Physical climate risks are becoming increasingly systemic and severe, which means high yield issuers need to be prepared to weather the storm 🌪 Recent events highlight the immediate impact of extreme weather on HY firms: 👉 Novelis halted production due to Swiss floods, affecting JLR 👉 Constellium faced €135m in flood damages 👉 The Chemours Company paused production in Mexico due to drought regulations Such instances may go unnoticed as a material risk due to the perception that climate change and its impacts are a medium to long term risk. But in this feature, 9fin assesses several HY issuers’ vulnerability to these risks, attitude shifts and regulation Read the analysis: https://hubs.li/Q02M_wSj0
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Water is vital for us. Yet, two billion people lack access to clean water currently. By 2050, this number will increase to about five billion according to predictions. The consequences of climate change and severe weather events threaten to escalate this crisis even further. What can we do? Smart Water Magazine 💧conducted a comprehensive interview with researchers from the University of Southern California and a representative from the Waterkeeper Alliance. The interview takes a deep dive into the challenges, connections, and potential solutions at the nexus of climate change, water safety, and severe weather. Read the full interview for a nuanced understanding of the critical issues surrounding the topic of water safety and paths toward a sustainable future.
"We must confront the existential crisis of climate change by recognizing it as a water crisis"
smartwatermagazine.com
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The #CompaniesAct should be urgently amended to mandate - 1. Appointment of Climate Adaptation Officers in each #company above a minimum turnover, so that at least their employees and communities adapt to the increased heat and unpredictable weather events 2. All #coresector companies or fossil-fuel consumers and producers set aside a certain % of their turnover for Carbon Capture & Utilization (#CCU) research in notified agencies or invest an equivalent amount in their in-house CCU research. The Government should also set up a National #Risk Management Office (this is a request I made in another post a few years ago) with wide-ranging scope (including coverage of Natural Disaster Prediction and Mitigation Missions - like for GLOF Events).
Climate change impact: Venezuela becomes the first nation to lose all of its glaciers
timesofindia.indiatimes.com
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A piece from The Economist asking - when the impacts of climate change are accumulating, why are European voters increasingly turning against the policies needed to safeguard their futures? ‘To some extent the problem is that partisanship outweighs evidence’, while others feel that given the scale of the challenge, they’re not willing to make personal sacrifices when everyone must play a part. Similar themes are currently playing out in agriculture, despite many ‘net zero’ policies having demonstrable benefits for farm finances (such as reducing feed waste or increasing NUE) and farms being on the front line of climate change. Agriculture is uniquely placed to deliver many of the evolving requirements society has around the environment & climate; with appropriate support (and a change in societal mindset over the value of sustainable food) farmers should embrace the opportunity to be key players in the ‘green transition’. Europe’s new-look winter: floods, high sea levels and melting glaciers https://lnkd.in/eandApug from The Economist
Europe’s new-look winter: floods, high sea levels and melting glaciers
economist.com
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On this year’s World Environment Day, we are called to consider three causes: land restoration, stopping desertification and building drought resilience. Individually, any of these goals is intimidating. Together, they are a reminder of the complexity and depth of the challenges we face, linked to one another by the groups they affect, the stakes of failure, and climate change. At Green Giraffe Group, we are generally focused on the work of the energy transition, a critical element of climate change prevention. We take today as an opportunity to reflect on the damage to our environment that climate change is already causing. Notably, extreme weather that causes heat waves, wildfires, droughts, and other natural and social threats. The work of climate change prevention is urgent to stop these effects from intensifying and to protect people in harm’s way. In that context, we do our best to honour our commitment to accelerating a just energy transition every day by supporting our clients in delivering clean energy solutions. Globally, we are working alongside industry leaders to solve challenges in the energy transition, including supply chain threats, securing funding in a challenging macro environment and ushering in the development of new clean technologies and business models focused on decarbonisation. We conduct this work with the hope that if we all contribute in some way, we will have helped to leave a better environment for us and for future generations. #WorldEnvironmentDay #EnergyTransition
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The Fifth National Climate Assessment Actions include: Implementing nature-based solutions—such as restoring coastal wetlands or oyster reefs—to reduce shoreline erosion {8.3, 9.3, 21.2, 23.5} Upgrading stormwater infrastructure to account for heavier rainfall {4.2} Applying innovative agricultural practices to manage increasing drought risk {11.1, 22.4, 25.5} Assessing climate risks to roads and public transit {13.1} Managing vegetation to reduce wildfire risk {5.3} Developing urban heat plans to reduce health risks from extreme heat {12.3, 21.1, 28.4} Planning relocation from high-risk coastal areas {9.3} Despite an increase in adaptation actions across the country, current adaptation efforts and investments are insufficient to reduce today’s climate-related risks and keep pace with future changes in the climate. https://lnkd.in/dS_jguMG
Fifth National Climate Assessment
nca2023.globalchange.gov
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It's so disheartening to keep reading about the effects of the climate crisis, the solutions that we have to counteract it and the lack of actual impetus for change to start happening. What more will it take for those responsible (big corporates and Governments) to stop talking about it and start doing?!
Chair of Ahead Partnership and ESG consultant. Fellow of the ICRS. Student, Postgraduate Certificate in Sustainable Business, University of Cambridge Institute of Sustainability Leadership
I don’t know anyone who enjoyed the very wet winter we have just had (and it’s pouring again today), but this is what we are going to have to get used to unless something changes quickly. This quote at the end of the article neatly sums it up: Dr Friederike Otto, a climate scientist at Imperial College London and co-founder of WWA, said: “To put it bluntly, climate change is already making life shittier. Wetter winters are flooding farms, cancelling football matches, overflowing sewage systems and [making] groceries more expensive. “Thankfully, we know the solutions. Replace oil, gas and coal with cleaner, cheaper renewable sources of energy; insulate homes, and restore nature. All this will make life cheaper and better for all, not more expensive.”
‘Never-ending’ UK rain made 10 times more likely by climate crisis, study says
theguardian.com
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A study from University of Oxford, covered by TradeWinds, reveals that rising sea levels and extreme weather could double the cost of port damage by 2050. Ports worldwide, especially those vulnerable to tropical cyclones and storm surges, face mounting challenges in mitigating these risks. As Amy Buhl from Weathernews Inc. notes, “Our ability to forecast extreme weather events is critical in this changing climate. With more frequent and severe tropical cyclones, leveraging ensemble forecasting allows us to better understand risks and prepare business operations accordingly.” Given the escalating risks highlighted, our expertise in climate impact and financial risk analysis is tailored to support businesses in adapting to and mitigating climate change. Reach out to see how we can enhance your climate resilience and operational efficiency: https://lnkd.in/eXjSh2Pn #climateresilience #climatechange #climateimpact #weatherintelligence #weatherforecasting #ensembleforecasting #maritimeindustry
Rising sea levels and tropical cyclones: How climate change is set to double port damage costs
tradewindsnews.com
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Resource Alert! The EPA #ClimateChange Indicators #report (5th Ed.) is out.👇#Interactivemaps, cross-cutting themes, and plenty of data remind us, as MLK did, that “the time is always right to do what is right.” Amongst the grave news, we see #examples that inspire #hope and show how people and communities are taking #actionnow to address the #climatecrisis. US Environmental Protection Agency (EPA) FEMA NASEM NASEM Gulf Research Program United Nations Office for Disaster Risk Reduction (UNDRR) UNDRR ARISE UN Climate Change Climate School Climate Program Office National Disaster Preparedness Training Center (NDPTC) Hawaii Green Growth UN Local2030 Hub Cities Climate Finance Leadership Alliance (CCFLA) C40 Cities National League of Cities World Cities Summit National Association of Counties Florida Association of Counties
Climate Change Indicators in the United States: Fifth Edition | US EPA
epa.gov
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We've all heard about climate change but how could it effect your land? Sea Level Rise coupled with subsiding land is having a dramatic impact on coastal areas, resulting in an increasing need for Coastal Hazard Assessments. Our experts stay current with the latest tools and guidance to provide up-to-date advice to clients. Using cutting-edge tools to predict Sea Level Rise (SLR) and Vertical Land Movement (VLM), we consider the potential impacts on coastal land with a focus on a 100-year horizon. We understand the importance of staying informed and regularly updating our data and methodologies to ensure accurate assessments. By following the latest data and guidance, we provide effective and reliable advice for clients facing coastal hazards and erosion issues.
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What is an example of how climate change affects water supply or quality? Michalak: In the U.S., concentrations of microcystin, a toxin that attacks the liver and is produced by cyanobacteria or blue green algae in lakes, are highest when water temperatures are in the 70s Fahrenheit. We are seeing the band of lakes where the risks of high concentrations are highest move North as climate warms. The high-risk regions will increasingly overlap with the Midwest agricultural corn belt where high nutrient concentrations from fertilizers will get into water and supercharge the effect. Some of our recent work has shown that increases in nutrient pollution in rivers across the U.S. over the past three decades are more closely tied to climatic changes, specifically the amount and intensity of rainfall, rather than changes in land use and land management.
Understanding and preventing conflict over water
woods.stanford.edu
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