Former U.S Secretary of the Treasury Hank Paulson was in Portland this summer with more evidence that the U.S. faces significant and diverse economic
risks from climate change in a report called Risky Business.
Indeed, five of the top 10 companies in the S&P 500 cited growing business
risk from climate change in their financial filings in 2014.
The Philippines, ranked second-most at
risk from climate change in a recent United Nations report, reports the greatest concern about the personal toll of climate change among the Asian nations surveyed.
Not exact matches
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or
climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations
in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting
from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market
risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur
in the legal and regulatory proceedings described
in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
Share: FacebookTwitterLinkedinGoogle + emailA recent headline
in the Globe and Mail summed it up well: «Business
risk from climate change now top of mind for Canada's corporate boards.»
From our perspective, the financial sector side, in what sense does climate change pose new or different risks to the financial system, all the way from the obvious, such as the concept of stranded assets, which you've got lending all against those thi
From our perspective, the financial sector side,
in what sense does
climate change pose new or different
risks to the financial system, all the way
from the obvious, such as the concept of stranded assets, which you've got lending all against those thi
from the obvious, such as the concept of stranded assets, which you've got lending all against those things?
Over a year which has seen large banks halt funding for fossil fuel projects, major institutions divest
from oil, gas and coal holdings, and oil companies snap up power and renewables companies
in a bid to diversify their asset base, research published today by the UK Sustainable Investment and Finance Association (UKSIF) and the
Climate Change Collaboration suggests nervousness over climate risk has shot up in financial c
Climate Change Collaboration suggests nervousness over
climate risk has shot up in financial c
climate risk has shot up
in financial circles.
Darin Kingston of d.light, whose profitable solar - powered LED lanterns simultaneously address poverty, education, air pollution / toxic fumes / health
risks, energy savings, carbon footprint, and more Janine Benyus, biomimicry pioneer who finds models
in the natural world for everything
from extracting water
from fog (as a desert beetle does) to construction materials (spider silk) to designing flood - resistant buildings by studying anthills
in India's monsoon
climate, and shows what's possible when you invite the planet to join your design thinking team Dean Cycon, whose coffee company has not only exclusively sold organic fairly traded gourmet coffee and cocoa beans since its founding
in 1993, but has funded dozens of village - led community development projects
in the lands where he sources his beans John Kremer, whose concept of exponential growth through «biological marketing,» just as a single kernel of corn grows into a plant bearing thousands of new kernels, could completely
change your business strategy Amory Lovins of the Rocky Mountain Institute, who built a near - net - zero - energy luxury home back
in 1983, and has developed a scientific, economically viable plan to get the entire economy off oil, coal, and nuclear and onto renewables — while keeping and even improving our high standard of living
Pulling the same legal levers as those involved
in its
climate change investigation of ExxonMobil, the New York state attorney general's office obtained an agreement
from coal giant Peabody Energy to end misleading statements and disclose
risks associated with global warming.
An equally unprecedented wave of complex
risks,
from climate change to cyber threats, calls into question the value of citizenship
in even the most powerful economies
in the world.
This they do confessedly... at the hazard of such
changes in the constitution
from difference of
climate as to render their return dangerous, and at the
risk of weakening those domestic ties connected with the parental domicile, which are seldom severed but at the expense of virtue.»
«Greenpeace prioritizes safety above all else — rappelling
from a bridge is a walk
in the park compared to the
risks that we'll face if we continue the
climate change trajectory we're on now.»
The panel is expected to discuss topics ranging
from the impact of
climate change on New Yorkers» health, the increase
in extreme weather such as heightened flood
risk, and recent efforts by the state to respond.
Beyond the
climate change bill, though, we will need Labour and the Conservatives to be as brave as the Liberal Democrats
in coming up with hard proposals for
change: so far, only the Lib Dems have put forward firm plans for greener but not higher taxes, by switching the tax burden
from good things like work,
risk and effort to bad things like pollution.
It's fair to guess he was alluding to efforts by various elected officials to limit further investment
in climate change studies, renewable energy technologies and proposals for outside - the - box basic research — the type of high -
risk but also potentially high - payoff investigations
from which transformative developments most often emerge.
By comparison, phenacosaur anoles living
in cloud forests have had very little exposure to temperature variability for over 10 million years and are very much at
risk from climate change, he said.
The economist who laid out the business case for combating
climate change in 2006 suggests that his own review underestimated the
risk from global warming
«It is time to move on
from the fake debate over whether
climate change is real or poses a
risk, and onto the worthy debate about what actions we must take to avoid a
climate catastrophe,» he said
in an email.
Today, as warming waters caused by
climate change flow underneath the floating ice shelves
in Pine Island Bay, the Antarctic Ice Sheet is once again at
risk of losing mass
from rapidly retreating glaciers.
Showy ornaments used by the male of the species
in competition for mates, such as the long tail of a peacock or shaggy mane of a lion, could indicate a species»
risk of decline
in a
changing climate, according to a new study
from Queen Mary University of London (QMUL).
With a global population that is expected to blossom
in the coming years, and
risks to food yields
from climate change, it will be essential to shore up food infrastructure and keep global food markets open
in food - exporting nations, he said.
The
risk assessment stems
from the objective stated
in the 2015 Paris Agreement regarding
climate change that society keep average global temperatures «well below» a 2 °C (3.6 °F) increase
from what they were before the Industrial Revolution.
Starting
from the same kernel of scientific truth as did The Day After Tomorrow — that global warming could disrupt ocean currents
in the North Atlantic — a study commissioned by the Pentagon, of all organizations, concluded that the «
risk of abrupt
climate change... should be elevated beyond a scientific debate to a U.S. national security concern.»
The team was led by Dr Shari Gallop, Research Fellow
in Geology and Geophysics at the University of Southampton, and included Dr Ivan Haigh, also
from the University of Southampton; Professor Ian Young, Vice-Chancellor of the Australian National University (ANU); Professor Roshanka Ranasinghe, Professor of
Climate Change Impacts and Coastal
Risk (UNESCO - IHE, Deltares, ANU), and Dr Tom Durrant (Bureau of Meteorology, Australia).
Collecting ice cores
from high - mountain glaciers most at
risk from climate change and storing them
in Antarctica for future generations of scientists: that is the goal of ICE MEMORY, an international program aimed at preserving the memory of high - mountain glaciers.
Implementing key policies and investments
in those three systems —
from phasing out fossil fuels to stopping deforestation to ramping up energy efficiency — could deliver at least half of the emissions cuts needed by 2030 to lower the
risk of dangerous
climate change, said Jeremy Oppenheim, the report's program director.
To get a sense for how this probability, or
risk of such a storm, will
change in the future, he performed the same analysis, this time embedding the hurricane model within six global
climate models, and running each model
from the years 2081 to 2100, under a future scenario
in which the world's
climate changes as a result of unmitigated growth of greenhouse gas emissions.
For example,
in the Maldives, many small, remote low - lying islands are at
risk from climate change and will struggle to adapt.
«Understanding which genes are involved
in transgenerational acclimation, and how their expression is regulated, will improve our understanding of adaptive responses to rapid environmental
change and help identify which species are most at
risk from climate change and which species are more tolerant,» Dr Veilleux says.
Even so, future disclosures will include information detailing the
risk the company faces
from «potential laws and regulations relating to
climate change or coal, which could result
in materially adverse effects on its markets or [the] company,» it said.
An overall objective, aside
from the desire to assess alternative means to combine human social system models with
climate models, is to provide a rational basis to determine whether human
risk perception and associated
changes in behaviors can significantly affect
climate projections.
Abstract: Coastal communities
in tropical environments are at increasing
risk from both environmental degradation and
climate change and require urgent local adaptation action.
-- 7) Forest models for Montana that account for
changes in both
climate and resulting vegetation distribution and patterns; 8) Models that account for interactions and feedbacks
in climate - related impacts to forests (e.g.,
changes in mortality
from both direct increases
in warming and increased fire
risk as a result of warming); 9) Systems thinking and modeling regarding
climate effects on understory vegetation and interactions with forest trees; 10) Discussion of
climate effects on urban forests and impacts to cityscapes and livability; 11) Monitoring and time - series data to inform adaptive management efforts (i.e., to determine outcome of a management action and, based on that outcome, chart future course of action); 12) Detailed decision support systems to provide guidance for managing for adaptation.
«
In any coastal area there's extra value in property, [but] climate change, insofar as it increases risks for those properties from any specific set of hazards — like flooding and storm surge — will decrease value.&raqu
In any coastal area there's extra value
in property, [but] climate change, insofar as it increases risks for those properties from any specific set of hazards — like flooding and storm surge — will decrease value.&raqu
in property, [but]
climate change, insofar as it increases
risks for those properties
from any specific set of hazards — like flooding and storm surge — will decrease value.»
The consequences of
climate change are being felt not only
in the environment, but
in the entire socio - economic system and, as seen
in the findings of numerous reports already available, they will impact first and foremost the poorest and weakest who, even if they are among the least responsible for global warming, are the most vulnerable because they have limited resources or live
in areas at greater
risk... Many of the most vulnerable societies, already facing energy problems, rely upon agriculture, the very sector most likely to suffer
from climatic shifts.»
Likewise, no direct push
from climate change could be found
in California's wildfire activity, though it is clear that it is increasing the overall wildfire
risk there.
Lead researcher Prof Paul Hunter,
from UEA's Norwich Medical School, said: «Our study has shown that the
risk of dengue fever is likely to increase
in Europe under
climate change, but that almost all of the excess
risk will fall on the coastal areas of the Mediterranean and Adriatic seas and the North Eastern part of Italy, particularly the Po Valley.»
Long - term
risks can arise
from purely social causes (e.g., those associated with political or economic institutions, violence, and technology), but often arise
from the interaction of humans with the Earth system (e.g.,
climate change; ozone depletion; resource depletion; pandemics; flood and seismic
risk in areas subject to increasing development).
Small populations of island endemic taxa are often at
risk of extirpation or extinction due to their reduced genetic diversity and increased susceptibility to genetic drift, disease, and
climate change, especially
in conjunction with over-exploitation, habitat loss, and predation or competition
from invasive species [4 — 7].
The anticipated doubling of the sub-Saharan population
in Africa by 2050 means doubled exposure to even today's
climate risks, let alone what may come
from greenhouse - forced
changes.
At the Paris meeting, nearly 2,000 participants,
from countries on all continents and at all levels of development, flowed through dozens of sessions examining an array of policies and actions at all scales that could limit our influence on the atmosphere and oceans and limit
risks that
changes in the
climate will derail human progress.
California has a vested interest
in countering the effects of
climate change,
from vehicle emissions, and other sources, because its economy depends on being able to have access to water (not limited by droughts and floods), as well as having stable land to use to grow crops with, both of which are currently at
risk.
After 20 years of unfulfilled aspirational pledges (the original Framework Convention on
Climate Change), seemingly dead - end detours (the Kyoto Protocol) and relentlessly rising greenhouse - gas emissions, the world may be better off shifting from climate - centric diplomacy to a slate of efforts aimed at advancing the human condition in ways that limit climate - related
Climate Change), seemingly dead - end detours (the Kyoto Protocol) and relentlessly rising greenhouse - gas emissions, the world may be better off shifting
from climate - centric diplomacy to a slate of efforts aimed at advancing the human condition in ways that limit climate - related
climate - centric diplomacy to a slate of efforts aimed at advancing the human condition
in ways that limit
climate - related
climate - related
risks.
Folks who have invested
in fossils have known for decades that their purchase was at
risk from action to make
climate change somewhat less catastrophic.
But Dr. Somerville, who has also contributed to several reports
from the Intergovernmental Panel on
Climate Change, says the
risks that attend further silence,
in the face of ever - growing emissions of heat - trapping gases, are far greater.
But it's possible, and even if this particular disaster is not attributable to
climate change, it still exemplifies very well what the
risks from extreme precipitation «look like»,
in the Bay area and around the world.
I was very impressed early this year with former Representative Sherwood Boehlert's op - ed
in the Washington Post on the need for the party to embrace science, including the science pointing to building
risks from human - driven
climate change.
If we can't get it right with tobacco, where there's no benefit to weigh against the toll
in lives and costs, how can we get it right with fossil fuels, where the real - time benefits of affordable energy seem always to trump the long - term
risks from climate change?
In light of those concerns, I suggest a suite of policies, focused largely on
risk reduction and adaptation, to insulate the United States and countries of strategic concern
from the worst effects of
climate change.
India and African nations are far more at
risk,
from climate change, than are the United States, Canada, and France; China is somewhere
in the middle.