The Corporate Farming Lobby who have as much power as the Real Estate Pimps over the new Government tell us to trust them on climate change, but this is the lobby who have lied and manipulated and cheated any attempts for quarter of a century now to stop any real change and as NZ faces a $26billion climate fine for failing to reach our Paris obligations, the Insurance industry eyes up the reality that Climate Change will cost us a Trillion each year…
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today launched a systemic risk scenario that models the global economic impact of extreme weather events leading to food and water shocks, estimating the loss to be $5trn over a five year period.
The scenario explores how a hypothetical but plausible increase in extreme weather events, linked to climate change, could lead to breadbasket crop* failures and significant global food and water shortages. As the event plays out, societies around the world could see widespread disruption, damage and economic loss, promoting major shifts in geopolitical alignments and consumer behaviours.
The first in a series of nine systemic risk scenarios, this research has been produced by Lloyd’s Futureset and in partnership with the Cambridge Centre for Risk Studies, to help risk owners better understand their exposure to critical threats such as extreme weather, and role of risk mitigation and insurance protection to build their resilience.
It is supported by a cutting-edge data tool that provides businesses, governments, and insurers with a data-driven, financial impact assessment of the most significant global threats facing society today consider the Gross Domestic Product (GDP) impact of extreme events across 107 countries and at three levels of severity (major, severe, and extreme).
In addition to the global scenario, the data tool includes regional analysis which illustrates the potential economic losses should events be focused on a particular region. The recovery time for individual countries or regions depends on the structure of their economy, exposure levels and resilience.
As an example, if an extreme event such as this was centred on Greater China, the area which would feel the largest financial impact, it could lead to economic losses of $4.6 trillion over five years. This is followed closely by Asia Pacific at $4.5 trillion. As a percentage share of GDP, the Caribbean would be impacted the most by an event focused on its shores, losing 19% of GDP across the five-year period.
…the Corporate Farmers and their political representatives keep lying to you about how extreme climate change is and the scale of damage it will wrought.
We are in denial about the changes that are coming.
We are in denial about the need to adapt.
We are in denial about the new realities.
Look at this heat map…
…We. Are. So. Fucked.
As Kiwis we are a very laid back culture and we are fastidious about ignoring things that might lead to conflict, until conflict is upon us and then we are unrelenting in fighting for a righteous egalitarianism.
I believe we are at a turning point on climate change and we need to start being honest that nothing we can do now will stop what is coming.
For many of us, climate change has been a theoretical argument about something that might happen in the distant future.
It is no longer that.
…the melt will happen regardless, no matter what we do now meaning we are fucked!
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