Blog: Extreme Weather
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.
U.S. Announces Major Overhaul of Disaster Relief in Response to Climate Emergencies
The Biden administration's FEMA reforms, effective March 22, 2024, streamline disaster relief with a $750 payment for shelter and new "displacement assistance," enhancing response to climate events.
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.
Record High Cocoa Prices: Impact of Climate on Global Market Trends
Cocoa prices hit a record $5,874 a ton due to dry weather in West Africa, worsened by El Niño. This impacts makers like Hershey and Mondelez, leading to price hikes for consumers.
Climate change driving up inflation in food prices: Study
Uncovering Climate's Grip on Food Prices: New Study Reveals Troubling Findings
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.
Climate Change and Energy Costs Drive UK Food Prices Up, Study Finds
Extreme weather and rising energy costs have raised UK household food bills by £605since 2021, driven by a 60% surge in food costs. El Niño threatens 2024, worsening the crisis.
Global Economic Impacts: Climate Change's Reach from West Africa to India
Andre Mayer's CBC News piece shows climate change's impact on crops and supply chains. From cocoa in West Africa to olive oil in the Mediterranean, urgent measures are needed for resilience.
Climate change could turn up the heat on inflation, according to report
Study Warns of Climate-Induced Inflation Surge: Impact on Global Economy
UN cites conflicts, climate disasters in somber 2024 global economic forecast
UN's Economic Outlook: Addressing Climate-Related Challenges
The Federal Reserve Needs to Get Serious About Climate Change
This summer, extreme weather events have taken a toll on some of North America's most renowned attractions.
Food prices could increase further due to climate change's effect on inflation around the world: Study
Study Warns of Soaring Food Prices Linked to Climate-Driven Inflation Worldwide
The era of "climateflation" is here, study shows
Unveiling 'Climateflation': Study Reveals Global Economic Impacts of Climate Change