All posts tagged extreme weather

Small and young businesses disproportionately bear the costs of climate change

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Report provides eye-opening new insights into the demographics of commercial victims of climate change. Young firms, which comprise not only the lifeblood of many communities but are central to national economies, do not insure against what they consider to be less frequent, extreme events, and are therefore, disproportionately bearing the costs of the vagaries of weather resulting from climate change.

With the frequency and severity of extreme weather events and unseasonal weather increasing as a result of climate change, Weather & Economics has reported on the far-reaching effects to a wide range of sectors, including agriculture (particularly for farmers of citrus fruits, avocadoes, cocoa, viticulture, and cereals) as well as for the sectors of finance, sporting events, travel, transport, automobile parts, fashion and apparel, construction, food and beverages, and snow removal, to name but a few.

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Farmers in Crisis

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It is a perilous time to be a farmer. Across the world, 2015 broke records for unseasonal, unprecedented, and unexpected weather. The combination of El Niño and climate change produced conditions with devastating effects for the agriculture sector around the globe. This article examines the impacts of unseasonal weather on farmers around the world, in losses to yield quality and quantity but also in economic, physical and psychological effects for farmers coping with the “new normal” in weather. It considers regional differences in farmers’ susceptibility to unseasonal weather, and presents the implications of the lack of resiliency of the major crop producers for the future of food security, and by extension, political stability. Finally, it looks at how the international community is addressing this situation, concluding with practical and achievable means for farmers and cooperatives to start to build resiliency to climate change today.

Farmers around the world experience significant losses from extreme weather

It is the prize that the world did not want to see given. Nonetheless, 2015 proved to have no limit to its unseasonal and unprecedented weather. Based largely on a combination of a strong El Nino and human-induced global warming, global average surface temperatures exceeded all previous on record to reach the symbolic and significant milestone of 1°C above the pre-industrial era.

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