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  • Ready for accellerating climate risk

    March 30, 2012
    by Alessandro Pasotti

    Climate change causes floods(Copyright newsecuritybeat.org)

    Governments and businesses must prepare for increasingly severe storms, droughts and other extreme weather events intensified by climate change, an international panel of scientists has said.

    No part of the world is free from risk, although poorer, densely populated regions are in the most danger, confirmed a new report by the International Panel on Climate Change (IPCC).

    IPCC Special Report reiterates many of the points first highlighted in a summary published in November.

    The report says countries need to better assess people and places vulnerable to climate disasters and recommends spreading the financial risk to help poorer countries cope. This could take the form of micro-insurance, catastrophe bonds, or national and regional risk pools to help finance rebuilding and recovery.

    However, Rajendra Pachauri, head of the UN panel, told reporters efforts to curb climate-warming emissions must be continued.

    Few countries appear to have adopted a comprehensive approach – for example, by addressing projected changes in exposure, vulnerability and extremes,” the report says.

    “Whatever we do, we have to adapt, of course,” he said at a briefing. “But also at a global level, we need to mitigate the emissions of greenhouse gases so that we ensure that these thresholds or tipping points are not exceeded.”

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