Arctic Expected to Soar 40 Degrees Above Normal This Weekend Climate Change Blamed as Flooding Forces Thousands to Evacuate in Canada Olivia Rosane Apr. 29, 2019 Flooding in four Canadian provinces has forced thousands of people to evacuate, and leaders across the country are blaming climate change. Communities in Manitoba, New Brunswick, Ontario and Quebec are all impacted and both Montreal and Ottawa …
Increasing catastrophes linked to climate change could triple losses on property investments over the next 30 years
Insurers Worry a Financial Crisis May Come From Climate Risks, by William Wilkes, Bloomberg.com, February 22, 2019 Property values may slump as global temperatures increase Record costs for disasters in 2017 and 2018 hit insurers Insurers are increasingly worried that rising temperatures will lead to a slump in property values that could spark broader financial turmoil. Those were the conclusions a …
In December, 415 investors put out a statement warning that unabated climate change could cause $23 trillion in global economic destruction over the next 80 years.
The Next Financial Crisis Could Be Caused by Climate Change: After wildfires bankrupted a major utility, there’s concerns that more severe natural disasters will lead to economic devastation, Geoff Dembicki,VICE, Jan 27 2019 A bike docking station during 2017’s Hurricane Irma in Miami, one of many severe weather events that were likely made worse by climate change. Photo by Joe Raedle/Getty …
New Bangkok park is designed for a future of flooded cities
This new park is designed for a future of flooded cities: Bangkok’s Chulalongkorn Centennial Park can hold a million gallons of rainwater to help control the city’s increasing floods. Fast Company, 22 Aug 2018 By ADELE PETERS Sitting on former swampland in a low-lying river delta, Bangkok has always flooded. In the 1800s, the majority of the population lived in floating homes and …
Rhode Island Attorney General sues fossil fuel companies for knowingly contributing to climate change
In a case that he described as the first of its kind in the nation, Kilmartin announced the Superior Court complaint on Monday alongside Gov. Gina Raimondo at the Narragansett seawall, an iconic stretch of Rhode Island’s 400-mile coastline that is under threat in the face of rising seas and more severe storms. NARRAGANSETT — Attorney General Peter F. Kilmartin …
By century end, 2.5 million homes and businesses near the coasts will be at risk of flooding on a regular basis, 26 times a year or more
By ED LEEFELDT MONEYWATCH June 25, 2018, Rising sea levels may create “tipping points” for seaside towns After Superstorm Sandy devastated New Jersey in 2012, singer-songwriter Bruce Springsteen lamented that “the Jersey shore has always been a special place where if you had a few bucks you could own a beach house.” As shoreline communities from the San Francisco Bay to Miami Beach encounter ever higher-reaching …
Hurricanes lingering longer, growing stronger, and sunny day flooding has doubled in last 30 years
A study published Wednesday in the journal Nature focuses on what is known as translation speed, which measures how quickly a storm is moving over an area, say, from Miami to the Florida Panhandle. Between 1949 and 2016, tropical cyclone translation speeds declined 10 percent worldwide, the study says. The storms, in effect, are sticking around places for a longer period …
Properties exposed to rising sea levels sell at a 7% discount to comparable properties not subject to climate-related risk
By David Morris, 21 Apr 2018, Fortune.com, Climate Change Is Already Depressing the Price of Flood-Prone Real Estate New research shows that real estate properties in areas affected by extreme weather and sea level rise are losing value relative to less exposed properties. The effects are already substantial, but they may point to a looming collapse as climate change makes coastal communities untenable. …
Avoid Gulf stream disruption at all costs, scientists warn
How close the world is to a catastrophic collapse of giant ocean currents is unknown, making halting global warming more critical than ever, scientists say By Damian Carrington, Environment editor, Guardian Fri 13 Apr 2018 Other research this week showed that Greenland’s massive ice cap is melting at the fastest rate for at least 450 years. Photograph: Nick Cobbing/Greenpeace Serious disruption to …
Dangerous climate tipping point is ‘about a century ahead of schedule’ warns scientist: A slowing Gulf Stream system means catastrophic East Coast flooding will get much worse
By Joe Romm, 12 April 2018, Climate Progress TAXIS SIT IN A FLOODED LOT AFTER HURRICANE SANDY OCTOBER 30, 2012 IN HOBOKEN, NEW JERSEY. CREDIT: MICHAEL BOCCHIERI/GETTY IMAGES New research provides strong evidence that one of the long-predicted worst-case impacts of climate change — a severe slow-down of the Gulf Stream system — has already started. The system, also known …