Tag: Loss and Damage

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’

Posted on Bruce MenziesLeave a commentPosted in Chairman’s Blog

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: August 19th, 2018 by Bruce Menzies

How does PAL scientifically place a dollar cash valuation of over $6billion on New York City’s claim against the five Big Oil?

Posted on Bruce MenziesLeave a commentPosted in Chairman’s Blog

PAL’s methodology is a classic research narrative that reveals the tip of a $1.8 trillion iceberg of potential claims from cities across the globe. In brief, PAL’s step-by-step research narrative goes like this: historically GDP has driven emissions, emissions drive temperature increases, increased temperatures drive more extreme weather, which in turn increases insured and uninsured […]

How does PAL scientifically place a dollar cash valuation of over $6billion on New York City’s claim against the five Big Oil? was last modified: August 19th, 2018 by Bruce Menzies
Pie chart showing the relative sizes of hits, near hits and misses for predicted disasters impacting certain vulnerable cities

PAL’s technology for predicting the ‘where and when’ of extreme weather-related disasters is on target for near 90% accuracy

Posted on Bruce Menzies1 CommentPosted in Chairman’s Blog

In 2015 a report “Small City, Regional and Global Predictions for 2015, 2016 and 2017” was sealed and lodged by Predict Ability (PAL) in the safe of a legal firm. The report was generated programmatically, using PAL’s proprietary prediction technology: this machine-generated report was designed to identify qualifying ‘disaster events’ predicted to occur within specified […]

PAL’s technology for predicting the ‘where and when’ of extreme weather-related disasters is on target for near 90% accuracy was last modified: August 19th, 2018 by Bruce Menzies
ew York City climate-related losses attributable to CO2 emissions from the 5 Big Oil companies’ gas and oil products, is down from its 1973 ‘oil crisis’ peak.

New York City’s claim on 5 Big Oil: the dates that make the difference to the dollars

Posted on Bruce Menzies2 CommentsPosted in Chairman’s Blog

An estimated $19billion will be needed to fund the infrastructure to protect New York City from storm surges such as 2012’s Super Storm Sandy, that are bound to come again and come more frequently. Mayor de Blasio’s primary claim against 5 Big Oil (BP, ExxonMobil, Chevron, ConocoPhillips and Royal Dutch Shell) implies – correctly – […]

New York City’s claim on 5 Big Oil: the dates that make the difference to the dollars was last modified: August 19th, 2018 by Bruce Menzies

$23-billion Carbon Loophole at Drax: CO2 emissions disclosure requirements legitimately conceal the true cost of damage to the planet

Posted on admin1 CommentPosted in Publication

This new case study shows how PAL’s Carbon Value at Risk (VaR) metric is used to determine the extent of carbon liability risk – the potential cost of damage attributable to carbon emission related anthropogenic (manmade) climate change. For users of biomass as a fuel source such as Drax power station, it highlights a potential $23bn ‘black hole’ between the expected loss and […]

$23-billion Carbon Loophole at Drax: CO2 emissions disclosure requirements legitimately conceal the true cost of damage to the planet was last modified: August 19th, 2018 by admin

What is climate change costing your business? $760 Billion or 25% of the FTSE100 is at risk

Posted on admin1 CommentPosted in Press Release

Global warming, caused by CO2 emissions released into the atmosphere by burning fossil fuels, currently costs global GDP a staggering $1 trillion in damages p.a. Small wonder the UN, IMF and World Bank have all called for a carbon price: policy makers in government and corporations urgently need this price so they can account for […]

What is climate change costing your business? $760 Billion or 25% of the FTSE100 is at risk was last modified: August 19th, 2018 by admin
cyclone gafilo

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

Posted on Bruce MenziesLeave 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: August 19th, 2018 by Bruce Menzies

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

Posted on Edward CoeLeave 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 19th, 2018 by Edward Coe