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.
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