Day: September 29, 2013

Insurer: Climate not a main driver of rising losses; ‘Main drivers are increases in population and in wealth’

The Financial Times reports:

However, the role of climate change in contributing to the rise in insurance losses remains contentious.

Economic growth has played a much more important role, say several scientists and insurance executives. Rising insurance losses driven by development are not necessarily problematic as they should be accompanied by a corresponding increase in premium income.

“The main drivers of the [rising] losses are mainly increases in population and in wealth,” says Ernst Rauch, head of the corporate climate centre at the reinsurer Munich Re.

He says in some regions – the US and parts of Europe – “it is likely there is a connection between the changing weather patterns and the losses”, but adds that the effect is impossible to quantify.

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Don’t read this if you’re a climate bedwetter — China says drastic cuts in CO2 are impossible — ever

The Guardian reports: Continue reading Don’t read this if you’re a climate bedwetter — China says drastic cuts in CO2 are impossible — ever

Eco-terror: IPCC has convinced some that warming threatens the existence of Earth itself

The Las Vegas Guardian Express reports in “Climate Change: How Long Will Earth Remain?”: Continue reading Eco-terror: IPCC has convinced some that warming threatens the existence of Earth itself

‘But after so many false scares, and with no warming for so long, let’s keep our panic on hold and our hands on our wallets’

Andrew Bolt writes in the Daily Telegraph: Continue reading ‘But after so many false scares, and with no warming for so long, let’s keep our panic on hold and our hands on our wallets’

‘Just as economists can’t tell us how to abolish boom-bust, so scientists don’t yet know how to fix the climate or even if it’s broken’

Dominic Lawson writes in the Sunday Times: Continue reading ‘Just as economists can’t tell us how to abolish boom-bust, so scientists don’t yet know how to fix the climate or even if it’s broken’