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February 26, 2020

 

 

Thanks for reading Snippets this week. Initially we look at risk and how assessing climate change investment and insurance risks is becoming more high profile, and likely to be ever more so, for businesses and countries. China is an example, with its coal plants, and what to do with these to minimise the country’s emissions?

 

Maybe hydrogen will solve the problem of having to move away from coal, as it is doing in a Norwegian steel plant. Kiwis may soon have access to hydrogen fuel with the refuelling network being proposed. Nuclear power wouldn’t be a good solution – expensive compared to most energy efficiency measures. Solar panels will help too, and they may appear in places you wouldn’t expect.

 

Finally, 3 individual articles – what happens when humans leave nature to its own devices for a while; helping kelp rejuvenate after being decimated; and what milk is best for the environment?

We hope you enjoy the read today.

 

 

We open with an article examining how the banking and insurance industries now realise they need to assess their climate change investment risks. Research by the European Central Bank found that weather-related catastrophic losses accounted for 80% of all insured losses in 2018, with almost 60% of companies in the S&P 500 holding assets at high risk of physical climate change impacts. New reporting such as the Taskforce for Climate-Related Financial Disclosures (TCFD) are likely to be required so these risks may be best understood and managed. Read more.....

 

 

 

 

And in managing its risks, it is going to be essential for China to shift away from coal. Researchers from the University of Maryland’s Centre for Global Sustainability studied over 1,000 Chinese power plants and have proposed a three-pronged strategy to manage the coal phase-out. This includes a halt to new coal plant construction and the rapid shutdown of some of the oldest and most polluting plants. The third part of the strategy would provide a guaranteed lifetime to coal plants, helped by gradually shifting coal use to times of peak electricity demand only.Read more.....