Here we highlight the recent stories that GC Capital Ideas has presented on managing risks associated with climate change.
Catastrophe Bonds, Disaster Risk Insurance Facilities and Natural Disaster Funds – Protecting our Planet and the Public Purse: Guy Carpenter’s recently released report on the public sector response to climate change, Protecting our Planet and the Public Purse, looks beyond the United States’ approach to natural catastrophe risk mitigation and investigates the measures taken by countries in Latin America and Asia.
Planning for the Unexpected – COVID-19 is a Dry Run for Climate Catastrophes: Around the world, central banks are scrambling to tackle the economic and financial damage wrought by the coronavirus pandemic, announcing interest rate cuts and asset purchase programs to shore up economies and a range of regulatory and supervisory measures to maintain financial stability and ensure liquidity, according to Rob Bailey, Director of Climate Resilience at Marsh & McLennan Advantage Insights.
Global Risks Report 2020 – Climate Realities: According to the 2020 Global Risks Report, produced by the World Economic Forum in partnership with Marsh & McLennan and Zurich Insurance Group, the near-term consequences of climate change add up to a “planetary emergency”. Implications are catastrophic, wide-ranging and intersecting. Worse still, the complexity of the climate system means that some impacts are still unknown.