WTW names ICT climate analytics and exposure management director


WTW names ICT climate analytics and exposure management director

WTW has appointed a new leader to its insurance consulting and technology (ICT) business. Michelle Radcliffe (pictured) is WTW’s new director in the climate analytics and exposure management team, where she will focus on her areas of expertise – climate transition risks and exposure management for underwriting.

Before joining WTW, Radcliffe worked with law firm CMS’ environmental team, advising clients on a range of climate change-related issues such as sustainability, environmental risk management, UK Net Zero, and the European Green Deal. Radcliffe was also a member of the law firm’s insurance team, where she developed a specialisation in

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Net-Zero Insurance Alliance releases protocol for climate goals


Net-Zero Insurance Alliance releases protocol for climate goals

The Net-Zero Insurance Alliance (NZIA) has released its first Target-Setting Protocol at the World Economic Forum, accelerating the transition to a global net-zero economy.

Launched at the World Economic Forum’s annual meeting in Davos, Switzerland, version 1.0 of the NZIA Target-Setting Protocol will enable NZIA members to independently set science-based, intermediate targets for their insurance and reinsurance underwriting portfolios, aligned with a net-zero transition pathway consistent with a maximum temperature rise of 1.5°C above pre-industrial levels by 2100. It requires the members to set and disclose their initial targets by July 31, 2023.

“The launch of the protocol

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Israeli climate finance experts gather some of world’s top brains at COP27 event

SHARM EL-SHEIKH, Egypt — One of the greatest challenges in bringing down global warming emissions and enabling the world to adapt to the consequences of climate change is how to shift trillions of dollars invested in initiatives that harm the planet to ones that will help it heal.

The Paris-based International Energy Agency has estimated that some $4 trillion worth of investments in clean energy projects and infrastructure will be needed annually until 2030 in order to meet the 2015 Paris commitment to keep temperature rises to an average of 1.5 degrees Celsius, compared with pre-industrial times.

And an annual

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CEOs ignoring climate change amounts to ‘malpractice,’ environmentalist Fred Krupp says

Environmental Defense Fund President Fred Krupp issued a warning to CEOs: Ignore climate change at your own peril.

“I would say, in any sector, if a CEO isn’t thinking about this, it’s malpractice,” Krupp recently told Yahoo Finance’s editor-in-chief Andy Serwer (video above).

He explained that good corporate leaders have always looked ahead to major transformations in the economy, and that is certainly the case with climate change as the world looks to decouple growth from carbon-intensive energy sources.

“This transition to clean energy is going to make the whole explosion of the internet look like a kid’s lemonade stand,”

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The good, the bad and the urgent with climate finance in 2020

Multilateral development banks (MDBs) play an important role in financing developing countries’ efforts to reduce emissions and protect against the effects of climate change, and 2020 was a critical waypoint for MDB climate finance. For one, it marked the due date for the climate finance targets many MDBs set in 2015. 2020 was also the year by which developed countries committed to mobilize $100 billion per year in climate finance for developing countries, with many developed countries channeling a significant share through MDBs.

Unfortunately, MDB climate finance for developing countries fell by almost 5 percent in 2020 compared to 2019

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