June 6, 2019
Regular denizens of this region of the blogosphere know that I frequently write about climate change. Today is another one of those days.
Two items of note in the news:
One, according to a new analysis of corporate disclosures by the CDP, an international nonprofit, many of the world’s largest companies are preparing for the “prospect that climate change could substantially affect their bottom lines within the next five years.” This impact could come through a large number of channels, including disrupted supply chains, droughts that make it harder for borrowers to repay loans and increasing costs of cooling data centers. Trillions of dollars hang in the balance, per early estimates.
Two, the Brazilian Amazon rainforest lost 739 square kilometers to deforestation in May — or the equivalent of two soccer fields a minute. It’s the worst rate of deforestation since the current satellite monitoring methods began, and is “prompting concerns that president Jair Bolsonaro is giving a free pass to illegal logging, farming and mining.”
This is not good.