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Insurers examine cutting premiums for greener motoring customers

Insurers are examining ways to encourage customers to reduce their carbon footprint, including offering lower premiums, as the industry faces growing pressure to use its underwriting policies to tackle global warming. Policies such as pay-as-you-drive already provide a nudge to motorists to cut their mileage, but some of the world’s largest insurers are now looking…
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23 May 2021 0

EU to target aviation in revamp of fossil-fuel levy

The EU is moving closer towards agreeing a tax on aviation as part of a wide-ranging revamp of fossil-fuel levies to help meet ambitious emissions goals.  EU finance ministers meeting in Lisbon on Saturday expressed broad support for upcoming proposals for a Europe-wide tax on kerosene jet fuel used in aircraft, officials told the Financial…
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22 May 2021 0

EU leaders brace for clash on how to implement climate goals

European leaders are on a collision course over the looming impact of radical emission targets on their citizens and businesses as the cost of going green hits home across the EU.  A summit in Brussels on Monday and Tuesday is set to be dominated in part by discussions on how to decarbonise swaths of the…
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22 May 2021 0

Carbon counter: delivery van vs shopping trip

Carbon counter is a series of Lex articles estimating the climate cost of different lifestyle choices. The other articles are here Should an eco-friendly shopper opt for bricks or clicks? Conflicting opinions abound. Shopping online is inherently more carbon efficient than going to the store, Amazon wrote in its 2019 shareholders’ letter. But a study…
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22 May 2021 0

YouTube feels heat as Russia ramps up ‘digital sovereignty’ drive

Until last summer, Tsargrad TV, which styles itself as a Russian Orthodox answer to Fox News, was an obscure corner of YouTube. The Russian-language online news channel was best known for its priestly presenters and conspiratorial musings about the global financial system plotting against Moscow — suspicions it viewed as confirmed last July when the…
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22 May 2021 0

The premium paid for US stocks faces a test

For a quality product, consumers can usually justify paying a premium. So it is for investors and the S&P 500 index. Shares in the US stock market benchmark have long traded at a premium to global peers but the trend has been reinforced by the steady transformation of the index towards technology-orientated companies that are…
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22 May 2021 0