Climate Change and Alternative Risk Financing: Adapting Current Methods for Assessing and Transferring Weather Risks

Keyword(s):  
2020 ◽  
Vol 12 (3) ◽  
pp. 435-452 ◽  
Author(s):  
Nadine Fleischhut ◽  
Stefan M. Herzog ◽  
Ralph Hertwig

AbstractAs climate change unfolds, extreme weather events are on the rise worldwide. According to experts, extreme weather risks already outrank those of terrorism and migration in likelihood and impact. But how well does the public understand weather risks and forecast uncertainty and thus grasp the amplified weather risks that climate change poses for the future? In a nationally representative survey (N = 1004; Germany), we tested the public’s weather literacy and awareness of climate change using 62 factual questions. Many respondents misjudged important weather risks (e.g., they were unaware that UV radiation can be higher under patchy cloud cover than on a cloudless day) and struggled to connect weather conditions to their impacts (e.g., they overestimated the distance to a thunderstorm). Most misinterpreted a probabilistic forecast deterministically, yet they strongly underestimated the uncertainty of deterministic forecasts. Respondents with higher weather literacy obtained weather information more often and spent more time outside but were not more educated. Those better informed about climate change were only slightly more weather literate. Overall, the public does not seem well equipped to anticipate weather risks in the here and now and may thus also fail to fully grasp what climate change implies for the future. These deficits in weather literacy highlight the need for impact forecasts that translate what the weather may be into what the weather may do and for transparent communication of uncertainty to the public. Boosting weather literacy may help to improve the public’s understanding of weather and climate change risks, thereby fostering informed decisions and mitigation support.


2020 ◽  
Author(s):  
Tracy Carty ◽  
Jan Kowalzig ◽  
Bertram Zagema

International climate finance is vital to global cooperation on climate change. As many developing countries reel from the effects of coronavirus, the prospect of climate-induced extreme weather risks compounding crises and poverty. Climate change could undo decades of progress in development and dramatically increase global inequalities. There is an urgent need for climate finance to help countries cope and adapt. Over a decade ago, developed countries committed to mobilize $100bn per year by 2020 to support developing countries to adapt and reduce their emissions. The goal is a critical part of the Paris Agreement. As 2020 draws to a close, Oxfam’s Climate Finance Shadow Report 2020 offers an assessment of progress towards the $100bn goal. The third in a series, this report looks at the latest donor figures for 2017–18, with a strong focus on public finance. It considers how climate finance is being counted and spent; where it is going; how close we are to the $100bn goal; and what lessons need to be learned for climate finance post-2020.


2019 ◽  
Vol 11 (4) ◽  
pp. 697-711 ◽  
Author(s):  
Kieran M. Findlater ◽  
Milind Kandlikar ◽  
Terre Satterfield ◽  
Simon D. Donner

Abstract Despite long-standing assertions that climate change creates new risk management challenges, the climate change adaptation literature persists in assuming, both implicitly and explicitly, that weather and climate variability are suitable proxies for climate change in evaluating farmers’ risk perceptions and predicting their adaptive responses. This assumption persists in part because there is surprisingly little empirical evidence either way, although case studies suggest that there may be important differences. Here, we use a national survey of South Africa’s commercial grain farmers (n = 389)—similar to their peers in higher-income countries (e.g., North America, Europe, Australia), but without subsidies—to show that they treat weather and climate change risks quite differently. We find that their perceptions of climate change risks are distinct from and, in many regards, oppositional to their perceptions of weather risks. While there seems to be a temporal element to this distinction (i.e., differing concern for short-term vs long-term risks), there are other differences that are better understood in terms of normalcy (i.e., normal vs abnormal relative to historical climate) and permanency (i.e., temporary vs permanent changes). We also find an interaction effect of education and political identity on concern for climate change that is at odds with the well-publicized cultural cognition thesis based on surveys of the American public. Overall, studies that use weather and climate variability as unqualified proxies for climate change are likely to mislead researchers and policymakers about how farmers perceive, interpret, and respond to climate change stimuli.


2019 ◽  
Vol 3 (6) ◽  
pp. 723-729
Author(s):  
Roslyn Gleadow ◽  
Jim Hanan ◽  
Alan Dorin

Food security and the sustainability of native ecosystems depends on plant-insect interactions in countless ways. Recently reported rapid and immense declines in insect numbers due to climate change, the use of pesticides and herbicides, the introduction of agricultural monocultures, and the destruction of insect native habitat, are all potential contributors to this grave situation. Some researchers are working towards a future where natural insect pollinators might be replaced with free-flying robotic bees, an ecologically problematic proposal. We argue instead that creating environments that are friendly to bees and exploring the use of other species for pollination and bio-control, particularly in non-European countries, are more ecologically sound approaches. The computer simulation of insect-plant interactions is a far more measured application of technology that may assist in managing, or averting, ‘Insect Armageddon' from both practical and ethical viewpoints.


2019 ◽  
Vol 3 (2) ◽  
pp. 221-231 ◽  
Author(s):  
Rebecca Millington ◽  
Peter M. Cox ◽  
Jonathan R. Moore ◽  
Gabriel Yvon-Durocher

Abstract We are in a period of relatively rapid climate change. This poses challenges for individual species and threatens the ecosystem services that humanity relies upon. Temperature is a key stressor. In a warming climate, individual organisms may be able to shift their thermal optima through phenotypic plasticity. However, such plasticity is unlikely to be sufficient over the coming centuries. Resilience to warming will also depend on how fast the distribution of traits that define a species can adapt through other methods, in particular through redistribution of the abundance of variants within the population and through genetic evolution. In this paper, we use a simple theoretical ‘trait diffusion’ model to explore how the resilience of a given species to climate change depends on the initial trait diversity (biodiversity), the trait diffusion rate (mutation rate), and the lifetime of the organism. We estimate theoretical dangerous rates of continuous global warming that would exceed the ability of a species to adapt through trait diffusion, and therefore lead to a collapse in the overall productivity of the species. As the rate of adaptation through intraspecies competition and genetic evolution decreases with species lifetime, we find critical rates of change that also depend fundamentally on lifetime. Dangerous rates of warming vary from 1°C per lifetime (at low trait diffusion rate) to 8°C per lifetime (at high trait diffusion rate). We conclude that rapid climate change is liable to favour short-lived organisms (e.g. microbes) rather than longer-lived organisms (e.g. trees).


2001 ◽  
Vol 70 (1) ◽  
pp. 47-61 ◽  
Author(s):  
Robert Moss ◽  
James Oswald ◽  
David Baines

Author(s):  
Brian C. O'Neill ◽  
F. Landis MacKellar ◽  
Wolfgang Lutz
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