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Climate

Florida Is Bracing for a Potential Category 4 Hurricane

On a looming storm, Biden’s Climate Week event, and tripling renewables

Florida Is Bracing for a Potential Category 4 Hurricane
Heatmap Illustration/Getty Images

Current conditions: Hurricane John is bringing dangerous storm surge to Mexico’s Pacific coast • Flash floods and landslides are inundating villages in northern Thailand • Phoenix officials confirmed the city had 113 straight days of temperatures over 100 degrees Fahrenheit this summer, breaking the previous record, set in 1993, of 76 days.

THE TOP FIVE

1. State of emergency issued in Florida ahead of potential hurricane

Florida Gov. Ron DeSantis declared a state of emergency in 41 of the state’s 67 counties ahead of a storm that is expected to slam into the state’s Gulf coast Thursday as a Category 3 or maybe even Category 4 hurricane. The executive order activates the Florida National Guard and emergency response teams. “As the system approaches, I'm urging Floridians to finalize their storm prep, monitor weather reports and follow the guidance of local authorities,” DeSantis said. “Stay Safe, Florida.”

AccuWeather

Tropical Storm Nine could strengthen into Hurricane Helene with maximum sustained wind gusts of 111-130 miles per hour, according to AccuWeather meteorologists. It could bring up to 12 inches of rain near the point of landfall, but flooding could happen as far north as the Ohio River Valley. Some parts of the Florida Panhandle could see up to 15 feet of storm surge. “This is going to be a life-threatening storm with dangerous storm surge,” said AccuWeather meteorologist Bernie Rayno. “The one factor that is alarming is how incredibly high water temperatures are, which can fuel rapid intensification right along the forecast track of this storm.”

2. Biden to speak at Climate Week event

President Biden will speak today at Climate Week NYC, taking the stage at the Bloomberg Global Business forum. His comments will highlight his administration’s climate agenda and clean energy policies and how they are “lowering costs, creating good-paying and union jobs, and reducing harmful emissions,” according to a White House statement. E&E News reported that many of Biden’s top energy and environmental officials are out in force, trying to remind everyone that the climate landscape would look very different under a Trump presidency.

3. All eyes on the Global Renewables Summit

Also happening at Climate Week today: The Global Renewables Summit, taking place at the Plaza Hotel. World leaders including European Commission President Ursula von der Leyen and the president of this year’s COP29 summit will be expected to speak about the global goal to triple renewable energy capacity by 2030. The International Energy Agency released a report today concluding that the goal, which was set at last year’s COP28, is within reach but only if countries ramp up transmission expansion and dramatically increase energy storage. “Further international cooperation is vital to deliver fit-for-purpose grids, sufficient energy storage and faster electrification, which are integral to move clean energy transitions quickly and securely,” said IEA Executive Director Fatih Birol. Another new report, from the International Renewable Energy Agency, found that 81% of the new renewable energy capacity added last year was cheaper than fossil fuels.

Meanwhile, at the U.N. General Assembly, leaders of developing nations issued a plea for the world’s developed countries to stop paying “lip service” and lead the way on emissions cuts and climate finance.

4. First Street examines U.S. banks’ climate risks

The non-profit research foundation First Street released a new report yesterday examining the growing financial risks associated with climate disasters. Using its climate risk financial modeling tool, First Street found that 57 U.S. banks with a total of $627 billion in real estate loans could face material financial risk. Those loans represent nearly 11% of all loans in the country. Regional and community banks are especially vulnerable “given the concentrated nature of their lending portfolios.”

“Through climate risk financial modeling, we are able to get the first glimpse of the financial institutions which have material financial risk from their exposure to the physical impacts of climate change,” said Dr. Jeremy Porter, head of climate implications at First Street. “While this risk is material by definition, banks are finally in a position where they can proactively manage these risks to dramatically change their risk profile over time.”

5. California sues ExxonMobil

The state of California is suing ExxonMobil, accusing the oil giant of lying about plastic being recyclable and overpromising on its “advanced recycling” technology. “We are asking the court to hold ExxonMobil fully accountable for its role in actively creating and exacerbating the plastics pollution crisis through its campaign of deception,” California Attorney General Rob Bonta said. “The case opens a new front in the legal battles against oil and gas companies over climate and environmental issues,” explained The New York Times. But legal experts say the state will face an uphill battle in the suit.

THE KICKER

“Even in states where coal makes up a large share of the power grid — such as West Virginia, Wyoming, or Missouri — EVs produce half as much CO2 as gasoline vehicle. That’s because EVs are much more energy efficiency than internal combustion vehicles. So even though coal is a dirtier energy source than gasoline or diesel, EVs need to far less of it (in the form of electricity) to drive an additional mile.” –Robinson Meyer explains why switching to an EV matters so much for the climate, as part of Heatmap’s new Decarbonize Your Life special report.

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AM Briefing

Exxon Counterattacks

On China’s rare earths, Bill Gates’ nuclear dream, and Texas renewables

An Exxon sign.
Heatmap Illustration/Getty Images

Current conditions: Hurricane Melissa exploded in intensity over the warm Caribbean waters and has now strengthened into a major storm, potentially slamming into Cuba, the Dominican Republic, Haiti, and Jamaica as a Category 5 in the coming days • The Northeast is bracing for a potential nor’easter, which will be followed by a plunge in temperatures of as much as 15 degrees Fahrenheit lower than average • The northern Australian town of Julia Creek saw temperatures soar as high as 106 degrees.

THE TOP FIVE

1. Exxon sued California

Exxon Mobil filed a lawsuit against California late Friday on the grounds that two landmark new climate laws violate the oil giant’s free speech rights, The New York Times reported. The two laws would require thousands of large companies doing business in the state to calculate and report the greenhouse gas pollution created by the use of their products, so-called Scope 3 emissions. “The statutes compel Exxon Mobil to trumpet California’s preferred message even though Exxon Mobil believes the speech is misleading and misguided,” Exxon complained through its lawyers. California Governor Gavin Newsom’s office said the statutes “have already been upheld in court and we continue to have confidence in them.” He condemned the lawsuit, calling it “truly shocking that one of the biggest polluters on the planet would be opposed to transparency.”

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Wildfire aftermath.
Heatmap Illustration/Getty Images

In the two decades following the turn of the millennium, wildfires came within three miles of an estimated 21.8 million Americans’ homes. That number — which has no doubt grown substantially in the five years since — represents about 6% of the nation’s population, including the survivors of some of the deadliest and most destructive fires in the country’s history. But it also includes millions of stories that never made headlines.

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The Surprisingly Tricky Problem of Ordering People to Leave

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Wildfire evacuation.
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How many different ways are there to say “go”? In the emergency management world, it can seem at times like there are dozens.

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