CWR (China Water Risk)

CWR NEW REPORT ⚡CWR releases a new report, “Coastal Blackout? Power assets vulnerable to rising seas demand rethink of energy resilience & transition strategies across North Asia".  🌊The report, which analysed 849GW of power assets located in coastal regions in China, Japan and South Korea, reveals that fast rising seas could swamp coastal power plants of these economic powerhouses sooner than we think, causing coastal blackouts.  ⚡Impacts are sizeable – power assets almost equivalent to the national installed capacity of Indonesia are vulnerable to 1m of sea level rise (SLR) whereas at 3m, power assets affected will be greater than the combined national installed capacity of Vietnam and the Philippines.    🌡️The report is the third in CWR’s new 2024 “Accelerated Threat Series” and aims to address fast rising seas, an imminent threat multiplier if we do not manage to keep warming within 1.5°C.  🌊Already, key drivers of SLR are running well ahead of projections, yet warming is still soaring to 1.64°C for the 12 months to July 2024. With emissions still rising, our current emissions path means we could well see 2-3m of SLR by 2100; we worry that we may see up to 1m by 2050. ⏰Rapid & deep emission cuts are the only way to slow down fast rising seas. Here, the reports revealed significant opportunities for the early retirement of 44GW of coal-fired power plants - this is 1.1x the combined powergen capacity of Malaysia, Cambodia & Brunei. 💡So check out the report and get on top of SLR risks as well as opportunities to fast track transition today:  - Fossil fuel early retirement opps: similar to some of ASEAN's power capacity     -Deep dive by power types: at-a-glance exposure to 1m, 2m & 3m of SLR -Clean energy portfolios at risk: national % of nuclear, solar & wind exposed to 1-3m of SLR  -Prefecture/province level SLR exposure for Japan & South Korea -China Spotlight: at-a-glance SLR exposure for 11 coastal provinces -5 to-do’s to build power resilience to rising seas ⏰It's time to face reality & see how global heating is speeding up sea level rise. Get on top of these escalating risks now! ⬇️ Access the report ⬇️ https://lnkd.in/gCCRgbFA ⬇️ Access the executive summary ⬇️ https://lnkd.in/grjVkT3G ⬇️ Access the press release ⬇️ https://lnkd.in/gV4fXgDC #sealevelrise #energy #climatechange #resilience #emissions

Dear network, Hong Kong based CWR (China Water Risk) has just published an interview with me! Link: https://bit.ly/3AiiLd6 In this interview, I had the opportunity to share my perspectives on water issues around the world and in Latin America, to promote the Youth Statement of the World Youth Parliament for Water and share my ideas on the action that must be done to tackle the challenges identified at the 10th World Water Forum, the WDSA-CCWI 2024, COP16 Colombia, industry and academia related to water access, climate change, resilience and water management. The October newsletter of CWR (China Water Risk), The Next Wave – young leaders, ideas & eco-anxiety, can be found here: https://bit.ly/4dXQFBJ Let’s keep the conversation going until we make water a priority!

🌊 The Next Wave – young leaders, ideas & eco-anxiety – Recent hurricanes were devastating & we're at 1.62°C of warming above pre-industrial levels for the last 12 months to September 2024 - the next wave will be even worse. 🌊 But rather than go down an eco-anxiety spiral, we talk to the next wave of youth water leaders – the founder of the South Asia Young Women in Water platform & a member of the World Youth Parliament for Water. Plus, get on top of cutting-edge youth-led water solutions & hear from CWR’s youngest member on her water journey. 💧 It was experiencing first-hand impacts of water scarcity in her early years that ultimately led Meghna Chakkraborty to create the platform South Asia Young Women in Water - where young women can lead conversations, solutions & actions. Hear more about the platform, her “no sugarcoated” advice for youth thinking about joining the water space, her plans for another platform & more in our interview with her. 🌊 Santiago Gómez, another young water professional (YWP), also began his water journey after a research project where he realised Colombia’s water sector was miles away from being able to implement solutions he developed. He shares his experiences, the huge disconnect between academia & more - what are YWPs now focused on? what changes are they trying to make? & how to stay hopeful? Check out what he said. 💡 Meanwhile, we rounded up cutting-edge youth-led water solutions - a large part of the surge of innovation in the water sector. Imagine being able to pull water out of thin air with just a small gadget & some sunshine? How about an AI system that can warn you about floods a week before? They are hopeful but remember, youth can’t & shouldn’t have to do it on their own. Support from industry, veterans & governments is crucial - it’s not just smart – it’s essential for our collective hope & survival. ⭐ Hope can be a loaded word & as CWR’s youngest team member Sophie Kutsunai Lam shares, everyday in the news is some sort of climate disaster, it’s hard not to let eco-anxiety take over. But like other YWPs, she won’t let that or the shock of learning that sea level rise is an existential threat for Hong Kong (her home) stop her. How do we keep fighting? How do youth find hope? She shares more & why she has no regrets choosing this less conventional career path as she reflects on her 3-year journey at CWR. 🤝 Given this month is about youth, we wanted the last words to be from the youth & Chakkraborty wraps it up perfectly, “This is not about profit or even philanthropy; it’s about long-term survival. The youth brings energy, urgency, & commitment to the table, & I urge potential employers & investors to support their journey because the work being done today will lay the foundation for a more sustainable & equitable tomorrow.”   👉October Newsletter: https://lnkd.in/dqPmFhay   📬Sign up for next month: https://lnkd.in/gztKfebr

Companies disclosing climate transition plans jumped 44% last year but significant disparities exist in the ‘credibility’ & ambition of these plans says Dennis Wan, Head Of Capital Markets APAC at CDP. He shares more key findings from their recent report https://lnkd.in/g_dkFNKA #disclosure #carbon #emissions #transition #resilience #climatechange

Sea level rise stress tests showed low national exposure but material exposure for clean energy portfolios & significant threats at province/prefecture levels. What exactly does this mean for China, Japan & South Korea and where are the opportunities, find out in CWR's new report https://lnkd.in/gQDe_Pdk #coastal #backout #energysecurity #asia #climatechange #sealevelrise

Seas are rising so unimaginably fast that the urge to just give up is strong. CWR's Debra Tan walks us through 8 things she never imagined & her 3 hopes to slow down fast rising seas https://lnkd.in/gZmWpb6C #sealevelrise #climatechange #coastalresilience #adaptation

8 years ago, I posed a critical question in my CWR (China Water Risk) article: "𝗖𝗮𝗻 𝗔𝗣𝗔𝗖 𝗟𝗲𝗮𝗱 𝗜𝗻 𝗔𝗱𝗮𝗽𝘁𝗮𝘁𝗶𝗼𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗲?" Adaptation spans a broad spectrum of activities, from water management, agriculture, biodiversity, urban infrastructure, monitoring & emergency response, to public health. The urgency to invest in climate adaptation was clear then, and it’s even more pressing now. To scale adaptation finance, I advocated for 𝗰𝗿𝗼𝘀𝘀-𝘀𝗲𝗰𝘁𝗼𝗿 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀, 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗺𝗼𝗱𝗲𝗹𝘀, 𝗮𝗻𝗱 𝗰𝗹𝗲𝗮𝗿𝗲𝗿 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀. Fast forward to today, the adaptation finance gap has only widened. UNEP projected adaptation costs for developing countries to be $215-387 billion annually this decade. Yet, public multilateral and bilateral adaptation finance flows to these countries fell by 15% to $21 billion in 2021, leaving a staggering finance gap of $194-366 billion per year. In the meantime, tracking adaptation finance is still hampered by data gaps, methodological inconsistencies, and reporting issues, as highlighted by the Climate Policy Initiaitive (CPI) and the Global Center on Adaptation. So far, there is no single set of universally adopted adaptation indicators. Under the United Nations Framework Convention on Climate Change (#UNFCCC), the UAE–Belém work programme on indicators was established to address this challenge. This two-year initiative seeks to develop and refine indicators for measuring progress towards global adaptation targets. I’m honored to have been recently selected as one of the experts globally to contribute to this vital process. Amongst seven thematic topics, I will focus on “Water” together with 7 other experts, with the following associated target: “(𝘢) 𝘚𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵𝘭𝘺 𝘳𝘦𝘥𝘶𝘤𝘪𝘯𝘨 𝘤𝘭𝘪𝘮𝘢𝘵𝘦-𝘪𝘯𝘥𝘶𝘤𝘦𝘥 𝘸𝘢𝘵𝘦𝘳 𝘴𝘤𝘢𝘳𝘤𝘪𝘵𝘺 𝘢𝘯𝘥 𝘦𝘯𝘩𝘢𝘯𝘤𝘪𝘯𝘨 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘤𝘦 𝘵𝘰 𝘸𝘢𝘵𝘦𝘳-𝘳𝘦𝘭𝘢𝘵𝘦𝘥 𝘩𝘢𝘻𝘢𝘳𝘥𝘴 𝘵𝘰𝘸𝘢𝘳𝘥𝘴 𝘢 𝘤𝘭𝘪𝘮𝘢𝘵𝘦-𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘵 𝘸𝘢𝘵𝘦𝘳 𝘴𝘶𝘱𝘱𝘭𝘺, 𝘤𝘭𝘪𝘮𝘢𝘵𝘦-𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘵 𝘴𝘢𝘯𝘪𝘵𝘢𝘵𝘪𝘰𝘯, 𝘢𝘯𝘥 𝘢𝘤𝘤𝘦𝘴𝘴 𝘵𝘰 𝘴𝘢𝘧𝘦 𝘢𝘯𝘥 𝘢𝘧𝘧𝘰𝘳𝘥𝘢𝘣𝘭𝘦 𝘱𝘰𝘵𝘢𝘣𝘭𝘦 𝘸𝘢𝘵𝘦𝘳 𝘧𝘰𝘳 𝘢𝘭𝘭.” I look forward to collaborating with fellow experts on this important initiative. I’m also keen to learn from my peers about the best methods for measuring water and climate adaptation efforts, which can help with project design and finance structuring. #ClimateAdaptation #SustainableFinance #ClimateResilience #AdaptationFinance #AdaptationIndicators #Water #ClimateIsWater #NatureFinance #GGA #GlobalGoalonAdaptation ****** 🌐 More on the Global Goal on Adaptaton process: https://lnkd.in/gkyxssGU 🤝 List of experts: https://lnkd.in/gu77m5T3 📑 Report by CPI and the Global Center on Adaptation: https://lnkd.in/gX4QjtUa ****** 📷: Thick forestry slash on the beach near Kapiti Coast | © Feng Hu

Typhoon Yagi was a wakeup call - even ‘typhoon-resistant’ wind turbines can't withstand our accelerating climate. And if they're vulnerable, how about the rest of our unadapted power systems? CWR's Sophie Kutsunai Lam breaks down 5 ways power is at risk https://lnkd.in/gyuVBhMZ #power #extremeweather #blackout #climatechange #resilience

⚡ Power plays we never imagined – We never imagined typhoons to escalate so quickly or for seas to rise so much so soon. But it’s happening & our power systems are clearly not up to the challenge. This month we look at ways extreme weather causes blackouts, 8 things we never imagined that will cause “sooner & higher” sea level rise (SLR), & how this could cause North Asia to experience coastal blackouts sooner rather than later. Some good news is that more companies are disclosing transition plans. ⛈️ Last month, Typhoon Beryl left millions in Texas without power. This month, Yagi ripped up wind turbines across Southern China & SEA. Damages of ~US$1.6bn is expected to lower the Vietnam’s annual GDP growth too. But it’s not just typhoons, we share 5 ways extreme weather can impact power; from obvious ways like scorching heat to less obvious ways like overheated waterways that can’t cool nuclear plants. 🌊 Chronic risks like SLR can also cause blackouts. Power assets almost equivalent to national installed capacity of Indonesia are at risk to 1m of SLR by 2050 if emissions continue to rise. Our latest report found significant threats to power assets at province/prefecture levels in China, Japan & South Korea & clean energy portfolios – which could stymie already laggard transition efforts. This demand a rethink of energy resilience & transition strategies - don’t delay, build power resilience now! ❄️ But will seas really rise so fast? Our concerns escalated following our participation in the gathering of international cryosphere scientists in Beijing this month. 🌊 Seas are rising so unimaginably fast that for the first time since the founding of CWR the urge to just give up is strong. CWR’s Tan shares 8 things she never imagined. Risks from our cryosphere will put at least 900 million people & trillions of dollars at risk - & Asia is especially vulnerable. Which IPCC scenario is Greenland ice sheet melt tracking? Has ocean heating reached a new paradigm? When will our ocean currents collapse? Find out now. But it's not all dark - Tan also shares 3 hopes to slow down fast rising seas – all related to China! 💲 Plus businesses disclosing climate transition plans also jumped by 44% last year, with 1 in 4 companies reporting to have one in place, based on CDP’s new report. Asian companies are also emerging as frontrunners. But big disparities exist in the plans’ ‘credibility’ & ambition - only 2% disclosed all 21 key indicators. Get more key findings, industry trends & what the road ahead looks like from CDP’s Dennis Wan, Head of Capital Markets APAC. 👉September Newsletter: https://lnkd.in/gJM3qSms 📬Sign up for next month: https://lnkd.in/gztKfebr #power #blackouts #sealevelrise #weather

Ever think about the hidden costs of blasting your AC? Turns out it's worse than just soaring energy bills. CWR's Sophie Kutsunai Lam unpacks why our cooling habits could be warming our planet faster https://lnkd.in/gbT9EKBj #emissions #airconcooling #globalwarming #renewables