Climate Control News

Senate Committee Reveals Climate Change Danger to Financial System

A Senate Budget Committee report shows how dangerous climate change is to the nation’s financial system as well as how bad it could be for homeowners seeking affordable insurance. A Senate Budget Committee Staff report out this month, Uncovering the …

UCLA and NOAA: Climate Change Baked Western US Despite the Rainfall

Even with all the storms the Western U.S. received in the last two years, climate change is baking the region. That’s because higher temperatures are increasing evaporation enough to cause drought, according to a study by UCLA scientists and National …

Report: Climate Risks Increasing Insurance Rates and Hurting CRE Returns

Costly reinsurance, inflation, tough regulations, and increasing weather-related claims are driving up property insurance prices—and in turn, that is impacting commercial real estate returns, valuations, and transactions, a new report shows. The Urban Land Institute and real estate investment management …

Group of Scientists Say Climate Change Drove Helene Impacts

Climate change was a key driver of the devastating impacts of Hurricane Helene, a group of scientists said this week. Hurricane Helene made landfall as a Category 4 major hurricane west-southwest of Perry, Taylor County, Florida on Sept. 27, with …

Climate Change and Rising US Insurance Rates

A new article directly blames climate change for rising U.S. insurance rates. While the article mulls the various and numerous reasons for rising rates, it calls out what the author sees as a “common thread” that ties in rising rates …

‘Impossible’ Weather Increasingly Blamed on Climate Change

Today may be the day when the impossible becomes possible—based on the number of headlines in recent days saying pretty much that. A slew of recent articles this week focus on studies and research reporting on how unlikely the weather, …

CBO Says Mortgage Subsidy Cost from Flood Damage to Hit $395M by 2053

Climate change is expected to increase the frequency and severity of floods in the U.S., posing greater risks to homeowners and mortgage lenders—and since flood damage tends to lower the market value of affected homes, it’s more likely that homeowners …

Activist Report Shows More Insurers Making Climate-Related Disclosures

A new report from a climate activist group portrays a “mixed picture of progress and persistent challenges” in the insurance sector in addressing climate-related risks, with some insurers successfully integrating climate-related risks and others leaving “significant gaps and disparities.” The …

World Meteorological Organization: Good Chance for More Record-Setting Global Temps

A new study on adoption of behaviors that reduce personal carbon emissions in 37 countries and territories classified as “high-emissions” shows that daily household behaviors are far more common than higher-cost, infrequent behaviors. Lower-cost, daily behaviors to reduce carbon emissions …

Poll: Climate Change Concerns Grow, but Few Believe Biden’s Climate Law Will Help

A poll from the Associated Press-NORC Center for Public Affairs Research shows 45% of U.S. adults say they have become more concerned about climate change over the past year (six-in-10 Democrats and one-quarter of Republicans). However, the poll shows now …