global warming News

Ratings Firms Struggle With Climate Risk in $133 Trillion Market

With 46 straight days of 100-degree heat and coastal waters approaching hot-tub temperatures, Miami can seem like a clear example of the costs of a warming world. But analysts at S&P Global Inc. aren’t sweating it. They recently upgraded Miami’s …

Europe’s Most Important Trade Route Is at Risk From Climate Change

The Rhine River has been a reliable shipping lane for centuries, helping spawn industrial giants along its banks. But those days are coming to an end, and the scramble is made all the more urgent as Germany’s government fails to …

Extreme Weather Risks May Make Parts of the World ‘Uninsurable’

Soaring global temperatures may make large parts of the world “uninsurable,” according to Spain’s largest insurance firm. Climate change “has the potential of changing the insurance business profoundly and making part of the world uninsurable,” Gonzalo Gortazar, CaixaBank SA’s chief …

Climate Change Lawsuits More Than Double in 5 Years as Impacts Hit Home

The number of court cases related to climate change has more than doubled in five years as impacts ranging from shrinking water resources to dangerous heatwaves hit home for millions, a report said on Thursday. Some 2,180 climate-related lawsuits have …

Human-Induced Climate Change Plays ‘Overwhelming’ Role in July Heatwaves: Scientists

Human-induced climate change has played an “absolutely overwhelming” role in the extreme heatwaves that have swept across North America, Europe and China this month, according to an assessment by scientists published on Tuesday. Throughout July, extreme weather has caused havoc …

Scientists Alarmed About Antarctica’s Unprecedented Lack of Sea Ice Growth

Amid a summer of record heat, the most dramatic impact may be taking place under the cover of Antarctic night. The continent at the bottom of the world normally sees a halo of sea ice grow around it each summer …

UK Court Dismisses Climate Case Against Shell in Blow for Activists

Environmental law charity ClientEarth’s unsuccessful attempt to sue Shell over its climate strategy shows the difficulties in bringing activist shareholder claims, lawyers said on Monday, after London’s High Court dismissed the case. ClientEarth, which holds 27 shares in Shell, alleges …

Ukraine Grain Now Relies on a River That’s Drying in the Drought

The threat of Russian aggression towards Ukraine’s Black Sea ports and ships will force the country to export its enormous quantities of grain by river, road and rail — all of which are fraught with challenges. After exiting the Black …

European Heat Wave Sees Temperatures Reaching 115F in Sardinia as Greece Burns

Europe baked in intense heat, with temperatures reaching almost 46C (115F) on the Italian island of Sardinia on Wednesday, as wildfires continued to rage in Greece. Authorities warned lives were in danger after the latest blast of Saharan heat saw …

AXA Fund to Invest $49 Million in Brazil Reforestation Projects

An alternative investment vehicle controlled by French insurer AXA said on Tuesday it will inject $49 million into reforestation projects in Brazil led by local startup Mombak. AXA IM Alts, which has over 185 billion euros ($208 billion) under management, …