The Road to Resilience
Natural disasters are on the rise, with a staggering 850 events recorded globally last year. The impact this can have on business is colossal, with losses of USD 160 billion in 2018, and the consequences for the world’s population can be even more tragic, as millions risk losing their homes, belongings and even their families.
In the wake of Storm Barry, Michael Liebreich, Chairman and CEO of Liebreich Associates, and Founder of Bloomberg New Energy Finance, explores why businesses, investors, communities and individuals need to “act now” to prevent global warming from reaching dangerous levels and to create resilient industries, infrastructure and cities.
In this latest episode of Face the Facts, Michael shares his opinion and insight on the most recent major global news stories on climate change and how the world can use its unprecedented wealth to prepare for the climate change emergency.
In the run up to Storm Barry, there was huge disruption around the Gulf of Mexico, with people facing heavy rains and winds, damage to property and loss of power. Oil production in the region was cut by a third, causing prices to rise by 4.5%. This is just one example of how natural disasters are impacting our world today.
What do businesses, societies and governments need to do to become more resilient? As the climate emergency becomes more acute, it’s time to face the facts.