Trump’s proposed tariffs will pummel the renewable energy industry which is already reeling from the US’ renewed support for fossil fuels. Executives have warned that added costs from tariffs would prompt higher electricity prices and de-rail the new era of clean technologies. The Financial Times covers the story.
A senior figure from Allianz, one of the world’s biggest insurance companies, has warned that the climate crisis is on track to destroy capitalism. As the world fast approaches temperature levels where insurers will no longer be able to offer cover for many climate risks, many other financial services from mortgages to investments become unviable, reports The Guardian.
