Archive for December, 2016

Meteo Protect announced as Best Broker for Weather Risks in Europe

2016 Environmental Finance Annual Market Rankings

Meteo Protect, the European leader in weather risk management, has won the 2016 Environmental Finance Market Rankings, being awarded the title of Best Broker for Weather Risks in Europe.

Meteo Protect has been announced as the winner of the Environmental Finance Market Rankings for 2016.

The Rankings are the largest and most closely watched poll of sentiment across the carbon, renewable energy certificates, weather risk and catastrophe risk markets.

“We are delighted to see Meteo Protect recognized as Best Broker for Weather Risks,” says Gabriel Gross, President and CEO, Meteo Protect. “Clients are more and more demanding; they want more refined structures, as bespoke as possible and the complexity of what we do is increasing. It is only limited by our own speed to come up with new innovations.”

Meteo Protect has been recognized for its work for businesses affected by weather variability, in increased costs of production or distribution, lost sales, or other effects along the supply chain. Meteo Protect provides clients with insurance policies and customized price quotes based on a set of individual parameters, using a web-based underwriting and pricing platform for providing completely customized insurance for any weather-related risk.

“There is bullish sentiment across many of the markets we cover in our Rankings, which is pleasing because some of the markets have weathered some very tough times in recent years,” said Environmental Finance editor Peter Cripps. “In fact, many participants are hopeful that markets are now ready to take-off, boosted by strong policy signals such as COP21 and Obama’s Clean Power Plan.”

Winners of the Environmental Finance Market Ranking are selected by votes from clients and other market participants, who judge that they had provided the best service over the past 12 months.

Small and young businesses disproportionately bear the costs of climate change

baby

Report provides eye-opening new insights into the demographics of commercial victims of climate change. Young firms, which comprise not only the lifeblood of many communities but are central to national economies, do not insure against what they consider to be less frequent, extreme events, and are therefore, disproportionately bearing the costs of the vagaries of weather resulting from climate change.

With the frequency and severity of extreme weather events and unseasonal weather increasing as a result of climate change, Weather & Economics has reported on the far-reaching effects to a wide range of sectors, including agriculture (particularly for farmers of citrus fruits, avocadoes, cocoa, viticulture, and cereals) as well as for the sectors of finance, sporting events, travel, transport, automobile parts, fashion and apparel, construction, food and beverages, and snow removal, to name but a few.

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The Paris climate agreement is ratified – What does this mean for businesses?

CEO in jail

On the heels of the entry into force of the historic Paris agreement on climate change, a legal opinion declares that directors who don’t properly consider the material impacts of climate change on their business risk personal liability for breach of duty. With this, business leaders are inexorably confronted with the need to consider climate change and sustainability risks for their companies, and to price, mitigate, and manage them accordingly. Is your business ready to bring climate change and sustainability to the board?

This past month the world celebrated the ratification of the historic Paris climate change agreement, years sooner than expected, particularly given that is the single largest piece of climate change legislation ever enacted. The agreement, signed by 196 attending parties, achieves a legally binding and universal agreement on climate, with the aim of keeping global warming below 2°C compared to pre-industrial levels. It was the outcome of the 21st meeting of the Conference of Parties (COP) to the United Nations Framework Convention on Climate Change, held in Paris from 30 November to 12 December 2015.

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