The Binit team have been up in London attending a talk on big data and climate change, learning how data can be used to help the global economy prepare for future climate scenarios. Recent estimates predict that even as little as a 2% increase in global temperature could cost between $70 to $100 billion annually.
The talk highlighted the growing need to adapt societies and economies to a warming world. It identified the impacts already occurring as a result of human-induced climate change, such as the increased frequency of heatwaves, erratic rainfall patterns and changes in soil degradation.
Experts from an array of different backgrounds, ranging from the British Antarctic Survey to the Met Office, discussed the various ways in which we can gather and use our climate data to shape adaptation and mitigation policies.
One of the most mindboggling elements of the talk was just the wealth of data that exists on climate change. Therein lies the problem of what to do with the data and how to effectively utilise the potential it brings.
With climate change becoming an ever more prevalent issue, it is crucial we fully understand the relationship between business and climate change: both in terms of corporate responsibility for reducing emissions, and the future financial risks associated with increasing global temperatures.
So what did Binit take away from it all? One word it could boil down to is sustainability. As a waste management company, our efforts can make a big difference. Yesterday’s talk reiterated our aspiration to make waste management a far more sustainable, and socially-conscious industry.
If you wish to find out more about the All-Party Parliamentary Group on Data Analytics you can here.