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Investors Are “Flying Blind” to Risk of Climate Lawsuits
Polluting companies could be liable for trillions in damages from climate lawsuits. But few investors and regulators are taking these risks into account when evaluating companies’ climate-related financial risks. Experts call for an overhaul in how climate litigation risks are assessed and provides a new framework for doing so.
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Where Damaging Earthquakes Are Most Likely to Occur in U.S.
Scientists recently revealed the latest National Seismic Hazard Model, showing that nearly 75% of the United States could experience a damaging earthquake, emphasizing seismic hazards span a significant part of the country.
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Predicting Flood Risk from Hurricanes in a Warming Climate
Coastal cities and communities will face more frequent major hurricanes with climate change in the coming years. Using New York as a test case, a model developed by MIT scientists predicts flooding at the level experienced during Hurricane Sandy will occur roughly every 30 years by the end of this century.
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Bolstering Disaster Resilience
NIST and NSF have awarded nearly $7.1 million in grants to fund research that will improve the ability of buildings, infrastructure and communities to withstand severe natural hazards.
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Damaging Thunderstorm Winds Increasing in Central U.S.
Destructive winds that flow out of thunderstorms in the central United States are becoming more widespread with warming temperatures. New research shows that the central U.S. experienced a fivefold increase in the geographic area affected by damaging thunderstorm straight line winds in the past 40 years.
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Proactively Planning for Community Relocation Before and After Climate Disasters
Between 1980 and mid-2023, 232 billion-dollar disasters occurred in the U.S. Gulf Coast region, with the number of disasters doubling annually since 2018. As the frequency, intensity, and destructiveness of climate change-driven disasters increase, accompanied by an increase in recovery costs, more experts are calling for a managed retreat of entire communities from disaster-prone areas to safer ground.
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Iceland Battles a Lava Flow: Countries Have Built Barriers and Tried Explosives in the Past, but It’s Hard to Stop Molten Rock
Fountains of lava erupted from the Sundhnúkur volcanic system in southwest Iceland on Jan. 14, 2024, invading the outskirts of the coastal town of Grindavík. Humans have tried many ways to stop lava in the past, from attempting to freeze it in place by cooling it with sea water, to using explosives to disrupt its supply, to building earthen barriers. It’s too soon to say if Iceland’s earthworks will succeed in saving Grindavík, a town of about 3,500 residents, and a nearby geothermal power plant.
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How to Prevent America’s Aging Buildings from Collapsing – 4 High-Profile Disasters Send a Warning
Many cities have buildings showing signs of aging and in need of repair. Four recent catastrophic building collapses and a near miss are raising concerns about the state of America’s aging buildings and questions about who, if anyone, is checking their safety.
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Texas Regulators Limit Oil and Gas Disposal Wells in Bid to Reduce Earthquakes in West Texas
Injecting saltwater back into the ground “is likely contributing to recent seismic activity,” the Railroad Commission of Texas has said.
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2023’s Billion-Dollar Disasters List Shattered the U.S. Record with 28 Big Weather and Climate Disasters Amid Earth’s Hottest Year on Record
The U.S. set an unwelcome record for weather and climate disasters in 2023, with 28 disasters that exceeded more than US$1 billion in damage each. While it wasn’t the most expensive year overall – the costliest years included multiple hurricane strikes – it had the highest number of billion-dollar storms, floods, droughts and fires of any year since counting began in 1980, with six more than any other year, accounting for inflation.
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Coastal Populations Set to Age Sharply in the Face of Climate Migration
As climate change fuels sea level rise, younger people will migrate inland, leaving aging coastal populations — and a host of consequences — in their wake. While destination cities will work to sustainably accommodate swelling populations, aging coastal communities will confront stark new challenges.
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Extreme Weather Cost $80 Billion in 2023. The True Price Is Far Higher.
The U.S. saw 25 billion-dollar weather disasters in 2023 — more than ever before. 2024 could be worse. Congress has long punted on reforming FEMA and the nation’s disaster relief policy, but it’s only a matter of time before there’s a disaster bad enough that legislators feel pressure to act. That catastrophe didn’t arrive in in 2023, but it is surely coming.
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Number of People Affected by Tropical Cyclones Has Increased Sharply Since 2002
The number of people affected by tropical cyclones has nearly doubled from 2002 to 2019, reaching nearly 800 million people in 2019, according to a new study. More people are affected by tropical cyclones in Asia than any other region, but every affected world region saw an increase in the number of people exposed to tropical cyclones, which are expected to become more intense and possibly more frequent as the climate warms.
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Future Floods: Global Warming Intensifies Heavy Rain – Even More Than Expected
The intensity and frequency of extreme rainfall increases exponentially with global warming, a new study finds. The study shows that state-of-the-art climate models significantly underestimate how much extreme rainfall increases under global warming – meaning that extreme rainfall could increase quicker than climate models suggest.
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From NYC to D.C. and Beyond, Cities on the East Coast Are Sinking
Major cities on the U.S. Atlantic coast are sinking, in some cases as much as 5 millimeters per year – a decline at the ocean’s edge that well outpaces global sea level rise. Particularly hard hit population centers such as New York City and Long Island, Baltimore, and Virginia Beach and Norfolk are seeing areas of rapid “subsidence,” or sinking land, alongside more slowly sinking or relatively stable ground, increasing the risk to roadways, runways, building foundations, rail lines, and pipelines.
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The long view
Revising the Cost of Climate Change
Climate scientists have warned of calamitous consequences if global temperatures continue their rise. But macroeconomists have largely told a less alarming story, predicting modest reductions in productivity and spending as the world warms. Until now. New study of economic toll yields projections ‘six times larger than previous estimates’.
Efforts to Build Wildfire Resilience Are Heating Up
Stanford’s campus has become a living lab for testing innovative fire management techniques, from AI-powered environmental sensors to a firebreak-creating “BurnBot.”
Autonomous Disaster Response Technology Successfully Applied to Fire Extinguishing System of a 3,200-ton Vessel
An innovative technology for autonomously responding, without crew intervention, to ruptures to the pipes within the fire extinguishing system of vessels has been successfully verified for the first time in Korea.
Reducing Vulnerability to Sea-Level Rise in Virginia
As the climate changes and sea levels rise, there is concern that sinking coastlines could exacerbate risks to infrastructure, as well as human and environmental health in coastal communities. The Virginia Coastal Plain is one of the fastest-sinking regions on the East Coast.