Banks start asking for climate risk exposure from clients
Big oil makes noises about getting out of investments – even invoking the GREEN word
When your stock broker starts sending news of 5 bad trends …with the above graph
The top four were all demographic – aging world, US move to multi-generational households, urban growth leading to mega cities. Median pop of the 100 largest cities in 2000 was 8 million, this will increase to 12 million by 2035. A rising middle class and growing wealth inequality. [Note: the source of the graph was not cited.]
Number 5 was Environmental ‘pressures’, summarized as:
“So far, we’ve touched on four demographic shifts that are transforming society as we know it. But these changes in our global population size, wealth, and consumption habits have had far-reaching consequences. This last trend touches on one of those consequences—increased environmental pressure.
Since the year 1850, the global average temperature of land areas has risen twice as fast as the global average.
Various factors have contributed to increasing temperatures, but one major source stems from human-produced greenhouse gas emissions.
What human activities contribute to global emissions the most? The biggest culprit is industrial activity—32% of total emissions, while energy use in buildings comes in second at 17%.
Our Warmer World
Why is this significant? Rising temperatures pose a risk to our ecosystems and livelihood by changing weather patterns and putting the global food supply at risk.
The past half-decade is likely to become the warmest five-year stretch in recorded history, underscoring the rapid pace of climate change. On a global scale, even a small increase in temperature can have a big impact on climate and our ecosystems.
For example, air can hold approximately 7% more moisture for every 1ºC increase, leading to an uptick in extreme rainfall events. These events can trigger landslides, increase the rate of soil erosion, and damage crops – just one example of how climate change can cause a chain reaction.
For the billions of people who live in “drylands”, climate change is serving up a completely different scenario of increased intensity and duration of drought. This is particularly worrisome as 90% of people in these arid or semiarid regions live in developing economies that are still very reliant on agriculture.
As a society, we will need to take a hard look at the way we consume in order to begin mitigating these risks. Will we rise to the challenge?