For global GDP to survive requires both China and the United States to balance growth ambitions with the destructive effects of climate change.

Climate change ‘will inflict substantial damages on US lives’

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After the recent release of the 4th US National Climate Assessment, detailing climate change impact ‘will inflict substantial damages on US lives‘, our new financial impact focused report shows two thirds of all US GDP growth scenarios are predicted to be in serious decline by 2100 as a result of the effects of climate change. […]

Climate change ‘will inflict substantial damages on US lives’ was last modified: December 6th, 2018 by admin
PAL Climate Risk Map

London’s annual cost of climate change is already a staggering $3.9Bn and is rising much faster than its GDP

Posted on 1 CommentPosted in Chairman’s Blog

New Global Climate Risk Map identifies, quantifies and puts Dollar figures on Climate Change Risk for 520 cities worldwide With international agreement on climate change policy still a distant dream, the need for individual cities to grasp the financial implications of their local vulnerability to the ravages of unabated global warming has never been so […]

London’s annual cost of climate change is already a staggering $3.9Bn and is rising much faster than its GDP was last modified: November 23rd, 2018 by Bruce Menzies
UK: 250 scenarios of GDP growth and climate effect

UK faces 88% risk of economic collapse from Climate Change this century

Posted on 1 CommentPosted in Chairman’s Blog

An unprecedented 4% growth in GDP is the UK’s only hope for survival – but at what cost of decarbonisation? In our new modelling, we examine a full range of decarbonisation costs from $0-100 per tonne CO2. It shows the calamitous effect upon the UK of high decarbonisation costs and a failure to increase GDP […]

UK faces 88% risk of economic collapse from Climate Change this century was last modified: November 9th, 2018 by Bruce Menzies
For global GDP to survive requires both China and the United States to balance growth ambitions with the destructive effects of climate change.

New study shows multiple, ruinous impacts of Climate Change on global GDP, country by country – some within a generation

Posted on 1 CommentPosted in Chairman’s Blog

By 2100, two thirds of all US GDP growth scenarios are predicted to have collapsed or be in the process of collapse. For China, all scenarios grow. On 8th October 2018, Professors William Nordhaus and Paul Romer were awarded the Nobel Prize for their work on economic growth and climate change. The UN IPCC’s landmark […]

New study shows multiple, ruinous impacts of Climate Change on global GDP, country by country – some within a generation was last modified: November 4th, 2018 by Bruce Menzies
economic growth and climate change - real GDP tipping point plotted against time.

Our on-going ‘business-as-usual’ CO2 emissions will collapse the global economy by mid century – we must reduce them much faster or we’ll become ‘boiled frogs’

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Boiled frog syndrome is when you think nothing much is wrong until suddenly you realise it’s too late and you have run out of time to prevent catastrophe. The boiled frog fable imagines that a frog dropped into boiling water will jump out immediately. However, if the frog is immersed in tepid water that is then slowly heated, the frog gets […]

Our on-going ‘business-as-usual’ CO2 emissions will collapse the global economy by mid century – we must reduce them much faster or we’ll become ‘boiled frogs’ was last modified: October 22nd, 2018 by Bruce Menzies

The ever-increasing deployment of London’s River Thames Barrier is stark testimony that climate change is now a grim reality

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The twin threats to London of fluvial flooding and storm surges are no longer exceptional. The ever-increasing deployment of London’s River Thames Barrier is stark testimony that climate change is now a grim reality was last modified: November 25th, 2018 by Bruce Menzies

The ever-increasing deployment of London’s River Thames Barrier is stark testimony that climate change is now a grim reality was last modified: November 25th, 2018 by Bruce Menzies

Insurance companies should collect a carbon levy : Nature News & Comment

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PAL announces that our Director of Research Richard H. Clarke, in conjunction with Dr Anthony J. Webster (University of Oxford) have their article Insurance companies should collect a carbon levy published in Nature News & Comment today.     Insurance companies should collect a carbon levy : Nature News & Comment was last modified: September […]

Insurance companies should collect a carbon levy : Nature News & Comment was last modified: September 13th, 2017 by admin
cyclone gafilo

The Insurance Industry is already hammered by climate change – to punish it with heavy taxes is madness

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The forthcoming InsiderScope panel discussion ‘Reinsurance: survival tactics in a brutal market’ on 9 May 2017 is timely. The Insurance Industry is being hammered relentlessly by the devastating effects of manmade climate change and the resulting claims payouts. At PAL, we estimate that the percentage increase in insured loss and damage attributable to global warming […]

The Insurance Industry is already hammered by climate change – to punish it with heavy taxes is madness was last modified: October 26th, 2018 by Bruce Menzies

PAL’s Universal Carbon Price will foot the bill for climate change – and is fair to Joe Bloggses the world over

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In my previous posting I promised Joe Bloggs, the proverbial man-in-the-street, more details on how PAL’s universal carbon price is fair, acceptable and affordable – for mankind worldwide. Here we go. PAL’s Universal Carbon Price will foot the bill for climate change – and is fair to Joe Bloggses the world over was last modified: […]

PAL’s Universal Carbon Price will foot the bill for climate change – and is fair to Joe Bloggses the world over was last modified: October 26th, 2018 by Bruce Menzies

Loss and damage associated with Climate Change impacts to reach $1 trillion a year by 2021

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Climate change  is once again under the microscope at COP22 this month and one point in particular will be a review of the previously established Warsaw International Mechanism for Loss and Damage and whether developed countries would be able to fulfil their commitment to provide a total of $100bn a year of financial aid by 2020. PAL’s view is that the […]

Loss and damage associated with Climate Change impacts to reach $1 trillion a year by 2021 was last modified: October 26th, 2018 by Edward Coe