The Costs of More Extreme Weather: Your Questions Answered

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 25 August 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

More extreme weather events are affecting everything from power grids to insurance. But how are individuals and companies reacting to these changes? WSJ science reporter Eric Niiler explains why we are seeing increasingly intense weather events and Journal climate finance reporter Amrith Ramkumar answers your questions on how the public and private sectors are responding. Charlotte Gartenberg hosts. Further Reading The Science Behind Why the World Is Getting Wetter Why Beryl Is the Strongest Hurricane to Form This Early NOAA Predicts the Most Hurricanes That It Has Ever Forecast Why Can’t Houston Keep the Power On? Climate Cash Pivots to New Reality of a Hotter, Wetter Planet The Rush to Shore Up the Power Grid Against Hurricanes, Heat and Hail Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:14.4	slash Wall Street.
0:17.0	Hey what's news listeners it's Sunday August 25th. I'm Charlotte
0:21.7	Gartenberg for the Wall Street Journal. This is
0:24.0	What's News Sunday, the show where we tackle the big questions about the biggest
0:27.8	stories in the news by reaching out to our colleagues across the newsroom to
0:31.6	help explain what's happening in our world.
0:34.4	From heat waves to flooding rains, there's been a lot of extreme weather this summer.
0:39.0	This week, we're asking how that's impacting Americans and what businesses are doing about the effects of our changing climate.
0:45.5	Let's get to it.
0:47.5	According to NASA, 2023 was the hottest year on record worldwide. That's since modern record keeping began in the late 1800s.
0:56.1	Some scientists are saying 2024 is already on course to break the record set just last year.
1:02.2	There seemed to be more, or at least more extreme, heat waves, wildfires, floods, and hurricanes every
1:08.4	year.
1:09.4	Federal officials from the National Oceanic and Atmospheric Administration, or NOAA, are predicting the most hurricanes
1:15.8	ever forecasted since they started making seasonal forecasts.
1:19.6	Hurricane Barrel broke records last month and the storm left around 2 million Texans without
1:24.2	power in scorching temperatures. The increasing intensity of extreme weather
1:28.6	events costs lives and costs money. Public and private funds are being directed to projects meant to
1:34.5	shore up infrastructure to withstand more severe weather. But before we get to
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