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New Federal Report Warns of Financial Havoc From Climate Change

WASHINGTON — A report commissioned by federal regulators overseeing the nation’s commodities markets has concluded that climate change threatens U.S. financial markets, as the costs of wildfires, storms, droughts and floods spread through insurance and mortgage markets, pension funds and other financial institutions.

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Damage from whopper hurricanes rising for many reasons

 ...America and the world are getting more frequent and bigger multibillion dollar tropical catastrophes like Hurricane Laura, which is menacing the U.S. Gulf Coast, because of a combination of increased coastal development, natural climate cycles, reductions in air pollution and man-made climate change, experts say.

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First Methane Leak Found on Antarctic Sea Floor, Confirming Researchers' Fears

Scientists have, for the first time, discovered an active leak of methane gas from the sea floor in Antarctica. It is a process that's likely to accelerate the process of global heating.

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‘Urgent’ Need for Businesses to Adapt to Growing Threat from Climate Change, McKinsey Says

           

A dog looks out of a house flooded by Hurricane Maria, in Catano town, Juana Matos, Puerto Rico, on September 21, 2017.  Hector Retamal | AFP | Getty Images

CLICK HERE - REPORT - Climate risk and response: Physical hazards and socioeconomic impacts - January 2020

cnbc.com - by Pippa Stevens - January 16, 2020

KEY POINTS

McKinsey said trillions of dollars in economic activity and hundreds of millions lives are at risk from a changing climate.

“Much as thinking about information systems and cyber-risks has become integrated into corporate and public-sector decision making, climate change and its resulting risks will also need to feature as a major factor in decisions,” McKinsey Global Institute director Jonathan Woetzel said.

BlackRock CEO Larry Fink warned this week that the intensifying climate crisis will bring about a fundamental reshaping of finance, with a significant reallocation of capital set to take place “sooner than most anticipate.”

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Oceans are Warming at the Same Rate as if Five Hiroshima Bombs Were Dropped in Every Second

           

CLICK HERE - STUDY - Record-Setting Ocean Warmth Continued in 2019

cnn.com - by  Ivana Kottasová - January 13, 2020

The world's oceans are now heating at the same rate as if five Hiroshima atomic bombs were dropped into the water every second, scientists have said.

A new study released on Monday showed that 2019 was yet another year of record-setting ocean warming, with water temperatures reaching the highest temperature ever recorded.

An international team of 14 scientists examined data going back to the 1950s, looking at temperatures from the ocean surface to 2,000 meters deep. The study, which was published in the journal Advances in Atmospheric Sciences, also showed that the oceans are warming at an increasing speed.

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Australia's Indigenous People Have a Solution for the Country's Bushfires. And It's Been Around for 50,000 Years

           

ADELAIDE HILLS - MFS fire crews fight a bushfire on Wattle Road in Kersbrook, on January 2, 2015 in Adelaide Hills, Australia. (Photo by Campbell Brodie/Newspix/Getty Images)

cnn.com - by Leah Asmelash - January 12, 2020

The fires in Australia have been burning for months, consuming nearly 18 million acres of land, causing thousands to evacuate and killing potentially millions of animals . . .

 . . . The Australian state of New South Wales, where both Sydney and Canberra are located, declared a state of emergency this week, as worsening weather conditions could lead to even greater fire danger.

But a 50,000-year-old solution could exist: Aboriginal burning practices.

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