Following the release by the New York Times of a draft copy of a Climate Change Special Report (CSSR) prepared to provide the scientific basis of the upcoming 2018 Fourth National Climate Assessment—as if perfectly planned for maximum effect, according to an analysis released on August 15 by NASA’s Goddard Institute for Space Studies (GISS)— July 2017 was the warmest July on record (since 1880), and statistically tied with the warmest month on record of August 2016. (GISTEMP Team, 2017: GISS Surface Temperature Analysis (GISTEMP). …Continue Reading
Category: Climate Change
Recent Efforts in California to Address Climate Change – New Twists on Established Strategies
As the world continues to confront the reality of a changing climate resulting from anthropogenic (human caused) releases of greenhouse gasses since the dawn of the industrial age, efforts to slow the increase of average global temperatures and combat the worst effects of that temperature rise have taken various tracks — from large-scale international agreements such as the Paris Accord (COP23) and the Kyoto Protocol, to legislative attempts such as cap-and-trade programs, to lawsuits based on international, federal, and state law, to technological innovations such …Continue Reading
How Will Businesses and the Insurance Industry Respond to the Growing Threat of Climate Change?
The ability of the global insurance industry to manage society’s risks likely will be significantly impacted by climate change in coming years. The ClimateWise report recently confirmed that since the 1950s the frequency of weather-related catastrophes has increased six-fold. As these risks occur more often, previously insurable assets are becoming uninsurable, and those already underinsured are further compromised. The overall consequences can be far reaching and as yet, we are not able to comprehend the vast nature of the risk.
Even more recently there are …Continue Reading