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- OPINION - The
Hindu
Tuesday, March 29, 2016
11:31 AM
over the other kinds of events described above. With regard to extratropical
or mid-latitude cyclones and convective storms, it appears that there is little
to no confidence in attributing them to climate change.
Another confounding issue is that there is a natural variability in the
occurrence of weather events in any case, so scientists would be looking for
a signal that is over and above the natural variability. For this reason, it is
difficult for a scientist to be absolutely sure that a particular singular event
has been caused by climate change.
As efforts to improve our understanding of extreme events improve, the
ability for attribution is expected to improve. As in any other kinds of
scientific studies, the accuracy improves with various advances including
validation across different approaches, advances in modelling methods, and
the accuracy of historical records of such events.
Fat tails and insurance
Global insurance companies were among the earliest groups in the world to
ring the alarm on climate change. They are on the frontlines since their
business is to estimate the risk of extreme events and then provide
protection from their potential impacts. The profits they make arise from the
fact that such events are rare. As their frequency, magnitude and impacts
increase, the companies losses escalate. Some insurers are, in fact, limiting
their coverage to those in areas with a moderate risk to climate change
impacts and are expanding their business and activities to include solutions
to climate change.
Scientists sometimes use the term fat tail to describe extreme events. A
normal distribution curve, what we know as a bell curve, shows a lot of
variation near the average, but produces very few points at the far end of the
curve. Biological parameters such as height of Indian women or men are
examples of normal curves. In a fat-tailed distribution, on the other hand,
portions of the curve that are distant from the average are thicker, and this
implies that there is a higher chance of large deviations from the average.
Climate models generally assume a normal distribution rather than a fat tail
distribution around the mean, thus ignoring the low probability high-impact
events. Economists and some scientists have been telling us that we need to
be prepared for extreme temperature and weather events. Gernot Wagner
and Martin Weitzman explain the implications of fat tails for climate policy in
their book, Climate Shocks: The Economic Consequences of a Hotter Planet.
Many of the points discussed here may appear nuanced, perhaps not
significant, and also difficult to address within the regular political cycles of
4-5 years. But it is the extreme weather events and their incidence that are
beginning to increase our everyday experience of climate change. We do not
have the capacity to appreciate a change in average temperatures over
50-100 years, but can see what havoc an unusually intense storm or severe
drought can cause in our own lifetime.
International agreements such as the recent Paris climate pact and the global
targets for sustainable development set goals for governments and political
parties to enable nations and communities to address the risks the world
faces in the medium and longer terms. We must address anticipated risks
even before all our models become accurate enough to estimate every detail
of climate extremes. Otherwise, we will reach thresholds beyond which
making corrective improvements to deal with climate change may not yield
the protection we need.
(Sujatha Byravan is Principal Research Scientist at the Center for Study of
Science, Technology and Policy, Bengaluru.)
We must address anticipated risks even before all our models become
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We must address anticipated risks even before all our models become
accurate enough to estimate every detail of climate extremes
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