Here we highlight the recent stories that GC Capital Ideas has presented on managing risks associated with climate change.
Chart - Real Gross Domestic Product Projections for Countries Exposed to Climate Change by 2048:
The following chart shows that two groups of countries are most likely to be affected negatively by climate change: nations in hot climates, particularly emerging economies such as Malaysia, Algeria, the Philippines and Thailand, and oil producers such as Saudi Arabia, Qatar and Oman.
Building Climate-Resilient Infrastructure in the Post-Pandemic World:
With the global economy facing its deepest economic contraction since the second world war, many governments are looking to infrastructure development to reinvigorate growth. Investments in infrastructure have the potential to boost productivity, facilitate trade and generate widespread multiplier effects that can aid economic recovery, according to Blair Chalmers, Director of Marsh & McLennan Insights and Lawrence Slade, CEO of the Global Infrastructure Investor Association.
Governments Need Private Capital for Economic Recovery and Future Disaster Protection:
It is a government’s responsibility to prepare for risks that may threaten national security and social stability, and as government entities take steps to understand and manage those risks, they are turning to the reinsurance market to find ways to improve their financial resilience. The risk landscape for public sector entities is changing faster than ever before, with extreme weather, mass migration and unfunded social liabilities set to dominate government agendas for decades to come, according to Guy Carpenter colleagues Jake Clark, Head of Public Sector, North America, and Ruth Lux, Head of Public Sector, EMEA.
How the Public Sector Can Respond to Climate Change and Demographic Challenges:
The risk landscape for public sector entities is changing rapidly: extreme weather, climate change, mass migration and unfunded social liabilities are set to become the risks of our age. Guy Carpenter explores these interlinked issues and how they will dominate both governmental and commercial agendas for decades to come in our report, Protecting our Planet and the Public Purse.