Parnassus Investments’ Post

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.

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

Climate change is redefining the landscape of the 21st century at every level of government and in every industry. Learn how Guidehouse can help organizations better understand and navigate the potential risks and impacts of climate-related risks. https://lnkd.in/eiaJdX9B

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Annabell Siem Mathiesen shares how the climate transition is changing the global economy, presenting new risks and opportunities for portfolios. We assess current progress on the climate transition from an investor perspective in our State of Transition paper: bit.ly/3QU9ltq #sustainability #climate #investing

Annabell Siem Mathiesen shares how the climate transition is changing the global economy, presenting new risks and opportunities for portfolios. We assess current progress on the climate transition from an investor perspective in our State of Transition paper: bit.ly/3QU9ltq #sustainability #climate #investing

Annabell Siem Mathiesen shares how the climate transition is changing the global economy, presenting new risks and opportunities for portfolios. We assess current progress on the climate transition from an investor perspective in our State of Transition paper: bit.ly/3QU9ltq #sustainability #climate #investing