BNP Paribas : How does climate change alter the risk of extreme weather events?
January 16, 2018 at 03:19 am EST
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In Otto's view, one of the major challenges to be met in the future will not only be to establish international protocols for attribution surveys, but also to increase the number of researchers in the field in order to have real operational services at hand. 'This is something politicians are asking for,' added Otto. To this end, it is critical for cities and States to work alongside scientists in a variety of fields to prepare action plans. Climate change is already having an impact on populations, and anticipating this change could save more lives.
The project funded by the BNP Paribas Foundation, co-headed by Friederike Otto and focused specifically on South Africa, draws on several areas of expertise, calling on attribution scientists with economic or sociological backgrounds to assess the potential climate risks in the region. 'Our model works very well and very quickly for certain types of events such as heavy rainfall, but for some natural disasters and for some regions, we can't do without local expertise,' confirmed Friederike Otto. From local settings to the world at large, attribution science is bringing researchers together to address the challenge of climate change.
BNP Paribas SA published this content on 16 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 January 2018 08:19:02 UTC.
Original documenthttps://group.bnpparibas/en/news/climate-change-alter-risk-extreme-weather-events
Public permalinkhttp://www.publicnow.com/view/FF49A61396323742CF73851ED60091EB11B99C97
BNP Paribas is France's largest banking group. Net banking product (NBP) breaks down by activity as follows:
- retail banking (54%): retail banking activity in France (24.1% of NBP), in Belgium (14.6%), and Italy (10.2%). The remainder of the NBP (51.1%) is from international activities and specialized financial services activities (consumer loans, real estate credit, leasing credit, car fleet management, computer equipment leasing);
- finance and investment banking (34.4%): consulting and capital market activities (83.7% of NBP; merger-acquisition consulting, activities related to the stock, interest, and exchange markets, etc.) and financing (16.3%; financing for acquisitions, projects, raw material transactions, etc.);
- institutional and private management and insurance (11.6%): asset management, private banking activity (No. 1 in France), real estate and on-line brokerage services, insurance and securities services (No. 1 in Europe for retained securities).
At the end of 2023, BNP Paribas was managing EUR 988.5 billion in current deposits and EUR 859.2 billion in current loans.
Net banking product is distributed geographically as follows: Europe, Middle East and Africa (82.9%), America (9.8%) and Asia/Pacific (7.3%).
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