Some impacts of the climate crisis on specific industry sectors
By Paul Mahony / terrastendo.net

My recent presentation “Risk Management, Insurance and the Climate Crisis” focussed on the increase in likelihood and consequences of extreme weather events resulting from climate change. Here’s a sample of points from that presentation and elsewhere, including points relevant to specific industry sectors (with some irony existing in respect of certain high-emissions sectors).

General:

Inundation by sea:

  • Projections of sea level rise by the IPCC (Intergovernmental Panel on Climate Change) do not take into account critical factors such as ice sheet dynamics on Greenland and Antarctica or the melting of permafrost in Siberia, Canada and elsewhere (releasing massive amounts of methane and carbon dioxide). Taking those and other relevant factors into account, the former long-term head of NASA’s Goddard Institute for Space Studies, Dr James Hansen, says that sea level rise of several metres is feasible by 2100 if we continue with “business as usual”, subject to the impact of certain negative feedback mechanisms.
  • A 50 centimetre (18 inch) rise in sea level increases the likelihood of a major inundation event by between several hundred and 1,000 times. That means that what was a 1-in-100 year event could occur nearly monthly.

Storm intensity:

  • A warming climate results in more water vapour in the atmosphere. Water vapour is a key greenhouse gas in its own right, and also causes more energy in the form of latent heat to be present in the atmosphere to fuel storms.
  • The likelihood of a hurricane with the strength of Hurricane Katrina or greater increases 2 – 7 times for every 1 degree celsius increase in global temperature.
  • The extent of building damage increases by around 650 percent from just a 25 percent increase in wind speed from 40 – 50 kmh to 50 – 60 kmh. (10 kmh = 6 mph.)

Bushfire (wildfire):

  • Climate change can affect bushfire (wildfire) conditions by increasing the probability of extreme fire weather days. As an example, many parts of Australia have seen an increase in extreme fire weather over the last 30 years. The projections for the future indicate a significant increase in dangerous fire weather for southeast Australia.

Non-linear trends:

  • Many of the trends in the frequency and intensity of extreme events and in the destructive capacity of those events resulting from climate change are non-linear, meaning that the past history of events is not necessarily a reliable guide to current and future impacts.
  • Given the conservative nature of many of the IPCC’s projections (refer above), other credible sources should also be considered. Australia’s former Chief Climate Commissioner, Professor Tim Flannery, has described the IPCC as “painfully conservative” because of the parties involved and the desire to achieve consensus.

Property and Construction:

  • In Australia, $159 billion worth of buildings are vulnerable to sea level rise, including 8,000 commercial, 6,000 industrial and 274,000 residential properties. Similar problems exist elsewhere.
  • The frequency of hail storms in Sydney, Australia, is predicted to increase by 20 percent by 2050. Australia’s costliest insurance claim arose from a one-hour hail storm in that city in 1999, which caused damage of A$4.3 billion (2011 dollars).

Mining:

  • Cyclone Yasi and flooding in 2011 shut down 85 percent of coal mines in the state of Queensland, Australia, costing $2.5 billion. (Australia is the world’s second largest coal exporter, and Queensland is a major source.)

Utilities:

  • The US Department of Energy has said that climate change has created an increased risk of shutdowns at coal, natural gas and nuclear power plants due to decreased water availability affecting cooling at thermoelectric power plants.
  • They also say there are higher risks to energy infrastructure located along the coasts due to sea level rise, the increasing intensity of storms, higher storm surge and flooding and that power lines, transformers and electricity distribution systems face increasing risks of physical damage from hurricanes, storms and wildfires.
  • At the Hazelwood power station in Australia, an open coal mine fire started from bushfire in 2006. The coal fire was 2 kilometres (1.25 miles) long and took weeks to control.

Energy:

  • The storm surge from Hurricane Katrina in 2005 caused the closure of nine refineries, resulting in the total shutdown of oil production in the Gulf of Mexico for six months and reducing annual US oil production by more than 20 percent.
  • The Gorgon LNG project off Western Australia experienced construction cost blow outs of US$15 billion, partially due to cyclones and other extreme weather events.
  • Up to 50 percent of Australia’s oil refineries are on the coast not far above sea level.

Employer Groups and Unions:

  • The 2003 European heatwave that was responsible for more than 35,000 deaths was 6 times more likely due to climate change.
  • An Australian heatwave in early 2009 resulted in 62 percent more heat-related deaths than normal in the city of Melbourne.
  • There is an 80 percent probability that the 2010 Moscow heat wave, responsible for 11,000 deaths, was caused by climate change.
  • According to Dr. Liz Hanna of Australian National University’s National Centre for Epidemiology and Population Health, part of Australia are reaching the threshold where it was impossible for normal life to continue because of the heat. She said, “If employers ask people to continue to work in temperatures above 37°C, they will be killing them in increasing numbers”.

Federal, State and Local Planning Regulators:

  • Possibly inadequate planning controls in relation to flooding, bushfire and other hazards may expose regulators such as local councils and state and federal governments to risk of legal action.
  • A report from Australian National University and the Investor Group on Climate Change stated: “There is a growing recognition of how inadequate current regulatory frameworks are to protect company assets and operations from more intense extreme weather events.”
  • Barbara Norman of the University of Canberra has stated: “As the science on the coastal impacts of climate change gets stronger, the protections for Australia’s coastal communities are getting weaker. If that continues, everyone will pay. Along the eastern seaboard of Australia, where most of us live, state governments are relaxing their policies and largely leaving it to local councils to decide if homes can be built in low-lying areas.”

Other Issues:

  • Various cities are considered to be at extreme risk from climate change, including:
    - Dhaka, Bangladesh;
    - Manila, Philippines;
    - Bangkok, Thailand;
    - Yangon, Myanmar;
    - Jakarta, Indonesia;
    - Ho Chi Minh City, Vietnam; and
    - Kolkata (Calcutta), India.
  • 31 percent of global economic output will be based in countries facing ‘high’ or ‘extreme’ risks from the impacts of climate change by 2025.
  • An advisor to a state government in Australia prepared a comprehensive report for the state’s captive insurer in 2010 (updated in 2011) on impacts of climate change on the insurer’s portfolio, reflecting significant impacts.
  • Researchers from Cornell and Rutgers Universities have suggested that the severe loss of Arctic summer sea ice appears to have intensified Arctic air mass invasions to toward middle latitudes.
  • Records between 2003 and 2008 reflected a 10-fold increase in extreme summer temperatures (hot and cold) relative to the base period of 1951-1980. Extreme temperatures are considered to be more than three standard deviations from the historical mean temperature.

In relation to the final point, the following chart from NASA’s Goddard Institute for Space Studies demonstrates the changing patterns for the period 2000-2010:

Sandy-2-Temp-anomaly-standard-deviation-resized

Conclusion:
I have no doubt that the massive impacts of climate change are being recklessly ignored by key decision makers. Do you concur? I’d welcome your feedback in the comments section below.

Blog Author: Paul Mahony (also on on Twitter, Slideshare and Sribd)

Sources:
April Saylor, US Dept of Energy, “Climate Change: Effects on Our Energy”, 11 July 2013, http://energy.gov/articles/climate-change-effects-our-energy#all

Dr Michael H. Smith, Australian National University/Investor Group on Climate Change: “Assessing Climate Change Risks and Opportunities for Investors: Property and Construction”; “Assessing Climate Change Risks and Opportunities for Investors: Property and Construction”; “Assessing Climate Change Risks and Opportunities for Investors: Oil and Gas”, http://www.igcc.org.au/assessing_risks

James Hansen and Makiko Sato, “Update of Greenland Ice Sheet Mass Loss: Exponential?”, 26 December 2012, http://www.columbia.edu/~jeh1/mailings/2012/20121226_GreenlandIceSheetUpdate.pdf

Dr Myles Allen and colleagues, Oxford University, cited in “Cuts in emissions are at a premium” by Liam Phelan, Sydney Morning Herald, 25 January, 2011, http://www.smh.com.au/opinion/society-and-culture/cuts-in-emissions-are-at-a-premium-20110124-1a2ul.html

David Spratt, “Parts of Australia reaching threshold where it is impossible for normal life to continue because of the heat, says climate impacts researcher”, Climate Code Red, 17 Nov 2013, http://www.climatecodered.org/2013/11/parts-of-australia-reaching-threshold.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ClimateCodeRed+%28climate+code+red%29

World Coal Association, Coal Statistics (2012), http://www.worldcoal.org/resources/coal-statistics/

Maplecroft Climate change and environmental risk atlas: http://maplecroft.com/about/news/ccvi_2013.html; http://maplecroft.com/portfolio/new-analysis/2013/10/30/31-global-economic-output-forecast-face-high-or-extreme-climate-change-risks-2025-maplecroft-risk-atlas/

Environment Victoria, “Victorian government insurance premiums to soar due to climate change”, 7 Jan 2013, http://environmentvictoria.org.au/media/victorian-government-insurance-premiums-soar-due-climate-change

Tom Arup, The Age, “Climate threat to state assets”, 7 Jan 2013, http://www.theage.com.au/environment/climate-change/climate-threat-to-state-assets-20130106-2cbfm.html

Jennifer A. Francis, Stephen J. Vavrus,Evidence linking Arctic amplification to extreme weather in mid-latitudes”, Geophysical Research Letters Volume 39, Issue 6, March 2012, http://onlinelibrary.wiley.com/doi/10.1029/2012GL051000/abstract cited in Freedman, A., “Arctic Warming is Altering Weather Patterns, Study Shows”, 30 Sep, 2012, http://www.climatecentral.org/news/arctic-warming-is-altering-weather-patterns-study-shows/

Hansen, J., Sato, M. & Ruedy, R. “Climate Variability and Climate Change: The New Climate Dice” (Preliminary Draft), 10 Nov 2011, http://www.columbia.edu/~jeh1/mailings/2011/20111110_NewClimateDice.pdf

Tullis, P. “Global Warming: An Exclusive Look at James Hansen’s Scary New Math”, Time Science & Space, 10 May, 2012, http://science.time.com/2012/05/10/global-warming-an-exclusive-look-at-james-hansens-scary-new-math/

Goddard Space Flight Center Scientific Visualization Studio, 2 Aug 2012 “Shifting Distribution of Northern Hemisphere Summer Temperature Anomalies, 1951-2011”, Animation No. 3975, http://svs.gsfc.nasa.gov/goto?3975 Australian Climate Commission, Apr 2013, “The Critical Decade: Extreme Weather”, http://pandora.nla.gov.au/pan/136923/20130919-1415/climatecommission.gov.au/wp-content/uploads/ExtremeWeatherReport_web.pdf

David Spratt,“Global Warming – No more business as usual: This is an emergency!”, Environmental Activists’ Conference 2008: Climate Emergency – No More Business as Usual, 10 October, 2008, reproduced in Links International Journal of Socialist Renewal, http://links.org.au/node/683

Barbara Norman, “Scrapping sea level protection puts Australian homes at risk”, The Conversation, 11 December, 2013, http://theconversation.com/scrapping-sea-level-protection-puts-australian-homes-at-risk-21271

Image: Car hit by Hail © Robert Ruggiero | Dreamstime.com

0.0 ·
0
What's Next
Trending Today
Ten Ways We Misunderstand Children
Jan Hunt · 21,521 views today · 1. We expect children to be able to do things before they are ready. We ask an infant to keep quiet. We ask a 2-year-old to sit still. We ask a 3-year-old to clean his room...
18 Empowering Illustrations to Remind Everyone Who's Really in Charge of Women's Bodies
Julianne Ross · 6,494 views today · When Brazilian graphic designer Carol Rossetti began posting colorful illustrations of women and their stories to Facebook, she had no idea how popular they would...
Beyond Civilization: Humanity's Next Great Adventure
Daniel Quinn · 2,377 views today · PART ONE A fable to start with Once upon a time life evolved on a certain planet, bringing forth many different social organizations—packs, pods, flocks, troops, herds, and...
You Should Get Naked More Often. It's Good for You.
Joni Sweet · 1,063 views today · When Nelly encouraged overheated people worldwide to get naked in 2002, he was unknowingly advocating much more than just a sexy, sweaty dance party. Sunbathing, sleeping...
Lawns Are for Suckers. Plant a Garden - for the Climate!
Nathanael Johnson · 990 views today · Ripping out your lawn and planting kale and peppers won’t just lead to great stir-fry — a new study finds it could make major contributions to fighting climate change...
John Lennon's "Imagine," Made Into a Comic Strip
John Lennon. Art by Pablo Stanley · 984 views today · This is easily the best comic strip ever made.  Pabl
The White Man in That Photo
Riccardo Gazzaniga · 747 views today · Sometimes photographs deceive. Take this one, for example. It represents John Carlos and Tommie Smith’s rebellious gesture the day they won medals for the 200 meters at the...
When You Kill Ten Million Africans You Aren't Called 'Hitler'
Liam O'Ceallaigh · 686 views today · Take a look at this picture. Do you know who it is? Most people haven’t heard of him. But you should have. When you see his face or hear his name you should get as sick in...
Gabor Maté: Why Our Culture Makes So Many Of Us Unhappy
3 min · 686 views today · Dr. Gabor Maté explains why it is that our culture makes so many of us unhappy, unkind to one another, miserable, alienated from ourselves, etc. Watch the full interview in Part 2.
It Didn't Start With You: How Inherited Family Trauma Shapes Who We Are
Mark Wolynn · 653 views today · The past is never dead. It’s not even past. — William Faulkner, Requiem for a Nun
Schooling the World (2010)
66 min · 635 views today · If you wanted to change an ancient culture in a generation, how would you do it? You would change the way it educates its children. The U.S. Government knew this in the 19th...
How Native Americans Managed "Wild" Land Long Before Settlers
Sami Grover · 627 views today · When European settlers first came to North America, they assumed they were looking at "untouched" nature. Sure, there were native peoples, but history tells us they didn't...
Your Lifestyle Has Already Been Designed (The Real Reason For The Forty-Hour Workweek)
David Cain · 614 views today · Well I’m in the working world again. I’ve found myself a well-paying gig in the engineering industry, and life finally feels like it’s returning to normal after my nine months...
Solidarity Is About What You Do - Not Who You Are.
R.L. Stephens · 553 views today · I am Black. I capitalize Black and leave white lowercased. Sure, it’s the accepted spelling, but really I do it because it feels good. My family lived in Missouri, but my...
A New Story for Humanity (2016)
102 min · 519 views today · Inspired by the New Story Summit at the Findhorn Foundation: a sold-out multicultural, multigenerational inquiry into a new story for humanity, attended by change makers and...
Masculinity Is Killing Men: The Roots of Men and Trauma
Kali Holloway · 449 views today · We begin the damaging process of turning boys into men long before boyhood ends.
Bitter Lake (2015)
136 min · 431 views today · Adam Curtis: Politicians used to have the confidence to tell us stories that made sense of the chaos of world events. But now there are no big stories and politicians react...
Bioregional Quiz: How Well Do You Know the Place in Which You Live?
Rua Lupa · 416 views today · In the vast emptiness of space there are an unimaginable number of galaxies, each galaxy containing billions upon billions of stars. Looking at one galaxy we find an average...
Today I Rise: This Beautiful Short Film Is Like a Love Poem For Your Heart and Soul
4 min · 415 views today · "The world is missing what I am ready to give: My Wisdom, My Sweetness, My Love and My hunger for Peace." "Where are you? Where are you, little girl with broken wings but full...
Why You Should Take Your Kids Out of School
Ben Hewitt · 412 views today · We don't need no education. At least not of the traditional, compulsory, watch-the-clock-until-the-bell-rings kind. As a growing movement of unschoolers believe, a steady diet...
Load More
Like us on Facebook?
Some impacts of the climate crisis on specific industry sectors