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Extreme weather events: the investment implications
The opportunities to invest in tackling the growing challenge of extreme weather events worldwide are growing fast.
More extreme weather – witness the high incidence of hurricanes, wildfires and flooding in 2017 – looks set to boost demand for backup and portable power generation and equipment to clean up and repair large-scale damage, but will also require more long-term planning around – and investment in – storm resilience, including upgrades of water infrastructure, for example, to treat water during tidal surges and floods.
A catalogue of extreme weather events in the last 18 months
2017 was one of the most active hurricane seasons on record. The US suffered six severe hurricanes. The season is estimated to be the most costly ever, causing USD 300 billion to USD 475 billion worth of damage in the US alone. For reference, the most expensive natural event in US recorded history, 2005’s Hurricane Katrina, caused damage costing up to USD 250 billion.
From environmental tech start-ups to established infrastructure groups, the opportunities to invest in tackling the growing challenge of extreme weather events worldwide are growing fast – find out more here.