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Record heat, drought decimate Louisiana’s beloved crawfish season

Mar 15, 2024
Farmers are catching less than half of their normal haul. Restaurants are hiking prices for the tiny, lobster-like crustacean, which is threatening neighborhood traditions of gathering around a crawfish boil.
Andy DeGrange holds a batch of freshly boiled crawfish. One pound of his recipe sells for $19 this year, which is about twice as expensive as last year.
Matt Bloom

SEC adopts rule making companies disclose climate risks

Mar 7, 2024
The rules are softer than those initially proposed.
New SEC rules are intended to standardize reporting requirements on things like emissions and exposure to climate change-related disasters.
Giles Clarke/Getty Images

Historic drought at the Panama Canal threatens global shipping

Mar 6, 2024
Many fewer vessels now traverse the canal daily. The water deficit is a global phenomenon that has been linked to climate change.
Water levels at the Panama Canal are among the lowest on record.
Courtesy Panama Canal Authority

Wetlands or housing? Climate change pressures shoreline development plans.

Dec 22, 2023
In California, a fight is brewing over whether to build middle-class homes or restore wetlands that could mitigate flood risk. 
The city of Newark, California, could move to restore wetlands instead of building hundreds of houses. The development could ease the housing shortage, but the land could mitigate flooding as the seas rise.
Courtesy Derell Licht

Affordable housing hammered by rising insurance rates

Dec 15, 2023
Insurance premiums for affordable housing operators are already pricier. The pandemic and climate change has pushed the costs even more.
“Underwriters tend to charge about 10% to 15% more than the standard market rate for affordable housing," said Maria Lobo of the global insurance brokerage Gallagher.
George Rose/Getty Images

UAE intended to use COP28 climate summit to push oil deals

Nov 27, 2023
Leaked documents obtained by the BBC show the United Arab Emirates, a major fossil fuel producer, was looking to strike oil deals at COP28.
New documents obtained by the BBC show that the United Arab Emirates planned do business deals involving oil and gas at COP28. Above, an oil drill pump in Dubai.
Giuseppe Cacace/AFP via Getty Images

What to expect from COP28, the annual U.N. climate summit

The two-week United Nations summit on climate change will kick off on Nov. 30 and take place in Dubai this year.
Sultan Al Jaber, the head of the United Arab Emirates' state-owned oil company, is serving as president of COP28.
Bryan Bedder/Getty Images for Bloomberg Philanthropies

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More than 130 major companies press world leaders to phase out fossil fuels by 2035

Oct 24, 2023
Companies including Ikea, Nestle, Unilever and Volvo are saying that they're already grappling with the costs of the climate crisis.
Unilever is among the companies that signed on  to a recent letter ahead of COP28 urging world leaders to cut fossil fuel use.
Christopher Furlong/Getty Images

Rising temperatures threaten the Mediterranean's tourism industry

Oct 12, 2023
Temperatures are increasing in the Mediterranean 20% faster than the global average. That's likely to have an impact on tourism.
A man cools off at a fountain in Xàtiva, in eastern Spain, during a heatwave on Aug. 10.
Jose Jordan/AFP via Getty Images

A plan for alleviating poverty and climate change

The two challenges are interrelated, and a new report from the McKinsey Global Institute says they must be addressed in tandem.
It'll take investment equal to about 8% of global GDP annually to close both the economic empowerment gap and the net-zero transition gap, according to the McKinsey Global Institute,
China Photos/Getty Images