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Back to the real world.
Another report from the UN raising the issues of multiple tipping points that are threatening the worlds response to the climate crisis. All the issues are raised are life threatening. However I thought it apposite that they chose to highlight uninsurable housing as a major key issue.
The report examines six examples of risk tipping points, including the point when building insurance becomes unavailable or unaffordable. This leaves people without an economic safety net when disasters strike, compounding their difficulties, particularly for the poor and vulnerable.
The climate crisis is increasing the frequency and severity of extreme weather and, for example, a major insurer has already stopped insuring properties in California, due to “rapidly growing catastrophe exposure”, particularly wildfires. Insurance premiums have also soared in Florida, and six insurers in the state have gone bust due to climate-related floods and hurricanes. The report also said half a million Australian homes are estimated to be uninsurable by 2030, primarily due to increasing flood risk.
Another risk tipping point examined in the report is when groundwater aquifers are overexploited to the point that the wells run dry. Aquifers currently prevent half the losses to food production caused by droughts, which are expected to become more frequent due to global heating, the report said.
Perhaps we should tell them to have a chat with the Heartland Institute to get reassurance that none of this will ever happen and its all a beat up ?
Another report from the UN raising the issues of multiple tipping points that are threatening the worlds response to the climate crisis. All the issues are raised are life threatening. However I thought it apposite that they chose to highlight uninsurable housing as a major key issue.
The report examines six examples of risk tipping points, including the point when building insurance becomes unavailable or unaffordable. This leaves people without an economic safety net when disasters strike, compounding their difficulties, particularly for the poor and vulnerable.
The climate crisis is increasing the frequency and severity of extreme weather and, for example, a major insurer has already stopped insuring properties in California, due to “rapidly growing catastrophe exposure”, particularly wildfires. Insurance premiums have also soared in Florida, and six insurers in the state have gone bust due to climate-related floods and hurricanes. The report also said half a million Australian homes are estimated to be uninsurable by 2030, primarily due to increasing flood risk.
Another risk tipping point examined in the report is when groundwater aquifers are overexploited to the point that the wells run dry. Aquifers currently prevent half the losses to food production caused by droughts, which are expected to become more frequent due to global heating, the report said.
Earth close to ‘risk tipping points’ that will damage our ability to deal with climate crisis, warns UN
Analysis also warns of further tipping points on horizon such as drying up of groundwater vital for food supplies
www.theguardian.com
Home - Interconnected Disaster Risks
interconnectedrisks.org
Perhaps we should tell them to have a chat with the Heartland Institute to get reassurance that none of this will ever happen and its all a beat up ?