Global Insurance Industry Steps Up to Turn Ocean Risk Into Resilience
At the Ocean Risk Summit in Bermuda, experts gathered to advance a new model for how insurance and reinsurance companies can leverage their products and balance sheets to restore marine ecosystems and slow climate change impacts.
"When Hurricane Irma smashed into the British Virgin Islands last September at speeds faster than a jumbo jet at takeoff, the devastation was total. The storm caused damage valued at three times more than the Caribbean islands’ entire gross domestic product, while the territory’s economy – including its biggest industry, tourism – shut down for months. [...]"
Source: Oceans Deeply
Ocean science research is key for a sustainable future
"Human activity has already affected all parts of the ocean, with pollution increasing and fish-stocks plummeting. The UN’s recent announcement of a Decade of Ocean Science provides a glimmer of hope, but scientists will need to work closely with decision-makers and society at large to get the ocean back on track. [...]"
Source: Martin Visbeck
Author: Nature Communications
Read the full article here.
As CO2 Goes Up, Ocean Health Goes Down
"June 8th is World Oceans Day, a day to raise awareness of the ocean’s importance to the planet. 93 percent of the excess heat absorbed by the climate system goes into our oceans, creating major consequences. While more extreme storms and rising sea levels are some of the impacts of warmer oceans, rising CO2 levels and the resulting warmer oceans are impacting ocean health itself. The most wellknown effects are coral bleaching and ocean acidification, but an emerging issue is the decreasing oxygen levels in the warming waters. [...]"
Source: Climate Central