$270,000 Drug. One Competitor. Billion-Dollar Market.

Phase 3 trial targets recurrent pericarditis with an oral therapy that could disrupt the only approved treatment. And their heart failure program launches in 2026.

Climate change cost U.S. ski industry billions, study says, and future depends on emissions

BRITTANY PETERSON
February 29, 2024

DENVER (AP) -- U.S. ski areas lost $5 billion from 2000 to 2019 as a result of human-caused climate change and could lose around $1 billion annually in the 2050s depending on how much emissions are reduced, a new study found.

People "may not care about the loss of the species halfway around the world, or a flood that's happening in some other part of the world. But sport is often something people care about," said Daniel Scott, a scientist at the University of Waterloo and study co-author. "And they can see some of these changes happening."

Warm weather has upended winter recreation across North America and Europe this year, cancelling a 250-mile dog sled race in Maine, opening golf courses in Minnesota, and requiring snow saved from the previous year to run a ski race in Austria. A warm, dry El Niño weather pattern coupled with global warming is to blame, scientists say, and has put the threat to winter on center stage.

"It's a now problem, not a future-looking problem," said Auden Schendler, senior vice-president of sustainability at Aspen One, a ski and hospitality company that helped fund the study, published in Current Issues in Tourism.

It models what average ski seasons would have looked like from 2000 to 2019 in the four major U.S. markets -- the Northeast, Midwest, Rocky Mountain and Pacific West -- without climate change. Its baseline comparison is ski seasons from 1960 to 1979 -- a period when most ski areas were operating and before significant trends of human-caused warming began. It found the average modeled season between 2000 and 2019 was shorter by 5.5 to 7.1 days, even with snowmaking to make up for less natural snow.

Under an optimistic emissions reduction scenario, the future of the U.S. ski industry would see seasons shortened by 14 to 33 days in the 2050s, even with snowmaking. A high-emissions scenario would nearly double the days lost.

Countries meeting for annual climate talks agreed in December that the world needs to be "transitioning away" from the fossil fuels that are heating the planet to dangerous levels, but set no concrete targets for doing so. Earth last year had its hottest year on record, and monthly records have continued this year.

"The future of the ski industry, if that's something you care about, is really in our hands and it will play out over the next 10 to 15 years in terms of the policies and actions that we take to reduce emissions," Scott said.

The researchers calculated economic losses based on increased operating costs for snowmaking along with lost skier revenue. Scott called the estimates "probably somewhat conservative," noting that they don't include such things as the loss of money that skiers spend on goods and services in winter sport communities.

The researchers said they undertook the study in part to fill a void in good data about how much climate change was costing the ski industry. They also suggested such data would be needed if the industry pursued lawsuits against fossil fuel producers, citing as a precedent ongoing litigation by several Colorado communities that are suing oil companies ExxonMobil and Suncor Energy for the cost of adapting to the impacts of climate change.

The researchers wrote that snowmaking is "no longer able to completely offset ongoing climate changes" and said "the era of peak ski seasons has likely passed in most U.S. markets."

David Robinson, a Rutgers University researcher and the New Jersey state climatologist, made the same point as he called the study interesting and solid.

"It's not going to stop snowing," said Robinson, who wasn't involved in the work. But "things such as snowmaking are only going to be able to go so far where it's being done now" as the planet continues to warm.

Julienne Stroeve, a senior scientist at the National Snow and Ice Data Center, who also wasn't involved in the work, said the study doesn't address how skiers and snowboarders might respond to declining quality of the snow that does fall. She wondered whether skier behavior will change if poor snow conditions become more frequent.

That change in skier behavior is known as substitutability, Scott said. If skiing isn't an option or doesn't provide good snow conditions, will people travel to another ski area? Turn to mountain biking? Scott said he would like to find out.

"That's another one of those things we'd love to know more about, because then you could improve the modeling," he said.

___

The Associated Press receives support from the Walton Family Foundation for coverage of water and environmental policy. The AP is solely responsible for all content. For all of AP's environmental coverage, visit https://apnews.com/hub/climate-and-environment

Continue Reading...

Popular

Bill Ackman, Marc Andreessen And More Tech Leaders Back David Sacks As He Slams 'Hoax' Report

David Sacks calls the NYT conflict report a 'hoax' as Bill Ackman, Marc Andreessen, and tech elites rally to defend his White House role.

Mercury Marine Extends Exclusive Supply Pacts As European Builders Unveil New Boats

Mercury Marine renews exclusive engine-supply agreements with Saxdor Yachts and Axopar Boats, showcasing new releases at major boat shows.

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Resilient in face of Trump tariffs, world economy is forecast to grow 3.2% this year, OECD says

WASHINGTON (AP) — The world economy has proven surprisingly durable in the face of President Donald Trump’s trade wars, the Organization for Economic Cooperation and Development said Tuesday, upgrading its outlook for global and U.S. economic growth this year.

Space forecasters say severe solar storms could hit Earth and trigger auroras

NEW YORK (AP) — Space weather forecasters issued an alert on Tuesday for incoming severe that could produce and temporarily disrupt communications.

The Smart Money Copper Trade - Ad

Only one lines up grade, scale potential, and Quebec power like this. Insider alignment is real. Stepouts are opening new zones. With EVs and grid buildouts rising, this could be the timely copper idea you have been waiting for.

Shaquille O'Neal Says His Naive Pitch Nearly Wrecked His Wealth: 'If I Get Your Million Now, In A Couple Years, It Will Be A Couple Million'

Shaquille O'Neal has made a remarkable transition from his illustrious sports career to becoming a successful business entrepreneur, with a portfolio estimated to be worth around $500 million.

The Next Biggest Bull Run In Over 50 Years - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Cathie Wood Dumps $11.6 Million Worth Of Tesla Stock: Here Is What Ark Purchased Instead

On Wednesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

NEW YORK (AP) — President Donald Trump denounced ABC News' Mary Bruce as a “terrible reporter” Tuesday and threatened the network's license to broadcast after she asked him three sharp questions at the White House.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Lawsuit challenges TSA's ban on transgender officers conducting pat-downs

A Virginia transportation security officer is accusing the U.S. Department of Homeland Security of sex discrimination over a policy that bars transgender officers from performing security screening pat-downs, according to a federal lawsuit.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

How Tyson's Chicken Business Will Offset Beef Weakness

Tyson shares rise as pricing catch-up expected to ease cost pressures; chicken strength offsets beef headwinds amid stable feed costs.

Trump Withdraws Support For 'Wacky' Marjorie Taylor Greene In Sudden, Fiery Split: 'I Can't Take...'

President Donald Trump said he is withdrawing his endorsement of longtime ally Rep. Marjorie Taylor Greene — here's what happened.

Inside: What's Going on Behind the Scenes in DC? - Ad

Former CIA officer Buck Sexton just met with Trump and VP J.D. Vance - and what he uncovered inside the West Wing is stunning. With ties to Tulsi Gabbard, Mike Johnson, Kash Patel, and more, he's rushing this urgent interview to reveal shocking secrets unfolding behind the scenes right now.

Analyst Sees Strong Medtronic Momentum Through 2026 With Buy Rating Intact

BofA expects Medtronic to post over 5% second-quarter revenue growth and maintain strong momentum through 2026, driven by robust procedure trends.

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

OpenAI Takes Equity Stake In Thrive Holdings, AI Giant Will Embed Teams In Joshua Kushner-Led Company To 'Boost' Speed And Accuracy

OpenAI is expanding its enterprise reach by taking a stake in Thrive Holdings to embed AI teams in traditional service firms, while also exploring ad-based revenue in ChatGPT, considering a $6 billion share sale that could lift its valuation to $500 billion, and generating far more revenue than the widely reported $13 billion.

A third Russian tanker attacked in the Black Sea, Turkish authority says

ANKARA, Turkey (AP) — A tanker carrying sunflower oil from Russia to Georgia was attacked in the Black Sea, the Turkish maritime authority said Tuesday, days after by .

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Dogecoin Fakes A Rally Then Dumps 3%—But Why?

Dogecoin (CRYPTO: DOGE) fell close to 3% on Tuesday, as large holders shifted roughly $32 million worth of DOGE to exchanges, putting sellers back in control.

Cathie Wood Bets Big On These Stocks As Bitcoin, Ethereum Crash —Dumps Instagram Rival

On Tuesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its holdings in Bullish (NYSE:BLSH), Coinbase Glo

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Serbian protesters vow to prevent real estate project linked to Trump son-in-law Kushner

BELGRADE, Serbia (AP) — Thousands of protesters in Serbia symbolically formed a human shield Tuesday around a bombed-out military complex, vowing to protect it from redevelopment as a luxury compound by a company linked to U.S. President Donald Trump’s son-in-law .

Axon Enterprise: From TASER To AI-Powered Public Safety Platform

Axon Enterprise is executing an interesting transition from hardware vendor to high-margin SaaS and AI platform...

$270,000 Drug. One Competitor. Billion-Dollar Market. - Ad

Phase 3 trial targets recurrent pericarditis with an oral therapy that could disrupt the only approved treatment. And their heart failure program launches in 2026.

Donald Trump Nullifies 92% Of Joe Biden's Autopen-Signed Documents: 'Cancelling All Executive Orders And Anything Else'

Trump moved to invalidate what he claims are most of Biden's autopen-signed actions, sparking political backlash and renewed debate over the legality and precedent of using mechanical signatures for presidential documents.

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Warren Buffett Initiates Alphabet Position, Trims Apple In Q3 — Here Are Berkshire's Moves

Warren Buffett's Berkshire Hathaway took a new stake in a member of the Magnificent Seven, while lowering its stake in Apple in the third quarter.

The Smart Money Copper Trade - Ad

Only one lines up grade, scale potential, and Quebec power like this. Insider alignment is real. Stepouts are opening new zones. With EVs and grid buildouts rising, this could be the timely copper idea you have been waiting for.

Trump Hints At Tax Cut, John Bolton Warns Of Peace Prize Ambitions And More: This Week in Politics

Trump hints at major income tax cuts, while political tensions rise over military orders, Russia policy, and government shutdown threats.

Scaramucci Says This One US Mistake Helped China Become a Manufacturing Superpower

Anthony Scaramucci recently highlighted what he considers a significant error by the US that enabled China to ascend as a manufacturing superpower.

The Next Biggest Bull Run In Over 50 Years - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Apple Announces Major Changes: New iPhone Models and Altered Release Schedule

Apple has announced plans to roll out three new iPhone models within the next three years, marking a major transformation in the history of the device.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service