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WMO State of the Global Climate in 2021 report: four key climate change indicators break records
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Four key climate change indicators – greenhouse gas concentrations, sea level rise, ocean heat and ocean acidification – set new records in 2021. According to the World Meteorological Organization (WMO), this is another clear sign that human activities are causing planetary scale changes on land, in the ocean, and in the atmosphere, with harmful and long-lasting ramifications for sustainable development and ecosystems. Western Europe experienced some of its most severe flooding on record in mid-July associated with large economic losses in Germany.
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New method to assess climate risks to real estate
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Together with various real estate parties, the Netherlands Ministry of Infrastructure and the Environment, and Climate Adaptation Services are working on a standard approach to assess the physical climate risk for real estate portfolios. A standard approach is desirable to create a level playing field in which there is transparency about the method and data used, and the assumptions underlying them.
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The Ripple Factor: Economic losses from weather extremes can amplify each other across the world
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Weather extremes can cause economic ripples along the supply chains. If they occur at roughly the same time, the ripples start interacting and can amplify even if they occur at completely different places around the world, a new study shows. The resulting economic losses are larger than the sum of the initial events, the researchers find in computer simulations of a global economic network.
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