Quantcast
Environmental News for a Healthier Planet and Life

Survey Reveals Worldwide Fears of Climate Change

Climate
Survey Reveals Worldwide Fears of Climate Change

Climate News Network

By Kieran Cooke

A worldwide survey commissioned by the multinational insurance group Swiss Re to assess public attitudes towards risk has shown that climate change is ranked high on the list of people’s concerns.

The survey, conducted on behalf of Swiss Re by the Gallup polling organization, involved 22,000 people aged 15 years  and older across five continents. People were asked what concerns them most—whether it’s the economy, aging, climate change, natural disasters, energy issues or questions about food supplies.

While almost all respondents expressed fears about the economic future in their countries, concern about climate change and natural disasters was also widespread, with 84 percent of respondents anticipating climate change being responsible for more natural disasters in the future.

Swiss Re says a majority of respondents also said they feel threatened by the risk that climate change poses to their communities. Most said they would be willing to shoulder some of the financial burden of dealing with future risks, but felt that governments should do more to meet the challenges of climate change.

The policy of governments does not fully address the risks faced today and by future generations, respondents said. In particular, more than 90 percent of those surveyed want to see governments doing more to ensure more efficient energy use.

“These findings show that individuals are willing to take as much responsibility as their leaders,” says David Cole, chief risk officer at Swiss Re, which commissioned the survey to mark the company’s 150th anniversary.

“The findings are a call for better co-operation between government and the private sector," Cole continued. "It’s vital to prepare systematically for the future and make societies more resilient. That’s where Swiss Re also plays a key role with its risk expertise.”

Large insurance companies such as Swiss Re are deeply involved in assessing the economic costs associated with changes in climate, insuring against a wide range of climate-related events that include flooding, storm damage, drought and crop failure.

Hurricane Sandy, which hit the Caribbean region and the east coast of the U.S. in October last year, is estimated to have caused $19 billion worth of damage in New York City alone.

The U.S. accounts for a large slice of the world’s insurance market. Aon Benfield, a global reinsurance group, estimates that the cost of Hurricane Sandy, combined with losses incurred by the serious drought in the states of the Midwest in 2012, reached $100 billion—a figure representing more than 65 percent of total worldwide insured losses last year.

With such gargantuan sums involved, it is little wonder that insurance companies—and their shareholders—are acutely aware of the financial risks posed by climate change. Earlier this year, shareholders of insurance companies in parts of the U.S. successfully lobbied for insurers to reveal the extent of their preparedness for events related to climate change.

Later this month, the Intergovernmental Panel on Climate Change (IPCC) is due to release the first parts of its latest assessment report. Insurance companies are sure to focus special attention on the IPCC’s likely scenarios for sea level rise —and the estimates of costs involved, particularly to coastal cities.

A recent World Bank study suggested that, by 2050, costs related to flooding brought about by a combination of sea level rise and extremes of heat, windstorms and rain in the world’s coastal cities could rise to $1 trillion per year. Flood damage in just four cities—New Orleans, New York and Miami in the U.S. and Guangzhou in southern China—would account for nearly half of that sum.

Visit EcoWatch’s CLIMATE CHANGE page for more related news on this topic.

——–

Radiation-contaminated water tanks and damaged reactors at the Fukushima Daiichi nuclear power plant on Feb. 25, 2016 in Okuma, Japan. Christopher Furlong / Getty Images

Japan will release radioactive wastewater from the failed Fukushima nuclear plant into the Pacific Ocean, the government announced on Tuesday.

Read More Show Less
EcoWatch Daily Newsletter
Antarctica's Thwaites Glacier, aka the doomsday glacier, is seen here in 2014. NASA / Wikimedia Commons / CC0

Scientists have maneuvered an underwater robot beneath Antarctica's "doomsday glacier" for the first time, and the resulting data is not reassuring.

Read More Show Less
Trending
Journalists film a protest by the environmental organization BUND at the Datteln coal-fired power plant in North Rhine-Westphalia, Germany on April 23, 2020. Bernd Thissen / picture alliance via Getty Images

By Jessica Corbett

Lead partners of a global consortium of news outlets that aims to improve reporting on the climate emergency released a statement on Monday urging journalists everywhere to treat their coverage of the rapidly heating planet with the same same level of urgency and intensity as they have the COVID-19 pandemic.

Read More Show Less
Airborne microplastics are turning up in remote regions of the world, including the remote Altai mountains in Siberia. Kirill Kukhmar / TASS / Getty Images

Scientists consider plastic pollution one of the "most pressing environmental and social issues of the 21st century," but so far, microplastic research has mostly focused on the impact on rivers and oceans.

Read More Show Less
A laborer works at the site of a rare earth metals mine at Nancheng county, Jiangxi province, China on Oct. 7, 2010. Jie Zhao / Corbis via Getty Images

By Michel Penke

More than every second person in the world now has a cellphone, and manufacturers are rolling out bigger, better, slicker models all the time. Many, however, have a bloody history.

Read More Show Less