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<i><font size="+1"><b>May 18, 2020</b></font></i><br>
<br>
[Bloomberg $ays]<br>
<b>Unpriceable Climate Change Stalks $31 Trillion Debt Market</b><br>
Bloomberg <br>
Ruth Carson - May 18, 2020<br>
- - <br>
"When markets find it difficult to price the risk, they just don't
price it at all."<br>
<br>
"We don't have enough data to price the risk on a macro level over a
long-term horizon," said Shaun Roache, Asia-Pacific chief economist
at S&P Global Ratings. "We don't know the magnitude of the next
shock, or how big the next bushfire will be or its impact on the
economy," said Roache, who was formerly a macro strategist at
Singapore sovereign wealth fund Temasek Holdings. "When markets find
it difficult to price the risk, they just don't price it at all."<br>
<br>
Experts point to green bonds -- debt raised by companies and
governments specifically for environmentally-conscious projects --
or climate bonds as ways to mitigate climate catastrophe risk.<br>
<br>
But even with record growth in 2019 as green bond sales topped $217
billion, the amount is a mere drop in the world's debt market. It
falls well short of meeting the ongoing needs of investors and
doesn't help them pricing climate risk into sovereign bonds.<br>
<br>
Climate change has long been on the radars of the world's top
central bankers, though they don't all agree on their part in
dealing with it. The coronavirus pandemic has also pushed back
attempts to tackle it, with the Bank of England saying this month
that it would postpone climate stress tests on financial
institutions to focus on the outbreak...<br>
<a class="moz-txt-link-freetext" href="https://www.bloomberg.com/news/articles/2020-05-17/unpriceable-risk-of-climate-change-stalks-31-trillion-of-debt?srnd=premium">https://www.bloomberg.com/news/articles/2020-05-17/unpriceable-risk-of-climate-change-stalks-31-trillion-of-debt?srnd=premium</a><br>
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[lessons not learned, will be repeated]<br>
<b>Bill McKibben speaks on the persistence of nature</b><br>
@60Minutes<br>
"Biology just doesn't care. It doesn't care that it's causing a
recession, you know? It's not going to back off because it's an
election year," says Bill McKibben, an author and authority on
climate change, about coronavirus. <br>
<a class="moz-txt-link-freetext" href="https://twitter.com/A_Siegel/status/1262168134468894720">https://twitter.com/A_Siegel/status/1262168134468894720</a><br>
- -<br>
[60 Minutes]<br>
<b>What will be the new normals after the coronavirus pandemic?</b><br>
History shows the aftermath of plagues have brought about radical
transformations for societies. So what changes could come in the
aftermath of COVID-19?<br>
<a class="moz-txt-link-freetext" href="https://cbsn.ws/2X9nNRT">https://cbsn.ws/2X9nNRT</a> <br>
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<p><br>
</p>
[Understanding the fundamentals]<br>
<b>Stefan Rahmstorf about Arctic Tipping Points - Full Session</b><br>
Oct 13, 2019<br>
The Arctic Circle<br>
Stefan Rahmstorf, Professor and Head of Earth System Analysis at the
Potsdam Institute for Climate Impact Research spoke about Arctic
Tipping Points in a Plenary Session during the #ArcticCircle2019
Assembly.<br>
<a class="moz-txt-link-freetext" href="https://www.youtube.com/watch?v=mb-1MPIjoAY">https://www.youtube.com/watch?v=mb-1MPIjoAY</a><br>
and <a class="moz-txt-link-freetext" href="https://www.youtube.com/watch?v=x6xxvrJmGvI">https://www.youtube.com/watch?v=x6xxvrJmGvI</a><br>
<div class="moz-cite-prefix">- - <br>
</div>
<div class="moz-cite-prefix"> [What scientist said in 2013]<br>
<b>Sea-level rise: What the experts expect</b><br>
Filed under: Climate Science IPCC Oceans -- stefan @ 23 November
2013<br>
In the long run, sea-level rise will be one of the most serious
consequences of global warming. But how fast will sea levels rise?
Model simulations are still associated with considerable
uncertainty - too complex and varied are the processes that
contribute to the increase. A just-published survey of 90
sea-level experts from 18 countries now reveals what amount of
sea-level rise the wider expert community expects. With
successful, strong mitigation measures, the experts expect a
likely rise of 40-60 cm in this century and 60-100 cm by the year
2300. With unmitigated warming, however, the likely range is
70-120 cm by 2100 and two to three meters by the year 2300.<br>
<br>
<a class="moz-txt-link-freetext"
href="http://www.realclimate.org/images//survey_histogram1.png">http://www.realclimate.org/images//survey_histogram1.png</a><br>
<br>
"There is no split into two groups that could be termed
"alarmists" and "skeptics" - this idea can thus be regarded as
empirically falsified. That is consistent with other surveys, such
as that of continental ice experts by Bamber & Aspinell
(Nature Climate Change 2013). Instead, we see in the distribution
of responses a broad scientific "mainstream" with a normal spread
(the large hump of three bars centered on 100 cm, in which I also
find myself), complemented with a long tail of about a dozen
"pessimists" who are worried about a much larger sea-level rise.
Let's hope these outliers are wrong. At least I don't see a
plausible physical mechanism for such a rapid rise."<br>
<a class="moz-txt-link-freetext"
href="http://www.realclimate.org/index.php/archives/2013/11/sea-level-rise-what-the-experts-expect/">http://www.realclimate.org/index.php/archives/2013/11/sea-level-rise-what-the-experts-expect/</a><br>
</div>
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<br>
[Digging back into the internet news archive]<br>
<font size="+1"><b>On this day in the history of global warming -
May 18, 2009 </b></font><br>
The Center for American Progress highlights the economic benefits of
the American Clean Energy and Security Act.<br>
<a class="moz-txt-link-freetext" href="http://www.americanprogressaction.org/issues/green/news/2009/05/18/6143/10-reasons-to-support-the-waxman-markey-energy-bill/">http://www.americanprogressaction.org/issues/green/news/2009/05/18/6143/10-reasons-to-support-the-waxman-markey-energy-bill/</a><br>
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