Action plan to be drawn up as dry summers, storms and pests destroy swathes of woodland A catastrophic combination of heat, drought, storms, forest fires, beetle plagues and a fungi blight have so far this year destroyed swathes of German forest equivalent to more than 200,000 football fields. Forests are one of the most efficient ways to reduce carbon dioxide emissions, and in Germany alone they are able to absorb 62 million tonnes of CO2 – about 7% of the country’s emissions – every year.
Several tornadoes ripped through Cape Cod, Massachusetts, leaving a trail of damage. The storms hit during a time when the region is packed with summer tourists. In 2018, nearly four million people visited the Cape Cod National Seashore, according to its Chamber of Commerce. Video showed roofs torn off buildings, as well as downed trees and wires.
Within three decades more than 386,000 homes in U.S. coastal areas will be at risk of permanent submersion or regular flooding due to climate change, according to a study by real estate website Zillow and nonprofit weather news site Climate Central.
As the National Hurricane Center expects a Category 1 hurricane as soon as late Friday, some experts emphasize that Louisiana's defense system for storm surges is vastly improved since Hurricane Katrina in 2005.
"Futures Now" Jim Iuorio of TJM Institutional Services and Anthony Grisanti of GRZ Energy discuss where natural gas futures are headed as Storm Barry gets upgraded to a tropical storm with CNBC's Seema Mody.