Articles by Eric Roston

Homes in Flood Plains May Be Overvalued by $34 Billion

At least 3.8 million U.S. homes lie in flood plains. Together, they may be overvalued by $34 billion. New research published Monday in a National Bureau of Economic Research working paper shows that markets fail to incorporate risks from flooding …

The Aral Sea Is Dying — A Victim of Environmental Malpractice

The Aral Sea was once the world’s fourth largest inland lake. Today, it’s the epitome of environmental malpractice. More than 60 million people in six nations—Afghanistan, Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan—rely on the rivers leading to the Aral. In …

Government Has Bought 43,000 Flood-Prone Homes; Poor Often Left Behind

As the climate crisis worsens, more Americans will be forced from their homes. Many won’t be able to afford it, and the U.S. isn’t prepared for a massive, government-subsidized migration away from flood-prone areas, according to the first comprehensive analysis …

Update: Parametric Catastrophe Pool, CCRIF, to Provide Rapid Payout for Bahamas After Dorian

Some of the first financial relief the Bahamas receives in the aftermath of Hurricane Dorian may be a rapid insurance payout from a novel program just 12 years old. CCRIF, once short for the Caribbean Catastrophe Risk Insurance Facility, was …

Study of European Flood Trends Finds North-South Climate Variances

European river flooding has grown more intense in northwestern Europe and decreased in the south over the last half century, according to a study by nearly four dozen researchers. The work, which is the first documentation of long-term flood trends …

Europe’s Heatwave Was Even Hotter with Impact of Climate Change: Research

Heat scorched Western Europe this July in what will likely be confirmed as the hottest month in recorded history, according to the UN’s World Meteorological Organization. “This is not your grandfather’s summer,” United Nations Secretary General Antonio Gutierrez said. The …

Cold War Era Satellite Images Reveal Acceleration of Asian Glacier Melt

Himalayan glacier melt has doubled over the last 40 years, according to new research made possible by declassified cold war era satellite imagery. The 650 glaciers under study in parts of China, India, Bhutan and Nepal were found to be …

Talk of Managing Earth as an Asset Wins Over Congressional Climate Change Skeptic

In a break from years of acrimony over basic science, House Budget Committee members on Tuesday tripped over each other to agree that climate change is not only real but caused by humans. “The last decade has seen dramatic advances …

U.S. Spends Billions on Disaster Aid Over Investing in More Lasting Preparedness

Forecasters are expecting this year’s North Atlantic hurricane season to be roughly average, with about 14 named storms including six full-fledged hurricanes. Last week, the government finally dealt with the fallout from 2018, enacting a $19.1 billion relief package to …

World’s Largest Companies Forecast Climate Change Could Cost Them $1 Trillion

An analysis of thousands of corporate disclosures on climate-change risks suggests that companies stand to gain more than they lose, mostly within the next five years. Some $2.1 trillion worth of potential good news is embedded in those statements, according …