Thailand's Insurance Risk From Global Warming

With USD one trillion in exposed assets, Thailand ranks 6th in the world as an insurance risk to the effects of global warming, according to a report from Allianz and WWF.
 
With it's low-lying position in the Chao Phraya delta, and with the sinking of the city due to water being pumped from the ground over the last few decades, Bangkok figures 9th in the world as the most exposed city in terms of assets exposure.
 
Any businesses and individual owners of property in Thailand should read this report carefully. When insurance companies stop insuring a property, or dramtacially increase the insurance cost, finding customers and buyers will become increasingly difficult.
 
The task is huge. We have to talk to our leaders in Thailand, convince them, and get them to convince other countries to define clear policies at Copenhagen.
 
According to the report, 14 of the top 20 cities with the highest increase in exposed assets are in asia, representing an approximate USD 15 trillion. These include New York, Tokyo, Hong Kong, and Shanghai - all major trading centres.
 
The cost of inaction vs the cost of action is now in our hands, and we have the solutions available to reduce CO2 emmissions. We have to implement them now.

How are you protecting your business against future climate risk? Are you taking the necessary steps to minimise your footprint now?

This post was contributed by Denis Ethier, founder and CEO, Green Networking Days