El Niño could have a significant impact on renewable energy production, says new WTW Natural Catastrophe Review
2024年7月29日 - 8:52PM
The emerging El Niño could cause wind drought in North America,
which would have a significant effect on renewable energy
production in the region, says a new report launched today by WTW
(NASDAQ: WTW), a leading global advisory, broking, and solutions
company.
The review also highlights how different 2023 has been to date
with five category five storms in the first five months. This
year’s combination of El Niño and exceptional Atlantic warmth is
expected to have significant impact on weather patterns and
temperatures across the globe.
The review outlines key perils which need to be monitored as
well as exploring the reasons why those natural catastrophes turned
into a natural disaster, going beyond the severity of the event,
and incorporating insights into exposure and vulnerabilities of the
regions affected. The report also delves into the science behind
those events and provides insights on what to watch for in the
second half of the year.
Key findings include:
- As the world warms, we continue to
see natural disasters, such as the unprecedented Canadian wildfires
that began in May and have burned over 11 million hectares to
date.
- Human activities, such as land use,
often exacerbate the impacts of natural disasters as we saw this
year with the floods in New Zealand and Italy, and wildfires in
Chile.
- Awareness needs to be raised about
potential socio-economic tipping points, where gradual climate
change leads to sudden socio-economic shifts such as the collapse
of property prices.
- During an El Niño event, the
atmosphere absorbs more heat while the ocean takes up less, and so
two to three months after the event begins, global surface
temperatures increase.
- For three years in a row, Earth’s
largest ocean has been stuck in its La Niña configuration. Should
the Pacific flip to El Niño, businesses should prepare for
record-high temperatures, unusual weather, and slower economic
growth.
Helene Galy, Managing Director of the WTW Research Network, said
“Our direct links and close collaboration with the scientific
community through the WTW Research Network enables us to provide
deeper insights into key natural catastrophes as well as lessons
learned. When quantifying natural catastrophe risk, it is crucial
to incorporate in-depth scientific analysis in our modelling. As we
are seeing with the current wildfires and extreme weather across
Europe, China and North America, the business impact of these
disasters means it is crucial that risk managers understand their
potential consequences, as well as learning lessons from previous
events and the value and limits of seasonal forecasting. We are
delighted to be introducing this latest bi-annual scientific review
to help our clients understand and mitigate natural catastrophe
risks.”
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led
solutions in the areas of people, risk and capital. Leveraging the
global view and local expertise of our colleagues serving 140
countries and markets, we help organizations sharpen their
strategy, enhance organizational resilience, motivate their
workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover
opportunities for sustainable success—and provide perspective that
moves you.
Learn more at wtwco.com.
Media contact
Sarah Booker: +44 7917 722040 / Sarah.booker@wtwco.com
Willis Towers Watson Pub... (NASDAQ:WTW)
過去 株価チャート
から 6 2024 まで 7 2024
Willis Towers Watson Pub... (NASDAQ:WTW)
過去 株価チャート
から 7 2023 まで 7 2024