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.

Continue reading “Risky business: insuring against climate change”

Hansen in NZ: first reports

James Hansen’s tour of New Zealand is off to a flying start, with an appearance on TVNZ’s Close Up, coverage in the Herald (they got his age wrong) and an interview with the Dominion Post‘s Kiran Chug, followed by a business lunch (or a lunch with business) and an evening talk to a packed room at Auckland University. Jim Salinger reports:

Jim Hansen’s lecture last night was great. The lecture room held 250, and there were 350 stuffed in sitting on the floor and standing room only, with an overflow room full and buzzing.

The talk was recorded, luckily, and can be seen here. Blogger No Right Turn was at today’s Palmerston North session and tweeted: It was a good talk. The thrust: “think of the grandchildren”. No surprises there. Hansen will be interviewed on Kim Hill’s show on Radio NZ National on Saturday morning at 8-15am, and although my sources suggest Kim may want to push a sceptical line, it should be well worth a listen. For a little amusement, Facebook users might want to check out the tour Facebook page, where a couple of NZ’s more incorrigible denialists — Steve Wrathall and Andy Scrace — have taken it upon themselves to post stupid comments. No surprises there, either. Meanwhile, plans are afoot for GR and The Climate Show to interview Hansen next week in Christchurch. Watch (and indeed listen) to this space…

[Update 14/5: Full report on Palmerston North talk at No Right Turn here.]

Before and after science

“We accept the science,” says Climate Change Issues Minister Nick Smith in a Brian Fallow article in the NZ Herald. But what does it mean for a politician to accept the science? For Caroline Lucas (left), leader of the Green Party in the UK and the sole Green MP in the House of Commons, it means taking some lessons from the World War II era. She calls for this in an article in the Telegraph.

“Our health and security, our society and way of life, our natural environment, even our coastline, are all at risk from uncontrolled natural forces – disease, drought, flood and storm. In terms of the human and financial cost in the UK and internationally, the impact over the coming decades has been compared to the world wars of the twentieth century.

“Since the 1980s, successive governments and their expert advisers have accepted the seriousness of the threat, and have known what actions are needed to avert it as far as possible and to prepare for the consequences. But they have not acted either to prepare the UK or to build an international agreement on reduction. And with every passing year, the threat to our country becomes more severe.”

 

At this point she turns back to the 1930s when many politicians of all parties ignored the threat of war brewing in Europe and failed to take steps to deter aggression or prepare defence.

“At the time, the two main excuses put forward to justify inaction and appeasement were that there was not enough money to pay for proper defences, and that the British public would not support a government that took tough measures.”

Rather familiar sounding, those excuses. Lucas continues:

“Yet by the end of the 1930s, public opinion was far ahead of Chamberlain’s government in demanding tough measures, and the costs of the war itself ultimately far outweighed the costs of the measures that might have prevented it. And during the war itself, the British people were willing to make the sacrifices needed to deal with the horror of Nazism and to try and build a fairer society for the future.”

She points to some of the same patterns becoming apparent today in relation to climate change. Some members of the public, some enlightened local government bodies, some firms, and many institutions and campaigning groups are ready to urge action.

“One of the lessons of history is that putting off difficult issues has a habit of making them far more costly to deal with in the long run: climate change is certainly in that category. Our aim is to help forge the national consensus that will support this or future governments in sustained, radical action.”

Lucas is far from the first on the climate change issue to draw parallels between the challenges today and those of the 1930s, but she does so unhesitatingly because she accepts the science.

Meanwhile back in New Zealand two recent articles in the Herald provided rather disparate examples of what it might mean to our politicians to accept the science. One announced Len Brown’s plans to ‘green’ Auckland. They include a goal of cutting Auckland’s carbon emissions by 40 per cent by 2025. It’s aspiration at this point, but it’s way ahead of the government target of between 10 and 20 per cent by 2020, and it’s approaching the level that might put developed societies on track to achieve the much higher reductions that will be needed by 2050 if we are to stand any chance of avoiding dangerous warming. And it places Auckland among those enlightened local bodies which are pushing ahead of their central governments in various parts of the world.

It’s a rather different picture with Nick Smith, as portrayed in a Herald article by Brian Fallow writing about the key questions for the statutory review of the Emissions Trading Scheme (ETS) over the coming months. Yes, Smith affirms the government accepts the science. And let me acknowledge that that is a welcome affirmation.  Accepting the science is an advance on the vacillation which was apparent in the National party in opposition not so many years ago. It means we don’t have to traverse the dreary wastes of denial which still have to be faced in parts of the US legislature and are still basic to the NZ government’s coalition partner, the ACT party.

However, accepting the science doesn’t seem to carry with it the imperative of decisive action. Fallow’s article portrays the Minister as cautious. He says the government wants to reduce emissions (though gives no indication as to how much), that they want to do it efficiently and with fairness between different sectors of the economy, and that they have an overall objective of New Zealand doing its fair share on climate change. Arriving at a fair share? Well, Smith points out, we are the 11th highest per capita emitters globally, but on the other hand we’re in the bottom third of the OECD and we have an emissions profile that is unusual for a developed country in that nearly half of it arises from the bodily functions of livestock, while the electricity sector is predominantly renewable already. No prizes for guessing that our estimation of a fair share won’t be setting any international standards for aspiration.

Indeed Smith wants to continue to signal that a National-led Government “will not be including agriculture [in the ETS] unless there are practical technologies that farmers can employ to reduce their emissions and there has been significantly greater progress than we have seen to date by our key trading partners in pricing emissions”.

Smith allows himself some optimism when it comes to electricity generation and forestry. He points to a substantial increase in the level of renewables in energy built since the passing of the ETS and also to an increase in forestry, “one of the cheapest ways of meeting current and any future international obligations”. But there is no suggestion that the government is looking to any more than the 10 to 20 per cent target for reduction in emissions by 2020 and 50 per cent by 2050 that they have so far adopted. And even those targets have a provisional air to them. What we do will depend on what others do.

We accept the science, says Smith. The science says that if emissions are not drastically reduced in the course of the next few decades the world will consequently experience sea level rise to heights horrifying to even contemplate. Droughts and floods will afflict us ever more strongly. Food supplies will be drastically threatened. And much more. Admittedly New Zealand appears likely to be one of the least affected countries, but that will be small comfort in a world so upturned.

That’s the message the government should be giving the country, and accompanying it with measures commensurate with the threat. Along the way they might show some confidence in the capacity of New Zealanders to manage a successful green economy. Accepting the science doesn’t mean the destruction of the economy, just its reshaping.

[Eno]

de Freitas: politics cloud his understanding of climate science

The southern summer silly season is here, and newspapers are desperate for copy. That’s about the only good reason I can think of for the nation’s biggest-selling newspaper, Auckland’s NZ Herald, giving Chris “unreliable witnessde Freitas yet more space to re-run some tired old climate sceptic arguments under the headline Emotion clouding underlying science of global warming. Doubt is his product, and he tries very hard to sound reasonable as he spins his tale. It’s a pity then that the Auckland University associate professor not only misrepresents the evidence, but gets it so badly wrong that he’s an embarrassment to his department.

Continue reading “de Freitas: politics cloud his understanding of climate science”

The “inconsistencies” of Chris de Freitas

Auckland University associate professor Chris de Freitas (yes, that one) is a favourite of the NZ Herald opinion editor, regularly popping up in the paper to argue a sceptic line on climate change or, as has happened a couple of times recently, to talk about responses to earthquake disasters. Quite why the paper would go to CdF for the latter when there are many other better-qualified academics who could address the issue remains to be seen, but his article in response to the Canterbury quake in yesterday’s Herald was interesting. Compare and contrast CdF, 6/9/2010:

The focus on earthquake-disaster planning and crisis management is on risk reduction, readiness, response and recovery. In this context, government and local authorities have the responsibility to minimise social vulnerability and have a duty to promote community resilience through enlightened planning.

… with CdF, 1/5/09:

No one knows for sure what the future holds, but there are some good clues as to what’s going on. It hinges on growing evidence that natural influences on climate are in fact stronger than any man-made greenhouse effect. It may be premature to discard our anxiety over the threat of possible human-caused global warming, but this anxiety should not be based on ignorance of what science can tell us.

So for earthquake hazards, de Freitas is happy to argue for risk minimisation despite imperfect knowledge of the size of the risk (his piece looks into failed attempts to predict quakes), but when it comes to climate issues his argument is we shouldn’t do much because we don’t know enough!

Another example of the remarkable intellectual flexibility we have come to expect from the scientific advisor to NZ’s Climate “Science” Coalition. Or perhaps it’s simple hypocrisy. You decide…