UN collects data on climate change losses

Around 26 million people are pushed into poverty every year due to extreme weather events, 90% of which are linked to climate change.

Cost of natural disasters spiked in 2016

The financial losses caused by natural disasters in 2016 were the worst for four years. According to insurance group Munich Re, a series of devastating earthquakes, floods, storms and wildfires saw global damages rise to $175 billion (£142.3bn). That was two thirds higher than the year before although not quite as high as the losses inflicted […]

Bleak 2016 forecast for Canada’s oil and gas sector

The oil and gas industry in Canada is expected to endure losses for the second consecutive year. According to the latest outlook from The Conference Board of Canada, the oil extraction sector is forecast to post losses of more than $3 billion (£1.6bn) while natural gas producers are expected to see losses of $1 billion […]

Stark $1trillion flood warning for cities on the coast

A stark warning over the monumental cost of flooding in some of the world’s biggest coastal cities including New York (pictured), Mumbai and Guangzhou was issued by the OECD yesterday. A mind-boggling $1trillion (£0.6trn) worth of losses could result from future flooding if nations do nothing to boost their flood defences in the face of […]

Shadow Energy Secretary accuses DECC of job losses

Labour’s Shadow Energy and Climate Change Secretary has accused DECC of causing chaos in the solar industry, following the controversial FiTs scandal. Caroline Flint has also suggested Chris Huhne’s department have tried to hide job losses. Mrs Flint said: “When growth is flat-lining and unemployment is rising, solar is one industry that is actually growing […]