drought News

Wildfires Burn, Farmers Struggle as Another Heatwave Bakes Western Europe

European nations sent firefighting teams to help France tackle a “monster” wildfire on Thursday, while forest blazes also raged in Spain and Portugal and the head of the European Space Agency urged immediate action to combat climate change. More than …

Rhine River Water Levels in Germany Keep Falling, Forcing Ships to Sail Partly Loaded

Water levels on the Rhine in Germany fell again during hot dry weather over the weekend and cargo vessels cannot sail fully loaded, vessel brokers and commodity traders said on Monday. Shallow water is causing problems for shipping on the …

Europe’s Rhine River on Brink of Becoming Impassable as Water Levels Drop

Water levels on the Rhine River are set to fall perilously close to the point at which it would effectively close, putting the trade of huge quantities of goods at risk as the continent seeks to stave off an economic …

Reinsurer SCOR Reports H1 Loss of €239M Blamed on Ukraine War, Natural Disasters

Reinsurer SCOR reported a first half loss attributed to the war in Ukraine, natural catastrophes and the severe drought in Brazil. The H1 loss of €239 million (US$242.6 million), compares with net income of €380 million (US$385.8 million) reported during …

Low Water Levels in Rhine River Could Have Similar Hit on German Economy as 2018

Low water levels in the Rhine river may have a similar impact on German economic output as they did in 2018, according to Berenberg. That was the last year in which the river — a key waterway that’s critical for …

Drought Getting Worse in Southern New England

Southern New England is experiencing worsening drought conditions, government official said, urging residents to voluntarily take steps to reduce their water consumption. Connecticut Gov. Ned Lamont last Thursday declared a Stage 2 drought, based on a recommendation by the state’s …

Climate Change Driving Extreme Heat and Flooding in 2022: Report

Extreme weather events – from scorching heatwaves to unusually heavy downpours – have caused widespread upheaval across the globe this year, with thousands of people killed and millions more displaced. In the last three months, monsoon rains unleashed disastrous flooding …

California’s Sweeping Climate Plan Pleases Few

Heat waves and drought gripping California highlight the urgency to slash fossil fuel use and remove planet-warming emissions from the air, a top state official said during discussions of a new plan for the state to reach its climate goals. …

Insurers Increasingly Concerned for Western U.S. Wildfire Season

As Western wildfires force evacuations in Arizona and California – on the heels of an early and severe wildfire season in New Mexico – insurers are increasingly eyeing the growing risks. “Insurers are very much concerned about the wildfire situation,” …

World’s Biggest Re/Insurers Expanding in Africa, but Climate Change Could Hit Profits

The world’s biggest insurers are expanding in Africa, looking to tap growth promised by a rising population and middle class, but climate change could complicate their quest for profits. With Western markets overcrowded, the continent provides a rare chance to …