A newly released report issued by 13 federal agencies on Friday explains in great depth the potential consequences of climate change on the United States and warns that neglecting to take action could drastically impede economic growth over the next century. The report, written with the help of over 1,000 people, including about 300… Continue reading Climate Change Will Severely Affect U.S. Economy: Report
Tag: climate change
Cities Threatened by Climate Risk Still Getting AAA Bond Ratings
Last fall, after a trio of deadly hurricanes, ratings companies warned vulnerable coastal cities to get ready for climate change — or face higher borrowing costs on the $3.9 trillion municipal bond market. Climate advocates cheered, hoping the prospect of downgrades would push local officials to better protect their residents from the effects of global… Continue reading Cities Threatened by Climate Risk Still Getting AAA Bond Ratings
U.N. Panel Warns Drastic Action Needed to Stave Off Climate Change
Rapid, far-reaching changes to almost every facet of society are needed to avoid catastrophic climate change, reforms far beyond anything governments are currently either doing or planning to do, according to a report from a United Nations-led scientific panel. The Intergovernmental Panel on Climate Change made the pronouncement as part of its assessment of climate… Continue reading U.N. Panel Warns Drastic Action Needed to Stave Off Climate Change
Climate Change Is Forcing the Insurance Industry to Recalculate
When a wildfire engulfed the Canadian oil-sands boomtown of Fort McMurray two years ago, it hit insurance company Aviva PLC out of nowhere. The British firm had been active in Canada since 1835. Its actuaries long believed wildfire risk to homes in the area was almost nonexistent, it says. Yet flames on the town’s outskirts… Continue reading Climate Change Is Forcing the Insurance Industry to Recalculate
Businesses Are Urged to Build Resilience to Climate Change Impact: Zurich Insurance
With measures to slash greenhouse gas emissions set to miss their mark, businesses should act now and prepare for a changing climate, according to a report by Zurich Insurance Group. Published ahead of Climate Week NYC, a gathering of investors, governors and CEOs in New York this week, it recommends a three-step strategy to help… Continue reading Businesses Are Urged to Build Resilience to Climate Change Impact: Zurich Insurance