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Economic toll of Hawaii wildfires could climb to $16 billion

Aug 17, 2023
There's not only job and wage losses, but also crops, infrastructure damage, small business losses and more.
Destroyed buildings and cars are seen in the aftermath of the Maui wildfires in Lahaina, Hawaii. Maui businesses may not know the full measure of the losses for a while.
Yuki Iwamura/AFP via Getty Images

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

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

Buyouts prevented some damage in Vermont's July flood, but more will be needed

Aug 14, 2023
While property buyouts helped prevent flooding in some parts of Vermont, the process is rarely easy or efficient.
A kayaker paddles through floodwaters in Montpelier, Vermont, on July 11. After recent flooding, dozens of property buyouts may be needed.
Kylie Cooper/Getty Images

How climate change is impacting where and when tourists want to travel

Aug 11, 2023
After a hot summer, some travelers are expressing more concern about heat waves, wildfires and other extreme weather events that might affect their plans.
A heat advisory sign is shown along US highway 190 during a heat wave in Death Valley National Park. Tourism patterns have started to change in the area thanks to climate change.
Ronda Churchill / AFP via Getty Images

Could the carbon credit model help save threatened species?

Aug 9, 2023
A growing number of scientists and economists see a novel kind of credit as an important tool to help reverse global declines in biodiversity.
Land in Orsa Besparingsskog, a Swedish forest that is partnering to pilot a new biodiversity credit approach.
Martin Pilstjärna

A fraction of oil and gas profits would fund methane emissions cuts, global energy agency says

Aug 7, 2023
IEA advises investing in facilities to reduce the potent greenhouse gas. The U.S. government is already funding such programs.
Methane, a greenhouse gas invisible to the naked eye, is one of the biggest contributors to global warming.
David McNew/Getty Images

Clean energy industry faces economic headwinds

Aug 1, 2023
Inflation and rising interest rates are making it harder for some projects to get off the ground.
A ship carries wind turbine components to the Port of New Bedford.
Daniel Ackerman/Marketplace

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Panama Canal faces uncertain future because of climate change, drought

Jul 31, 2023
Six percent of all global trade passes through the canal’s 50-mile stretch of water. New passage restrictions could particularly harm the U.S. economy — since it's the nation that uses the trade route most.
Above, a ship navigates the Panama Canal in Panama City. The canal authority puts restrictions on shipping companies when there’s not enough water.
Luis Acosta/AFP via Getty Images

Why are China and India still burning so much coal?

Jul 31, 2023
A new report from the International Energy Agency shows global demand for coal reached a record level in 2022 — and it’s not likely to go down any time soon.
Countries like India and China rely on coal for two big reasons: It’s usually cheap and available, said Sanya Carley, a professor of energy policy at the University of Pennsylvania.
Money Sharma/AFP via Getty Images

Warming climate brings opportunities for cool-weather wineries

Jul 21, 2023
As iconic wine regions get too hot, growers in historically challenging locations may rise in the global economy.
Johannes Aufricht is the third-generation owner of his family business, Winery Aufricht, in southwest Germany.
Emily Haavik for Marketplace