By Colleen Zitt 3 February 2021 (Zurich) – As Chief Risk Officer for Zurich North America, I eagerly await the annual release of the World Economic Forum’s (WEF) Global Risks Report. This year’s 2021 edition is no exception. Its thoughtful, laser-sharp analysis of short- and long-term global risks — dominated by the COVID-19 pandemic and climate change — […]
By David Malmquist 24 January 2021 (VIMS) – Sea level “report cards” issued annually by researchers at William & Mary’s Virginia Institute of Marine Science add further evidence of an accelerating rate of sea-level rise during 2020 at nearly all tidal stations along the U.S. coastline. The team’s web-based report cards project sea level to […]
By Laura Sanicola and Erwin Seba 21 February 2021 NEW YORK/HOUSTON (Reuters) – The largest U.S. oil refiners released tons of air pollutants into the skies over Texas this past week, according to figures provided to the state, as refineries and petrochemical plants in the region scrambled to shut production during frigid weather. An arctic […]
By Josh Lederman 17 February 2021 WASHINGTON (NBC News) – A devastating winter storm that has plunged Texas into an electricity crisis offers warning signs for the U.S. as the Biden administration seeks to prepare for a future in which extreme weather is a greater risk and America is almost entirely powered by renewable energy. Generating energy is one challenge. But […]
By Ari Kahan 3 February 2021 (EIA) – The United States will likely take years to return to 2019 levels of energy consumption and carbon dioxide emissions following the impact of COVID-19 on the U.S. economy and global energy sector, according to projections in the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2021 (AEO2021). […]
By David Agren 15 February 2021 SAN JUAN DE SABINAS, Mexico (The Guardian) – The men on the midnight shift smoked cigarettes and cracked jokes in the glow of their helmet lights as they prepared to go underground. They were loading safety equipment and coils of pipe onto wheelbarrows, in readiness for a second shift […]
By Hannah Ellis-Petersen 8 February 2021 DELHI, India (The Guardian) – Twenty six bodies have been recovered in the Indian Himalayas and scores more people are still missing after a second day of rescue efforts after a glacier break that caused an avalanche of water and debris to engulf a river valley and demolish two […]
ZURICH, 6 January 2021 (PERILS) – PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has today disclosed its fourth and final industry loss estimate for the Australian bushfires of 2019/2020. The final estimate of the insurance market loss is AUD 1,866m. This compares to the third loss estimate of AUD 1,861 million which […]
By James Temple 1 January 2021 (Technology Review) – There’s a case to be made that 2020, for all the sacrifices it demanded and tragedies it inflicted, could at least mark a turning point on climate change. It’s now possible that global oil demand and greenhouse-gas emissions may have already peaked in 2019, since the pandemic could slow economic […]
7 January 2021 (Munich Re) – Global losses from natural disasters in 2020 came to US$ 210bn, of which some US$ 82bn was insured. Both overall losses and insured losses were significantly higher than in the previous year (2019: US$ 166bn and US$ 57bn respectively). The US share of losses was rather high: Natural disasters in the […]
