The temperatures we are seeing are beyond any possible expectation, we have tripped into tipping points whose gravity can not be resisted.
Massive spikes in methane will melt Greenland ice sheet and Antartica, desalinating crucial ocean pumps which shut off the Atlantic Current which warms Northern Europe which will see the polar vortex slip and freeze most of Northern Europe in a new mini ice age, the speed of which will kill off vast vast chunks of life.
Our explosion of heat will trip tipping points which sends us into a hilarious dystopian ice age nightmare.
Until we get to that stage though, it’s the burning heat of a planet running amok.
All those forest fires you see are only going to get worse, those car yards bursting into flames will only get worse, kids passing out on poorly ventilated buses will continue – we aren’t built for this heat and as we struggle to come to grips with all of that, the insurance industry already ranks NZ as one of the worst climate change pay out country’s and we are about to be hit by insurance rates beyond peoples ability to pay.
Rich people and landowners pay insurance, poor people and renters do not, so this pain will crucify the already stresses middle classes and mortgage bled first time home buyers hardest.
Home insurance will become more expensive, more limited, and harder to get
Insurer Suncorp has told the Government there has been a “step-change” in global reinsurers’ attitudes to New Zealand.
“The step-change in 2023 is that New Zealand no longer presents only significant earthquake risk, but also significant weather risk to reinsurers,” Suncorp said in a submission, published this month, to Parliament’s inquiry into how the country is set to adapt to climate change.
The result is that the pricing and level of coverage offered by reinsurers has, and will continue to, change, Suncorp said.
Insurers like Suncorp, which owns Vero and has a majority stake in AA Insurance, and IAG, which owns brands including State, AMI and NZI, buy reinsurrance to help them pay claims in the event of massive natural disasters that would otherwise threaten to send them broke.
…the Right pretend Climate change is a socialist Hoax, or they claim it’s alarmist, the reality is the Insurance Industry who have to pay out on climate change damage are already pricing that market distortion in, regardless of what the Right wing climate deniers claim.
We have a climate denying Government hell bent on removing funding for climate change mitigation and adaptation to allow their climate change polluting mates off the hook for the costs.
As this Government moves towards opening NZ up to more mining, continues to allow gas and oil exploration while giving the Agricultural Industry a free pass on emissions, the climate events are only going too get more extreme.
NZ is now the second most expensive in the world for insurance damage from climate change.
Climate denial will generate an intensity of activism that seeks to shut down the systems that allow the polluters to keep polluting.
Expect motorway glueing and actions preventing ships, rail and transport systems of polluters to be mass attacked in wave after wave after wave of shut downs and expect the Government to use new powers aimed at Da Gangs against those protesters.
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