cyclone gafilo

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

Posted on Leave a commentPosted in Chairman’s Blog

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: June 1st, 2017 by Bruce Menzies

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

Posted on Leave a commentPosted in Blog

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: August 8th, 2017 by Edward Coe

How will global warming impact insurance claims?

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In Science magazine, one of the leading US research journals, there is a comprehensive overview of the evolving impact of climate change on the insurance industry by Evan Mills[17], a senior scientist at LBNL (Lawrence Berkeley National Laboratory).  Mills is a respected chronicler of the insurance industry’s action on climate change.  One graph stands out. […]

How will global warming impact insurance claims? was last modified: May 12th, 2017 by Richard Clarke
PAL drought

Cost of carbon update for the first half of 2016: Increase in extreme weather drives up the cost of carbon emissions

Posted on Leave a commentPosted in Press Release

The cost of carbon – losses arising from extreme weather events attributable to cumulative causal carbon emission – for 2015 was $12.27 per tonne of carbon dioxide (previous year $12.67, down 3%). For the first half of 2016, the cost has increased to $12.44 on the back of extreme weather events reported by Munich Re […]

Cost of carbon update for the first half of 2016: Increase in extreme weather drives up the cost of carbon emissions was last modified: August 8th, 2017 by Edward Coe

New Book “Predicting the Price of Carbon: How to Crack the Climate Change Code for Good” Out Now

Posted on Leave a commentPosted in Press Release, Publication

Predicting the Price of Carbon How to Crack the Climate Change Code for Good Without a global price for carbon there can be no sustainable solution to the already unstoppable impact of climate change. It’s the one key factor that virtually all leading environmentalists, international bankers, energy giants, scientific experts and policy makers worldwide agree […]

New Book “Predicting the Price of Carbon: How to Crack the Climate Change Code for Good” Out Now was last modified: October 19th, 2017 by Edward Coe

A financial comparison of climate change impacts at 1.5C and 2C

Posted on Leave a commentPosted in Blog

An article caught my eye recently: Scientists compare climate change impacts at 1.5C and 2C by Carbon Brief. We have some insight into the interconnectedness of extreme weather events and climate change, so we decided to take a look at the effect a 1.5°C at 2°C world might have on the expected financial loss and damage arising from extreme weather […]

A financial comparison of climate change impacts at 1.5C and 2C was last modified: September 3rd, 2017 by Edward Coe

PALcarbon 1.0

Posted on Leave a commentPosted in Product Update

PALcarbon 1.0 is now on available on general release.   PAL Carbon enables you to quickly and easily access carbon prices. PAL Carbon places a dollar price on the damages attributable to climate change per tonne of CO2 emitted. Selected fuel and energy types have prices weighted by their CO2 impact and usage. Prices are updated […]

PALcarbon 1.0 was last modified: April 25th, 2017 by admin

Temperature Anomaly: what is it, how is it used?

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A temperature anomaly is the difference between the current temperature and the long term average.  A positive temperature anomaly indicates that it is warmer that the long term average.  Likewise a negative anomaly indicates that it is cooler than the long term average. Temperature anomaly is dependent on the period being used.  The average temperature over the […]

Temperature Anomaly: what is it, how is it used? was last modified: August 8th, 2017 by Edward Coe

Global carbon pricing system a reality

Posted on Leave a commentPosted in Press Release

UN Climate Change Chief, Christiana Figueres, was recently reported as saying that a global carbon price is needed.  Christine Lagarde, Head of the IMF, has also repeatedly called for carbon pricing, to encourage green investment. Predict Ability Ltd (PAL) has exactly such a global carbon pricing solution, here and now.  It is independent, scientifically robust […]

Global carbon pricing system a reality was last modified: July 10th, 2017 by admin