European Commission addresses Climate Risk
The EU must accelerate efforts to prepare for and adapt to the impacts of climate change, the European Commission said Tuesday. The commission did not propose any major new policies in response
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climate risk
Properties are Underinsured for Climate Risks
Increasing reliance on state-run 'insurers of last resort' to cover homes so vulnerable to climate impacts private insurers have fled the market represents a looming crisis with no good solutions when the
Federal Reserve Doesn’t Think Banks Should Assess Climate Risk
While acknowledging the risks that climate change poses,Federal Reserve Governor Christopher Waller, a Trump appointee, remarked that catastrophic events like hurricanes and floods don’t generally reverberate across the U.S. economy.“Climate change is
Fed To Measure Climate Risk Exposure Info From 6 Big Banks
Federal Reserve Board announced a pilot project last week to measure the climate risk exposure of six major banks: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo.
Private Equity Gets Failing Grades On Climate Risk Exposure
Private equity firms are exposing investors, including retired teachers, nurses, and firefighters, to unknown levels of financial risk by continuing to invest billions of dollars in fossil fuel projects with no exit
Biden Orders Agencies To ID, Mitigate Climate Risks
President Biden on Thursday ordered agencies across the federal government to prepare for risks to the American economy posed by climate change. The harms inflicted by human-caused global warming are already being
Chilean Wildfires Offer a Glimpse of Climate Risks in California and Elsewhere
Last week, wildfires swept through Chile, fueled by hot, windy weather. The blazes claimed 11 lives, razed 1,500 homes and burned down an area of forest roughly the size of Maui. Flames
Zoonotic Spillover: Climate Change Could Increase Risk Of New Pandemic
Climate change will cause thousands of new viruses to spread between animal species, increasing the risk that new diseases will infect humans, potentially setting off another pandemic, a study published Thursday in
UNICEF: 1 Billion Children At ‘Extremely High Risk’ From Climate Harms
Half of the planet's 2.2 billion children are already at "extremely high risk" of harm caused by climate change and pollution, a new report from UNICEF says. "Children are uniquely vulnerable to
Insurance Industry Struggles To Price In Climate, Extreme Weather Risks
If the drumbeat of weather-related disasters pounding the globe feels hard to comprehend, you're not alone. Professional risk-assessors in the insurance industry are struggling to come to grips with extreme weather supercharged
Fed Names Climate As Risk To Financial Stability
The Federal Reserve, for the first time, named climate change as a risk to financial stability. In its biannual financial stability report, the Fed also said banks should be more transparent about
National insurance crisis fueled by climate
The impacts of climate change, combined with a national insurance crisis, are limiting Americans' ability to choose where to live, The Hill reports. Decades of American housing policy laid the foundation for
Europe Unprepared For Climate Change
Europe is unprepared for mounting climate risks, the first-ever climate risk assessment released by the European Environment Agency warned Monday. The continent faces more frequent, and more severe extreme weather, including wildfires,
Scope 3 Cut From SEC Climate Rule
The Securities and Exchange Commission adopted new rules on Wednesday requiring publicly traded companies to disclose financial risks to their investors caused by climate change and efforts to address the crisis. The
One Small Town Plans for Climate Change
One of the most iconic landmarks in downtown Grants Pass, Oregon, is a 100-year-old sign that arcs over the main street with the phrase “It’s the Climate” scrawled across it. To an
Unimpressive Green Climate Fund Showing
Global pledges intended to spur investment in developing countries for climate solutions and resilience fell short of their target this week, prompting criticism from nongovernmental groups about the powerful countries most responsible
Cities are Struggling with Warmer, Wetter Weather. Better Climate Models Could Help.
Growing up in the marshy plains of the Texas Gulf Coast, Ellen Buchanon had seen her share of floods. But in 2017, when Hurricane Harvey dumped 40 inches of rain on her
US again leads world in growing gas exports, climate-damaging emissions
The United States regained the dubious distinction as the world’s top exporter of liquified methane gas (LNG) in the first half of 2023, the U.S. Energy Information Administration announced Tuesday. It shows
Pakistan Epicenter of Climate Crises
The lingering, insidious impacts of the catastrophic, the climate-fueled flooding that submerged one-third of Pakistan in the summer of 2022, illustrate the degree to which countries worldwide are unprepared for the multifaceted
Extreme Daily Fire Growth Boosted By Climate
Climate change has — already — increased the risk of explosive wildfire growth in California by 25%, a study published in Nature finds. That climate change, mainly caused by the extraction and