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Market Brief - Climate Risk, Temperature Dynamics, and Insurance in South Africa
According to the UN’s environmental programme, greenhouse gas emissions since the year 2000 have, at least until a small reduction during the 2008- 2009 crisis, gone beyond the worstcase scenario predictions of the Intergovernmental Panel on Climate Change (IPCC). Global warming causes increasing droughts in large parts of the world. At the same time, the strength of tropical cyclones, typhoons and storms is increasing, with cloudbursts and floods washing away the fertile surface layer in previously dried-out areas. The December 2009 Climate change summit in Copenhagen was thus organised with the aim to find solutions for reducing greenhouse gases, set up an emissions verification system, and reduce deforestation.