Climate Change News

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 …

Study Says Climate Change Could Lead to Rougher Roads

Expect some rough roads ahead. Literally, if a new study is any indication of how U.S. roads as they are currently being built might fare in a warmer world. A study by professors at Arizona State University shows that global …

2 Northern California Cities Are Suing Big Oil Firms Over Climate Change

California cities San Francisco and Oakland filed separate lawsuits against five oil companies on Wednesday seeking billions of dollars to protect against rising sea levels they blamed on climate change, according to public documents. The lawsuits, filed in state courts …

What If an Irma-Like Hurricane Hit the New York City Metro Area?

It sounds like a Hollywood disaster movie. A Category 5 hurricane churning in the mid-Atlantic suddenly veers northwest – and heads straight for New York City. The good news is that, for now, experts agree a Cat 5-sized deluge appears …