A study conducted by Verisk Maplecroft explored the key challenges for businesses and how governments, investors and corporates can manage these growing risks. Some of the study's key findings include:

Declining air quality, natural hazards and water availability are expected to be multiplied by climate change.
If emissions continue to rise at their current pace, major cities could see sweltering temperatures and severe heatwaves. The result, severe heat stress, could trigger confusion, dizziness, fatigue, nausea and even death. The agriculture, manufacturing, and other outdoor industries will suffer, resulting in widespread productivity losses, skyrocketing cooling costs, and heat-related diseases.

"Increased heat, humidity, and heavy flooding rains may all contribute to climate change-related impacts on human health. Increased frequency and intensity of heatwaves, particularly in urban locations that don't have appropriate infrastructure… may lead to increased emergency room visits and lost wages," said Churney. He noted that this could lead to an increase in insurance premiums but not before the data and the proof that ties incidents to climate change become stronger. "Some of these more 'chronic' impacts from climate change is an area where Verisk is investing resources," he added.

Special Reports /

Climate crisis now a major concern for global organizations

Related Stories

Recommended For You