Impax Funds (US)’s Post

☔Placing an economic risk on climate change: https://ow.ly/xHRR50STM9J As losses arising from natural catastrophes rise, reinsurers play an important role in underwriting the physical climate risks. If the industry prices these risks accurately, we believe it is well positioned to profitably contribute to the much-needed acceleration in climate adaptation and resilience over the decades ahead. Learn more >> https://ow.ly/xHRR50STM9J

Climate risk is not a matter of "if," but "when." Is your business prepared? Check out our video to discover how you can navigate climate risk and ensure a resilient future. http://spr.ly/6048jsj6Y

Climate Change & Your Next Home: Don't Be Caught Off Guard! Protect your future and your investment. Our guide reveals how climate risks can impact your dream home. Read now and make informed decisions! ☑️ https://lnkd.in/eTqBBu7c

Business and Climate Change will help you understand the science, economic impact, and policy implications of climate change. You’ll explore how companies in various industries adapt to and prepare for climate change and learn how to identify and communicate emerging opportunities and risks. Don't miss the deadline to apply to this online course: https://hbs.me/eujbjj2f #ClimateChange #PurposeDriven

Our speakers will be addressing the most impactful climate change risks that businesses are likely to encounter over the next 10 to 20 years, as well as how to best prepare for and mitigate climate change risks and potential opportunities. Register: https://ow.ly/8jmH30sGYUZ

Indonesia is highly vulnerable to climate change impacts, including extreme events such as floods and droughts, and long-term changes from sea level rise, shifts in rainfall patterns and increasing temperature. While rapid economic growth has led to a reduction in poverty in recent decades, with the poverty rate halving from 24% in 1999 to 9.78% in 2020, high population density in hazard prone areas, coupled with strong dependence on the country’s natural resource base, make Indonesia vulnerable to the projected climate variability and climate change. These impacts of climate change will be felt across multiple sectors and regions as the impacts of climate change could cost between 2.5–7% of the country’s GDP, with the poorest bearing the brunt of this burden. Indonesia is ranked in the top-third of countries in terms of climate risk, with high exposure to all types of flooding and extreme heat. As the climate changes, the intensity of these hazards is expected to grow. A continuous increase in air temperature will result in an increase in extreme weather events and periods of intense droughts, which will hamper the growth of important agricultural crops and cause health problems due to heat stress. Changes in rainfall will have a strong influence on the quality of human life, particularly in relation to the availability of water resources for consumption and agricultural needs. The change in rainfall patterns will also likely result in increased risk and magnitude of hydro-meteorological disasters. The lack of water due to the long drought there can be remedied by providing water assistance. High rainfall and temperatures also suddenly caused a drop in temperature in several other regions. A different solution needs to be done to anticipate the overflow of water that occurs in riverbank settlements. People must be aware of the dangers of throwing garbage in the river. Then, the government must also dig up the riverbed periodically, because garbage is not the only cause of river siltation.

When Prof Vinod Thomas and I discussed the unpacking of critical climate change action for his first "Risk and Resilience in the Era of Climate Change" book, this stuck in my mind: "But the reality is that what were once statistically improbable occurrences are now more common because of climate change. It is urgent that the old assumptions are discarded and Southeast Asia act on multiple fronts to avert worst-case scenarios." https://lnkd.in/grg_dV52 One year on with his second edition, we are experiencing the force of climate change daily. From unprecedented weather conditions to sinkhole phenomenon, from worsening crop yields to global food insecurity... there is also the "spillover" that Prof Thomas mentioned in his book that cannot be ignored. What will governments make of the disaster recovery consequences? Bold enough to turn the varying risks into long-term resilience? Start with this really important read now. 🙌

📣🌍Collective efforts to curb emissions and adapt to the impacts of climate change are not currently enough to tackle the speed and scale of climate impacts, meaning that some losses and damages from climate change are inevitable. How can this be addressed? Listen to what we learned from the @CGIAR Climate Webinar Series #2—Loss and Damage: Understanding its Past, Present, and Future. “Time has come to take convergent action [between approaches in the disaster risk reduction field and loss and damage negotiations)” watch the replay to listen to Dr Animesh Kumar ,Head of the UN Office for Disaster Risk Reduction, present diverse perspectives on loss and damage and analyze the many approaches taken to avert, minimize and address them. Including identifying the key challenges in closing the finance gap for addressing loss and damage and examine the emerging solutions. Watch the replay here : https://lnkd.in/gdrQeQzW #LossandDamage Aditi Mukherji

In some places, 50% less snow is falling than a century ago. A World Economic Forum report, Bold Measures to Close the Climate Action Gap: A Call for Systemic Change, outlines the necessity of drastic action from both governments and corporations to combat climate change effectively and deliver on commitments. Read it here: https://ow.ly/IyJg50Up8e5 Boston Consulting Group (BCG) #ClimateChange #Alps #Snowfall #GlobalWarming

The alarming rate of glacier melting and changing snowfall patterns worldwide, serves as a clear reminder for regions like Gilgit-Baltistan and Chitral, home to some of the largest glaciers outside the polar regions. These ice reserves provide vital resources, including fresh water, irrigation water, and water for nearly all commercial uses, supporting billions of people and their livelihoods. However, these glaciers are under serious threat from climate change, particularly global warming. The rapid melting of glaciers has increased the occurrence of flash floods and Glacial Lake Outburst Floods (GLOFs), causing severe impacts on communities, threatening livelihoods, and changing landscapes. World Economic Forum #climatechange #saveglaciers #reduceglobalwarming #climatedisaster