Italy’s $4.7 billion cheese economy is feeling the heat as climate change threatens its cheese banks that hold Parmigiano wheels as loan collateral

Extreme heat is straining the vaults that hold Parmigiano wheels as loan collateral, and economists say the damage runs wider than the vault

Record-high greenhouse gas levels, rising temperatures, rising sea levels, and glaciers melting for the 38th year in a row. These are the devastating numbers behind the climate crisis.

Since 1953, an Italian bank has accepted wheels of Parmigiano Reggiano as collateral for loans — but the heatwave sweeping across the region is causing the bank to second-guess its decision. About $350 million in cheese is sitting in two warehouses operated by Credito Emiliano, where a European heatwave is quickly thre

The climate is changing more rapidly in Europe than on any other continent and the damage is already stretching public finances, writes Balazs Koranyi

Record heat and droughts this summer have wreaked havoc in power production, shipping and public health systems.

Southern Europe could take the biggest hit as temperature spikes are the largest there, cutting tourism income, exacerbating crop failures and inducing outward migration

FRANKFURT, Aug 10 - For anyone in Europe who still thought climate change was a problem for future generations, this summer's sweltering heatwaves have brought home the reality that its costly and life-altering economic impacts have already arrived.

How the hard reality of climate change hit Europe's economy this summer  Reuters

As extreme weather becomes more common and disruptive, the effects can impair relationships, interrupt routines and communication, and damage gathering places and the foundations of community traditions.

Climate change denial is fruitless after a summer which saw temperature records broken and devastating wildfire, says Record View.

Temperatures are set to approach 100 degrees in Denver on Saturday, with wildfire smoke and the city's altitude adding to a potentially risky playing environment.