30 May 2016, The Guardian, Homeowners kept in dark about climate change risk to houses, says report. Climate Institute says risk data held by regulators, state and local governments, insurers and banks, but homebuyers and developers do not have access to it. The risk that houses in some areas of Australia are likely to become uninsurable, dilapidated and uninhabitable due to climate change is kept hidden from those building and buying property along Australia’s coasts and in bushfire zones, a Climate Institute report says. The report says there is untapped and unshared data held by regulators, state and local governments, insurers and banks on the level of risk, but that most homebuyers and developers are not told about the data and do not have access to it. The full scale of risk may only be recognised through disaster or damage, or when insurance premiums become unaffordable Climate Institute report. “Even when public authorities, financial institutions and other stakeholders possess information about current and future risk levels, they are sometimes unwilling, and sometimes unable, to share it with all affected parties,” the report released on Monday says. “Thus, foreseeable risks are allowed to perpetuate, and even to grow via new housing builds. The full scale of the risk may only be recognised either through disaster or damage, or when insurance premiums become unaffordable. Any of these events can in turn affect housing values.” The economic costs are high and could ultimately represent a real risk to the financial sector itself, the report says. While insurers, regulators and governments have started to recognise this risk, banks who approve the mortgages for at-risk properties have not yet begun working towards a solution. For example, the report says, banks could integrate the impact of climate into their risk assessment processes, work with other stakeholders in the public, private and civil society sectors to research and develop ways to minimise climate impact risk to housing, and address losses that will occur in an equitable way. Read More here
Tag Archives: Extreme Events
23 May 2016, New Statesman, What will it take for people to care about climate change? Record-breaking heat wave in Rajasthan reveals how badly we lack the necessary infrastructure to cope with the human suffering climate change is already causing. The question of whether or not climate change is real is rapidly becoming less urgent than what can be done to alleviate the human suffering it is causing. In Rajasthan, north-west India this week, the mercury hit 51 degrees celsius (123°F). That’s the hottest temperature on record in the country. Hospitals are swamped with patients suffering heatstroke and dehydration. The year’s harvest is shrivelling in the ground. People are cooking to death on public transport. Yesterday, a camel left alone in the sun went mad and chewed its owner’s head off. That’s how hot it is in Rajasthan right now…..The British national sport of complaining about the weather is becoming increasingly insensitive. After three centuries of merrily conquering other nations and building bonfires out of their resources to light our way to a place of power in a burning world, we are still inhabiting one of the only landmasses where the weather isn’t actively trying to kill us all the time. Pleasant as it is to carp and moan every time the temperature moves outside the ten-degree range I happen to find comfortable, the temperate, drizzle-through-the-sunshine British climate is pretty much as good as it gets, on a global scale. In fact, on that same global scale, Britain has some claim for having had the most benefit out of fossil fuels for the least climate cost. If we’re not going to cough up reparations, the least we can do is stop whining.I mention all this for two reasons. Firstly, because the manifestations and implications of climate change are frightening wherever you happen to live, and I find sprinkle of weak humour makes the whole thing bearable, makes me less likely to panic and tap out of the entire discussion as something that’s not relevant to me right now because for the meantime, at least, I’m comfy indoors and it’s raining outside. Secondly, because when the lives and livelihoods of so many are at stake – when the topic for discussion is not tens or thousands but millions of people actually cooking in the unnatural heat – you run into a phenomenon that rationalists call “scope insensitivity”. Let’s say that my nightmare is overwhelming, inescapable heat. I can imagine, viscerally, physically, how it might feel to be trapped in a 51 degree… Read More here
23 May 2016, The Conversation, Coastal law shift from property rights to climate adaptation is a landmark reform. Coastal management in Australia is subject to competing interests and challenges. These range from land use and strategic planning issues to ecosystems preservation. Local councils are at the coalface as both key decision-makers and the first point of contact for communities. Exacerbating these day-to-day challenges for councils are risks to property. A quantitative assessment undertaken by the then-Department of Climate Change in 2009 identified impacts of sea-level rise as a serious threat to property. In New South Wales, under scenarios of a 1.1-metre sea-level rise, risks of damage or inundation to residential housing alone affected tens of thousands of properties, potentially costing millions of dollars. The NSW 2009 sea-level rise policy (now repealed) saw coastal councils considering this future risk when developing coastal zone management plans. These metrics, while important, say little of the wide-ranging benefits of a freely accessible coast. Going to the beach is a fundamental part of Australian identity; it’s a “special place” for Australians. Local councils are most exposed to the issues and challenges of a changing coastline in which there are many interests. Councils are often the first decision-makers for local development, asset management and land-use and strategic planning. Increased coastal erosion, storm events, more frequent and severe flooding impacts and higher tides can and will make these regular functions of councils more complicated. In this context, the tabling of the NSW Coastal Management Bill on May 3 marks the formalisation of Stage 2 of the most significant law reform to coastal management since the 1970s. The NSW state government saysthat, by better integrating coastal management with land-use planning, the legislation offers: … a modern, coherent coastal management framework that is responsive to current needs and future challenges. Read More here
20 May 2016, Independent, Farmer suicides soar in India as deadly heatwave hits 51 degrees Celsius. Sweltering country seeks the relief of the monsoon, but this year’s downpour could be up to 11 days late as officials blame climate change. India has set a new record for its highest-ever recorded temperature – a searing 51 degrees Celsius or 123.8F – amid a devastating heatwave that has ravaged much of the country for weeks. Hundreds of people have died as crops have withered in the fields in more than 13 states, forcing tens of thousands of small farmers to abandon their land and move into the cities.Others have killed themselves rather than go to live in urban shanty towns. Rivers, lakes and dams have dried up in many parts of the western states of Rajasthan, Maharashtra and Gujarat. India’s previous record high was 50.6C (123 F), which was set in 1956 in the city of Alwar, also in Rajasthan. The world record temperature is 56.7C, which was recorded in July 1913, in Death Valley, California. Human body temperature is normally 37C. The India Meteorological Department (IMD) warned that heatwave conditions were expected to continue for much of the next week in parts of central and north-west India, interspersed with dust and thunder storms in places. Dr Laxman Singh Rathore, the IMD’s director general, firmly pinned the blame for the rising temperatures on climate change, noting the trend dated back about 15 years. “It has been observed that since 2001, places in northern India, especially in Rajasthan, are witnessing a rising temperature trend every year,” he said in a statement. “The main reason is the excessive use of energy and emission of carbon dioxide. “Factors like urbanization and industrialization too have added to the global warming phenomenon. I think similar trend would be maintained in Rajasthan in coming days.” Read More here