Frank Elderson was invited for this panel and opened the session by stating that the current climate crisis requires urgent action by governments, financial sector and supervisors. 1  Fifteen of the twenty largest fires in California history have occurred since 2000, since the 1970s, there has been a fivefold increase in the annual burned area in the state.
Half of all coral reef systems in the world have been destroyed, putting a quarter of marine life at risk. In Australia, rainfall for January to August 2019 was the lowest on record in Queensland and New South Wales. Tenterfield and Stanthorpe were 77% below the long-term average.