13 December 2017, World Weather Attribution, Climate Change Fingerprints Confirmed in Hurricane Harvey’s Record-Shattering Rainfall. Scientist with World Weather Attribution (WWA) find that human-caused climate change made the record rainfall that fell over Houston during Hurricane Harvey roughly three times more likely and 15 percent more intense. WWA is releasing the findings of its new analysis regarding the role of human-induced climate change on Hurricane Harvey’s devastating rains that is published in the peer-reviewed journal, Environmental Research Letters (ERL). The findings are being released jointly with the American Geophysical Union (AGU) in a joint press release and at a press conference on Wednesday, December 13 at 2:30 p.m. CT at the annual AGU Fall Meeting in New Orleans. The paper can be found on our website and in Environmental Research Letters.
Category Archives: Impacts Observed & Projected
13 December 2017, American Meteorological Society, Explaining Extreme Events from a Climate Perspective. This Bulletin of the American Meteorological Society (BAMS) special report presents assessments of how human-caused climate change may have affected the strength and likelihood of individual extreme events. This sixth edition of explaining extreme events of the previous year (2016) from a climate perspective is the first of these reports to find that some extreme events were not possible in a preindustrial climate. The events were the 2016 record global heat, the heat across Asia, as well as a marine heat wave off the coast of Alaska. While these results are novel, they were not unexpected. Climate attribution scientists have been predicting that eventually the influence of human-caused climate change would become sufficiently strong as to push events beyond the bounds of natural variability alone. It was also predicted that we would first observe this phenomenon for heat events where the climate change influence is most pronounced. Additional retrospective analysis will reveal if, in fact, these are the first events of their kind or were simply some of the first to be discovered. Read More here
Related links
- Scientists Can Now Blame Individual Natural Disasters on Climate Change
- State of the Climate in 216: Special Supplement to the Bulletin of the American Meteorological Society Vol. 98, No. 8, August 2017
- Pruitt’s Plan to Debate Climate Science Paused as Science Confirms Human Link to Extreme Weather
- Munich RE: Rapid attribution: Is climate change involved in an extreme weather event? and access full report – Natural catastrophes 2016 Analyses, assessments, positions 2017 issue – at bottom of page “Further Information”
- Three 2016 extremes ‘not … possible’ without human warming
- Global Warming Index update and A real-time Global Warming Index report and New index of warming due to human influence on climate released
28 November 2017, Moody’s Investor Service, The growing effects of climate change, including climbing global temperatures, and rising sea levels, are forecast to have an increasing economic impact on US state and local issuers. This will be a growing negative credit factor for issuers without sufficient adaptation and mitigation strategies, Moody’s Investors Service says in a new report. The report differentiates between climate trends, which are a longer-term shift in the climate over several decades, versus climate shock, defined as extreme weather events like natural disasters, floods, and droughts which are exacerbated by climate trends. Our credit analysis considers the effects of climate change when we believe a meaningful credit impact is highly likely to occur and not be mitigated by issuer actions, even if this is a number of years in the future. Climate shocks or extreme weather events have sharp, immediate and observable impacts on an issuer’s infrastructure, economy and revenue base, and environment. As such, we factor these impacts into our analysis of an issuer’s economy, fiscal position and capital infrastructure, as well as management’s ability to marshal resources and implement strategies to drive recovery. Extreme weather patterns exacerbated by changing climate trends include higher rates of coastal storm damage, more frequent droughts, and severe heat waves. These events can also cause economic challenges like smaller crop yields, infrastructure damage, higher energy demands, and escalated recovery costs. Read More here
13 November 2017. Bloomberg, Big Insurers Brace for Perilous Future as Climate Risks Escalate. After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get its act together if it wants to survive climate change. Insuring against weather natural disasters could reach unaffordable levels for households and companies, while the potential damage is so unpredictable it may be impossible to model — an unacceptable risk to insurers. “Sometime in the future there will be the situation where people cannot afford any longer to buy catastrophe insurance — this is what we want to avoid,” Ernst Rauch, the head of the Corporate Climate Centre at Munich Re. The world’s largest reinsurer suffered a 1.4 billion-euro ($1.63 billion) loss after hurricanes Harvey, Irma and Maria sent claims soaring. Contrary to Warren Buffett’s view that climate change will spur demand for coverage and boost profit at his insurance companies, the risk is the opposite unfolds as shifting weather patterns render disaster-prone areas uninsurable. Finding ways to prevent this is on the agenda of United Nations-backed climate talks in Bonn, Germany this week. The onus of bearing the expense of rebuilding after hurricanes, floods and earthquakes already falls disproportionately on governments. Insurers are on the hook for only about 10 percent of $75 billion of damage in Texas caused by flooding after Hurricane Harvey, according to AIR Worldwide. That’s because most standard U.S. home insurance policies don’t cover flooding. It’s a similar story in Fiji, hit last year by its worst cyclone ever, where less than one in ten people own insurance. “It’s a big concern of Swiss Re that there’s such a huge gap between the economic losses and what is insured,” said Peter Zimmerli, the head of atmospheric perils at Swiss Re, the second-biggest reinsurer. “Some of the signals of global warming are just there — they can’t be debated any more.” Read More here