Economy & Business

Enviros Urge Md. Gov.-Elect Moore to Roll Back State Fossil Subsidies

"The advocates say they are “appalled” by Maryland Energy Administration grants aimed at promoting and expanding natural gas infrastructure in the state."

Source: Inside Climate News, 11/28/2022

"Growing Storms Push Shrinking La. Insurers Into Failure"

"More than a year after Hurricane Ida swept across Louisiana, the Category 4 storm is triggering a property-insurance crisis in the state that has bankrupted 11 insurance companies and will force some homeowners to pay annual premiums of nearly $18,000."

Source: E&E News, 11/22/2022

"In a First, Rich Countries Agree to Pay for Climate Damages in Poor Nations"

"After 30 years of deadlock, a new U.N. climate agreement aims to pay developing countries for loss and damage caused by global warming. But huge questions remain about how it would work."

Source: NYTimes, 11/21/2022

"Wealthy Nations Ink $20B Deal To Move Indonesia Off Coal"

"A group of wealthy countries secured a deal Tuesday with Indonesia that would shift the major emitter’s power generation from coal to clean energy. The $20 billion deal financed by governments and financial institutions would be one of the largest public investments ever made to shutter fossil fuel plants."

Source: E&E News, 11/16/2022

"COP27 Considers 'Loss And Damage' Fund, But Has Yet To Commit - Draft Text"

"The United Nations on Monday published a draft text setting out what the COP27 climate summit could agree on "loss and damage" financing for countries ravaged by climate impacts. The negotiating text will be debated and reworked by diplomats and ministers from nearly 200 countries before its hoped-for adoption at the end of the summit, negotiatiors said."

Source: Reuters, 11/15/2022

Journalism Industry Program Supports Reporting on Workers — and Work — in a Warming World

As the economic impacts of climate change intensify, reporting on how individuals are affected, particularly in the Global South, is lagging. Veteran journalist Christine Spolar at The Pulitzer Center for Crisis Reporting details a new initiative to encourage journalists to fill this gap. The story of recent grantees Bhasker Tripathi and Susan Schulman, who have tracked job losses and migrations tied to climate change in India and Iraq.

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