NASA scientists announced Wednesday that the Earth’s average surface temperature in 2018 was the fourth highest in nearly 140 years of record-keeping and a continuation of an unmistakable warming trend.
New Zealand sea level rise: Councils' $8b climate change warning | Stuff
"Costs will likely go far beyond tangible measures; not only will infrastructure be exposed, but so will potential economic development and growth, community health and safety and social support systems."
Companies Most Exposed to Climate Change Risks | Barrons
“We’re steadily moving toward a new normal where billion-dollar disasters are a regular occurrence,” says Emilie Mazzacurati, founder and CEO of Four Twenty Seven. “This combination of extreme weather events and growing pressure from asset owners and regulators is pushing a lot of businesses to look for a way to understand their exposure and start managing their risks.”
Greta Thunberg at the WEF in Davos
The Global Risks Report 2019 | World Economic Forum
Extreme weather is again out on its own in the top-right (high-likelihood, high-impact) quadrant of the Global Risks Landscape 2019. The year 2018 was another one of storms, fires and floods.19 Of all risks, it is in relation to the environment that the world is most clearly sleepwalking into catastrophe.
You can download the report here, or go to the WEF webpage for more information.
2018’s Costliest Natural Disasters | Insurance Journal
A report from Munich Re on last year’s natural disasters pointed to “clear indications” that man-made climate change is a factor in California’s wildfires.
Great Ocean Road at risk from erosion and rising sea levels | The Guardian
Yes, let’s pretend nothing has changed....
“The road has been there for 100 years and will continue to be there for many many years, decades to come.”
How Temperature Has Changed in Each Country | Carbon Brief
How Climate Finance Flows Around The World | Carbon Brief
This diagram shows the average yearly amount of climate finance given by each OECD country on average in 2015 and 2016, and where that money went.
Donor countries are listed down the left-hand side of the diagram. The right-hand side shows the amounts which flowed to recipient countries or regions.
Will a 1.5 degrees target trigger a death spiral for oil and gas companies? | Renew Economy
“It is therefore important to think realistically about how such transitions occur and how society and the market will manage this one. Separately – and it is a quite separate issue – we also need to ask if there is a realistic likelihood of today’s oil and gas companies transitioning as corporate entities. Do they have a future? Or will they just fail – as incumbents most often do when faced with such dramatic market change?”
Tackle climate or face financial crash, say world's biggest investors | The Guardian
Global investors managing $32tn issued a stark warning to governments at the UN climate summit on Monday, demanding urgent cuts in carbon emissions and the phasing out of all coal burning. Without these, the world faces a financial crash several times worse than the 2008 crisis, they said.
Climate Change Moves From Risk to Reward | Bloomberg Quint
Major financial institutions have joined together in the U.S. Alliance for Sustainable Finance under Bloomberg’s leadership.
Sustainable finance: central banks test water on climate risks | Financial Times
Paul Fisher was recently interviewed by the Financial Times as part of an article on sustainable finance. The article provides a good summery of the activities in this area as well as some useful links.
The Climate Apocalypse Is Now, and It’s Happening to You | Wired
“Multiple cities will be uninhabitable and migration patterns will be far beyond those levels already creating pressure worldwide.”
GFG Chairman Sanjeev Gupta awarded Climate Alliance Business Leader of the Year
Congratulations to Sanjeev Gupta!
World must triple efforts or face catastrophic climate change, says UN | The Guardian
Rapid emissions turnaround needed to keep global warming at less than 2C, report suggests.
Opinion | I was wrong on climate change. Why can’t other conservatives admit it, too? | Washington Post
The Three Most Chilling Conclusions From the Climate Report | The Atlantic
According to the report, human-caused climate change has heated and dried out the American Southwest, leading to deaths, enormous costs, and lingering health consequences.
We Are So Screwed: Study Warns Of 5 Degree Celsius Warming By 2100 | Clean Technica
Nice work, humans. We have conspired to foul our own nest so egregiously that our extinction is now all but assured. All that left to do is rearrange the deck chairs on the Titanic as we slowly but surely extinguish any chance that we have of survival.
APRA names panel, deadline for enforcement strategy review | The Australian
The Australian Prudential Regulation Authority has advised that deputy chairman John Lonsdale will head an advisory panel that will review its enforcement strategy. The members of the advisory panel are former judge Robert Austin, the ACCC’s Sarah Court and University of New South Wales professor Dimity Kingsford Smith. The review has been commissioned in response to criticism of APRA in the financial services royal commission’s interim report, which noted the regulator’s reluctance to prosecute banks and insurers for misconduct.