🌍 Climate Change: A Growing Risk We Can't Ignore! 2024 is shaping up to be the hottest year on record, with devastating floods in Spain, severe droughts in South Africa and wild fires in California impacting communities across the globe. These recent extreme events highlight the urgent need to assess and address climate risks in all industries – including carbon. Extreme climate events can disrupt or even destroy carbon removal projects, releasing stored carbon back into the atmosphere and prevent future carbon sequestration. The first step in providing early stage carbon credit insurance is understanding these risks involved and their magnitude. That’s why at Artio, we focus on developing advanced risk models to map and analyse climate risks and their potential impact on carbon removal projects. Over the next few weeks, we’ll share some unique insights into how we assess and plan for risks like floods, droughts, storms and fires, helping to ensure the resilience and long-term success of carbon projects. Curious about how we’re tackling this? Stay tuned and follow us to learn more! 🚀 #ClimateRisk #CarbonCredits #Sustainability #Insurance
Could not agree more.
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