Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
iStock 13319649733 - Business Express
words ESG on a wood block and Future environmental conservation and sustainable ESG modernization development by using the technology of renewable resources to reduce pollution and carbon emission.

Cervest’s Climate Intelligence reveals thousands of buildings in Dublin at risk of coastal flooding by 2100



London, May 12th, 2002 – At today’s Dublin Climate Summit 2022, Climate technology company, Cervest, releases a 3D data visualisation which reveals that, in a ‘business as usual’ climate scenario, thousands of buildings in Dublin will be at risk of coastal flooding by 2100.

Using Cervest’s advanced data visualization capabilities, the image shows that over 8,500 buildings will be affected by coastal flooding in Dublin’s Central Area, to an average depth of 1.7 meters. Damaged areas will include businesses (hotels, museums, financial district), private property (residential homes) and energy suppliers (power stations).

Cervest’s latest visualization demonstrates that if left unabated, the magnitude and the consequences of inaction on a local level will have a devastating effect on cityscapes and infrastructures, creating negative economic and social consequences.

It reinforces the importance of keeping global heating to a minimum and that the places we know and take for granted as ‘permanent fixtures’, are today part of a fragile and interconnected system that is being transformed by climate change.

Cervest’s data visualization team offers these additional perspectives on the image:

  •     This image considers only the risk associated with coastal flooding. When other climate hazards are added, such as extreme heat and wind stress. increasingly larger areas of Dublin will be affected
  •   This visualization shows a business as usual climate scenario. If mitigation policies, such as making good on national emissions reduction commitments, deforestation pledges and implementing mandatory legislation on reporting standards are applied in the near future, this scenario might change. Even so, there is a lot of inertia already in place based on prior climate events and human actions (and inactions), so damages are inevitable. Even if we reach Net Zero tomorrow, physical risk is already locked into our system due to past actions.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

Globally, physical assets worth $2.5 trillion are already at risk from climate change. And  these economic losses associated with Climate Change are expected to rise to $23 trillion by 2050.

At the Dublin Climate Summit, Cervest will make the case that whilst achieving Net Zero is now essential; business and governments can no longer afford to ignore ‘physical risk’ (the impact of climate change at a physical asset level).

Cervest Founder and CEO, Iggy Bassi, said, “You don’t need to be a climate scientist to understand this powerful image. It makes a global problem relatable on a local level. My city is going to look like this … unless we take action.”

He continued, “Cervest’s science-backed Climate Intelligence enables a view of connected assets across multiple scales. Using these insights, decisions can be made across multiple timeframes, climate hazards and emissions scenarios. Pinpointing where we are most vulnerable is the first step in reducing our exposure to climate risk.”

At the Dublin Climate Summit, Iggy Bassi will join experts in climate and finance, to look at the emerging role of CIimate Intelligence in measuring climate risk and mitigation, and how global firms are managing climate-related financial risk, including Ireland’s approach to climate-related disclosure regulations.

Dublin Climate Summit starts at 9am, 12th May, and visitors can attend in person or virtually.

For more information, please see Cervest’s website here


Recent Post: