The richest one percent of the world’s population are responsible for more than twice as much carbon pollution as the 3.1 billion people who made up the poorest half of humanity during a critical 25-year period of unprecedented emissions growth.
A report commissioned by federal regulators overseeing the nation’s commodities markets has concluded that climate change threatens U.S. financial markets, as the costs of wildfires, storms, droughts and floods spread through insurance and mortgage markets, pension funds and other financial institutions. Riskthinking helps decision-makers better understand the climate-related financial risks they face and respond accordingly.
The brutal effects of climate change, such as Cyclone Amphan that devastated southwest Bangladesh this past May, are hitting already vulnerable communities the hardest, underscoring the importance of applying an equity lens to climate action.
India is particularly vulnerable to the effects of climate change. The hotter temperatures projected here will have a devastating impact on human health and wellbeing, as well as food security, and worker productivity.
Devastating tropical storms – like Cyclone Amphan- are increasing in both frequency and intensity due to climate change. Planning for extreme weather and other climate risk factors, and taking appropriate action, are needed to avoid a future tragedy like the one unfolding in Sundarban.