Risky business: insuring against climate change

Thumbing idly through last Friday’s Business Herald lift-out, I clicked to attention at a double page spread headed Climate of Fear reporting on how seriously the insurance industry is taking climate change. Peter Huck’s article didn’t appear on the Herald website for a few days, but it’s there now, I’m glad to report.  It’s a thorough and scientifically aware piece of journalism which it was pleasing to see given prominence in the paper. And no, he didn’t go looking for any obliging deniers to balance the concern of the insurance industry.

How do insurers calculate their exposure, as “hundred year” weather disasters become ever more common in the “new normal”?  Getting a handle on it means taking climate science very seriously. And the news on the science front is not good, as he briefly recounts.

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Rebuilding on a rising tide

It’s been a shaky week in Christchurch and Canterbury. Another M6.3 shock hit the city on Monday afternoon — renewing the misery for many in the city’s eastern and seaside suburbs, but thankfully not adding to the death toll. Attention has now turned — with some force — to the question of which suburbs should be rebuilt, and an excellent feature by David Williams in last Saturday’s Press on sea level rise and its implications for the rebuilding of Christchurch should cause some pause for thought. Williams interviewed James Hansen during his visit to the city last month (shortly before I did, in fact), and uses Hansen’s views on sea level rise to kick off his discussion:

Hansen says a multi-metre sea level rise is possible this century if greenhouse gas emissions, caused by things such as coal-fired power plants, vehicle engines and agriculture, are not reduced.

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The Climate Show #8: Kevin Trenberth and our shaky future

The Climate Show returns with a packed show, featuring one of the world’s best known climate scientists, NZ-born, Colorado-based Dr Kevin Trenberth — star of the Climategate “where’s the missing heat” emails. He’s been in New Zealand to visit family (experiencing the Christchurch quake in the process) and to attend a conference, and his comments on the state of our understanding of climate change should not be missed. John Cook of Skeptical Science returns with his new short urls and an explanation of why declines have never been hidden, and Gareth and Glenn muse on Arnie “Governator” Schwarzenegger riding to the rescue of climate science, cryospheric forcing and carbon cycle feedbacks from melting permafrost, and a new paper that suggests that current policies are pointing us towards extremely dangerous climate change. All that and hyperbranched aminosilica too…

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Show notes below the fold.

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Shaken and stirred: Christchurch earthquake Feb 2011

Cathedral

It’s a grim day in Canterbury. 75 people are confirmed dead and 300 are missing following the magnitude 6.3 earthquake which struck at 12-51pm yesterday. As I write, teams of urban search and rescue specialists from NZ and Australia (soon to be joined by teams from all over the world) are crawling over collapsed buildings throughout the central city. The cathedral (above) has lost its spire, and there are bodies in the rubble around it. I am glad to report that my family and friends, and that of Climate Show co-host Glenn Williams are well, but no-one is untouched by this terrible disaster. Up here in Waipara the initial shaking was bad enough to make us run outdoors, but our relief at escaping damage was immediately tempered by the realisation that someone had just taken a hammering…

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