National/regional news and analysis

Why ‘green’ finance isn’t always as sustainable as it seems

VectorMine/ShutterstockIn the wake of the 2007-08 global financial crisis, green finance has been increasingly celebrated as a way to tackle environmental challenges. Banks, investment funds and insurers have rolled out a growing range of green products, from green bonds to sustainability-linked loans. This momentum is encouraged by international environmental efforts such as the Paris climate agreement.

Climate change is becoming an insurance crisis

oleschwander/ShutterstockImagine waking up to find your living room underwater for the second time in five years. You try to claim insurance, only to be told your property is now uninsurable. Premiums have tripled. Your mortgage lender is concerned. And your biggest asset, your home, is rapidly losing value.

This isn’t just a personal disaster. It’s a warning sign of a much broader crisis.

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