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Boats among melting ice caps in Greenland. Photo: Mario Tama/Getty Images

Greenland was hit by a wave of snowfall earlier this week, bringing a mild dose of relief to the country's rapidly melting ice sheet, NASA announced.

Why it matters: The accelerating rate of climate change hastens the extent of the ice melt in Greenland, which is the largest contributor to global sea levels rising.

The big picture: The recent snowfall brought on by Hurricane Larry might be able to balance out some of the summer's ice losses, per NASA.

  • Our thought bubble: via Axios' Andrew Freedman: When it hit Greenland, Hurricane Larry was transitioning into a powerful post-tropical storm that brought tropical moisture into a cold air mass, unleashing heavy snow. The heavy snows there may have helped balance out some of the ice loss during the melt season, but certainly didn't make up for any long-term melt.
  • “It is a dramatic end to a season of extreme events across the Greenland ice sheet,” Lauren Andrews, a glaciologist with NASA’s Global Modeling and Assimilation Office, said in the press release.
  • Greenland saw significant ice melt this summer. Researchers estimate that in July alone, enough ice melted to cover all of Florida in two inches of water.
  • Last month, rain was observed for the first time on the peak of the Greenland Ice Sheet, typically the coldest spot on the world's largest island.
In photos
Icebergs and light snowfall are seen from NASA's Oceans Melting Greenland (OMG) research aircraft near the west coast on Sept. 7, above Greenland. Photo: Mario Tama/Getty Images
An edge of the retreating Greenland Ice Sheet on Sept. 8, near Kangerlussuaq, Greenland. Photo: Mario Tama/Getty Images
Rain falls beyond floating ice and icebergs and the historic Zion's Church on Sept. 4, in Ilulissat, Greenland. Photo: Mario Tama/Getty Images

Go deeper

Oct 10, 2021 - Axios on HBO

Scoop: Ben and Jerry stumped by Texas and Georgia

The activist co-founders of Ben & Jerry’s admitted in an interview with “Axios on HBO” that they don't know how to hold states like Georgia and Texas accountable when they pass laws with which they disagree.

Why it matters: Ben Cohen and Jerry Greenfield have made progressive politics synonymous with their brand. The 70-year-old entrepreneurs, who no longer control the company but retained their right to be its social conscience, have shown they’ll use business muscle in pursuit of their ideals.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

FTX CEO predicts more U.S. crypto flight

Photo: "Axios on HBO"

FTX doesn't look much like a company valued at $25 billion. Its new headquarters, located in a sleepy part of The Bahamas, is so nondescript as to not even have a sign. But it does expect to soon have neighbors.

Driving the news: Founder and CEO Sam Bankman-Fried tells "Axios on HBO" to expect "more and more crypto flight from the states" if the U.S. doesn't soon create a regulatory regime for cryptocurrencies.

Developed countries reveal $100 billion climate finance plan ahead of COP26

Alok Sharma, head of the UN Climate Summit in Glasgow, speaks in Paris on Oct. 12. ( Li Yang/China News Service via Getty Images)

After 12 years of fits and starts, industrialized nations on Monday put forward a detailed plan to provide at least $100 billion annually in climate aid to developing countries starting by 2023.

Why it matters: The plan, presented by representatives of Canada and Germany, is aimed at defusing one of the biggest sources of tension at COP26, which is the failure of industrialized nations to follow through on their financial commitments.