Northvolt, a leading EV battery maker, is on the brink of collapse due to $15 billion in funding exhaustion and delays in delivering batteries to clients like BMW and Volkswagen. This jeopardizes the European automakers’ ability to compete globally, particularly against China, and sell EVs in the U.S. With few alternative suppliers beyond China, European…
Offshore wind energy faces significant setbacks as projects exceed budgets, underperform and, in one case, fail completely, halting an entire wind farm off Massachusetts. These challenges undermine the green energy sector, which depends on wind, solar, hydro and nuclear working together to counter reliance on fossil fuels. However, nuclear power remains controversial in the U.S.,…
Coastal erosion and extreme weather are causing homes in North Carolina and other coastal regions to collapse into the sea. In the Tar Heel State, six stilt-supported homes have fallen into the ocean due to eroding pilings; meanwhile, similar issues are affecting Florida’s barrier islands, Malibu, Calif., and Galveston, Texas. The primary concern is structural…
The vision of a $25,000 EV in the U.S. has faded as manufacturing costs remain high, with the least expensive EVs starting at $30,000 and Teslas at $40,000. Gas-powered cars remain significantly cheaper, with gas prices under $3 per gallon in most areas meaning many are not worried about the cost of fueling. Industry experts…
Tropical Storm Sara is set to bring 6–10 inches of rain to Florida’s west coast, exacerbating ongoing flooding issues. While the storm lacks high winds or a significant storm surge, its impact underscores the relentless cycle of damage and rebuilding caused by repeated storms. With Gulf waters still at 80°F, more storms could develop before…
According to a new study, cities like Shanghai, Tokyo, New York and Houston emit greenhouse gases at levels rivaling or exceeding those of many nations. Shanghai leads the polluting pack with 256 million metric tons annually, followed by Tokyo at 250 million. Meanwhile, New York City and Houston emit 160 and 150 million metric tons,…
A severe drought in Southern Africa now spans six nations, affecting nearly 150 million people, with close to half experiencing malnutrition or starvation. Unlike other climate crises, migration is rarely an option here — neighboring nations cannot accommodate such large numbers, nor can they provide necessary resources. This leaves millions stranded in worsening conditions, with…
President-elect Donald Trump has selected an oil executive — Chris Wright, CEO of Liberty Energy — to lead the Department of Energy, a sign that the White House will soon become a fan of fossil fuels. Wright is a prominent oil industry executive who has expressed skepticism about global warming and his company specializes in…
According to UBS, Miami has the largest housing bubble globally, driven by rapid population growth and surging home prices, up 40% since the pandemic. However, South Florida’s worsening storm activity is leading many residents to leave, depressing property values. Adding to the crisis, homeowners face challenges securing insurance, with some properties deemed uninsurable. UBS warns…
Severe wildfires are forcing evacuations in Warwick, N.Y., as dry conditions persist across the Northeast, with residents across the region facing heightened risks due to nearly 50 days without significant rain and no relief in sight. In addition, high winds, with gusts up to 40 mph, are fueling the fires, which range from New York…
U.S. winters are warming faster than any other season, with average temperatures across 172 cities rising by 4°F since 1979. This trend has dual effects: On the positive side, households are saving on heating costs, with some cutting expenses by up to $100 annually due to fewer heating days. On the negative side, winter sports…
New York City is grappling with unprecedented wildfire threats due to its driest conditions in 120 years. Doug McIntyre reports that wildfires are increasingly common across the region, with some ignited by human activity, such as a recent arson incident. Local media now provide fire maps to help residents monitor ongoing blazes and forecast conditions….
Tropical Storm Sara is poised to threaten Florida’s western coast, prompting red flag warnings. Doug McIntyre explains that the storm could intensify due to Gulf waters exceeding 80 degrees Fahrenheit, a key factor in storm development. Earlier hurricanes this year, Milton and Helene, followed a similar pattern and caused huge damage. If Sara strengthens, it…
Naples and Miami have led U.S. markets in home price growth over the last five years, despite facing increasing climate-related risks. Doug McIntyre highlights that warm weather and low taxes continue to attract residents, but experts like Robert V. Jones warn of a potential downturn. Rising insurance costs and the risk of outward migration could…
Doug McIntyre discusses Australia’s escalating climate crisis, where interior regions now regularly hit 120°F. This extreme heat often spreads to urban areas like Sydney, pushing their temperatures above 100°F. The interior’s persistent dryness exacerbates farming challenges, making Australia one of the continents most affected by climate change. Over the next decade, rising temperatures and worsening…
Doug McIntyre highlights alarming findings presented at the ongoing COP29 climate conference that predict a global temperature rise of 3°C by 2100 if emission levels remain unchecked. Such an increase would exacerbate extreme weather, including stronger storms and widespread droughts. Climate refugees, already numbering millions, would grow as conditions in areas like Delhi — a…
Doug McIntyre reports on Ford’s latest setback in the EV market, as poor sales of its Capri, Explorer, Mustang Mach-E and F-150 Lightning EVs have led to production cuts. Ford had hoped these EVs would secure its place as a major player against Tesla in the U.S., but recent sales declines indicate otherwise. Although the…
Doug McIntyre discusses potential challenges facing the U.S. electric vehicle market as the Trump administration takes office. EV sales have already plateaued, with companies like Ford struggling and Tesla seeing slower growth, leading automakers to worry that they may need heavy discounts to sustain sales. Under the Trump administration, two major threats loom: the likely…
Doug McIntyre reports on an alarming three-alarm brush fire in Manhattan that required more than 150 firefighters to extinguish. The fire underscores a worsening drought in New York City and its surroundings, with 45 consecutive dry days — the longest period since 1820 — and no rain forecasted for the next week. Wildfires have also…
Doug McIntyre discusses a recent Realtor.com study revealing that four Florida cities — Tampa, Miami, Fort Lauderdale and Jacksonville — are among the ten cities nationwide with the most significant falling real estate prices. The primary cause for the decline is climate change, with these cities frequently hit or brushed by severe storms. In addition,…
Doug McIntyre discusses the worsening drought in the Northeast, where rivers and reservoirs are drying up at alarming rates. Reservoirs, usually full to the brim, are now significantly depleted, echoing the decades-long water crisis in California. The drought, in an area unaccustomed to such conditions, is one of the worst in the region since 1820…
