Much of the global economy depends on natural capital—the world’s stock of natural assets. Acting as the planet’s balance sheet, natural capital provides critical services and resilience. It supports water cycles and soil formation while protecting our communities from major storms, floods, fires, and desertification. By absorbing CO2, it limits the pace of climate change. Biodiversity, a core component of natural capital, supports activities as wide-ranging as pharmaceutical innovation, ecotourism, and crop pollination. These are just a few of the numerous “co-benefits” that make nature so valuable. Yet the complexity of natural capital makes its benefits hard to quantify, leading many to overlook nature as an investment opportunity. In this report, we describe and apply a methodology that can help quantify some of the costs and benefits of conserving natural capital.
Mass loss from 2007 to 2017 due to melt-water and crumbling ice aligned almost perfectly with the Intergovernmental Panel for Climate Change’s (IPCC) most extreme forecasts, which see the two ice sheets adding up to 40 centimetres (nearly 16 inches) to global oceans by 2100, they reported in Nature Climate Change. Such an increase would have a devastating impact worldwide, increasing the destructive power of storm surges and exposing coastal regions home to hundreds of millions of people to repeated and severe flooding.
California is burning, a Category 4 hurricane with winds of 150 mph just blasted into the Louisiana coast, and nearly 180,000 are reported dead from a viral outbreak that is just a harbinger of what one scientist calls “a new pandemic era” driven in part by our changing climate and wanton destruction of ecosystems. While there are positive indicators that people are waking up to the growing threat of climate change, a much greater pace and scale of climate action is needed to stave off its worst effects. Riskthinking.ai provides clients with forward-looking scenarios tools that render a deeper understanding of the true cost of climate risk, in order to drive timely decision-making.
Firefighters battled nearly two dozen wildfires in California yesterday after a week of raging blazes blackened more than 1 million acres across the state. The rapidly spreading fire, which has killed five people, destroyed more than 1,000 structures and forced thousands to flee, is the result of hotter temperatures, less dependable precipitation and snowpack that melts sooner leading to drier soil and parched vegetation, shows how climate change is affecting the nation’s most populous state.
As wildfires around the world burn hotter, longer, and more frequently as a result of climate change, the damage to the microbial communities in soil is only just coming to light. Desertification will have serious ecological and economic consequences and is one of the many climate change risk factors that Riskthinking.ai prices to induce better mitigation and adaptation responses.
The Anthropocene is nothing if not disorienting. Things that once seemed immutable—polar ice caps, songbird migration routes, even the onset of spring—are now on the move. So how do we think about our place in a geographically altered future? A map is a good place to start. We’re accustomed to looking at maps that depict the world as it is, but cartographers of the Anthropocene are beginning to illustrate what may be—in the near and distant future. As climate change scrambles geographies, they are asking: Which parts of the world will humans find habitable in 50 years? How will species’ ranges shift? How might we think about urbanization and globalization? With maps in hand, we boldly go.
Siberian heatwave of 2020 almost impossible without climate change
Andrew Ciavarella, Daniel Cotterill, Peter Stott, Sarah Kew, Sjoukje Philip, Geert Jan van Oldenborgh, Amalie Skålevåg, Philip Lorenz, Yoann Robin, Friederike Otto, Mathias Hauser, Sonia I. Seneviratne, Flavio Lehner, Olga Zolina
Unprecedented Drought Challenges for Texas Water Resources in a Changing Climate: What Do Researchers and Stakeholders Need to Know?
John W. Nielsen‐Gammon, Jay L. Banner, Benjamin I. Cook, Darrel M. Tremaine, Corinne I. Wong, Robert E. Mace, Huilin Gao, Zong‐Liang Yang, Marisa Flores Gonzalez, Richard Hoffpauir, Tom Gooch, Kevin Kloesel
We agree that long‐range water planning is complicated by factors that are rapidly changing in the 21st century, including climate, population, and water use. Riskthinking.ai’s forward-looking scenarios can enable projections and decisions that best serve water stakeholder needs.