[MCN] Financial Risks of Climate Change

[Lance Olsen]

Prying Open the Financial Risks of Climate Change
Newsweek
http://www.newsweek.com/financial-risks-climate-change-cop21-bloomberg-carney-paris-summit-403484

1st paragraph

"A European and an American walk into their local 
bank. Each has a savings account. The banks have 
the same antiseptic feel, their cash machines 
make the same robotic moves. There is one 
fundamental difference between the two, however 
-- how they account for the vulnerability of 
their assets to climate change."

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BioScience May 2006 / Vol. 56 No. 5 * 
© 2006 American Institute of Biological Sciences.

Biophysical and Biogeochemical Responses to 
Climate Change Depend on Dispersal and Migration 
PAUL A. T. HIGGINS AND JOHN HARTE

Abstract: Different species, populations, and 
individuals disperse and migrate at different 
rates. The rate of movement that occurs in 
response to changes in climate, whether fast or 
slow, will shape the distribution of natural 
ecosystems in the decades to come.  ....  We 
demonstrate that the effectiveness of plant 
migration strongly influences carbon storage, 
evapotranspiration, and the absorption of solar 
radiation by the land surface. As a result, plant 
migration affects the magnitude, and in some 
cases the sign, of feedbacks from the land 
surface to the climate system.
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