Climate and Disaster Preparedness
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Up to 30% of Manageable Assets Globally at Risk to Climate Change
Climate change could soon be “the defining issue for financial stability” according to Mark Carney, governor of the Bank of England and former head of the Financial Stability Board, the international body established to make recommendations to prevent financial collapse. To take that out of econo-speak: Failure to fully comprehend climate risks — droughts, floods, […]
Humans are Reversing the Climate Clock – by 50 Million Years
Our future on Earth may also be our past. In a study published on Dec. 10, 2018 in the Proceedings of the National Academy of Sciences, researchers show that humans are reversing a long-term cooling trend tracing back at least 50 million years. And it’s taken just two centuries. Read the entire article at […]
Cities Seek Technology to Adapt for Climate Change Risks and Challenges
As 1.4 million people move to cities each week, local abilities to keep residents safe can become strained, increasing the risk of disasters, warned the United Nations secretary-general. “The answer is to build resilience to storms, floods, earthquakes, fires, pandemics and economic crises,” said Antonio Guterres in a message for World Cities Day. Read the […]
Credit Downgrades Imminent for Cities Unprepared for Climate Impacts
Many U.S. coastal communities, unprepared for flooding and other effects of global warming-driven sea level rise, are heading toward an imminent downgrade of their credit unless they act quickly, a new report says. Read the entire article at Climate Liability News. The report warns that federal subsidies for rebuilding flooded properties, coupled with the […]
Taxpayers in the Hamptons Among the Most Exposed to Rising Seas
Almost no city stands to lose as much money from climate change as Southampton, New York. The affluent Long Island suburb – where the median price of a home for sale is almost $2 million – has the second highest level of its property-tax revenue at risk among municipalities with a high likelihood of chronic flooding […]
Insurance Industry Affected by Climate Change and Increasing Natural Disasters
The consequences of climate change are diverse and are affecting the insurance industry. The physical changes, in other words regional changes in weather patterns in terms of frequency and extent, are one of the consequences of great relevance to reinsurance. Extreme weather events result in high material damage to buildings and infrastructure, as well as […]
Reaching the Point of No Return
Don Hall, a co-executive director of Transition U.S., a non-profit organization working to build community resilience in the face of environmental and economic crisis, says our nation as a whole is poorly prepared to deal with the impacts of climate change. Read the entire article at American City&County. “This is a much bigger issue […]
Professional Risk Management: the X Factor for Climate Change Mitigation
In their reports on extreme events during 2017, Munich Re and Swiss Re have estimated worldwide natural catastrophe losses at around $330 billion dollars, the second worst on record. Losses from weather-related disasters were the worst ever, as a result of the hurricanes which hit the United States and Caribbean. It was also a record […]
Vegetables Harvested in Antarctic Greenhouse Without Soil, Daylight or Pesticides
Scientists in Antarctica have harvested their first crop of vegetables grown without earth, daylight or pesticides as part of a project designed to help astronauts cultivate fresh food on other planets. Read the entire article at US News & World Report. Researchers at Germany’s Neumayer Station III say they’ve picked 3.6 kilograms (8 […]
The Green Bond Pledge – Building Sustainable Infrastructure for Everyone
Now that renewable energy technology is maturing, the low carbon economy of the future is in sight. The main challenge is how to focus global financial firepower on the kind of civic infrastructure needed for a sustainable future. That’s a formidable task, but a new “Green Bond Pledge” could provide corporations, as well as government […]
