How Insurance Companies Can Go Bankrupt from Climate Change
“How can insurance companies go bankrupt just from climate change?”
Climate change is wreaking havoc on finances everywhere. And insurance companies are often responsible for securing the losses that their customers face. In 2018, the Paradise Fire in Northern California destroyed properties whose combined claims were valued at 64 million USD to the Merced Property & Casualty Company. The problem is, the company only had 23 million USD in assets! This caused the 112-year-old company to file for bankruptcy, illustrating How Insurance Companies Can Go Bankrupt from Climate Change. As time goes on, these companies will have to be more careful about their insurance policies and how their organizations operate.
How Climate Change Will Disrupt Global Supply Chains
“How will global supply chains be critically impacted by climate change?”
Global supply chains for businesses rest upon the physical transport of items, which are contingent upon weather conditions. However, with the Earth’s equilibrium being sent into imbalance with climate change, these conditions are going to become more chaotic, whether it be greater turbulence in the oceans impeding freight traffic or ports being flooded by sea-level rise, governments, institutions, and individuals will need to deal with How Climate Change Will Disrupt Global Supply Chains.
Climate-Induced Infrastructure Insurance Divestment
“Why are some insurance companies divesting from carbon-intensive projects?”
Major infrastructure projects often need insurance to ensure stakeholders that their money is safe. However, some of these activities such as new power plants or gas pipelines are making the planet less safe due to their carbon-intensive nature. As a result, some insurance companies such as Chubb are limiting the amount of non-sustainable projects that they invest in. This Climate-Induced Infrastructure Insurance Divestment is growing exponentially at both the grassroots and systematic level. If you would like to help take action, check out what 350 Colorado has to say.
Wildfire Emergency Management
“How can we manage wildfire emergencies?”
The increasingly dry and hot weather in Mediterranean climates brought about by global warming is causing wildfires to exponentially increase exponentially in intensity and size. To combat this, WIldfire Emergency Management, or response to thee events, needs to be revised and implemented across the board.
How Climate Change Is Making the Bay Area Windier and More Prone to Fires
“Why is a windier Bay Area more at risk of fires?”
The Earth’s climate is changing more and more as larger volumes of carbon dioxide are poured into the atmosphere. Nothing seems to be unaffected, not even wind speeds. Although the data right now is scarce, current projections are showing that Northern California is experiencing windier seasons years after year in the autumn, which when combined with dry and hot conditions can lead to wildfires. As a result, government officials may need to think about how to incorporate this issue into their resilience planning. This is How Climate Change Is Making the Bay Area Windier and More Prone to Fires.
Image credit https://climatefeedback.org/
Why Spring Is Coming Earlier with Climate Change
“Why is Spring coming earlier with climate change?”
In the past, the four seasons in many places were fairly consistent and equal. However, in recent years Spring has been found to be coming earlier and Winter ending faster. This is because rising average temperatures have turned the warmer tail-end of Winters into extended Springs. This is Why Spring Is Coming Earlier with Climate Change.
“How can forests suddenly die and emit carbon?”
Forests are one of the greatest carbon sinks available on this planet. However, with the changing climate, the conditions that led to their life are now changing. Induced heat stress and the spread of pathogens are causing entire forests to wither away and release stored carbon. This Forest Dieback can create a positive reinforcement cycle in which the more trees that die the worse the climate becomes, leading even more trees to die off. Two of the most extreme cases of this are in the Amazon rain forest and the Boreal forest, where large portions of the former is actually turning into a savanna.
Image credit upload.wikimedia.org
How Climate Change Will Lead to Water Crises
“How will there be more water crises because of Climate Change?”
With the advent of the changing climate, almost every environmental variable will be affected. In particular, areas which have dry climates will become dryer. This means less water will be produced, leading to shortages. Such shortages will cause haphazard issues for infrastructure systems designed for greater supplies of water, resulting in difficult tensions. An illustration of this can be found in Cape Town, South Africa, where a dry spell caused the municipality to enact draconian water supply restrictions. This is How Climate Change Will Lead to Water Crises.
How Carbon Capture Can Reduce Radiative Forcing
“How can carbon capture reduce the amount of radiation absorbed from the sun?”
Greenhouse gases are responsible for the increase the increase of the heat trapped in the atmosphere. But with carbon capture, there will be less greenhouse gases and therefore less radiative forcing. This is How Carbon Capture Can Reduce Radiative Forcing.