Goldman Sachs analysis of the impact of climate change. The result are terrifying

[AlbertaFarmer5]

Jazz, You are looking at this completely wrong, these Extreme left-wing dingbats are the biggest allies we have. The chucks, and the AOC's, and her followers need to be encouraged to make ever more extreme prognostications and preposterous solutions, ensuring that their messkeeps becoming unpalatable to even the most devout believers.

The Proper response to the lady in the video would be
And not just babies, we need to start eating old people, and anyone of childbearing age as well. After all, the wend of the world has now been rescheduled for only 6 months from now, and it will save them from burning up and going extinct next week anyways.

Their groupthink/mob mentality absolutely thrives on this type of encouragement.

The left is no longer just figuratively eating themselves, but have progressed onto Openly discussing doing it literally.

[jazz]

Well AOC didnt says this wasnt a possible solution so I assume chuck endorses it as well.



You know I can deal with radicals like the Taliban or Al Queada. They hunker together in other countries. No biggies. But we have millions of home grown woke radicals among the general population right here and thats terrifying. Not only are they violent and unreasonable, they are working into our govt and institutions.

[AlbertaFarmer5]

For all those who claim that climate change is good or is not costing anything.

"The bank notes Australian insurers are the most directly exposed to the physical impacts of climate change, and points out that inflation-adjusted insurance claims for natural disasters this decade are more than twice what they were in the previous 10 years. It notes “this impact is likely to grow over time”."

Good catch Chuck, while the rest of the article was scary predictions of what is going to happen some time in the future, like all good global warming horror stories, they did manage to find this one in real time.

But be careful of stats that sound really bullet proof. You might have missed it, but Australia had an unprecedented housing boom during that same period they are comparing. The first stat I found is that aussie housing is up 412% in the past 25 years. But it is inflation adjusted you say, Meanwhile inflation in the preceding 20 years was a cumulative total of 68%. So I am shocked that insurance claims are ONLY double, given the fact that housing prices outpaced inflation by such a rate during the period in question. Not quite apples and apples to the period they reference, but a good approximation.

Feel free to work out the exact numbers for the decades mentioned, the info is all available online.

[furrowtickler]

For all those who claim that climate change is good or is not costing anything.

"The bank notes Australian insurers are the most directly exposed to the physical impacts of climate change, and points out that inflation-adjusted insurance claims for natural disasters this decade are more than twice what they were in the previous 10 years. It notes “this impact is likely to grow over time”."

That’s what happens is an extremely low sun spot cycle . Weather patterns , jet streams become more erratic as the pressure in the very upper atmosphere is lower due to less particle forcing from the sun . Thus much higher variance in weather patterns .
The truth is out there for those who understand.
And it has way less to do with mankind than most of the climate models are showing . Because they are all fundamentally flawed .

[chuckChuck]

For all those who claim that climate change is good or is not costing anything.

"The bank notes Australian insurers are the most directly exposed to the physical impacts of climate change, and points out that inflation-adjusted insurance claims for natural disasters this decade are more than twice what they were in the previous 10 years. It notes “this impact is likely to grow over time”."

[furrowtickler]

https://www.theguardian.com/australia-news/2019/oct/04/reserve-bank-warns-climate-change-posing-increasing-risk-to-financial-stability

Reserve Bank warns climate change posing increasing risk to financial stability

Australia’s central bank has delivered a clear warning that climate change is exposing financial institutions and the financial system more broadly to risks that will rise over time if action isn’t taken.

The RBA’s financial stability review, released Friday, concluded that while climate change is not yet a significant threat to financial stability in Australia, it is becoming increasingly important for investors and institutions to actively manage carbon risk.

The bank notes Australian insurers are the most directly exposed to the physical impacts of climate change, and points out that inflation-adjusted insurance claims for natural disasters this decade are more than twice what they were in the previous 10 years. It notes “this impact is likely to grow over time”.

“An increase in the frequency and severity of natural disasters will increase the incidence of damage to, or destruction of, physical assets that are insured or used as collateral,” the RBA said.
Economists warn Reserve Bank could be forced to print money if rate cuts fail to deliver
Read more

“Assets that are exposed to increasing physical risk – such as property located in bushfire-prone or coastal areas – could decline in value, particularly if these risks become uninsurable.

“Climate change could also reduce certain types of business income that is used to service loans. Examples include changing rainfall patterns that result in lower or less predictable income from agriculture, more frequent storms disrupting supply chains and therefore sales, and damage to natural assets that reduces tourism income.”

The RBA says banks and other lending institutions are also exposed to physical risks because climate change can result in a decline in the income or value of collateral that they are lending against.

It says Australian financial institutions that have exposure to carbon-intensive industries – such as power generation and mining, or to energy-intensive firms – “will also be exposed to transition risk”.
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“Transition risk will be greatest for banks that lend to firms in carbon-intensive industries and to individuals or businesses that are reliant on these firms,” the bank said.

“Other financial institutions investing in carbon-intensive industries, such as superannuation and investment funds, are also exposed to the risk that climate change will diminish the value of their investments. This could occur both through direct investments in carbon-intensive industries, or indirect investments in banks that lend to these industries”.

It warns financial institutions “also face reputational damage if they are seen to be contributing to climate change or failing to manage climate risks”.
Sign up to the Green Light email to get the planet's most important stories
Read more

The RBA concludes that climate change poses a clear systemic risk, but it is not yet an imminent threat to financial stability. But it warns this could change. “Climate change could emerge as a risk to financial stability if it is not properly managed, or if the size of climate-related losses increased materially.

“Rising climate-related losses could also erode confidence in an institution or the financial system, leading to a withdrawal of funding. This would be more likely if the physical impacts of climate change are more severe or occur sooner than currently projected, or if the transition to a low-carbon economy occurs in a disruptive and costly manner.”

The RBA notes that both the banking regulator Apra and the corporate watchdog Asic have become proactive in managing carbon risk, and the Council of Financial Regulators has established a working group on the financial implications of climate change to help coordinate agencies’ actions.

Friday’s analysis builds on a warning by the Reserve Bank deputy governor, Guy Debelle, who said in March climate change posed risks to Australia’s financial stability.

Debelle said policymakers needed to consider warming as a trend and not a cyclical event. He said policymakers and businesses needed to “think in terms of trend rather than cycles in the weather”.

“Droughts have generally been regarded, at least economically, as cyclical events that recur every so often. In contrast, climate change is a trend change. The impact of a trend is ongoing, whereas a cycle is temporary.”

The deputy governor said there was a need to reassess the frequency of climate change events, and “our assumptions about the severity and longevity of the climatic events”.

In March, Apra flagged an intention to increase scrutiny of how banks, insurers and superannuation trustees are managing the financial risks of climate change to their businesses.

Last year Asic said climate change was “a foreseeable risk facing many listed companies in the Australian market in a range of different industries” and warned directors and management of listed companies “to understand and continually reassess existing and emerging risks including climate risk that may affect the company’s business”.

In that same assessment by the corporate watchdog, 17% of listed companies in the Asic sample identified climate risk as a material risk in their operating and financial reviews.

The RBA noted on Friday, according to the Intergovernmental Panel on Climate Change (IPCC), it will take significant effort to limit global warming to 1.5C above pre-industrial levels, as targeted in the Paris agreement.

“Even if targets are met, this level of warming is likely to be accompanied by rising sea levels and an increase in the frequency and intensity of extreme weather including storms, heatwaves and droughts,” it said. “Some of these outcomes are already apparent. These changes will create both financial and macroeconomic risks”.

Someone forgot to send that memo to Obama and a few others who have just spend multi millions on sea level mansions and estates .
Obama would have been privy to that info ... no ?

[chuckChuck]

https://www.theguardian.com/australia-news/2019/oct/04/reserve-bank-warns-climate-change-posing-increasing-risk-to-financial-stability

Reserve Bank warns climate change posing increasing risk to financial stability

Australia’s central bank has delivered a clear warning that climate change is exposing financial institutions and the financial system more broadly to risks that will rise over time if action isn’t taken.

The RBA’s financial stability review, released Friday, concluded that while climate change is not yet a significant threat to financial stability in Australia, it is becoming increasingly important for investors and institutions to actively manage carbon risk.

The bank notes Australian insurers are the most directly exposed to the physical impacts of climate change, and points out that inflation-adjusted insurance claims for natural disasters this decade are more than twice what they were in the previous 10 years. It notes “this impact is likely to grow over time”.

“An increase in the frequency and severity of natural disasters will increase the incidence of damage to, or destruction of, physical assets that are insured or used as collateral,” the RBA said.
Economists warn Reserve Bank could be forced to print money if rate cuts fail to deliver
Read more

“Assets that are exposed to increasing physical risk – such as property located in bushfire-prone or coastal areas – could decline in value, particularly if these risks become uninsurable.

“Climate change could also reduce certain types of business income that is used to service loans. Examples include changing rainfall patterns that result in lower or less predictable income from agriculture, more frequent storms disrupting supply chains and therefore sales, and damage to natural assets that reduces tourism income.”

The RBA says banks and other lending institutions are also exposed to physical risks because climate change can result in a decline in the income or value of collateral that they are lending against.

It says Australian financial institutions that have exposure to carbon-intensive industries – such as power generation and mining, or to energy-intensive firms – “will also be exposed to transition risk”.
Advertisement

“Transition risk will be greatest for banks that lend to firms in carbon-intensive industries and to individuals or businesses that are reliant on these firms,” the bank said.

“Other financial institutions investing in carbon-intensive industries, such as superannuation and investment funds, are also exposed to the risk that climate change will diminish the value of their investments. This could occur both through direct investments in carbon-intensive industries, or indirect investments in banks that lend to these industries”.

It warns financial institutions “also face reputational damage if they are seen to be contributing to climate change or failing to manage climate risks”.
Sign up to the Green Light email to get the planet's most important stories
Read more

The RBA concludes that climate change poses a clear systemic risk, but it is not yet an imminent threat to financial stability. But it warns this could change. “Climate change could emerge as a risk to financial stability if it is not properly managed, or if the size of climate-related losses increased materially.

“Rising climate-related losses could also erode confidence in an institution or the financial system, leading to a withdrawal of funding. This would be more likely if the physical impacts of climate change are more severe or occur sooner than currently projected, or if the transition to a low-carbon economy occurs in a disruptive and costly manner.”

The RBA notes that both the banking regulator Apra and the corporate watchdog Asic have become proactive in managing carbon risk, and the Council of Financial Regulators has established a working group on the financial implications of climate change to help coordinate agencies’ actions.

Friday’s analysis builds on a warning by the Reserve Bank deputy governor, Guy Debelle, who said in March climate change posed risks to Australia’s financial stability.

Debelle said policymakers needed to consider warming as a trend and not a cyclical event. He said policymakers and businesses needed to “think in terms of trend rather than cycles in the weather”.

“Droughts have generally been regarded, at least economically, as cyclical events that recur every so often. In contrast, climate change is a trend change. The impact of a trend is ongoing, whereas a cycle is temporary.”

The deputy governor said there was a need to reassess the frequency of climate change events, and “our assumptions about the severity and longevity of the climatic events”.

In March, Apra flagged an intention to increase scrutiny of how banks, insurers and superannuation trustees are managing the financial risks of climate change to their businesses.

Last year Asic said climate change was “a foreseeable risk facing many listed companies in the Australian market in a range of different industries” and warned directors and management of listed companies “to understand and continually reassess existing and emerging risks including climate risk that may affect the company’s business”.

In that same assessment by the corporate watchdog, 17% of listed companies in the Asic sample identified climate risk as a material risk in their operating and financial reviews.

The RBA noted on Friday, according to the Intergovernmental Panel on Climate Change (IPCC), it will take significant effort to limit global warming to 1.5C above pre-industrial levels, as targeted in the Paris agreement.

“Even if targets are met, this level of warming is likely to be accompanied by rising sea levels and an increase in the frequency and intensity of extreme weather including storms, heatwaves and droughts,” it said. “Some of these outcomes are already apparent. These changes will create both financial and macroeconomic risks”.

[littledoggie]

I'm waiting for climate 'catastrophe'. This is so "War of the Worlds".

How many of us believe USDA's numbers without looking critically. I think numbers are moved around,maybe to pace the market (i'd like to think with good intentions but who knows). But when the rubber hits the road is when final production numbers are tallied
Now think about these agencies noaa nasa ipcc.. they don't really have any checks...as long as they get funding they have their jobs. A small lie here and there won't hurt just to keep things rolling. https://www.americanthinker.com/articles/2010/02/climategates_phil_jones_confes.html https://www.americanthinker.com/articles/2010/02/climategates_phil_jones_confes.html

where the rubber hits the road with climate science is their predictions...and remember we've already changed the name from global warming to climate change

And don’t forget acid rain, and the new one “climate emergency”

[TASFarms]

Just let the plants deal with co2. Don’t over think it