As Los Angeles continues its efforts to rebuild, Bank of America is announcing $10m in zero-interest loans to Community Development Financial Institutions (CDFI) for ongoing housing, non profit facilities and small business assistance. The loans will be managed through three west coast CDFIs involved in the region’s disaster recovery efforts following the devastating Eaton and Palisades fires.
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Funding for flood defences is crucial, says the ABI
The Association of British Insurers (ABI) says that, between January and April this year, claims for weather-related damage to people’s homes and possessions in the UK topped £200m for the first time ever. Pay-outs surpassed the previous quarterly record from Q1 2022 by £67m.
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CCC: the UK is not prepared for climate impacts
Climate change is making extreme weather in the UK more likely and more extreme. This looks like heatwaves, heavy rainfall and conditions that enable wildfires. The UK is not appropriately prepared for this.