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Menampilkan postingan dari Desember, 2020

Why Indonesian banking need a climate scientist

Background Climate change is and will be going to be the main challenge in the upcoming decades. Certainly, such a thing brings bad impacts to our economic situation. Marine and coastal sector will be responsible for 70.82% of our potential economic loss in 2024 for approximately IDR 81.82 trillion. It mostly consists of coastal community’s livelihood (settlements and activities), public facilities, and coastal agriculture lands as around 60% of Indonesian lives within coastal area. These are worsened due to 61.38% of the poor are living within coastal area. These numbers would increase as we are on the track of the worst scenario of climate change. The graphs below depict the growing disasters related to a changed climate. Figure 1 Physical events of climate change related disasters Physical samples above (sea-level rise, storm surge, flood, etc.) are likely to be defined as the physical risk of climate change. Although the government has put a priority to tackle this slow on...