Looking for leadership : Costs of climate inaction

Summary

In its Fifth Assessment Report, the Intergovernmental Panel on Climate Change (IPCC) concluded that there is an overwhelming scientific consensus that Earth's climate system is warming and that human activities are mainly responsible for the change. In recognition of this growing need for urgency, the development of climate change policy, both within Canada and around the world, continues to advance. However, the policy landscape remains fragmented. Within the financial community, new risk valuation frameworks are being assessed, which will have implications for companies and investors. The reality of climate change, and the associated extreme weather events it brings, is presenting a fundamental challenge to the insurance industry's underlying business model. Anticipating and responding to these developments is central to good climate change governance and leadership.

Tags

agriculture environment climate change air pollution stormwater management greenhouse gas water natural gas biomass soil natural resources carbon dioxide carbon sequestration chemicals environmental pollution greenhouse gas mitigation transport weather building insulation ghg emissions ghg carbon offset solar energy and resource artificial objects carbon neutrality gas-fired stormwater carbon dioxide mitigation biodegradable waste