Action urgently needed to save the conditions under which markets – and civilisation itself – can operate, says senior Allianz figure The climate crisis is on track to destroy capitalism, a top insurer has warned, with the vast cost of extreme weather impacts leaving the financial sector unable to operate. The world is fast approaching
Texas, along with much of the South, has been subject to a relentless, prolonged heat wave for several weeks – the kind of climate-fueled extreme weather event that scientists have warned us will happen with increasing frequency. This particular event is so extreme that Texas has been hotter than 99% of the Earth. But unlike
Governments need to represent us, not fossil-fuel profiteers. We need plans to phase out fossil fuel production and emissions Canada is on fire from coast to coast to coast. Thousands have been evacuated, millions exposed to air pollution, New York a doom orange and even the titans of Wall Street choking. Catastrophic flooding in Pakistan,
A new study maps the relationship between human-caused warming and California’s summer fires over the past five decades. In the past six years, California has logged three of its five deadliest fires on record, and eight of its 10 biggest. More than 100 people have died, tens of thousands have been displaced, and millions
State Farm will almost entirely stop issuing new policies in California – with climate-exacerbated wildfires and bad public policy a large reason why State Farm, the country’s largest property insurer, announced this week that it will almost entirely stop issuing new policies in California, the country’s largest property insurance market. The reasons for forgoing all
THE MET OFFICE has issued a warning over the impact of extreme weather events on the UK, claiming 500,000 homes are at direct risk of the effects of climate change. A new report by the national weather service shows higher temperatures are the new normal and sea levels are rising much faster than a century ago. This,
We have recently seen the Dandenong and Yarra Ranges lashed by severe storms that have caused widespread damage and taken out major network and NBN infrastructure. Phone coverage is limited, and electricity was cut in large areas that extended into Emerald, Montrose, Belgrave and Croydon. It was the latest sign of Mother Nature flexing her
California needs batteries. When California is on fire, it needs batteries that can keep a home, a hospital, a fire station, a senior center running longer than the four-hour standard of lithium-ion. “What's happened that's brought this to bear has been the wildfires and the contingency issues we have in the PSPS (public-safety power shut-off)
Heat and wildfire smoke force residents to seek respite – and buy cooling systems and air purifiers, if they can afford them. Wildfire smoke had painted the sky orange last week when Sam, a Bay Area resident, plugged in his newest purchase: an air filter with a car adapter that would turn his minivan into
The wildfires devastating huge areas of California are still roaring out of control, with more than two million acres of land devastated and more than 14,000 firefighters fighting the blazes across the state. The latest fires have already made this the state’s worst wildfire season on record – and what are typically the most dangerous