Climate Control News

Global Warming Exceeded Benchmark Over 12-Month Period for First Time on Record

Global warming exceeded temperatures of 1.5 degrees C over a 12-month period for the first time in record keeping. The European Union’s Copernicus Climate Change Service released its findings in its Global Climate Highlights 2023 report on Thursday, calling out …

Study: Manmade Warming Increasing Drought in Western U.S.

Manmade warming has increased the prevalence and severity of concurrent drought and heat events, also termed hot droughts, across Western North America in the 20th-21st century, a new report shows. The authors of the report developed the Western North American …

Activist Group Scorecard: Insurers Adopting Policies on Oil and Gas Slowed in 2023

The number of insurers adopting policies on oil and gas has slowed, according to climate activist organization Insure Our Future’s seventh annual “Scorecard on Insurance, Fossil Fuels and the Climate Emergency” released this week. The scorecard assesses the policies on …

World Meteorological Organization Says 2023 Will Easily Break Climate Records

With a few days left to go until next year, it can be said that 2023 has officially shattered climate records. A World Meteorological Organization provisional State of the Global Climate report confirmed that 2023 is set to be the …

NOAA: Arctic Summer Surface Air Warmest on Record

A report out this week from the National Oceanic and Atmospheric Administration shows the Arctic summer surface air temperatures were the warmest on record, with some areas, including northern Alaska and Canada, 7.2 degrees Fahrenheit or more above the 1991-2020 …

Study: Federal Payouts Bolstered Flood Policy Uptake, Insured Value

The availability of a federal flood payout in a county in a given year increased the number of flood insurance policies by 5.2% and the total insured value of the policies by 4.6% in the following year, a new study …

US Climate Report Shows Rising Temps, Greenhouse Gas Emissions Headed Down

A new national climate report that shows temperatures rapidly rising, but it also has some good news for the U.S. The Fifth National Climate Assessment, which analyzes the impacts of climate and global change in the U.S., shows that global …

FIO’s Climate-Related Financial Risk Data Collection Finalized

The Department of Treasury’s Federal Insurance Office finalized its proposed Climate-Related Financial Risk Data Collection. The FIO in June released a report analyzing climate-related issues and gaps in U.S. insurance supervision and regulation, calling state regulatory efforts fragmented and limited. …

Report: ‘Climate-Exacerbated Wildfires’ Cost U.S. $394B-$893B Each Year

“Climate-exacerbated wildfires” cost the nation $394 billion to $893 billion each year in economic costs and damages, according to a Congressional report out this week. The range combines estimates from existing research on property damage, deaths and injuries, health impacts …

Climate Change Can Cause U.S. Households ‘Significant Financial Strain’

Households can experience significant financial strain through pressures to income and expenses due to climate hazards, a report from the U.S. Department of Treasury shows. The report, The Impact of Climate Change on American Household Finances, adds to the department’s …