The numbers below, while large, are likely understating these costs. @climateeconomics.bsky.social sent me this as a better, more accurate analysis: “Climate change has already made the United States poorer” www.pnas.org/doi/10.1073/...

No snow, no ski season: Greenland’s warmest January shuts Nuuk resort Record winter warmth left Nuuk’s ski slopes without enough snow to open this season, highlighting how rapidly Arctic warming is disrupting local economies and winter traditions... www.aljazeera.com/news/2026/3/...

Respondents recognize that rising insurance premiums, higher energy bills, housing instability, and the growing cost of disaster recovery are all connected, and they want policymakers to treat them as parts of a single problem. www.insurancefairnessproject.com/press/new-po...

New @brookings.edu study finds that 18% of US households are "vulnerable" due to high climate risks and low wealth, with another 55% "at risk"...

US drought sparks worries The biggest concern is around agriculture and then food prices. If America has a poor crop year because of the drought, it could be a global problem, as a strong El Nino often reduces crop yield in other places, such as India. apnews.com/article/drou...

The Guardian view on Japan’s cherry blossom: when spring slips out of time The “peak bloom” now occurs around two weeks earlier than in previous centuries Japan’s tourism industry relies on the $9bn a year generated by cherry blossom season www.theguardian.com/commentisfre...

How climate change is threatening the flavour — and future — of India's prized Darjeeling tea "The climate has changed drastically. Because tea is a rain-fed crop, it needs proper rainfall [to come] on time"... www.cbc.ca/news/world/d...

New study shows that "Weather forecasts become more important for reducing mortality as the climate warms" "Faster improvements to accuracy could prevent thousands of deaths each year" Which is probably why the Trump administration is working hard to make sure weather forecasts actually degrade..

New @granthamlse.bsky.social report: -Climate change could reduce GDP per capita by between 3 and 15% by 2050 -Early investment in adaptation would "bolster fiscal stability" by reducing the spending needed on losses from climate change www.argusmedia.com/en/news-and-...

“Risk Data Gap Will Bleed Onto Balance Sheets: the market has not priced the balance sheet risk of losing the data foundations of private market catastrophe models as a result of Trump cuts” www.riskmarketnews.com/trisk-data-g...

“The macroeconomic case for investing in climate adaptation: Economic metrics indicate substantial returns on adaptation investment, with median economic benefit–cost ratios of around 4:1 and economic internal rates of return of around 25%.” www.lse.ac.uk/granthaminst...

Venice will ‘ultimately be lost’ without rapid action, due to “grossly insufficient international efforts to reduce” emissions. A study has compared four potential strategies for adapting the tourism hotspot to future sea-level rise over the next 200 years... www.ft.com/content/a0ff...

"Rating agencies discount longer-term threats; account only for the immediate costs, not the benefits of mitigation, adaptation, and resiliency-building measures; and reward income-generation over proactiveness -- thus making funding less readily available to issuers with more sustainable behavior"

Not saying things like war and AI and inflation aren't really important, but... Our civilisation-sustaining habitat is at risk of collapse, and every kilogram of carbon we choose to add to the atmosphere makes that collapse more likely www.theguardian.com/environment/...

AMOC more likely to collapse than thought This would shift the tropical rainfall belt on which many millions rely to grow their food, plunge western Europe into extreme cold winters and summer droughts, and add 50-100cm to sea levels around the Atlantic www.theguardian.com/environment/...

New @granthamlse.bsky.social report makes the case for investing in adaptation, as this "can yield substantial macroeconomic returns, resulting in a ‘triple dividend’: - preventing losses - stimulating economic activity - providing social and environmental co-benefits" www.lse.ac.uk/granthaminst...

SLR buys Planetrics to turn hazard data into asset-level risk insights for regulators and lenders. A boost for stress tests and climate disclosures. Read more.

Big Oil companies are going all-out to avoid taking responsibility for the harm caused to communities and for driving the climate crisis. They are using an age-old strategy: delay, distort, and deny. But we won’t let them off the hook.

Here's what to expect from the disruption of the federal climate observational network, according to Sarah Kapnick at JP Morgan: "Cost of capital goes up, uncertainty goes up, risk goes up, cost of insurance goes up, because you don't have the information to be able to make decisions."

The market has not priced the balance sheet risk of losing the data foundations of private market catastrophe models as a result of Trump Administration budget cuts, stresses @kellyhereid.bsky.social @libertymutual.com www.riskmarketnews.com/trisk-data-g...

In 2018, when Trump made basically the same claim as Bessent, the Houston Chronicle asked Dan Cohan and Andrew Dessler to write an oped responding to it - there it is: "We're scientists. We know the climate's changing. And we know why." www.theclimatebrink.com/p/were-scien...

New US poll by @insurancefairness.bsky.social: 80% say extreme weather is driving up the cost of living 60% report higher home insurance costs, and 63% expect them to keep rising www.filesforprogress.org/datasets/202...

New research makes the case for a US federal reinsurance programme to alleviate skyrocketing insurance costs. The government would cover only the most extreme catastrophic climate risks, leveraging its lower cost of borrowing capital to help stabilise the housing market.

"The benefits of this transition clearly outweigh its ​costs. Every delayed investment in the energy transition risks greater cost for society at a later stage."

The Iran War has once again led to a bout of what @isabelschnabel.bsky.social memorably dubbed 'fossilflation'. It's en vouge to talk about the solution as some massively complex undertaking. It really isn't. Get off fossil fuels faster. My latest just out @nature.com rdcu.be/fdxig

It is NOT "very difficult" to "deconstruct the reasons" why Scott Bessent does not "believe" in climate change It's been known since 1934: "It is difficult to get a man to understand something, when his salary depends upon his not understanding it" (Upton Sinclair) www.nytimes.com/2026/04/14/b...

-the price measure the US Fed uses to set interest rates only catches about half of the increase of home-insurance premiums in recent years -this disconnect reinforces complaints about the Fed's approach to climate change, with some arguing that the Fed is not taking the issue seriously enough...

"In the Colorado River Basin and the broader western US, water scarcity, wildfire, post-fire debris flows, and ecosystem degradation are already moving credit quality, collateral values, and deposit stability. Most bank risk frameworks don't capture it"...

JP Morgan Is Thinking About Climate Tipping Points "Once markets begin to treat tipping points as decision-relevant rather than theoretical, repricing may come suddenly, unevenly, and across asset classes in ways that reward firms that prepared early"... timefutureproof.beehiiv.com/p/04-10-2026...

Western drought is driving beef prices through the roof. This is just a prologue to the far more serious food-supply disruptions a hotter planet will bring Gift link to my column for @opinion.bloomberg.com www.bloomberg.com/opinion/arti...

California Utility Bills Are 14-19% Higher Due to Wildfires New government report warns that climate change could upend the state’s economy if policymakers don’t act, and recommends ending utilities' liabilities... but stops short of pointing to fossil fuels www.bloomberg.com/news/article...

Reuters and Les Echos in perfect sync about how Trump's war in Iran is boosting the EV market globally

“Chaos caused by climate extremes and worsening consequences of climate change can actually begin to get in the way of acting on climate change.” SCRI Executive Director @laurielaybourn.bsky.social spoke on PBS Weathered about derailment risk.

Andy Silvester: ‘Extreme right-wing+ Russian-aligned groups are using artificial intelligence, bots+content farms in Nigeria+Sri Lanka to drive social media narratives that London is in decline, research published by City Hall shows.’ [I’m a Londoner, truly it’s very much alive]

BP sparks controversy by rejecting shareholder resolution "If fossil fuel demand does start heading south, how will big oil companies respond? So far they’ve been rather reticent on that subject. Will shareholder pressure force them to start taking it more seriously?" www.ft.com/content/2121...

If we push the #AMOC ocean current to collapse, experts warn that the UK will become largely unfit for agriculture. Just let that sink in. This new data calls for a new plan. It's no good working to 'net zero by 2050' devised nearly 20 years ago, before policymakers even knew of this threat.

Why build houses that'll flood? In 2024, 413,000 Europeans were affected by storms and flooding Governments are used to reacting after disasters and investing in rebuilding, even though prevention is often cheaper... europeancorrespondent.com/en/r/why-bui...

'The sand has gone': Portugal's €111m plan as winter storms see beaches retreat up to 20 metres www.euronews.com/2026/04/09/t...

EU insurance, pensions and financial regulators have called for the creation of a €10bn to €65bn pool to close the insurance gap for disasters, which is "undermining resilience and recovery efforts” www.ft.com/content/a149...

El Niño already causes floods, droughts, and crop failures worldwide. A new paper shows warming makes each shock stronger, not (just) because El Niño changes, but because a hotter world is more sensitive. Link in thread.

#ClimateRisk: "Current reporting focuses on direct asset risks, which only capture part of the picture -often the more manageable part- and ignore indirect impacts: infrastructure failures, supply chain disruption, and regional shocks In many cases, these second-order risks exceed direct losses"..

"For years, the focus was on getting organisations to recognise physical #climaterisk. Today, banks, insurers, asset managers, governments, and home buyers acknowledge that climate risk matters But disclosure is replacing understanding and action"... xdi-7735589.hs-sites-ap1.com/is-disclosur...

Nature editorial: ‘Net zero’ isn’t madness: the staggering economic costs of climate change => "delaying action only increases the costs for future generations" www.nature.com/articles/d41...

"No matter where you get your food from, a good chunk of your diet is ultimately reliant on fossil fuels. We already need to change this to tackle climate change, but the Iran war and resulting oil shortage is showing the urgent need to rethink food"... www.newscientist.com/article/2521...

Hawaii faces its 3rd "Kona low" cyclone in a month, piling disaster on places that still haven't recovered from the Maui fires. Climate change is costing Hawaii, and it wants Big Oil to pay. It has a point. Gift link to my column for @opinion.bloomberg.com www.bloomberg.com/opinion/arti...

Why climate change is (already) costing U.S. households (at least) hundreds of dollars a year “Policymakers are often focused on the price of taking action, but these findings highlight that there are also real and growing costs to doing nothing.” markets.businessinsider.com/news/stocks/...

FT Moral Money: The hidden business costs of extreme weather The direct costs of the damage from these disasters are hard to ignore. The ripple effects for businesses are still (much) larger. www.ft.com/content/114d...

As of March 31, nearly 60% of the U.S. was in drought. If the combination of rainfall shortages and unprecedented heat continues, it may have ripple effects through the nation’s food supply, with some products like beef already projected to see prices surge www.washingtonpost.com/climate-envi...

Whatever happens, this is a deeply shameful episode in American history that will leave a permanent stain on the country. Repeatedly vowing to commit war crimes against millions of innocent civilians is beyond the pale.

NY Voters Want Big Oil to Pay for the Home Insurance Crisis As climate impacts intensify, insurers across the country are hiking premiums, dropping policyholders, and leaving markets entirely The question of who should bear those costs has become urgent www.dataforprogress.org/blog/2026/3/...