Swiss Government Study Predicts Billions in Climate Change Costs
What happened
A government study released by the Federal Office for the Environment projects that climate change could cost Switzerland billions over the coming decades, under various climate scenarios extending to 2060. The research primarily assessed risks associated with heatwaves and droughts. The Federal Office for the Environment noted that the total costs could be significantly higher than the study indicates because it does not cover all climate-related risks.
From thelocal.ch
Why it matters
The findings highlight major long-term financial risks to Switzerland related to climate change. This follows previous reports that highlighted the need for a national climate adaptation strategy in Switzerland.
Reports emerged on August 16 that there is a need for a national climate adaptation strategy in Switzerland.
From thelocal.ch
Who's involved
- Federal Office for the EnvironmentFederal Office for the Environment, which conducted the study on climate damages.
- SwitzerlandSwitzerland, the country subject to the climate change cost predictions.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SBBSpeculative
SBB might face increased operational costs due to supply chain pressure from fuel shortages and supply deterioration.
Keep exploring
The entities involved
-
Switzerland
country in Central Europe
- Syngenta Group, headquartered in Switzerland, is experiencing growth in crop protection sales across Europe following its acquisition by ChemChina in 2017.
- An audit scrutinized the management and governance of Swiss defense contractor RUAG MRO, after a former employee transmitted drawings to Germany.
-
Federal Office for the Environment
Swiss environment agency
Nothing else this week.