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☆ A 9-year-old boy mistook a millionaire for a homeless man and gave him his last dollar, report says
▼ + stars: | 2024-05-05 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

A nine-year-old boy mistook a businessman as homeless and gave him his last dollar. AdvertisementA nine-year-old boy in Baton Rouge, Louisiana, mistook a businessman as homeless and gave him his last dollar, local news outlet WBRZ reported. As he finished, nine-year-old Kelvin Ellis Jr. approached him with his hand held out, thinking Busbice was a homeless man. Because if you are, here's a dollar,'" Ellis Jr. recalled, adding that he had always wanted to help a homeless person. As a thank you for the kind gesture, Busbice bought Ellis Jr. breakfast as well as a coffee for his father.

Persons: Matt Busbice, Busbice, hadn't, —, Kelvin Ellis Jr, Ellis Jr, Ellis, WBRZ, Hurricane Ida Organizations: Service, CBS News, Ellis Jr Locations: Baton Rouge , Louisiana, Louisiana

☆ 4 party entrepreneurs bought 'Beer Can Island' in Florida's Tampa Bay for $63,000. They're now selling it for $14 million.
▼ + stars: | 2024-03-23 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

'Beer Can Island' in Florida's Tampa Bay has been listed for sale at $14.2 million. AdvertisementA party venue with a difference in Florida's Tampa Bay is up for sale for $14.2 million. Pine Key is an island in the middle of Tampa Bay, created by a state dredging project. Others weren't so keen on the friends' business planWhile many enjoyed the friends' decision to pimp out the island, some were less sure. Last year, it was submerged under five feet of water during Hurricane Idalia, the Tampa Bay Times reported.

Persons: —, Russell Loomis, We've, we're, Loomis, It's, Cole Weaver, James Wester, John Gadd, They've, Weaver, Hurricane Idalia Organizations: Service, The Times, Times, Fox, Tampa Bay Times Locations: Florida's Tampa, London, Tampa Bay, Weaver, Hurricane

☆ What the SEC climate disclosure rule may mean for investors
▼ + stars: | 2024-03-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Climate disclosures would be made in annual filings companies make to the SEC, such as a Form 10-K, and in registration statements filed before an initial public offering. "I think climate disclosures have largely become table stakes for the investment community," said Lindsey Stewart, director of investment stewardship research at Morningstar. Current climate disclosures are 'uncommon'Ships on the Panama Canal on August 21, 2023. Shipping experts fear such events could become the new normal as rainfall shortfalls highlight climate risks. The SEC proposal outlined three tiers of emissions disclosures: Scopes 1, 2 and 3.

Persons: Gary Gensler, Win Mcnamee, —, Lindsey Stewart, Daniel Gonzalez, Stewart, They'd, Rachel Curley, Hurricane Idalia, Christian Monterrosa, Cowen, Patrick McHenry, Sen, Tim Scott, Bill Huizenga, Chris Ratcliffe, They're Organizations: Securities, Exchange, Financial Services, General, Getty, The Securities, Exchange Commission, SEC, Morningstar, Panama Canal Authority, Shipping, Anadolu Agency, P Global, Corporations, U.S . Sustainable Investment, Hurricane, Bloomberg, Republicans, Economic, Deloitte Locations: Washington, Panama, U.S, Cedar Key , Florida, R

☆ Hurricane season 2024: Unprecedented ocean heat and La Niña could combine with dangerous effect
▼ + stars: | 2024-02-18 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

CNN —Hurricane season is months away, but the waters where hurricanes roam haven’t received the memo. North Atlantic temperatures typically only go up from here, climbing in spring and reaching a maximum in early fall when hurricane season also peaks. The earlier La Niña arrives, the sooner it would influence hurricane season. “If you don’t want an active hurricane season, you would need La Niña to wait as long as possible to begin,” McNoldy said. Forecasters with NOAA’s Climate Prediction Center believe La Niña could arrive as soon as summer, but more likely by fall.

Persons: haven’t, ” Brian McNoldy, “ We’ll, hasn’t, McNoldy, ” McNoldy, “, ”, Phil Klotzbach, Niña, Klotzbach, Rita, Irene, ” Klotzbach, El, Patrick T, Fallon, It’s, don’t Organizations: CNN, Hurricane, University of Miami, Central America, Colorado State University ., Getty Locations: West Africa, Central, Pacific, percolate, Hurricane, LaPlace, Louisiana, AFP

Nearly half of all flash flood deaths are vehicle-related, experts say, which is why you should never drive into a flooded street. Here’s what to do in advance — and in the moment — to get through a flash flood safely. A “flash flood warning” means a flash flood is imminent or already occurring, and you should immediately move to higher ground if you’re outside or in a basement apartment. The most dire alert is a “flash flood emergency,” which indicates that not only is flooding occurring, but it’s posing a severe threat to human life. “People need to realize that most people who lose their footing in a flash flood don’t get out,” she said.

Persons: there’s, ”, Bonnie Schneider, Schneider, it’s, Hurricane Ida, You’ll, Ready.gov, David Markenson, ‘ It’s, Sabine Marx, I’m, Julie Munger, Munger, “, Dr, Markenson, you’re, don’t, they’re, Ms, Lynn Burttschell, Burttschell, Eugene Resnick, ’, ” Susan Shain Organizations: National Weather Service, Federal Emergency Management Agency, Cross Training Services, Columbia University’s National Center for Disaster Preparedness, Sierra Rescue, FEMA, Wimberley, Metropolitan Transportation Authority, New York Times Locations: United States, New York City, New York, Madison, Wis

“This experimental graphic will help better convey wind hazard risk inland in addition to coastal wind hazards,” the center said in the post. Heavy rains and strong winds can be deadly and cause significant damage inland, which happened in 2022 with Hurricane Ian, when 149 people died in Florida. The goal of the expanded forecast cone is to make sure people who don't live along a coast are aware of the dangers they could still face, said Jamie Rhome, deputy director of the hurricane center. Ian produced between 10 and 20 inches (51 centimeters) of rain across much of central Florida, the hurricane center reported. Only Hurricane Idalia struck the U.S., coming ashore in the lightly-populated Big Bend region of Florida's Gulf Coast but also causing significant inland flooding.

Persons: Hurricane Ian, Jamie Rhome, ” Rhome, Ian, Ian slogged, Chad Jorgensen, Alberto, Idalia Organizations: National Hurricane Center, Hurricane, Fire, National Oceanic, Atmospheric Administration Locations: PETERSBURG, Fla, The Miami, Florida, Fort Myers, Orlando, Kissimmee, Daytona Beach, Florida’s, DeSoto County, U.S, Florida's Gulf

☆ Oil prices gain $1 on strong U.S. economic growth
▼ + stars: | 2024-01-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Oil prices gained steam Thursday on stronger than expected U.S. economic growth, stimulus in China and falling domestic crude stockpiles. The U.S. economy grew 3.3% in the fourth quarter of 2023, soundly beating the Wall Street consensus estimate of 2%. Commercial crude oil stockpiles in the U.S. declined by 9.2 million barrels during the week ended Jan. 19, according to the Energy Information Agency. The stockpile decline is due to U.S. production taking a hit from a winter storm earlier this month, according to John Evans with PVM Oil Associates. U.S. production declined by 1 million barrels per day to 12.3 million bpd last week, according to estimates from the EIA.

Persons: Brent, John Evans, Ida, Ryan Grabinski, Grabinski, Evans Organizations: West Texas Intermediate, Energy Information Agency, PVM Oil Associates, Strategas Securities, Wednesday, CNBC PRO Locations: China, U.S, North Dakota, North America, Aden, Yemen, Iran, Iraq

☆ US Launches Disaster Relief Reforms as Climate-Driven Events Rise
▼ + stars: | 2024-01-19 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

WASHINGTON (Reuters) - U.S. President Joe Biden's administration on Friday said it was launching the most major reforms to disaster management relief in two decades as climate change-driven extreme weather events, such as floods and fires, increase. The Federal Emergency Management Agency (FEMA) reforms of its federal assistance policies and expanded benefits for disaster survivors aim to cut red tape that victims have said makes it difficult for them to access resources after a disaster. FEMA said the reforms follow feedback from disaster survivors. Previously, the payment was assessed on a disaster-to-disaster basis. FEMA said the changes will take effect for new disasters declared on, or after March 22, 2024.

Persons: Joe Biden's, ”, Deanne, Valerie Volcovici, Sharon Singleton Organizations: WASHINGTON, Federal Emergency Management Agency, FEMA, U.S, Small Business Administration Locations: U.S, Maui, California

☆ A critical climate goal may be ‘deader than a doornail,’ and scientists are bitterly divided over it
▼ + stars: | 2024-01-18 | by ( Laura Paddison | ) edition.cnn.com time to read: +10 min

“Anybody who understands the physics knows that.”Hansen’s words have heft — he is widely credited as the first scientist to publicly sound the alarm on climate change in the 1980s. Climate change is fueling storms in both the summer and winter. The year came within a whisker of breaching 1.5 degrees, according to data from the Copernicus Climate Change Service. “For all practical purposes we are only going to be looking at 1.5 degrees in the rearview mirror,” he said. Why 1.5 mattersFew scientists will dispute that the world faces a daunting path to limit warming to 1.5 degrees.

Persons: James Hansen, Lauren Owens Lambert, I’ve, Jim, ”, Michael Mann, Hansen, Friederike Otto, “, it’s, Niño, Hurricane Idalia, Joe Raedle, ” Otto, –, Storm Daniel, Karim Sahib, Bill McGuire, ” McGuire, Chris Smith, El Niño, Mann, Samantha Burgess, Copernicus, Otto said, ’ ” Smith, “ we’ve, McGuire, Otto Organizations: CNN, Getty, University of Pennsylvania, Imperial College London’s Grantham Institute, “, United, Hurricane, University College London, University of Leeds Locations: Hampton , New Hampshire, AFP, United States, Europe, Tarpon Springs , Florida, Paris, Libya's, Derna, kilter

☆ To Combat Climate Change, Builders Create Greener—and Tougher—Homes
▼ + stars: | 2023-12-01 | by ( Arian Campo-Flores | ) www.wsj.com time to read: 1 min

CORTEZ, Fla.— William Fulford ’s home in a new development here didn’t lose power when Hurricane Idalia struck Florida’s Gulf Coast in August, leading to many outages in the area. It also escaped with no damage or water intrusion. The trick to its survival: The $1.3 million home built last year to be energy efficient is also great at withstanding major storms.

Persons: — William Fulford ’, Hurricane Idalia Locations: CORTEZ, Fla, —, Florida’s Gulf Coast

FORT LAUDERDALE, Fla. (AP) — A busy hurricane season that saw the National Hurricane Center in Miami issue the first-ever tropical storm warning for the coast of California and hurricane warnings as far north as Nova Scotia is coming to a close Thursday night. “The 2023 hurricane season does show that we can get impacts just about everywhere," said Michael Brennan, director of the hurricane center. A year earlier, a strong storm surge during Hurricane Ian resulted in multiple deaths and significant destruction across southwest Florida. She said she's more than relieved hurricane season is ending. “So it's either hurricane season, or you're getting ready for the next hurricane season," he said.

Persons: —, Michael Brennan, Hurricane Lee, Hurricane Otis, ” Brennan, Brennan, Ian, Danielle DeLoach, Nicole, DeLoach, “, they’re, ” DeLoach, they'll, ___ Fischer Organizations: National Hurricane Center, Hurricane, Florida Gulf, U.S . East, Atmospheric Administration, Ocean Locations: FORT LAUDERDALE, Fla, Miami, California, Nova Scotia, Southern California, Florida, Florida Gulf Coast, U.S . East Coast, New England, Mexico, Acapulco, Atlantic, Gulf Coast of Florida, Florida's, Tropic Shores, Daytona Beach Shores

☆ Why Did Hurricane Otis Get So Deadly So Fast? America’s Top Expert Explains
▼ + stars: | 2023-11-05 | by ( Eric Niiler | ) www.wsj.com time to read: 1 min

This year’s Atlantic hurricane season has been above normal, with 20 named storms—three of which reached the U.S. In August, Tropical Storm Harold struck Texas with winds of around 45 mph, causing minor damage, and Hurricane Idalia battered northeast Florida’s Big Bend region with 125 mph winds, leaving four people dead. Tropical Storm Ophelia hit North Carolina with 70 mph winds in September before dissipating—although its remnants then dumped up to 8 inches of rain on New York City.

Persons: Harold, Ophelia Organizations: Tropical Locations: Texas, Big Bend, North Carolina, New York City

WASHINGTON (AP) — The White House is asking lawmakers for more than $23 billion in emergency funding to help the government respond to the tornadoes, wildfires, hurricanes and other natural disasters that have ripped through the U.S. this year. That request is part of a broader package being sent to Capitol Hill Wednesday that asks for additional investments in child care programs and broadband expansion. And that’s on top of the separate, nearly $106 billion request the Biden administration made last week for aid to Ukraine and Israel, as well as other national security priorities. About $2.8 billion is set aside for the Department of Housing and Urban Development to deal with housing needs arising from natural disasters, while another $2.8 billion is allocated for aid funneled through the Department of Agriculture to farmers and ranchers who have suffered from crop losses. The White House is also asking for money to repair damaged roads, help schools in disaster-hit areas and bolster loans for small businesses in such communities.

Persons: Biden, Joe Biden, ” Biden, Idalia Organizations: WASHINGTON, U.S, Capitol Hill, Federal Emergency Management Agency, FEMA, Department of Housing, Urban Development, Department of Agriculture Locations: Ukraine, Israel, Hawaii, Florida, California, Vermont, Fla

On Tuesday morning, few meteorologists were talking about Tropical Storm Otis. At that time, forecast computer models didn’t show much to be concerned about. By Sunday evening, the computer forecast models were still not showing much. This is why meteorologists often preach that a computer model isn’t a forecast — forecasters create forecasts, they like to say. On Monday evening, with Otis still a tropical storm, satellite images revealed a little feature that could mean that the storm was about to intensify very quickly.

Persons: Tropical Storm Otis, Otis, Zach Levitt, Tomer, we’re, Eric Blake, Hurricane Otis Organizations: Tropical Storm, National, U.S, National Hurricane Center, Otis, Hurricane Locations: Mexico, Tomer Burg, Florida, @burgwx, Acapulco

☆ Floridians are relocating to the center of the state to try to avoid hurricanes — and high insurance premiums
▼ + stars: | 2023-10-08 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementSome Floridians are leaving their coastal homes due to the risk of extreme weather events and increasing insurance premiums —but they aren't going too far. They were happy to move far away from not only the risk of extreme weather events, but also the rising insurance premiums tied to coastal communities. Ocala, Florida John Coletti/Getty ImagesOf course, Ocala is not completely immune to hurricanes, as the Journal noted 2017's Hurricane Irma caused some power outages and flooding. Ocala, Florida Michael Warren/Getty ImagesThe average insurance premiums for Florida residents has tripled in the past five years, according to Insurance Information Institute data collected by the Journal. Danny Collins, who lives in Hobe Sound, Florida, just north of West Palm Beach, previously told Insider his mortgage jumped $1,000 under new insurance premiums.

Persons: —, Courtney Moody, Moody, it's, she's, Ocala , Florida John Coletti, Irma, Jo Anne, Ed Lewis, Bonita Springs . Ocala , Florida Michael Warren, Danny Collins, Bob Stephens Organizations: Ocala, Alpha, Service, Wall Street, Ocala Police Department, Getty, Florida, Insurance, Journal, Farmers Group, West Palm Beach, Dade Locations: Florida, South Florida, Ocala, Orlando, Sunshine, Miami, Ocala , Florida, Bonita Springs, Bonita Springs . Ocala , Florida, Hobe Sound, West Palm, Marathon . Ocala, Marion, Dade County, that's

☆ New York's floods weren't a one-off — here's how the city is preparing for the future
▼ + stars: | 2023-10-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

The same idea could be applied to create cloudburst gardens. Source: New York City Department of Environmental ProtectionNew York City environmental agencies are also working on installing rain gardens. Roughly 12,000 rain gardens have already been installed in New York City sidewalks, according to Aggarwala. Rain gardens line a sidewalk in Queens, NY. Source: NYC WaterAlong with extreme rainstorms, the climate chief is equally or more concerned about the threat of extreme heat, which causes more fatalities in the city rainfall.

Persons: Fatih Aktas, Rohit Aggarwala, today's, Winters, Hurricane Henri, Hurricane Ida, Nelson Vaz, Marc Wouters, Eric Adams, Aggarwala, Kathy Hochul Organizations: Anadolu Agency, Getty, New, York, CNBC, Hurricane, National Weather Service, Bronx and, New York City Department of Environmental Locations: Williamsburg , New York, United States, New York, York City, York, Miami, Jamaica, Queens , NY, Queens, Bronx, Bronx and Brooklyn, New York City, Staten Island, Staten, New, Yorker

☆ The rest of 2023 hurricane season in 'uncharted waters' because of El Niño, record ocean temperatures
▼ + stars: | 2023-10-03 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

CNN —Experts fear an already active hurricane season could come to an eventful and exceptional end as unusually warm, storm-boosting ocean temperatures and a slow-to-emerge El Niño combine. The first half of October is typically the final stretch of the busiest time of the Atlantic hurricane season. The battle between warm ocean water and the effect of El Niño has posed a forecasting challenge throughout this hurricane season, as one factor is seemingly negating the other. “Usually as we get into the back half of the hurricane season, El Niño tends to dominate, even if the Atlantic is warm. “Is El Niño at some point going to say, ‘Forget this, I’m in charge?’” Klotzbach said.

Persons: Phil Klotzbach, Hurricane Lee, Brian McNoldy, El Niño, Fischer, Klotzbach, we’ve, ” Michael Fischer, ” Fischer, Idalia, Lee –, El, ” Klotzbach, “, ” Organizations: CNN, Colorado State University, Atlantic, Hurricane, University of Miami Locations: Gulf of Mexico, Bahamas, Caribbean, Florida, Africa, Bermuda, East, El

☆ Climate change could impose 'substantial financial costs' on U.S. household finances, Treasury warns
▼ + stars: | 2023-10-02 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Between 2018 and 2022, weather and climate disasters cost more than $617 billion, it found — a record. Transportation of food and goods may also be hit by climate events, leading to more delays and shortages on store shelves. "Food insecurity disproportionately impacts lower-income households, families led by single mothers, families with children, and households in Southern states." Climate events can also lead to increased medical expenses. The Treasury report notes that in one analysis from 2012, 10 climate events led to a total of $10 billion in health-related costs.

Persons: Makatla, Joe Raedle, Graham Steele Organizations: U.S . Department of, Treasury, Treasury Department Locations: Tarpon Springs , Florida, U.S, Louisiana, Southern

☆ Flash floods foreshadow a threatening reality in New York City
▼ + stars: | 2023-09-30 | by ( Denise Chow | Evan Bush | ) www.cnbc.com time to read: +8 min

Cars drive along a flooded street on Church Avenue amid a coastal storm on September 29, 2023 in the Flatbush neighborhood of Brooklyn borough New York City. And more than a decade after Hurricane Sandy forced officials to rethink the meaning of climate resilience in New York City, it appears there's still much to be done. Kathy Hochul declared a state of emergency for New York City, Long Island and the Hudson Valley, calling the storm a "life-threatening rainfall event." The storm caused about $19 billion in damage to New York City. In densely populated cities like New York, flooding risks are heightened because of the built environment and lack of green spaces.

Persons: Michael M, Hurricane Ida, Hurricane Sandy, Joseph Kane, Steve Bowen, Gallagher, Bowen, Kathy Hochul, Eric Adams, Spencer Platt, Zachary Iscol, Sandy, Superstorm Sandy, Louise Yeung, Yeung, Hurricane Sandy —, Ida, Mona Hemmati, Hemmati, Andrew Kelly Organizations: Brooklyn borough New, Santiago, Getty, Hurricane, Brookings Institute, NBC News, Gallagher Re, . New York Gov, York City, Prospect, Columbia Climate School, New York City Department of Environmental Locations: Flatbush, Brooklyn borough, Brooklyn borough New York City, New York City, Brooklyn, New York, New York , New Jersey, Connecticut, Long, Hudson, York, Brooklyn Borough, Zachary Iscol , New York, Hurricane, Atlantic City, New Jersey, Manhattan, Williamsburg, U.S

PORT WASHINGTON, Wis. (AP) — Five flamingos that showed up in Wisconsin to wade along a Lake Michigan beach attracted a big crowd of onlookers eager to see the unusual visitors venturing far from their usual tropical setting. The birds stood quietly 25 feet (7.6 meters) off Lake Michigan’s western shoreline as waves lapped against their thin legs. Wildlife biologists hypothesized that the flamingos were pushed north in late August by the strong winds of Hurricane Idalia, the Journal Sentinel reported. Debbie Gasper of Port Washington made the short trip to the lakefront with her husband, Mark. She said that before Friday the only flamingos she has seen have been on the couple’s trips to Aruba.

Persons: Mark Korducki, Jim Edelhuber, Ryan Brady, Idalia, Debbie Gasper, Mark, Gasper, “, ” Organizations: Wisconsin Society for Ornithology, Milwaukee Journal Sentinel, Wisconsin Department of Natural Resources ., Journal Sentinel Locations: PORT WASHINGTON, Wis, Wisconsin, Lake Michigan, Port Washington, Milwaukee, Lake, Waukesha, Indiana , Kentucky , Ohio, Pennsylvania, flamingo, Florida, Caribbean, South America, Aruba, Georgia

Blue-tarped roofs are still part of the landscape in New Orleans more than two years after Hurricane Ida struck in 2021. The work on Capers' property marked the ongoing program's 500th home roof repair in the Gulf of Mexico region, according to GAF. Fortunately, knock on wood, I was able to put back on my roofing shoes and get back on the roof," Mackie said. "So, now my neighbors are asking me to fix their roofs.”Mackie and GAF workers also gave locals tips on roof repair as part of a program known as the GAF Roofing Academy program. “Building a resilient community begins with the roof,” GAF communications director Andy Hilton said.

Persons: Anthony Mackie, —, aren’t, Mackie, Joe Capers ., Hurricane Ida, Capers, it's, ” Capers, ” Mackie, reminisced, you've, Ida, “ I've, I'm, Andy Hilton, Kevin McGill Organizations: ORLEANS, America, Marvel, Associated Press Locations: —, New Orleans, Orleans, Gulf of Mexico, Hurricane

ST. PETERSBURG, Fla. (AP) — Florida agriculture losses from Hurricane Idalia are estimated at between $78 million and $371 million, with producers also suffering widespread damage to such infrastructure as irrigation rigs and fences, according to a preliminary report Thursday from the University of Florida. Predicted losses for livestock are pegged at between $30.1 million and $123.4 million, according to the University of Florida's Institute of Food and Agricultural Sciences report. Four people in Florida were killed during the hurricane, according to medical examiner reports to the Florida Department of Law Enforcement. Also Thursday, Agriculture Commissioner Wilton Simpson announced an assistance program targeted at repair or replacement of existing irrigation systems. Florida agriculture and related industries such as processing accounted for more than $270 billion in sales revenue and supported some 2 million jobs in 2022, the University of Florida estimated.

Persons: ”, Xiaohui Qiao, Christa Court, Wilton Simpson, Simpson Organizations: Hurricane, University of Florida, University of Florida's Institute of Food, Agricultural Sciences, Florida Department of Law, Resource Economics Department Locations: PETERSBURG, Fla, Florida, Bend, Dixie, Hamilton, Lafayette, Madison, Suwannee, Taylor, Gulf of Mexico, Georgia

Decade to decade, costly extreme weather events are increasing in both frequency and intensity as greenhouse gases build up in our atmosphere. The true cost of extreme heatLois Nigrin grew up on a farm and loved getting outdoors. Her ordeal points to the rising cost of extreme heat, the leading weather-related killer in the US. The true cost of floodingBarb Grant has built her life's work around helping others. The true cost of inactionThere is more to this story than a set of ruinous tragedies.

Persons: Lois Nigrin, —, Yoon, Nigrin, Read, Dale Murden, who's, He's, he's, Murden, Jason Garza, Barb Grant, Grant, Miriam Alarcón Avila, She's Organizations: Center for American, Atlantic Council, The Texas Tribune, Administration, Texas, Citrus Committee, M, Pew Charitable Locations: heatstroke, Texas, Arizona, Nebraska, Harlingen , Texas, Mexico, Southeast Texas, Iowa

☆ Climate change is already costing us money, but we have a chance to limit the worst of it and prosper. Here's how.
▼ + stars: | 2023-09-21 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +12 min

But to get there, we'll need to spend a lot of money up front and be real about the climate costs we're already paying — even if we don't always notice them. The full costs of extreme weather are often hiddenThe biggest fires, floods, and heat waves tend to draw headlines. But for years, the more subtle effects of extreme weather had gone pretty much unnoticed. This situation could be made worse by a looming financial "mega shock," which could arise as more people wake up to the reality of the climate crisis, Butler said. The Biden administration has already earmarked $52 billion to tackle the climate crisis for 2024.

Persons: —, Amir Jina, It's, Jina, Idalia, Joe Raedle, Creon Butler, Mario Tama, Butler, haven't, ANGELA WEISS, Hurricane Ian, Matias J, Biden, That's, We've, it's, Bulter Organizations: University of Chicago, Getty, Insurance, Miami Herald, Tribune, Service, UN, Intellectual, Organization Locations: Tarpon Springs , Florida, London, New York City, , Florida, Hurricane, Botswana, Denmark, Namibia

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