There are four articles discussing the financial issues caused by global warming:
- Floods, fires and financial risk: What climate change could do to the financial system It’s natural disasters like these that have one Washington regulator concerned that a changing climate carries severe market risk.
Who Will Pay for the Huge Costs of Holding Back Rising Seas? U.S. coastal cities face billions of dollars in costs for the extensive infrastructure projects needed to protect against rising seas and worsening storms. From Boston to Miami, government officials are only beginning to grasp the enormous expense of what will be required.
Climate Change Becomes an Issue for Ratings Agencies. The risk of a ratings downgrade can pressure cities and companies to take steps to mitigate climate risks, such as from sea level rise.
Climate liability is on the rise. Here’s what it looks like. The company, which filed for bankruptcy protection in January, may have to pay billions of dollars for the fire. Insurance companies, in turn, are denying insurance claims to homeowners in wildfire risk zones — made riskier, research suggests, by climate change.