Tag: Climate Change
LA Wildfires Devastate Communities, Posing Record-Breaking Economic Toll
A UCLA study reveals that January's wildfires in Los Angeles County could cost up to $164 billion, making it the second-most expensive natural disaster in U.S. history. The article explores the devastating economic toll, including loss of life, destroyed homes, and long-term impacts on California's economy.
Economic Effects of Climate Change Pose Threat to Americans Born in 2024
Scott Medintz explores a recent analysis commissioned by Consumer Reports and supported by Breakthrough Energy. Conducted by ICF, the study forecasts significant financial burdens for individuals born in 2024 if climate change mitigation efforts are not substantially strengthened.
Navigating Tech and Climate: CEO Optimism Amidst Challenges – PwC Global Survey
CEOs face tech disruption and climate transition. PwC's survey shows 45% doubt long-term viability and stress innovating with climate-friendly products.
Smallholder Farmers Lead Climate Adaptation Efforts: Investing Billions Annually
Smallholder farmers globally invest $368 billion annually for climate adaptation, averaging $838 per household. Despite this, only 0.3% of international climate finance reached them in 2021. Carbon markets and increased international support are essential for enhancing resilience and innovation in smallholder farming.
Navigating Climate-Driven Risk: Impact on the Housing Market
Travis Hodges in ClaimsJournal highlights $92.9B in U.S. weather-related damages, urging a reevaluation of insurance risk and the role of brokers in providing tailored coverage.
Rising Temperatures Forecast to Drive Inflation: Study Warns of Global Economic Impact
Study: Rising temperatures may boost food inflation by 3.2% and overall inflation by 1.18% yearly by 2035.
Climate Change Impact: Soaring Home Insurance Costs Nationwide
The average cost of homeowners' insurance has surged to $1,900 a year nationwide, driven by climate risk, prompting insurers to reassess pricing models and leading to a 12 percent increase in premiums in 2022, with further rises anticipated.
Unlocking Savings and Climate Action: How the Inflation Reduction Act Helps Americans Go Green
The Inflation Reduction Act, a major climate and tax law, empowers American consumers to save thousands of dollars while combating climate change through incentives for electrifying transportation and implementing energy-efficient home improvements.
Climate Change, Inflation, and the Ecological Transition: Understanding the Intricate Links for a Sustainable Future
Climate change drives up supply chain prices in Europe, impacting essential goods like food and energy.
CEOs Brace for Climatic Impact: Rising Costs in 2023 Blamed on Climate Change
CEOs foresee climate change intensifying high prices in 2023; PwC survey reveals growing concern among 4,400 global leaders.
EPA Initiates Public Engagement for Climate Change Programs Under Inflation Reduction Act
EPA invites public input on climate initiatives for equity and impact.
Navigating the Impact: Climate Change and Home Insurance Affordability
Climate change drives structural damage, raising home insurance premiums for 90% of homeowners, particularly in disaster-prone areas.
KraneShares Global Carbon Transformation ETF: Investing in Emission Reduction for a Low-Carbon Future
Investing in Climate Action: KraneShares Global Carbon Transformation ETF (KGHG) leading the charge to a low-carbon economy.
Climate Change Challenges Traditional Home Insurance
Skyrocketing home insurance costs due to climate change pose challenges for homeowners, as premiums soar and coverage options dwindle, leaving many uncertain about protecting their homes in the face of future disasters.
Discover Drawdown.org's transformative roadmap for practical climate solutions, empowering action for a regenerative world
Discover Drawdown.org's transformative roadmap for practical climate solutions, empowering action for a regenerative world.
What others are saying
Plans to Scale Back Biden's Climate Law still on Latta's Agenda
House Republican Rep. Bob Latta claims his focus is on ensuring a balanced, future-focused energy policy, balancing economic needs and political realities while meauring potential approaches to Inflation Reduction Act rollbacks.
Senators seek answers on EPA effort to claw back $20 billion in climate funds
Brookings investigates why homeowners’ insurance premiums are rising, what role climate change is playing, and how policymakers might respond.
How is climate change impacting home insurance markets?
Brookings investigates why homeowners’ insurance premiums are rising, what role climate change is playing, and how policymakers might respond.
Opinion: Forget the billions. How much will climate change really cost your family?
More than half of U.S. adults say they have incurred costs due to an extreme weather event over the past 10 years
Climate impacts in the U.S. are ‘far-reaching and worsening,’ federal report finds
The federal government’s National Climate Assessment says the U.S. economy, environment and public health face deepening threats as the world grows hotter.
Natural Disasters Led to $250 Billion in Global Losses Last Year
Extreme storms and other natural disasters cost the world about $250 billion of losses last year, with less than half that amount actually covered by insurers.
After Losing Crops to Drought, Sicily Fears Losing Tourism, Too
Parts of southern Italy are experiencing generational level droughts. Authorities say they are working to at least save tourism.
Climate change is driving up food inflation globally – with catastrophic health effects
Global South countries, especially the continent of Africa, will bear the brunt of this, as is the case with other consequences of global warming.
Warming temperatures could make 70% of the world's wine-growing regions unsuitable to produce grapes: Scientists
Rising global temperatures could change where the majority of the world's wine is produced as mid-latitude regions may no longer be able to grow grapes.
Rethinking inflation in times of environmental instability
David Barmes and Simon Dikau explain why intensifying environmental shocks and geopolitical tensions could drive a rethink of inflation forecasting and economic policymaking.