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Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

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Sunday, April 8, 2018

Floods and heavy rains up 50%

Berlin Flood (Source:  The Local.De)


From The Guardian:

Global floods and extreme rainfall events have surged by more than 50% this decade, and are now occurring at a rate four times higher than in 1980, according to a new report.

Other extreme climatological events such as storms, droughts and heatwaves have increased by more than a third this decade and are being recorded twice as frequently as in 1980, the paper by the European Academies’ Science Advisory Council (Easac) says.

The paper, based partly on figures compiled by the German insurance company Munich Re, also shows that climate-related loss and damage events have risen by 92% since 2010.

Prof Michael Norton, Easac’s environmental programme director, said that greenhouse gas emissions were “fundamentally responsible for driving these changes”.

“Trends towards extremes are continuing,” he said. “People have experienced extreme weather already - big switches [between] warm and cold winters - but the frequency of these shifts may be changing.”

“Some of the underlying drivers of extreme weather which were speculative four years ago are now looking less speculative and [more like] credible hypotheses. That is the weakening of the Gulf Stream and the meandering behaviour of the jet stream.”


[Read more here]

We should be moving as fast as possible to shut down all CO2 emissions.  We don't have until the 2050s, because the effects of climate change are happening right now. 

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