Climate change is producing new types and degrees of risk associated with severe weather, such as floods and droughts. At the same time, global food systems are undergoing new climate change related risks. Simply living with these new risks has increasingly become the norm. Market management of risk is generally not yet adapting to novel financial, social and environmental impacts. For example, some of the world's most valuable real estate in cities such as New York, London and Vancouver faces unprecedented risk from severe weather, with little change to the risk management strategies implemented. Globally, food security risk profiles are shifting. Food production systems are under threat as climate change exacerbates projected food production deficits in some areas.
Dr. Makuch proposes that a combination of novel forms of insurance coupled with behavioral risk management strategies is key to adapting to climate change risks in these areas.
This is a free, public event. Please register to save your seat.
Zen Makuch is a leading interdisciplinary researcher in domestic, European and international climate change regulation and policy. This includes drafting environment / climate change regulations and related institutional, implementation and compliance strategies. Zen provided the EU-research-led strategy for multi-sectoral climate change resilience, which became the basis for the EU's Climate Change Adaptation Strategy and legislation. More recently, he co-created the first climate change - bundled financial service product for sustainable food systems. He has provided research-led advisory services in 68 countries where he has led teams producing 122 laws passed by national parliaments as well as drafting international climate change treaty language.
This event is part of the Pacific Climate Seminar Series cohosted by PICS and the Pacific Climate Impacts Consortium.