Rising climate costs to challenge countries, companies in 2023

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In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their exposure to liability.

"I get it," Hayhoe said. "It's a psychological reaction to the genuine fear that people feel when they start to understand the magnitude of this problem."

Others sought to take their grievances to court. As of today, there are 2,176 climate-related lawsuits in play across the world, including 654 filed in U.S. courtrooms, according to the Sabin Center for Climate Change Law at Columbia University.in calculating exactly how much a country's activity may have contributed to climate change – and to specific disasters. This line of argument, referred to as "climate attribution science," made its way into more courtrooms.

"So far it's been a battle of the experts on paper," said Sabin Center's executive director, Michael Burger. "What we have not yet seen is an actual trial" presenting evidence toward attributing a certain percent of obligation to a climate-polluting company or country.With the new year, expect more public anxiety as climate change continues to escalate – and more worry among companies and governments over liability and risk.

At the end of the year, countries will meet again at the next U.N. climate summit, COP28, in Dubai. And they will be under extra pressure to see that emissions are cut in half by 2030 and to net-zero by 2050 - the"An increasing number of powerful actors are coming to terms with the fact that we can't keep sticking our heads in the sand," Burger said.

 

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WTF does that mean? 'Climate-linked'? All floods and hurricanes are natural.

No. Don't confuse weather phenomena for climate change. Climate changes naturally. Climate is generally considered what the average weather is over a 30 year span. Many natural climate cycles operate within such a period of time, which means weather varies in everyone's lifetime.

Can you just invent a vaccine that will convince people that it’s solved, you know what I mean, like the covid vaccines are to stop the spread 😉

The planet has its own cycles and they are more powerful and determining than our insignificant actions. The planet needs to up and down temperatures. Humans are living in the short period of time the planet allows them to live. There's nothing we can do about it.

None of these are more frequent. Inflation may be driving up losses (along w more people living in high risk areas), but that’s not climate.

Horseshit.

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