climate change News

Satellites Are Helping the Municipal-Bond Market Assess Climate Risk

The $3.8 trillion municipal-bond market has found a new tool in its effort to understand the impact of climate change: the array of satellites orbiting high above Earth. Assessing climate risks is a particularly vexing problem given that U.S. state …

Australian Wildfires Fan Argument Over Impact of Arsonists

CANBERRA, Australia — What’s to blame for scores of wildfires devastating Australia’s southeast? There’s an increasingly bitter face-off between those who say arson and those who fault climate change. Each side has powerful backers and their weapons of choice are …

Australia’s Capital City Faces Its Worst Wildfire Threat in 17 Years

Canberra, Australia’s capital that’s surrounded by bush, is facing its worst wildfire threat in 17 years as a blaze sparked by a military helicopter approaches the city amid heatwave conditions. Residents in Canberra’s southern suburbs should be vigilant after the …

Past Decade’s Natural Disasters Broke Records for Economic, Insured Losses

The past decade broke new records in terms of economic damages and insured losses, according to Aon’s latest catastrophe report. The costs to global economies reached US$2.98 trillion between 2010 and 2019, which was US$1.19 trillion higher than 2000-2009, said …

Study Finds Greenhouse Gases to Billow on Gulf Coast Petrochemicals Boom

HOUSTON, Jan 14 — A multi-billion dollar boom in petrochemical plants proposed along the U.S. Gulf Coast could pump as much greenhouse gas into the air as 131 coal-fired power plants by 2030, according to a study released on Tuesday …

Deadly Australia Fires Spur Calls to Mitigate Disaster Risk

As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change. Months of out-of-control fires have burnt an area more than five times the size of Wales and industry-wide …

As Wildfires Rage, Australia’s Never Been So Hot and Dry

As massive wildfires devastate swathes of Australia and supercharge the debate over the impact of climate change, government data show the nation has never suffered a hotter or drier year than 2019. The average temperature last year was about 1.5 …

Exxon Prevails Over New York in Climate Accounting Case

Exxon Mobil Corp. won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change, a striking rejection of New York state’s claim that the company misled investors for years. The ruling Tuesday …

California’s Housing Crunch is Pushing Developers Deeper into Dangerous Fire Zones

The Santa Ana winds were blowing as Greg Medeiros ducked behind his Chevy Tahoe on a remote hillside 25 miles from the edge of Los Angeles’s sprawl. He gestured to the valley below, describing his vision of Centennial, the city …

Flood, Fire and Plague: Climate Change Blamed for Disasters

SINGAPORE — Extreme floods in Venice, fires in Australia and even an outbreak of plague in China have been attributed to climate change this week, while researchers have warned that global warming could saddle future generations with life-long illness. Venice …