Climate Change News

Go Ahead and Start a Climate Change Debate at the Thanksgiving Table

When you pass the turkey gravy on Thursday consider stuffing a hunk of climate change discourse down your uncle Jeb’s gullet. Let him stew until he’s good and fermented, then agitate as needed to see the fruits of your labor. …

Europe’s Re/Insurers Cut Coal Investments by $20B; U.S. Firms Fail to Act: Report

Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S. insurers has taken “meaningful action,” campaign group Unfriend Coal said on Wednesday. Government representatives and officials at this week’s U.N. …

Growing Climate Risks May Be ‘Impossible to Model’ – and Ultimately Uninsurable

After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get its act together if it wants to survive climate change. Insuring against weather natural disasters could reach unaffordable levels for …

Resilience Economics Bringing Climate Products to New Sectors

Resilience Economics Ltd. seems poised to capitalize on climate change. Cedent Ltd. this month launched the corporate finance advisory firm focused on climate risk with an initial $500 million of capacity from strategic partner Nephila Capital Ltd. The joint-venture plans …

Global Temperatures in 2017 Slightly Below Record-Breaking 2016: UN

This year will be among the three hottest on record, the United Nations said on Monday [Nov. 6], as almost 200 countries started talks in Germany to bolster a global climate accord that the United States plans to quit. Temperatures …

Insured Losses from California Wildfires Now at $3.3 Billion

The largest California insurers have so far reported more than $3.3 billion in insured losses from the October wildfire siege, now considered the most destructive fires in state history. Insurance Commissioner Dave Jones on Tuesday updated insured loss claims data …

U.S. Cities Ranked Most Vulnerable to Coastal Floods Due to Climate Change

This week is the anniversary of Superstorm Sandy, which developed in late October and moved over the East Coast starting on Oct. 29, 2012, causing more than $70 billion in damage and killing 280 people. To mark that anniversary, Climate …

Government Report Finds Climate Change Costing Taxpayers Billions Each Year

A non-partisan federal watchdog says climate change is already costing U.S. taxpayers billions of dollars each year, with those costs expected to rise as devastating storms, floods, wildfires and droughts become more frequent in the coming decades. A Government Accountability …

Dutch Insurers & Banks Warned to Account for Risks of Climate Change

Banks, insurers, and other financial institutions must do more to take into account the risks posed by climate change to their business, a Dutch Central Bank study said. As global warming increases the risk of extreme weather events, regulators are …

Climate Researchers Warn of Hotter Summers, More Wildfires, in Southern Europe

Climate researchers are warning that Europeans should prepare for the return of “Lucifer,” saying the hellishly named heat wave that hit parts of the continent this summer could become a regular occurrence due to man-made climate change. Hotter-than-usual temperatures in …