CLIMATE CHANGE AND CARBON TRADING: NEW AVENUES FOR ACTUARIES (Submitted By: Anupam Sharma‚ Deepa Gupta‚ Subhash Goyal‚ Swati Kwatra) Executive summary The increasing risk of Climate change can be measured by the fact that natural catastrophes in 2008 cost the global economy $225 billion‚ which is one of the costliest year in the history of Insurance business. It will have an impact on Insurance sector in terms of changing pattern of mortality‚ more frequent property claims etc. Climate change
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Methane Primary Threat Considered Secondary Issue Methane (CH4) is a hydrocarbon that is a primary component of natural gas. It is a greenhouse gas present in the atmosphere‚ which affects the earth ’s temperature and climate system. Next to carbon dioxide (CO2)‚ Methane is the second most prevalent anthropogenic Greenhouse Gas. Although there is far more carbon dioxide (CO2) pollution than methane and soot pollution‚ Methane is far more potent. To what extent does Methane effect climate
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earth’s atmosphere. This occurs from the huge quantities of human carbon dioxide and also other greenhouse gasses that are added to the atmosphere every minute. Greenhouse gasses are water vapor‚ carbon dioxide‚ methane‚ nitrous oxide‚ and fluorocarbons. Some are naturally occurring but some are caused by humans burning fossil fuels. Some greenhouse gasses are a good thing. If we didn’t have greenhouse gases the average temperature of the earth
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might not be able to see all of the bad things in our environment‚ but they are for sure there. This could affect our families and our future one day. There are some problems affecting the environmental stability‚ namely- ozone depletion‚ enhanced greenhouse effect‚ global warming‚ and climate change. First‚ what is ozone depletion? Ozone depletion is defined as the thinning of the ozone layer‚ caused by a group of manufactured chemicals called ozone-depleting substances (ODS). Ozone –depleting-substances
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our environmental situation immediately. ProCon.org states that the US National Academies of Science‚ the National Aeronautics and Space Administration (NASA)‚ the National Oceanic and Atmospheric Administration (NOAA)‚ and many others‚ say that greenhouse gas levels are rising due to human activities such as burning fossil fuels and deforestation‚ which are causing significant climate changes including global warming‚ loss of sea ice‚ glacier retreat‚ intense heat waves‚ stronger hurricanes and more
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as well as its expected continuation. What is so controversial about it is the actual potential for danger and its causes. Though natural events like volcanoes and solar changes have caused small rises in temperatures over time‚ many believe that greenhouse gas emissions have a large part in this and that even if the emission levels stabilize‚ temperatures may continue rising for another thousand years or more. It is projected by the Intergovernmental Panel on Climate Change (IPCC) that the average
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atmosphere causing a buildup of greenhouse gases. The burning of fossil fuels currently accounts for about 70-90 % of human emissions that are greenhouse gases (Government of Canada). Greenhouse gas acts as a blanket surrounding the earth causing the earth to heat up and affect wind patterns‚ precipitation and storms. The recent development of technology that releases more carbon and deforestation has caused climate change to become a huge issue. As much as 40% of some greenhouse gases will last for 1‚000
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the world as we know it. Preview of Speech: Today I am here to tell you about the problems we face with global warming‚ explaining the greenhouse effect with its potential impact and what we can do to minimize global warming. BODY First Main Point: Basic Environmental Technology states the following: Global warming or otherwise known as the greenhouse effect is the contamination of the earth’s atmosphere. Carbon dioxide and other trace gases like Nitrous oxide and Methane trap heat from the
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getting warmer. It has been shown that Earth’s average surface temperature has increased 0.6C (33.8F) over the last 100 years. Greenhouse gases help keep the planet within habitable temperatures. Because the moon does not have greenhouse gases. Earth’s greenhouse gas is made up of several components. Water vapor‚ carbon dioxide‚ and ozone are the dominant stabilizing greenhouse gases. Levels of carbon dioxide‚ methane‚ and nitrous oxide have increased substantially over the last century. Carbon dioxide
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average temperature is fifty-five degrees and if it were to increase or decrease in either direction than it would be the point of no return. The increase of temperature is caused by the release of CO2 (carbon-dioxide)‚ the methane which both act as greenhouse gases‚ and the melting of the glaciers are a result. The reason for all this is human interference and disregard for Mother Nature and her limits. Cause 1 Carbon-dioxide is a gas that is released from burning fossil fuels for us most commonly
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