climate News

Warming Trend Continues in 2022 and Expensive Weather Events Pack Punch

According to data presented during a joint NASA and NOAA webinar earlier this month, 2022 was among the warmest years recorded since the late 19th century – continuing a trend that has shown gradual global temperature warming in recent decades. …

UK Review Advises ‘Step Change’ in Approach to Climate Change

The UK needs “a step change” in its approach to slashing carbon emissions if it is to eliminate greenhouse gases by 2050, according to a review commissioned by the government. The country is not doing enough to invest in projects …

New SEC Disclosure Rules May Drive Up D&O Claims

SAN DIEGO — New rules proposed by the US Securities and Exchange Commission on cybersecurity and climate impact disclosures may generate more lawsuits that will generate claims against directors & officers policies, panelists said Wednesday during the Professional Liability Underwriting …

Biden ‘Social Cost of Carbon’ Climate Risk Measure Upheld by U.S. Appeals Court

A U.S. appeals court on Friday upheld the “social cost of carbon” calculation used by President Joe Biden’s administration, which sharply boosts the price tag policy makers will put on the environmental impact of greenhouse gas emissions from that used …

NOAA: 6th Warmest August on Record

August 2022 was the world’s sixth-warmest August in 143 years, according to scientists at NOAA’s National Centers for Environmental Information. The warm August wrapped up the Northern Hemisphere’s second-hottest meteorological summer on record. Climate by the numbers August 2022 The …

Biden Admin Announces $3 Billion in FEMA Climate Resilience Funding

The Biden administration on Friday announced it is putting more than $3 billion into two federal programs to help communities deal with floods, wildfires, extreme heat and other problems imposed by climate change. Funding for the Building Resilient Infrastructure and …

Biden EPA to Tackle Coal Industry Carbon With Rules on Other Pollutants

The U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help encourage the retirement of the nation’s remaining coal-fired power plants, after the Supreme Court limited the agency’s ability to impose …

U.S. Power Companies Face Supply-Chain Crisis This Summer

U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season. Extreme weather events such as storms, wildfires and drought …

Chubb Not Declaring Itself Net Zero, CEO Greenberg Says

In addition to predicting greater geopolitical volatility driven by global food and energy insecurity, Chubb’s chief executive warned carriers to brace for greenwashing lawsuits on the horizon—against D&O insureds and insurers themselves—at an industry gathering yesterday. Speaking at the 38th …

Hospitals Confront Their Climate Achilles Heel: Supply Chains

The health-care industry accounts for 8.5% of the United States’ greenhouse gas emissions, almost as much as agriculture. So the Biden administration is pushing hospital systems to do more to combat climate change: The US Department of Health and Human …