Climate change will increase water scarcity, alter food production and dramatically change energy supply and migration patterns, according to a new report released by Lloyd’s, the world’s leading specialist insurance market.
Climate change and security: risks and opportunities for business, launched in conjunction with the International Institute for Strategic Studies (IISS), highlights that these changes will bring threats – and opportunities – for businesses.
Lloyd’s Chief Executive, Dr Richard Ward, said:
“Climate change will change the way we live and work, and will lead to greater competition for scarce resources, such as food and water. This is likely to result in increased economic nationalism and greater global insecurity, which will in turn add to the complexity and cost of doing business.”
Wow…this guy has some balls. To mention that shortages “such as food and water” will “add to the complexity and cost of doing business…” I mean who cares about all the death and destruction that will cause…can’t have the cost of business get higher.
He goes on to say:
“Every organization needs to have a clear understanding of its particular vulnerabilities and have in place a range of mitigation strategies. Their ability to understand what the impacts of climate change are going to be could not only protect them from threats but could also open up new business opportunities.”
Yea so you know, take a look at the world falling to pieces and see where you can get in there and make a buck.
IISS Director of Transnational Threats and Political Risks, Nigel Inkster, said:
“Climate change has the potential to act as an accelerator of global instability and has been recognized in both the USA and Europe as an issue affecting national security. Climate change could lead to increased competition between states for ever more scare resources and could in the worst case lead to inter-state conflict.”
more… ➡
– Hat tip to The Naib at The Sietch Blog for this