The more than 100 companies who signed on to recommendations from the Group of 20 Task Force on Climate-related Financial Disclosures will report on the risks climate change poses for their business operations and the process used to measure the risk. The TCFD suggests that "all companies and investors will report against the same four areas: governance, strategy, risk management, and metrics and targets," CDP Chief Executive Paul Simpson writes.
Cost-effective, high-capacity energy storage is vital to the future of sustainable energy sources, whose output can vary greatly over time. Researchers at MIT offer a promising possibility in the form of a rechargeable flow battery that uses liquids for its cathode and anode, with the cathode effectively breathing in air to create a charge balance by taking oxygen in and out of the system.
The Environmental Protection Agency is working on guidance to help states access confidential business information in certain situations as long as they prove they can protect such information. The process is part of the reformed Toxic Substances Control Act.
A letter signed by 38 US senators urges the Environmental Protection Agency to reconsider lowering 2018 biofuel requirements. "The rule unjustifiably flatlines biomass-based diesel, reduces advanced biofuels and reduces the cellulosic biofuel blending target by about 25 percent," the senators wrote.
Arizona State University is going green with its new Interdisciplinary Science and Technology Building. Carbon-capture technology, recycled water, solar power and efficient sewage treatment are all part of the design for a net-zero energy building.
A team of 15 scientists from 11 institutions worldwide has created a database to determine which cement will perform best and which can be environmentally sound. "The publication of this common database represents a milestone for the field that will greatly increase the impact for molecular modeling in the development of new and eco-friendly cements," said Robert Flatt, a scientific adviser on the project from Switzerland's ETH Zurich.
Drones and artificial intelligence are changing the way we insure our homes, cars and businesses. With $14 billion in investment to date, insurtech is turning heads, and insurance will likely never be the same again. One characteristic that marks this period of business disruption: a level of partnership and co-operation between industry incumbents and tech startups. So what's next for insurance? Learn more.
Recent catastrophes didn't just damage property; insurance rates could be in danger as well. Recent natural catastrophes such as the hurricanes in the Caribbean and earthquakes in Mexico will have underwriters looking to increase rates across several lines of business in the near future. "Clearly there's a recognition that the market needs to see some correction," said Paul Kim, managing director and co-chief broking officer at Aon Risk Solutions in New York. However, only about one-third of insurance companies have reported their third-quarter catastrophe-loss estimates, so the potential amount of rate increases remains unclear. Read more.
The test of a vocation is the love of the drudgery it involves.
Logan Pearsall Smith, writer
About Aon Environmental
Aon Environmental provides clients with the specialized expertise needed to understand their exposure and its consequences, including how it impacts financial objectives as well as corporate governance, sustainability, and regulatory concerns. Using a multi-disciplinary approach that draws upon experience in environmental law, environmental remediation, and environmental risk management, the Aon team has developed solutions for the largest and most complex environmental placements. Our superior technical skills, combined with market knowledge and relationships, ensure that the best presentation of our client's objectives will be made.
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.