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--></style><title>Climate will "inevitably have an impact"
on the economy</title></head><body>
<div><i>Insurance Journal</i> <font face="Helvetica Neue"
size="-1"> June 18, 2015</font></div>
<div><br></div>
<div><font face="Helvetica Neue" size="+1"><b>Insurers Stepping Toward
Greater Green Investment Footprint</b></font></div>
<div><font face="Helvetica Neue" size="-1">By Don Jergler
|</font></div>
<div><br></div>
<div
>http://www.insurancejournal.com/news/national/2015/06/18/372341.htm</div
>
<div><br></div>
<div>Excerpt:</div>
<div><br></div>
<div><font face="Helvetica Neue">More interesting was what Brader had
to say next.</font></div>
<div><font face="Helvetica Neue"><br>
He was asked hypothetically how he and QBE would react if insurance
regulators in that country someday began to direct insurers to steer
their investments into more climate friendly financial products like
green bonds.</font></div>
<div><font face="Helvetica Neue"><br>
"I have heard some of the rumblings, but I think that would be a
logical place for policy to go and we would welcome that," Brader
said. "We feel well-positioned to embrace that change and to support
that change."</font></div>
<div><font face="Helvetica Neue"><br>
So far no regulators in Australia, nor the U.S. nor Europe, have
stated intentions to require insurers to make such
investments.</font></div>
<div><font face="Helvetica Neue"><br>
Such an idea may be hypothetical now, but there is mounting evidence
that some non-green investments may be at greater risk - and there
seems to be a greater interest in looking at those risks on insurers'
books.</font></div>
<div><font face="Helvetica Neue"><br></font></div>
<div><font face="Helvetica Neue">According to an updated report from
global consulting firm Mercer, "Investing in a Time of Climate
Change," under several global warming scenarios modelled, climate
change will inevitably have an impact on investment
returns.</font></div>
<div><br></div>
<div
>http://www.insurancejournal.com/news/national/2015/06/18/372341.htm</div
>
<x-sigsep><pre>--
</pre></x-sigsep>
<div><font face="Bookman Old Style" size="-1"
color="#000000"
>====================================================================<span
></span>===============<br>
Here, at the point of water uptake by the roots of plants, begins the
problem with respect to water in the biosphere that makes all other
water problems seem trifling."</font><br>
<font face="Bookman Old Style" size="-1" color="#000000"></font></div>
<div><font face="Bookman Old Style" size="-1" color="#000000">Penman,
H.L. The<b> Water Cycle</b>.<i> Scientific American</i>, September
1970<br>
<br>
<b
>--------------------------------------------------------------------<span
></span
>----------------------------------------------------------------</b></font
></div>
<div><font face="Bookman Old Style" size="-1"
color="#000000"> "Forest-driven evapotranspiration removed from a
particular catchment contributes to the availability of atmospheric
moisture vapor and its cross-continental transport, raising the
likelihood of precipitation events and increasing water yield, in
particular in continental interiors more distant from oceans.
Š. Policy-making attempts ... must
consider the linkage of forests to the supply of
precipitation."</font></div>
<div><font face="Bookman Old Style" size="-1" color="#000000"><br>
<i>Global Change Biology</i> (2012) 18, 806-820, doi:
10.1111/j.1365-2486.2011.02589.x REVIEW</font></div>
<div><font face="Bookman Old Style" size="-1" color="#000000"><b>On
the forest cover-water yield debate: from demand- to supply-side
thinking</b>. DAVID ELLISON, MARTYN N. FUTTER and KEVIN BISHOP<br>
---------------------------------------------------------------------<span
></span>---------------------------------------------<br>
"Leonardo da Vinci's dictum, 'Water is the driver of nature,' is
justified on meteorological grounds alone."<br>
<br>
"Water vapor enters the atmosphere by evaporation (this term
includes transpiration by vegetation), and the main oceanic sources
are fairly identifiable. It leaves the atmosphere as rain or snow, and
because the precipitation may take place close to the source or
thousands of miles away, the residence time may vary from a few hours
to a few weeksŠ.The general balance of evaporation and precipitation
needs three sets of figures, one for the entire earth, one for the
oceans and one for the land surface."</font><br>
<font face="Bookman Old Style" size="-1" color="#000000"></font></div>
<div><font face="Bookman Old Style" size="-1" color="#000000">Penman,
H.L.<b> The Water Cycle</b>.<i> Scientific American</i>, September
1970<br>
<br>
</font><font face="Geneva" size="-1" color="#000000"><br>
</font><font face="Bookman Old Style" size="-1"
color="#000000"></font></div>
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