Allianz commissions climate change report

Post Magazine (UK): Allianz and the World Wildlife Fund have commissioned an independent report examining the climate performance of the G8 nations according to nine criteria, such as comparing emission trends since 1990 and examining each country’s progress against their Kyoto targets. The G8 Climate Scorecards 2008 also scores the countries on three specific policy areas: energy efficiency, renewable energy, and development of carbon markets.

Allianz chief executive officer Andrew Torrance, who was recently appointed chairman of the insurance industry’s Climate Wise initiative said: “We in the insurance industry wish to make our contribution through reducing our own emissions, encouraging climate-friendly behaviour by our customers and taking investment decisions in the context of climate change.

“Reducing carbon emissions is a must but action is also needed at the adaptation level. Governments around the world must urgently take action to protect people from serious weather events like the flooding in Britain just one year ago which will increase in frequency and severity due to climate change.”…