canada’s Beneva said the U.S. political debate around environmental, social and governance (ESG) criteria was “a distraction from the actions around which the company wishes to rally”.

Remaining members believe the NZIA still has a valuable role, and point to methodologies it developed for assessing and reporting on underwriting-linked emissions. France’s AXA, which chaired the NZIA before quitting in May, last week published its first emissions goals for its insurance portfolio.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Investing.com – https://www.investing.com/news/economy/exclusiveinsurers-look-to-ease-un-climate-alliance-rules-after-member-exodus–sources-3119374

Tags: businessclimateExclusive-Insurers
Previous Post

Ireland to hike core government spending by 6.1% in 2024

Next Post

In Kremlin stunt, Putin and girl, 8, lobby minister for budget funds

Groundbreaking study maps the movements of marine megafauna – EurekAlert!

Revolutionary Research Unveils the Migrations of Marine Megafauna

June 7, 2025
The science behind having perfect lake days – wtol.com

Unlocking the Secrets to Your Perfect Lake Day!

June 7, 2025
For both artists and scientists, slow looking allows surprising connections to surface – The Conversation

Unlocking Creativity: How Slow Looking Sparks Unexpected Connections for Artists and Scientists

June 7, 2025
Less colorful, more meaningful: Sean O’Malley thinks lifestyle changes key to reclaim UFC gold – MMA Junkie

Sean O’Malley: Embracing Lifestyle Changes to Reclaim UFC Gold

June 7, 2025
World Cup qualifying: Haaland leads Norway to its first win vs. Italy in 25 years – FOX Sports

Historic Victory: Haaland Guides Norway to First Win Over Italy in 25 Years!

June 7, 2025
City of Albertville Breaks Ground on Alleyway Entertainment Venue – WHNT.com

Albertville Unveils Exciting New Alleyway Entertainment Venue!

June 7, 2025
Eliminating Waste, Fraud, and Abuse in Medicaid – The White House (.gov)

Eliminating Waste, Fraud, and Abuse in Medicaid – The White House (.gov)

June 7, 2025
After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was ‘thrilling’ – CNBC

After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was ‘thrilling’ – CNBC

June 7, 2025
Apple Watch and the future of wearable technology in healthcare – MSN

Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

June 7, 2025
Letters to Sports: Dodgers must figure out their injured pitcher problem – Los Angeles Times

Dodgers Face a Pitching Dilemma: How to Tackle Their Injury Woes

June 7, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (675)
  • Economy (688)
  • Entertainment (21,594)
  • General (15,269)
  • Health (9,730)
  • Lifestyle (692)
  • News (22,149)
  • People (689)
  • Politics (696)
  • Science (15,907)
  • Sports (21,192)
  • Technology (15,674)
  • World (674)

Recent News

Groundbreaking study maps the movements of marine megafauna – EurekAlert!

Revolutionary Research Unveils the Migrations of Marine Megafauna

June 7, 2025
The science behind having perfect lake days – wtol.com

Unlocking the Secrets to Your Perfect Lake Day!

June 7, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version