Axis Reports Climate Change Driving Energy Transition Amid Rising Risks

credit: Wikipedia

"The shift to a lower carbon economy is among the greatest challenges of our day and requires all of usour businesses, governments, communities, and individualsto work together to achieve our climate goals," Vince Tizzio, CEO of insurance company AXIS, says in a press release.

A new report from the company, which surveyed more than 600 energy producers, industrial energy buyers, and specialist insurance brokers in the US and UK, finds that 69% of industrial energy buyers expect climate change to affect their company's performance, affecting revenue, costs, and investments, while 47% of energy producers say climate concern is the main reason they're taking proactive steps to transition to a low-carbon economy.

The report also found that 62% of energy producers say they're "somewhat prepared" or "not too prepared" to transition to a low-carbon economy.

The insurance company says it wants to "elevate understanding of the risks and challenges involved in the energy transition" and to "identify how energy industry stakeholders can proactively and collaboratively support businesses on their journeys."

A third of energy producers say the insurance industry hinders innovation due to a lack of comprehensive and multiline coverage.

The report found that 92% of energy producers believe governments and regulatory bodies play a crucial role

Read the Entire Article

Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

36 Orchestra and Arts Professionals to Participate in League of American ...

The League of American Orchestras is offering a 10-day leadership program for musicians in July and August of 2024 at New York's Juilliard School, the New York Times reports. The Essentials of...more

Generosity Ops: Structuring Your Organization to Accelerate Giving

"If all we have are opinions, let's go with mine," former Netscape CEO James Barksdale once said. If all we have are data, then it's time for nonprofits to get serious about using it to their...more

Transylvania County Frustrations with Hca Hospital Management

The city of Brevard, NC, is suing a for-profit hospital chain, accusing it of creating a monopoly by slashing salaries and closing hospitals in a rural area, the Asheville Citizen-Times...more

Management Institute Awards Scholarship to Michelle Epling

Michelle Epling, president of the Madison Chamber of Commerce in Alabama, has been awarded a scholarship from the Institute for Organization Management. The four-year nonprofit program for...more

A Nonprofit'S Abrupt Closure Puts Access to Public Benefits at Risk

"We served more 120,000 people in 2023 alone and were on track for similar impact in 2024." That's how many people the Philadelphia-based Benefits Data Trust (BDT) helped in the years before it...more

Some Past Proposed Specific Time Limits on Tax Benefits for Private Foundations
Foundation: Ewing Marion Kauffman Foundation, Lynde and Harry Bradley Foundation, Rockefeller Foundation

Warren Buffett says most of his fortune will be put into a new charitable trust once he's dead, the Wall Street Journal reports. The billionaire Berkshire Hathaway CEO made the announcement in an...more

Healthcare Innovation Initiatives Continue Tothrive in the North East at All Levels

There's a new high school in Scotland, and it's designed to give students a taste of what it's like to work in the medical field. The St. Machar Academy, which opened in September, is a...more

Bank of Palestine and Technopark Forge Strategic Partnership to Boost Innovation and ...

"Despite the ongoing suffering of our people in Gaza, we are meeting today to create new hope for Palestinian youth,"Mahmoud Al Shawa, general manager of the Bank of Palestine, said at the signing...more

Feature: Student'S Innovative Banana Seedling Sparks Hope for Tanzanian Farmers at Trade Fair

Gerald Cosmas Mabuto is a third-year student at Tanzania's Mzumbe University, but he's already made a name for himself. Xinhua reports the 26-year-old has developed a banana seedling that's...more

Five Cities Pioneering Urban Sustainability

maggots. The larvae of the black soldier fly can eat up to 1.7 tons of food waste daily, doubling their body weight every day, and that's just what Sydney, Australia, is doing with its food...more

Award-winning journalist and Forbes contributor, Anne Field, explains the ways inĀ strengthening communities at the same time engaging civic participation to support local small businesses.

Federal Government Grant and Assistance Programs

ARRA Health Information Technology Professionals in Health Care | Native American Business Development Institute | Advanced Placement Program (Advanced Placement Test Fee; Advanced Placement Incentive Program Grants | Drug Court Discretionary Grant Program | Compliance Assistance Support for Services to the Regulated Community and Other Assistance Providers | Construction & Environmental Compliance & Remediation | Procurement of Headstones and Markers and/or Presidential Memorial Certificates | Pilot Projects to Reduce Dependency and Increase Work Requirements and Work Effort under SNAP | | Site Style by YAML | | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders