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Daily Insurance Industry News
Thursday 18th of January 2018
December 21, 2009

Munich Re head “stunned” at failure of climate change talks

by Gill Montia

Story link: Munich Re head “stunned” at failure of climate change talks

The chief executive of Munich Re says he is “stunned” by the outcome of the Copenhagen climate change conference.

Nikolaus von Bomhard has issued a statement making it clear he is more than disappointed that the 2°C goal agreed with China and India at the G8 summit was merely recognised by delegates, with no pledges made, despite the need for action being “obvious”.

Mr von Bomhard is also “baffled” that so little was achieved during the negotiations given that climate change is “a fact … and almost entirely made by man.”

According to data gathered by Munich Re, weather-related natural catastrophes have produced $ 1,600 billion in total losses since 1980, and climate change is definitely a significant contributing factor.

The chief executive is therefore advocating “a rapid resumption of talks with a small party of participants to get the negotiations moving again”.

 

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