<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div class=""><br class=""></div><br class="Apple-interchange-newline"><table style="color: rgb(34, 34, 34); font-family: Arial; font-size: small; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; border-collapse: collapse; border-left-width: 1px; border-left-style: solid; border-left-color: rgb(228, 228, 228); border-right-width: 1px; border-right-style: solid; border-right-color: rgb(228, 228, 228);" class=""><tbody class=""><tr class=""><td style="margin: 0px; padding: 18px 0px 12px; vertical-align: top;" class=""><span style="padding: 0px 6px 0px 0px;" class=""><a href="https://www.google.com/url?rct=j&sa=t&url=https://www.reuters.com/breakingviews/insurance-risks-will-be-proxy-carbon-tax-2024-12-27/&ct=ga&cd=CAEYACoUMTU3ODk3MTMxNDg0ODUzMzU5NjUyGjFiMDQ2Y2RiZGM0MDkwY2I6Y29tOmVuOlVT&usg=AOvVaw3PCmn9a_1_X4MPynG2kpF-" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.google.com/url?rct%3Dj%26sa%3Dt%26url%3Dhttps://www.reuters.com/breakingviews/insurance-risks-will-be-proxy-carbon-tax-2024-12-27/%26ct%3Dga%26cd%3DCAEYACoUMTU3ODk3MTMxNDg0ODUzMzU5NjUyGjFiMDQ2Y2RiZGM0MDkwY2I6Y29tOmVuOlVT%26usg%3DAOvVaw3PCmn9a_1_X4MPynG2kpF-&source=gmail&ust=1735764100423000&usg=AOvVaw2m6Xe4Il7mhdw9wBTj5fBi" style="color: rgb(66, 127, 237); display: inline; text-decoration: none; font-size: 16px; line-height: 20px;" class="">Insurance risks will be a proxy <b class="">carbon tax</b> | Reuters</a></span><div class=""><div style="padding: 2px 0px 8px;" class=""><div style="color: rgb(115, 115, 115); font-size: 12px;" class=""><a style="color: rgb(115, 115, 115);" class="">Reuters</a></div><div style="color: rgb(37, 37, 37); padding: 2px 0px 0px; font-size: 12px; line-height: 18px;" class="">A robust global price on <b class="">carbon</b> is the holy grail of climate change. If emitting activities were artificially made more expensive, proceeds from ...</div></div></div></td></tr></tbody></table><div class=""><br class=""></div><div class="">
<meta charset="UTF-8" class=""><div style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none;"><br class="Apple-interchange-newline"><br class=""></div><div style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none;">*********</div><div style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none;"><br class=""></div><div style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none;">"More than a century of ecological research on ecosystem responses to biotic and abiotic conditions has made clear that the effects of climate change can only be understood in synergy with other humanâcaused stressors, including habitat fragmentation, roads, urbanization, and disease. The waterfowl example, in particular, centers on the fact that ducks have for millennia dealt with drought conditions by moving to other wetlands; however, the plowing under of sites in the PPR [Prairie Pothole Region] interacts with climate change to leave few avenues ... "<br class=""><br class="">Steve Running and Scott Mills. (2009) "Terrestrial Ecosystem Adaption," a book chapter in Adaption: An Initiative of the Climate Policy Program at Resources for the Future.</div>
</div>
<br class=""></body></html>