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Climate Risk Economics

@climateeconomics.bsky.social
2.4K followers 1.1K following 1.9K posts

Science, analysis, and news around climate change's impacts on the economy, focusing on growth, inflation, investment, companies, consumers #ClimateRisk #ClimateImpacts

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Climate Risk Economics @climateeconomics.bsky.social · 26m
Australia's High Court rules against coal mine in landmark climate case "We cannot dig up coal, ship it overseas, watch it drive climate change, and then pretend the consequences have nothing to do with us and won't be felt by us"... www.afp.com/en/australia...
afp.com
Australia's High Court rules against coal mine in landmark climate case
Australia's highest court ruled against a massive coal mine expansion on Wednesday, delivering judgement in what campaigners say is the first climate case to reach...
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Climate Risk Economics @climateeconomics.bsky.social · 35m
Monsoon deficit threatens crop output, adds to food inflation risks India ended the monsoon season with a 13% rainfall deficit, with uneven distribution hurting key farm regions and raising concerns over kharif yields, rabi sowing and food prices... www.business-standard.com/economy/news...
business-standard.com
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Mark Gongloff @markgongloff.bsky.social · 17h
Believe it or not, oil companies have apparently been lying to us! I know, I'm just as shocked as you are (Gift link) www.bloomberg.com/news/feature...
bloomberg.com
The Oil Industry Won’t Stop One of Its Dirtiest Practices, Even After Pledges
Exxon, Occidental and Diamondback are among those touting efforts to end routine gas flaring, but their flames keep spewing pollution around the world.
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Climate Risk Economics @climateeconomics.bsky.social · 06/10/2026
The oil industry should pay for climate change — and Congress should decide how Next year, Congress could identify GHGs to be regulated; establish when a fossil-fuel company can be held liable; create a federal fund for fossil-fuel companies to pay damages... thehill.com/opinion/ener...
thehill.com
The oil industry should pay for climate change — and Congress should decide how
For more than 60 years, America’s response to global climate change has been like a hot potato passed from the presidency to Congress and the courts. Now, Congress should end the game once and for …
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Climate Risk Economics @climateeconomics.bsky.social · 06/10/2026
Food companies (and governments) are flying blind to the escalating climate threats to supply chains Shocks are increasingly likely to hit multiple regions at once, yet companies don’t have tools to assess the likelihood and impact of multiple supply shocks... www.reuters.com/sustainabili...
reuters.com
COMMENTARY: Food companies are flying blind to the escalating climate threats to supply chains. Here’s what needs to change
This summer, you didn’t need a scientist to tell you the climate was changing. All you needed was a window. Fields that should have been green were baked brown, crops died in the ground and rivers shr...
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Climate Risk Economics @climateeconomics.bsky.social · 05/10/2026
The map in the post below is from a recent briefing by @zerocarbona.bsky.social: zerocarbon-analytics.org/nature/mappe... See the interactive map here, with 28 cases over 2022-2026: public.flourish.studio/visualisatio...
zerocarbon-analytics.org
Mapped: Climate extremes threaten global dietary quality and nutrition - Zero Carbon Analytics
Studies show that historically unprecedented heat, drought, rain and cold are causing food price spikes across all continents.
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Climate Risk Economics @climateeconomics.bsky.social · 05/10/2026
The pain El Niño will deliver to our food supply will pile on top of what plain-old climate change has already wrought: run-of-the-mill climate disasters directly contributed to at least 12 different food-price spikes over the past two years www.bloomberg.com/opinion/arti...
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Climate Risk Economics @climateeconomics.bsky.social · 05/10/2026
"More importantly, Europe is incorporating climate into the core of its economic planning. Decisions about industrial policy, infrastructure, public spending, and competition increasingly have to account not only for emissions but also for #climaterisk"... time.com/article/2026...
time.com
Teresa Ribera on EU Climate Adaptation Push
Teresa Ribera, who oversees climate policy in the EU as executive vice-president of the European Commission, says that the growing costs of the effects of climate change mean that policymakers need to...
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Climate Risk Economics @climateeconomics.bsky.social · 05/10/2026
London's high-end housing market is facing a new challenge from intractable heat and flood risks "Although it’s not yet having a really material impact on values, that is going to be the likely pathway"... www.bloomberg.com/news/article...
bloomberg.com
Prime London Homes Are Increasingly on Frontlines of Extreme Weather
More than a decade into a downturn caused by tax hikes, economic and political shocks, London’s high-end housing market has a new villain to contend with — intractable heat and flood risks.
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Climate Risk Economics @climateeconomics.bsky.social · 01/10/2026
"We can see it, we can feel it, we can measure it": The economic impact of climate change must be factored into monetary policy, says ECB Governing Council member Olaf Sleijpen www.bloomberg.com/news/article...
bloomberg.com
ECB’s Sleijpen Says Central Banks Can’t Ignore Climate Change
The economic impact of climate change is undeniable and must be factored into monetary policy, according to European Central Bank Governing Council member Olaf Sleijpen.
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Climate Risk Economics @climateeconomics.bsky.social · 01/10/2026
Hail already costs homeowners and insurers billions of dollars each year, and recent research suggests hail’s costs could grow steeply with a 37–42% increase in global hailstorm-induced damage potential by the late twenty-first century covered by @vox.com www.nature.com/articles/s41...
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PM2.5 Kills ~9 Million People Each Year Worldwide @tkovach.bsky.social · 01/10/2026
"Until they’re held responsible for the consequences that they have known about for decades, they are not going to be part of the solution. They need to be brought to the table, because humankind and our food production is what’s at stake.”
grist.org
The surprising allies backing Boulder's climate case before the Supreme Court
Ranchers, conservative legal scholars, and former Republican EPA chiefs are siding against oil companies. Here's why.
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Climate Risk Economics @climateeconomics.bsky.social · 01/10/2026
From seaweed to sirloin and tomatoes to corn, grocery items around the world are getting more expensive as climate change turns temporary weather-related price spikes into a more persistent driver of inflation - @zerocarbona.bsky.social economictimes.indiatimes.com/small-biz/su...
economictimes.indiatimes.com
Climate change Is making these grocery items more expensive this year
Global grocery prices are increasing as a result of climate change impacting food production. Recent research highlights that extreme weather is contributing to rising costs of essential items. Analys...
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Climate Risk Economics @climateeconomics.bsky.social · 01/10/2026
Europe’s insurance and pensions watchdog warns: extreme heat is adding to risks the industries faces + the ECB’s top climate official recently said that the cumulative impact of extreme weather shocks was morphing into its own risk category www.insurancejournal.com/news/interna...
insurancejournal.com
EU's Insurance Watchdog Warns of Risks Tied to Extreme Heat
Europe's insurance and pensions watchdog warned extreme heat is adding to risks the industries face. The European Insurance and Occupational Pensions
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Climate Risk Economics @climateeconomics.bsky.social · 30/09/2026
Inside the anti-climate campaign against researchers "the latest strategy in a decades-long campaign by right-leaning groups to discredit scholars whose work could persuade judges and juries in the high-stakes climate cases"... www.politico.com/news/2026/09...
politico.com
Inside the anti-climate campaign against researchers
A POLITICO investigation reveals more than 100 open records requests demanding documents from climate scientists nationwide.
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Climate Risk Economics @climateeconomics.bsky.social · 30/09/2026
This @zerocarbona.bsky.social report comes with an interactive map tracking 28 cases of food price spikes due to extreme weather since 2022, showing how anomalous each event was and how it boosted the price of specific commodities, with links to media coverage public.flourish.studio/visualisatio...
public.flourish.studio
2026 09 Extreme climate events linked to food price surges, 2022-2026
A Flourish data visualization by Joanne Bentley-McKune
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Climate Risk Economics @climateeconomics.bsky.social · 30/09/2026
From seaweed to sirloin and tomatoes to corn, grocery items around the world are getting more expensive as climate change turns temporary weather-related price spikes into a more persistent driver of inflation - new @zerocarbona.bsky.social report and global map www.bloomberg.com/news/article...
bloomberg.com
Climate Change Is Making These Grocery Items More Expensive This Year
A new report adds to a growing body of research that shows how extreme weather is reshaping global inflation.
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Climate Risk Economics @climateeconomics.bsky.social · 29/09/2026
California Faces $2-3 Billion in Damages From El Niño Storms, vs $500m in a normal year Coastal damage is already mounting months before the heaviest rains Across California, coastal erosion risk tends to rise by more than two-thirds during extreme El Niño events www.bloomberg.com/news/newslet...
bloomberg.com
California Faces Billions in Damages From El Niño Storms, Starting Now
Coastal damage is already mounting months before the heaviest rains typically arrive.
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Climate Risk Economics @climateeconomics.bsky.social · 29/09/2026
Travelers Are Reckoning With the Ultimate Disrupter: Climate Change “Increasingly, climate adaptation will become embedded in travel planning in the same way that people currently think about price, flight time or seasonality" www.nytimes.com/2026/09/25/t...
nytimes.com
Travelers Are Reckoning With the Ultimate Disrupter: Climate Change
Once dismissed as occasional inconveniences, climate-related disruptions are now an inescapable fixture of summer travel. How will travelers respond?
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Climate Risk Economics @climateeconomics.bsky.social · 28/09/2026
ICYMI, from Alliaz: - Europe’s 2026 heatwaves carry an estimated annual output cost of €113bn across 30 countries, ie, almost half a percent of their projected GDP - a very strong El Niño is already forming and could cost the world $451bn, ie, 0.24% of GDP www.allianz-trade.de/content/dam/...
allianz-trade.de
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Michael E. Mann @michaelemann.bsky.social · 28/09/2026
“Ranking Member Lofgren Urges Removal of Wielicki as Leader of Climate Research Office” lofgren.house.gov/media/press-...
lofgren.house.gov
Ranking Member Lofgren Urges Removal of Wielicki as Leader of Climate Research Office
(Washington, DC) – Yesterday, Ranking Member Zoe Lofgren (D-CA) sent a letter to the White House Office of Science and Technology Policy’s (OSTP) Director, Michael Kratsios, urging him to remove Dr. M...
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Climate Risk Economics @climateeconomics.bsky.social · 28/09/2026
Central banks could use capital buffers to protect against climate risks Banks with large mortgage portfolios in areas vulnerable to, eg, recurrent flooding could be subject to higher capital requirements as a preventative measure against #climaterisk greencentralbanking.com/2026/09/25/c...
greencentralbanking.com
Central banks could use capital buffers to protect against climate risks
An updated guide for central banks proposes a series of tools for integrating climate and nature-related financial risks into prudential supervision.
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Climate Risk Economics @climateeconomics.bsky.social · 28/09/2026
Water levels on the Rhine have hit a record low, prolonging a shipping crisis caused by a summer of droughts across Europe. “You can prepare as much as you want, you still lose. “You can cushion the impact, but you can’t avoid it without consequences"... www.bloomberg.com/news/article...
bloomberg.com
Low Rhine Levels Force Companies to Adapt to New Climate Normal
The halls of the Development Center for Ship Technology and Transport Systems in Duisburg, Germany are lined with model ships, small-scale prototypes of vessels that may end up working on Europe’s bus...
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Climate Risk Economics @climateeconomics.bsky.social · 28/09/2026
How Europe’s intensifying marine heatwaves threaten its fisheries "We are finding no more lobster, no more crayfish, no more sea urchins and many other species that are associated with the good status of kelp forests" www.reuters.com/world/europe...
reuters.com
How Europe’s intensifying marine heatwaves threaten its fisheries
As drought spread and wildfires raged across Europe this summer, the extraordinary heat didn't stop at the shoreline.
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Climate Risk Economics @climateeconomics.bsky.social · 28/09/2026
Coastal damage is already mounting in California months before El Niño’s expected peak Disaster modelers estimate that El Niño could cause $2 billion to $3 billion in losses from flooding and mudslides statewide through the winter www.bloomberg.com/news/article...
bloomberg.com
California’s El Niño Emergency Begins Now as Beaches Erode
Coastal damage is already mounting in California months before El Niño’s expected peak, with billions of dollars in flood and mudslide losses at risk.
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Climate Risk Economics @climateeconomics.bsky.social · 28/09/2026
New Commission proposal will seek to clarify who's in charge of managing #climaterisk “We need to become much clearer where the responsibility for specific action lies: is that at a local or regional level, is it at a national level, or is it at a European level?” www.politico.eu/article/how-...
politico.eu
How Brussels wants to stop the climate disaster blame game
New Commission proposal will seek to clarify who’s in charge of managing fires and floods.
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Climate Risk Economics @climateeconomics.bsky.social · 25/09/2026
ECB Official Warns of ‘Chronic’ Climate Risk as Weather Shocks Mount The implications for asset valuations and policymaking may be considerable: economists say Europe's GDP will suffer a blow this year due to the fallout of extreme weather fueled by climate change www.bloomberg.com/news/article...
bloomberg.com
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Climate Risk Economics @climateeconomics.bsky.social · 25/09/2026
ECB, BlackRock Warn of ‘Chronic’ Risk as Weather Shocks Grow The European Central Bank’s top climate official says a pattern is emerging whereby the cumulative impact of extreme weather shocks is morphing into its own risk category... news.bloombergtax.com/private-equi...
news.bloombergtax.com
ECB, BlackRock Warn of ‘Chronic’ Risk as Weather Shocks Grow (1)
The European Central Bank’s top climate official says a pattern is emerging whereby the cumulative impact of extreme weather shocks is morphing into its own risk category.
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Sammy Roth @sammyroth.bsky.social · 23/09/2026
Good to see this @nytopinion.nytimes.com piece from @dwallacewells.bsky.social & @zekehausfather.com reminding folks that climate change might still turn out worse than models and headlines lead us to believe: www.nytimes.com/2026/09/22/o...
nytimes.com
Opinion | The Climate May Have Some Surprises in Store
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Mark Gongloff @markgongloff.bsky.social · 23/09/2026
Urban heat island effects are bad enough. Clustering data centers in cities, each of which can produce the heat of 54,000 houses, will make it exponentially worse, especially in already hot places like Phoenix Gift link to this great @bloomberg.com infographic: www.bloomberg.com/graphics/202...
bloomberg.com
AI Data Centers Release Heat, Posing New Problem for Cities
As facilities to power AI grow larger and are built in clusters, they are spreading hot air beyond their property lines
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Climate Risk Economics @climateeconomics.bsky.social · 23/09/2026
"We must shorten the path from evidence to action": New study estimates that environmental science takes seven years to reach policymakers’ attention – and some crucial ideas can even take a lot longer... www.cell.com/cell-reports...
cell.com
Quantifying the gap from scientific evidence to environmental policy and implementation across scales
Effective environmental action depends on both scientific knowledge being translated into policy and policies being translated into practice. This study reveals persistent, scale-dependent disconnects...
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Climate Risk Economics @climateeconomics.bsky.social · 23/09/2026
Worsening El Nino threatens Asia with drought, potentially raising food prices globally Already fueling wildfires across farmland, depleting water supplies for major cities and hurting fish catches This El Nino could push global food commodity prices up more than 15% apnews.com/article/asia...
apnews.com
Worsening El Nino threatens Asia with drought, potentially raising food prices globally
All signs are pointing toward a record-breaking El Nino this year, which experts say raises the risk of droughts across Asia that may drive food prices higher across the globe.
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Mark Gongloff @markgongloff.bsky.social · 23/09/2026
Private jets exemplify what economists call a free-rider problem: They crowd & pollute the airspace & environment that belongs to everyone without paying an appropriate cost. In fact, we keep giving them tax breaks Gift link to my @opinion.bloomberg.com column: www.bloomberg.com/opinion/arti...
bloomberg.com
Private Jets Have a Free-Rider Problem
If you try to take a free ride on, say, public transit in New York City, you’ll get in trouble with the law. If your mode of transportation is a private jet, on the other hand, there’s a high risk you...
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PM2.5 Kills ~9 Million People Each Year Worldwide @tkovach.bsky.social · 22/09/2026
“Unlike A.I., climate change’s existential threat is not hypothetical. It is killing people now. It also feels like a lot of people have conveniently forgotten about the urgency of solving this problem.”
nytimes.com
The Big Threat Has Been Climate Change. Now Comes A.I. (Gift Article)
Both are human-caused, both are frightening, and one of them has raced to the forefront of the global conversation.
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Climate Risk Economics @climateeconomics.bsky.social · 23/09/2026
Debt markets today are treating #climaterisk associated with rising temperatures a lot more seriously than they did just half a decade ago, according to Sarah Kapnick, global head of climate advisory at JPMorgan Chase & Co. www.bloomberg.com/news/article...
bloomberg.com
JPMorgan Sees ‘Big Shift’ in Debt Market’s View of Climate Risk
Debt markets today are treating the risks associated with rising temperatures a lot more seriously than they did just half a decade ago, according to Sarah Kapnick, global head of climate advisory at ...
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Blair Palese @blairpalese.bsky.social · 23/09/2026
"Aust is doing our part at home & with our partners" is hard to stomach at @climateweeknyc.bsky.social given your gov's 37 new & expanded #fossilfuel project approvals since taking office @albomp.bsky.social? That's doing nothing but giving in to #coal & #gas vested interests in a #climatecrisis
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Climate Risk Economics @climateeconomics.bsky.social · 22/09/2026
Food Prices Present Fresh Risk to Global Bonds After Selloff A “Super” El Niño, tight fertilizer supplies, attacks on shipping and fallout from Europe’s record hot summer will push the cost of staple foods higher Central banks are watching closely... www.bloomberg.com/news/article...
bloomberg.com
Food Prices Present Fresh Risk for Global Bonds After Selloff
Energy prices have been the scourge of bond markets this year. Now investors worry that the next inflation spike will come from food.
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Climate Risk Economics @climateeconomics.bsky.social · 22/09/2026
Why Climateflation Will Drive Food Prices More Than War It is expected to drive food prices higher in 2027, surpassing the impact of war-related supply chain disruptions like the Strait of Hormuz closure www.forbes.com/sites/we-don...
forbes.com
Why Climateflation Will Drive Food Prices More Than War
Economists expect this summer's heatwaves to drive 2027 food prices more than the Iran war. Climateflation, explained: from your grocery bill to your mortgage rate.
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Climate Risk Economics @climateeconomics.bsky.social · 22/09/2026
65 climate-vulnerable nations spend roughly 25 times more servicing debt than on climate action - Action Aid Intl Debt repayments swallow 65% of gov revenue in risk-prone countries and amount to 225 times the grant-based climate finance provided by the Global North actionaid.org/publications...
actionaid.org
Debt Fuels the Climate Crisis: How the Finance Flows
Debt is a major, but fixable, barrier to climate action. Action on debt could be one of the most impactful and achievable climate solutions available.
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Climate Risk Economics @climateeconomics.bsky.social · 22/09/2026
Australian government snapshot of life in 40 years sharply criticised for underplaying the economic and social damage expected from the worsening climate crisis. If this is left unaddressed, "the ramifications on Australian productivity & wellbeing will be huge” www.theguardian.com/australia-ne...
theguardian.com
‘Negligent’ to talk about long term risks to Australia without examining cost of climate crisis, experts say
One academic says federal government’s intergenerational report, a snapshot of life in 2066, ignores the economic damage on the horizon
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Climate Risk Economics @climateeconomics.bsky.social · 22/09/2026
UK flood-prone communities risk being trapped with uninsurable homes, warns @mothersriseup.bsky.social, as investigation shows major insurers are still investing billions of dollars in fossil fuels www.businessgreen.com/news-analysi...
businessgreen.com
'It's time to change the rules': Growing 'uninsurability gap' prompts calls for major UK flood insurance reform
Campaign group Mothers Rise Up warns flood-prone communities risk being trapped with uninsurable homes, as investigation shows major insurers are still investing billions of dollars in fossil fuels
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Climate Risk Economics @climateeconomics.bsky.social · 21/09/2026
Banks in Europe are facing challenges in managing extreme weather risks The gap in risk time-horizons used by insurers and banks is creating a "blind spot", with insurers able to adjust annually, while banks are locked into long-term loan maturities that may not reflect changing physical risks...
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Climate Risk Economics @climateeconomics.bsky.social · 21/09/2026
"It’s not just energy. Climate change is also making goods more expensive" www.politico.com/newsletters/...
politico.com
Climate inflation is here
Climate change might be costing you hundreds of dollars a year.
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Climate Risk Economics @climateeconomics.bsky.social · 21/09/2026
Burning forests, emptying rivers, €180bn in damage: Europe’s politicians face reckoning after ‘summer of truth’ "Climate is at the centre of the far right’s culture war in defence of the economic and energy status quo that bankrolls it" - @rlalen.bsky.social www.theguardian.com/environment/...
theguardian.com
Burning forests, emptying rivers, €180bn in damage: Europe’s politicians face reckoning after ‘summer of truth’
Amid record-shattering heatwaves and popular demand for climate action, why are politicians often timid or in denial?
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Mark Gongloff @markgongloff.bsky.social · 18/09/2026
Imagine the response if any other industry openly admitted its products were built on crimes and likely to destroy humanity. Instead of criminally prosecuting these companies, we've hitched our whole economy to them
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Laurie Laybourn @laurielaybourn.bsky.social · 18/09/2026
"[AMOC risk] is distinctly lacking a political champion...There is a diplomatic opening that Britain should seize on" Top piece from @benjudah.bsky.social proposing that the UK should convene a coalition of north Atlantic states on changes in the Atlantic circulations www.ft.com/content/4870...
ft.com
We need an observatory for the cooling north Atlantic
The UK should convene a coalition of concerned states if rising emissions lead to the collapse of the Amoc that brings warm water to northern regions
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Climate Risk Economics @climateeconomics.bsky.social · 18/09/2026
Heatwaves and drought mean higher potato prices and shorter fries in Europe & UK => likely to curb the crop by about 3.5 million tons, which could cost farmers more than €800 million, says @eciu.net www.bloomberg.com/news/article...
bloomberg.com
Hot Potatoes Mean Higher Prices and Shorter Fries in Europe
Europe is set for one of its smallest ever potato harvests after a succession of heat waves and lingering drought battered the water-hungry staple.
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Climate Risk Economics @climateeconomics.bsky.social · 18/09/2026
Oil Firms Warned Justice Alito His Oil Investments Face Material Risk From Climate Lawsuits For Years; Their Trade Association, Suncor and Exxon Briefed Him on How to Eliminate that Risk @consumerwatchdog.bsky.social calls on Alito to recuse from climate deception case apnews.com/press-releas...
apnews.com
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Climate Risk Economics @climateeconomics.bsky.social · 18/09/2026
Europe was the ‘most unusually hot place on the planet’ this summer. Can renewables cool us down? “The human and economic costs of fossil fuels are playing out in real time, and the urgency to shift away from them has never been clearer”... www.euronews.com/2026/09/17/e...
euronews.com
Europe named most 'unusually hot place’ on Earth after sizzling summer
“These past three months are a warning sign we cannot afford to ignore – the human and economic costs of fossil fuels are playing out in real time.”
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Climate Risk Economics @climateeconomics.bsky.social · 17/09/2026
India's rice production is set to fall this year for the first time in a decade, and by the most in nearly 20 years, as below-normal rainfall during the crop's maturation period threatens to cut yields In some rice-growing states, ​the rainfall deficit reaches 42% theedgemalaysia.com/node/818402
theedgemalaysia.com
India rice output faces biggest drop in two decades, stocks cushion exports
India's rice production is set to fall this year for the first time in a decade, and by the most in nearly 20 years, as below-normal rainfall during the crop's maturation period threatens to cut yield...
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