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Climate crisis

Affordable housing hammered by rising insurance rates

by Nancy Marshall-Genzer
Dec 15, 2023
Insurance premiums for affordable housing operators are already pricier. The pandemic and climate change has pushed the costs even more.
“Underwriters tend to charge about 10% to 15% more than the standard market rate for affordable housing," said Maria Lobo of the global insurance brokerage Gallagher.
George Rose/Getty Images
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UAE intended to use COP28 climate summit to push oil deals

by Justin Rowlatt
Nov 27, 2023
Leaked documents obtained by the BBC show the United Arab Emirates, a major fossil fuel producer, was looking to strike oil deals at COP28.
New documents obtained by the BBC show that the United Arab Emirates planned do business deals involving oil and gas at COP28. Above, an oil drill pump in Dubai.
Giuseppe Cacace/AFP via Getty Images
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What to expect from COP28, the annual U.N. climate summit

by David Brancaccio and Alex Schroeder
Nov 27, 2023
The two-week United Nations summit on climate change will kick off on Nov. 30 and take place in Dubai this year.
Sultan Al Jaber, the head of the United Arab Emirates' state-owned oil company, is serving as president of COP28.
Bryan Bedder/Getty Images for Bloomberg Philanthropies
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A Warmer World

More than 130 major companies press world leaders to phase out fossil fuels by 2035

by Nova Safo
Oct 24, 2023
Companies including Ikea, Nestle, Unilever and Volvo are saying that they're already grappling with the costs of the climate crisis.
Unilever is among the companies that signed on to a recent letter ahead of COP28 urging world leaders to cut fossil fuel use.
Christopher Furlong/Getty Images
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A Warmer World

Rising temperatures threaten the Mediterranean's tourism industry

by Guy Hedgecoe
Oct 12, 2023
Temperatures are increasing in the Mediterranean 20% faster than the global average. That's likely to have an impact on tourism.
A man cools off at a fountain in Xàtiva, in eastern Spain, during a heatwave on Aug. 10.
Jose Jordan/AFP via Getty Images
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A Warmer World

A plan for alleviating poverty and climate change

by Sabri Ben-Achour and Alex Schroeder
Sep 22, 2023
The two challenges are interrelated, and a new report from the McKinsey Global Institute says they must be addressed in tandem.
It'll take investment equal to about 8% of global GDP annually to close both the economic empowerment gap and the net-zero transition gap, according to the McKinsey Global Institute,
China Photos/Getty Images
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A Warmer World

Citrus industry flowers in Georgia as winters get warmer

by Emily Jones
Sep 5, 2023
Citrus, a relatively new crop for the state, is taking root thanks to the combined forces of climate change, crop science and disease in Florida.
Jake Price, a scientist at the University of Georgia, walks among citrus trees he’s growing as part of an experiment to find varieties that can withstand cold weather.
Emily Jones/WABE/Grist
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More Americans are going without homeowners insurance. That could spell trouble.

by Samantha Fields
Aug 29, 2023
They're dropping coverage as premiums rise and protection shrinks, despite extreme weather brought on by climate change.
A couple in the Gulf Coast community of Steinhatchee, Florida, board up their house in preparation for Hurricane Idalia on Tuesday.
Chandan Khanna/AFP via Getty Images
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A Warmer World

Just half of CEOs see climate change as a risk to their business

by Samantha Fields
Aug 23, 2023
Even fewer are preparing for it.
Homes destroyed by the wildfire in Lahaina, Hawaii. Despite multiple severe weather events this summer, only a small minority of CEOs say climate change poses a "serious" risk to their business.
Justin Sullivan/Getty Images
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A Warmer World

Nonprofit lenders compete to distribute $27 billion for greenhouse gas reduction projects

by Elizabeth Trovall
Aug 14, 2023
The money, mandated by the Inflation Reduction Act, will be invested in heat pumps, electric vehicle infrastructure and other systems.
Grants from the Greenhouse Gas Reduction Fund can go toward initiatives like boosting electric vehicle infrastructure.
Justin Sullivan/Getty Images
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