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Category: ECO_COSTS_CN

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How the World’s Richest People Are Driving Global Warming

By Eric Roston, Leslie Kaufman and Others Photo: Jeremy Suyker

It’s the bedrock idea underpinning global climate politics: Countries that got rich by spewing greenhouse gasses have a responsibility to cut emissions faster than those that didn’t while putting up money to help poor nations adapt.
This framework made sense at the dawn of climate diplomacy. Back in 1990, almost two-thirds of all disparities in emissions could be explained by national rankings of pollution. But after more than three decades of rising income inequality worldwide, what if gaps between nation states are no longer the best way to understand the problem?

03/24/22
                                                               

Longer, more frequent outages afflict the U.S. power grid as states fail to prepare for climate change

By Douglas MacMillan and Will Englund Photo: Cornell Watson

Every time a storm lashes the Carolina coast, the power lines on Tonye Gray’s street go down, cutting her lights and air conditioning. After Hurricane Florence in 2018, Gray went three days with no way to refrigerate medicine for her multiple sclerosis or pump the floodwater out of her basement.

10/24/21
                                                               

U.S. Warns Climate Poses ‘Emerging Threat’ to Financial System

By Alan Rappeport and Christopher Flavelle Photo: Stefani Reynolds for The New York Times

A Financial Stability Oversight Council report could lead to more regulatory action and disclosure requirements for banks.

10/21/21
                                                               
NPR

Floods threaten to shut down a quarter of U.S. roads and critical buildings

By Jeffrey Pierre

A quarter of the roads in the United States would be impassable during a flood, according to a new study by First Street Foundation that looks at flooding threats to the country’s critical infrastructure.

10/14/21
                                                               

Rising Temperatures Will Change Air Conditioning Use—But Not How You Might Expect

By Molly Taft Photo: Altaf Qadri (AP)

After a summer of deadly heat, the future of air conditioning in a world marked by rising temperatures has come sharply into focus. While some research has indicated we could “essentially cook ourselves” if the world collectively turns on the air conditioning in the face of more extreme heat, a new study shows the reality may be slightly different. And in some ways, the findings are even more worrisome.

10/13/21
                                                               

Disaster fatigue is getting worse with more billion-dollar extreme weather events

By Jen Brady Photo: Getty Images/Twitter

Major hurricanes are devastating coastal communities and bringing flooding thousands of miles inland. Wildfires are burning for months. Heatwaves are scorching places where people don’t have air conditioning. Events like these have all happened just this year, and they contributed to another huge annual bill of billion-dollar disasters tracked by National Oceanic and Atmospheric Administration (NOAA). The cleanup and recovery from these events can take weeks, months, even years. According to our recent analysis at Climate Central, that recovery time between events is shrinking: The United States is now averaging a billion-dollar disaster every 20 days.

10/10/21
                                                               

After Hurricane Ida, Oil Infrastructure Springs Dozens of Leaks

By Blacki Migliozzi and Hiroko Tabuchi

When Hurricane Ida barreled into the Louisiana coast with near 150 mile-per-hour winds on Aug. 30, it left a trail of destruction. The storm also triggered the most oil spills detected from space after a weather event in the Gulf of Mexico since the federal government started using satellites to track spills and leaks a decade ago.

09/26/21
                                                               
AP

AgCenter: Ida agriculture damage at least $584M in Louisiana

Photo: Olivia McClure/LSU AgCenter via AP

Hurricane Ida’s winds and floods did at least $584 million in damage to agriculture in Louisiana, experts at the LSU AgCenter estimate. More than half of that — $315.9 million — is timber damage, with another $207 million, or 35% of the total, in damage to buildings, equipment and other infrastructure, economist Kurt Guidry said.

09/24/21
                                                               

Can the economy afford NOT to fight climate change?

By Dana Nuccitelli

Those opposing a fast transition to renewable energy and other aggressive action to fight catastrophic climate change often argue that the economic costs would be too great. Now, with the proliferation of extreme hurricanes, droughts, floods, wildfires, and other disasters linked to a changing climate, it has grown more apparent that the status quo also carries a cost – defined as the “social cost” of carbon.

09/19/21
                                                               

Climate Change Is Bankrupting America’s Small Towns

By Christopher Flavelle Photo: Mike Belleme , The New York Times

 It’s been almost five years since Hurricane Matthew flooded this small town on the coastal plain of North Carolina. But somehow, the damage keeps getting worse.

09/02/21