Lisa Slotznick, chair, and Michelle Young, vice-chair, at the American Academy of Actuaries, have issued a public comment on the Department of the Treasury notice entitled "Federal Insurance Office Request for Information on the Insurance Sector and Climate-Related Financial Risks". The comment was written on Nov. 15, 2021, and posted on NOV. 16, 2021:.
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The Cost of Doing Nothing [Live Recording]
There s no meaningful alternative to a Green New Deal. Anything less primes the pump for an inevitable climate cataclysm.
IT COSTS TOO MUCH TO CHANGE
“While many people decry the cost of the Green New Deal or similar ambitious energy transition proposals, last week’s disaster (cold snap in Texas) makes clear that the status quo is not cheap. There are solutions to the problems that lie ahead, if Americans are willing to plan and invest in the nation’s future.”
The 10 Worst Climate Disasters in U.S. History
These are the costliest and most devastating natural disasters on record.
This story originally appeared on Porch.
One impact of climate change is that the number and severity of climate-related disasters is on the rise.
With the warming of the planet, several factors combine to make extreme weather more common.
Higher temperatures are more likely to produce heat waves and drought conditions, which increase the likelihood of wildfires. Warmer air can hold more water vapor, which leads to wetter storms, and with them, more flooding. Increased heat and evaporation have also combined to make tropical cyclones more common and more severe in recent years.
KEY CONCEPTS
The numbers are in and 2020 was the 5th hottest year on record for the United States. Looking at the top 10 hottest years on record in the U.S., 6 have occurred since the year 2000, with the top 5 years all occurring since 2012.
Despite reports of temporary dips in emissions early on in the pandemic, greenhouse gas concentrations in the atmosphere continued to rise as they have since the industrial revolution (due to the burning of fossil fuels), with CO2 concentrations reaching an all-time high of 417ppm in May.
The warming trend in U.S (and indeed global) temperatures doesn’t just mean the smashing of high temperature records and alteration of seasonal patterns, it triggers a host of other changes in our climate and often makes extreme weather events both more frequent and more intense.