Exact(6)
"People often ask about the costs," said Kevin Parker, the global head of Deutsche Bank Asset Management, who tracks climate policy for the bank.
It sees technology as part of the solution and is an investor in Trimble Navigation Systems, a GPS firm that tracks climate patterns to help farmers produce food more efficiently.
For example, American farmers are taking advantage of advances in genetically modified crops to prosper in dry or wet years, said Donald Coxe, an investment strategist in Chicago who tracks climate, agriculture and energy for the BMO Financial Group.
"It's good news, but it's only good news if they don't end up changing their minds," said Kate Larsen, an Oakland-based director at the Rhodium Group, which tracks climate policies.
Projections of fire occurrence were carried out using a pair of modeling ensembles, with one scenario holding biomass structure constant at current levels (FIRENPP), and one scenario where vegetation essentially tracks climate changes (FIREnoNPP).
The fund will be part of a larger Early Warning Early Action System that tracks climate data and earth imaging to determine what areas are at risk of an imminent shock and will benefit from early intervention.
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