Mounting evidence shows the dangerous impact that the world’s current reliance on fossil fuels has on the climate and the resulting risks to people, property, and financial assets.
Without change, we risk a future of extreme climate events, such as tropical storms, blizzards, flooding, droughts, and wildfires, that are already increasing in intensity and frequency. As risks to individuals, insurers, businesses, and supply chains mount, it's critical to identify, understand, and act on climate-related threats.
Analysis of storm surge for New York, Miami, and Houston suggests that by 2050, sea level rise may increase storm surge losses by up to two times, with this number climbing when combined with increases in the number of major hurricanes.
The staggering scope of wildfires on the west coast in 2020 exceeded 5 million acres with more fatalities, displaced residents, and destroyed properties across California, Oregon, and Washington.
The energy sector is under the spotlight more than ever–and in the coming year, activists will look to build on the momentum from global protests and high-profile cases.
Since 2010, a total of 32 catastrophic weather events have occurred just in the month of October. With natural catastrophes such as hurricanes, floods, winter storms, and wildfires increasing in frequency and intensity, late-season events can still pose considerable risk.
While heavy rains in China occur annually in late spring to early summer, are changes in large-scale climate factors amplifying monsoons and extending the season?
As the pandemic forces governments to provide economic stimulus, the crisis presents an opportunity to put economies on track for the energy transition.
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