Latest market-sensitive news and views - Sept. 6

The world experienced the hottest summer on record, with July and August temperatures approximately 1.5 degrees Celsius warmer than pre-industrial levels, according to the European Union's Copernicus Climate Change Service.

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Relevant topic timeline:

8/22/2023

The costs of extreme heat, at least $100B a year, will rise to staggering levels, says the former Fed economist who’s so influential they named a recession indicator after her

The hottest summer ever recorded is taking an economic toll as workers adapt to extreme heat, potentially costing the economy $100 billion a year and leading to even higher costs in the future if carbon emissions aren't reduced or businesses don't adapt, according to a report by the Atlantic Council.

8/26/2023

Heat, smoky skies return to western Washington this weekend

High temperatures return for the last weekend of August in Seattle, as people enjoy the summer heat.

9/10/2023

Earth Breaks Warming Records in 2023 as El Niño Fuels Unprecedented Heat

The year 2023 is likely to become the warmest on record, as global temperatures in July and August reached the Paris Agreement target of 1.5 degrees Celsius above pre-industrial levels for the first time, and data shows that the year-to-date global temperature is just 0.01C behind the current record holder, 2016.