The two most fundamental
properties of extreme events are that they are rare (by definition) and highly random.
Not exact matches
Yesterday the World Meteorological Organisation published its Annual Statement on the Climate, finding that «2013 once again demonstrated the dramatic impact
of droughts, heat waves, floods and tropical cyclones on people and
property in all parts
of the planet» and that «many
of the
extreme events of 2013 were consistent with what we would expect as a result
of human - induced climate change.»
Pielke is right that an increase in the number
of valuable
properties in high - risk areas is overwhelmingly the primary cause
of increased financial losses from
extreme weather
events over the past few decades.
In 2011 and 2012 alone, the cost
of extreme events totaled $ 720 million, including damage to both crops and
properties.
The NewYork Times: With one week left for the U.N. climate change talks to conclude, developed and developing countries remain at odds on how to solve the crisis being linked to the recent spate
of extreme weather
events that have claimed lives and destroyed
property worth billions
of dollar.
As Ages
of Greenpeace said: «There are now five California lawsuits that, if successful, will help protect people's lives, livelihoods, and
property from the devastating impacts
of climate - fueled
extreme weather
events.»
It is also likely that not very many in the Rose Garden that day could imagine that severe drought would soon paralyze Texas and Oklahoma several years in a row, that massive floods would take hundreds
of lives and destroy billions
of dollars
of property, that glaciers would recede, coral reefs would bleach and die off, or that
extreme weather
events like Hurricane Sandy would bring New York City and much
of New Jersey to its knees.
Around the globe,
extreme events such as floods, droughts, hurricanes, tornadoes, and heat waves increasingly result in forced migration and loss
of life,
property, and security.
«Climate change is causing fire seasons to start earlier and finish later, with an associated trend towards more
extreme wildfire
events in terms
of their geographic extent and duration, intensity, severity, associated suppression costs, and loss
of life and
property,» the scientists write.
Second, the price
of risk needs to be accurate so that insurance companies can compensate consumers in the
event that their
property is damaged through
extreme weather.
Likewise, in the
event that you responsible for
extreme damage, such as a condominium fire, you may be liable for hundreds
of thousands
of dollars
of property damage.
From
extreme weather
events like Superstorm Sandy to everyday concerns about energy consumption, there are a wide range
of environmental issues that impact America's
property owners and communities.