Australia Breaks Records for High Temperatures, Low Rainfall as Wildfires Keep Raging January 2, 2020 By Rob Verdonck As massive wildfires devastate swathes of Australia and supercharge the debate over the impact of climate change, government data show...
Climate Forecast for 2020s Is Warmer, Stormier and More Extreme: Opinion December 31, 2019 By Faye Flam, Bloomberg Opinion Over the last decade, scientists learned a great deal about the climate, much of it concerning the connection between global...
Australia’s Wildfire Crisis Intensifies as Locals, Tourists Seek Refuge on Beaches December 31, 2019 By Jason Scott Australia’s wildfire crisis intensified on Tuesday as coastal towns across the southeast caught ablaze, forcing thousands of stranded tourists and...
Venice Floods to Cost St. Mark’s Cathedral at Least $5.5 Million in Damage December 30, 2019 By Colleen Barry “Every stone is a treasure,” says the technical director of St. Mark’s Basilica’s vestry board, indicating the prized gold-leaf mosaics...
Financial Services Industry Must Act Faster on Climate Change: Bank of England Chief December 30, 2019 Financial services have been too slow to cut investment in fossil fuels, a delay that could lead to a sharp...
Venice Hotels Suffer Nearly $34M in Damages from November’s Floods December 23, 2019 Venice’s hoteliers association estimates that the city’s hotels suffered about 30 million euros ($34 million) worth of structural damage during...
Insured Losses in 2019 Estimated at $56B, Down from $93B Last Year: Swiss Re December 20, 2019 Global insured losses in 2019 dropped to an estimated US$56 billion, from US$93 billion in 2018 and below the annual...
European Investors Urge Big-Four Auditors to Take Action on Climate Risks December 2, 2019 By Matthew Green and Simon Jessop European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action...
France to Require Insurers, Banks to Run Climate Change Stress Tests in 2020 December 2, 2019 France’s financial regulator will subject banks and insurers to climate change stress tests next year, central bank governor Francois Villeroy...
Coastal Damages from Climate Change Could Cost U.K. Economy Billions by 2050: WWF November 27, 2019 By Jill Ward The U.K. economy could face hits of more than 12 billion pounds ($15.4 billion) a year by 2050 from coastal...