Climate Change Update: View: Market, Politicians Split on Climate Change - Bloomberg

View: Market, Politicians Split on Climate Change - Bloomberg: "No one can say for certain that any single weather event flows from the warmer air caused by carbon emissions, which in turn lead to more rainfall, floods and snowfall over some parts of the planet, and more drought in other parts. But last year was the hottest on record. Arctic ice is at record low levels. Regardless of what politicians say, insurers must factor all this into premiums.

Swiss Re, the second-largest reinsurer, is developing scenarios using probabilistic modeling to help government officials cope. The reinsurer studied the effects of climate change in vulnerable areas such as Samoa, Mali, Caribbean islands and Miami.
No matter which model it chose -- no change, moderate changes or extreme changes -- Swiss Re concludes it’s cheaper to adapt now than to sit and wait.
It recommends building codes that require more water- and wind-proofing, zoning laws that prevent planting trees close to buildings and power lines, redesigned beaches that absorb storm surge, and restoration of wetlands."

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