How One Hurricane Reveals Global Warming Cost
September 17, 2021 at 11:48 AM EDT
Hurricane Ida slammed into Louisiana at the end of August and then continued to wreak havoc across the U.S., shutting down pipelines along the coast and in the Gulf of Mexico that supply a sizeable portion of natural gas to the rest of the country. The resulting domino effect has culminated in skyrocketing global carbon allowance prices in a concerning chain of events that gives hints about the costs of a warming world.