Nobody gets excited about paying property insurance. But anyone who has invested in a home or business understands the importance of protecting it. Insurance provides peace of mind against unforeseen events, so anything that undermines the availability of affordable insurance is cause for concern. It turns out that climate change is doing just that.
Insurance markets depend on reliable and predictable information, and climate change is throwing a wrench into this predictability. Insurers need to set rates to cover claimed losses and make a profit. Rates must be affordable so enough people purchase insurance policies, or the system will fail. Climate change contributes to more intense extreme weather events, such as storms and floods, prolonged droughts and wildfires. Insurers have lost confidence that they can pay for losses now that "once in a hundred years" events are happening more frequently. Insurers are raising premiums to protect themselves, and insurance rates are increasing and becoming unaffordable for many.
Blogs and Media
IPCC report shows action on climate change is critical
Attacks on climate change science hinder solutions
Climate change amplified in Canada, but worst effects can be averted: report
Canada harder-hit by climate change, but not too late to change course: report
Not too late to avert worst of global warming, Suzuki Foundation says
Canadians losing faith in government on climate change
Ottawa's climate position not in sync with Canadian opinion
We have an intimate connection to food. To paraphrase David Suzuki, "When we consume food we are incorporating the environment into our very being." Food is tradition, comfort, celebration, privilege and often a reliable indicator of environmental health.Continue reading »
Crop failure, property loss from extreme weather, higher food prices, heat stress — climate change is clearly posing significant challenges for the world's poor. But when we consider the range of climate impacts that can afflict vulnerable populations, a disconnect can occur. We might assume that such populations are clustered solely in subtropical, lower- income countries and that citizens of wealthier nations would be buffered against similar hardships. The evidence suggests this is not the case. When we consider climate change as having only international poverty implications, we are overlooking our own challenges at home.Continue reading »
Combatting climate change often focuses on reducing the root cause—carbon emissions. We're already experiencing climate change symptoms: rising global temperatures, species migration and decline, more erratic and extreme weather, so rapidly decarbonizing our society is crucial. But climate scientists have known for years that, regardless of how quickly we reduce emissions, we'll continue to feel effects into the future due to heat stored in the oceans. So we must also adapt to our changing environment.Continue reading »