Climate change is the biggest health threat facing humanity, threatening the progress in development, global health and poverty reduction made over the past 50 years, according to the World Health Organization Humanity is on thin ice, and that ice is melting fast,” U.N. Secretary-General Antonio Guterres said in a video message. “The climate time bomb is ticking, but today’s IPCC (Intergovernmental Panel on Climate Change) report is a how-to guide to defuse the climate time bomb,” he added.
According to insurance and catastrophe giant Swiss Re. Natural catastrophes caused $268 billion in global disaster costs.
Swiss Re, stated that natural catastrophes caused an estimated USD 115 billion of insured losses in 2022 to date, coming in well above the 10-year average of USD 81 billion. Hurricane Ian was the single largest loss-causing event of the year to date, with an estimated insured loss of USD 50–65 billion.
Secondary perils such as floods and hail storms caused over USD 50 billion insured losses, yet again affirming their significant contribution to the global total.
Hurricane Ian and other extreme weather events such as the winter storms in Europe, flooding in Australia and South Africa as well as hailstorms in France and in the US resulted in an estimated USD 115 billion of natural catastrophe insured losses this year to date, according to Swiss Re Institute.
New report by Swiss Re showed that in 2022 is the second consecutive year in which the estimated insured losses total more than USD 100 billion, continuing the trend of a 5–7% average annual increase over the past decade. The re/insurance industry covered roughly 45% of the economic losses this year, indicating a large protection gap across the world.
Thierry Léger, Group Chief Underwriting Officer, said: “2022 has been another year of increased natural catastrophe loss activity, and demand for insurance is growing as the protection gap remains vast. To enable the insurance industry to keep up with increasing volatility and demand, it will be key to model evolving frequency and severity trends. Pricing needs to reflect the effective risk. In this complex environment, Swiss Re is ready to support clients with our strong balance sheet, risk capacity and expertise.”
The climate change is one of the most alarming issues threatening the life of the human civilization. In 2022 we have seen a series of devastating climate disasters in various parts of the world, 2022’s summer of disasters broke records worldwide.
Nature plays an immense role in every aspect of our lives and offers untapped solutions to some
of our biggest challenges. Shining a spotlight in the nature-based solutions and technology can be powerful allies. The climate crisis demands that we deploy all available, proven, science- and evidence-based solutions.
“Today, one of the greatest world issues is that people around the world are a experiencing the impacts of climate change, from severe droughts , devastating wildfires , flooding, storm and hurricane. Across the world in air, land and sea, natural habitats are deteriorating. We are losing biodiversity at an alarming rate and destabilising precious ecosystems”. Albanian Minerals CEO Sahit Muja said.
Albanian Minerals has been laser-focused in advancing the new innovative natural solutions. The green Magnesium mineral Olivine is now considered one of the finest eco-friendly building block on new world capable of removing 1 trillion tons of CO2 from the atmosphere.
Using the hydration and carbonation of olivine not only increases the energy production but also sequesters at the same time large volumes of CO2 that would otherwise be emitted, or would have to be removed by expensive technologies. The term “supergreen fuel” refers to the fact that this energy production is not associated with CO2 production, but quite the contrary, it even sequesters CO2 while producing energy.
Magnesium olivine is the greatest natural solution to date against climate change, rising sea levels, rising ocean temperatures, ocean acidification, land degradation and desertification. It’s a nature’s way of turning carbon dioxide into nutrition for all biodiversity.
A great journey of scientist for 30 years and hundreds of researches worldwide has proven that this nobel mineral Olivine is one of the finest eco-friendly building block on new world capable of removing all world’s CO2 from the atmosphere.
Albanian Minerals holds and have discovered hundreds of billions of tons of green magnesium base mineral globally, world’s highest grade magnesium olivine enough and fully capable on capture 100 percent of all carbon dioxide worldwide. This new technology under development is very cheap, scalable, and permanent.
Albanian Minerals has develop new olivine product and secure essential mineral combination to solve one of the worlds greatest problem and healthy feed all living biodiversity .
Sahit Muja said, “To feed near 8 billion people, hundreds of billions of animals, trillions of sea creators and hundreds of trillions of plants, fruit trees, grass, vegetables and others.
Albanian Minerals is working intensively to bring to the global markets this mineral combination as one of the greatest future natural supplement combination the world have ever seen.
This marvelous wonder lies at the heart and body of every living thing . Is essential for all living cells and organisms. This is the next big thing in the 21st century, a great building block of new world”.
New York City has been globally recognize the top city in the world for technology, innovation and entrepreneurship.
According to the Vesta; The Town of Southampton is implementing a beach nourishment project to replenish sand at North Sea Beach. The project includes Coastal Carbon Capture that will advance climate science research.
According to Vesta; When olivine dissolves in water, it drives the below reaction to the right, thus increasing CO2 uptake, increasing pH, and generating alkalinity. As a result, this process has the potential co-benefit of counteracting ocean acidification. Ocean acidification is the process by which increasing atmospheric CO2 dissolves in seawater, which reduces pH (increasing acidity) (upper reaction in diagram below). This reduces the ability of calcifying organisms like corals to grow and produce exoskeletons, or shells. As you can see below, dissolving olivine in water sequesters hydrogen ions into dissolved silicate (H4SiO4), a molecule that can be used by diatoms, an important photosynthesizing algae that fixes carbon dioxide and forms the base of food web.
The North Sea Beach Colony-Beach Erosion Control District (NSCB-BECD) of the Town of Southampton has the necessary permits to complete the NSBC-BECD Beach Restoration Project.
This phase of the NSBC-BECD consists of using dredged sand from North Sea Harbor Inlet and transporting 10,000 cubic yards of it to nourish the 1,400 feet frontage of North Sea Beach Colony. Then, 500 cubic yards of additional olivine sand will be placed onto the North Sea Beach Colony frontage. Olivine sand will only require 1-2 days to place.
Albanian Minerals CEO Sahit Muja said, “ The climate change threatens the lives and livelihoods of billions of people. Natural disasters, environmental degradation and extreme weather patterns disrupt harvests, deplete food supply, fisheries, erode livelihoods and spur deadly diseases”.
Sahit Muja said, “ Air pollution kills an estimated seven million people worldwide every year,Albanian Minerals mission is to create a better green future for all the people in this world. As we pursue this mission, we’re guided by our principles that ensure to make this world a better place for future generations to come”.
Sahit Muja added that; The land degradation will remain one of the most important global issue for the 21st century because of its adverse impact on agronomic productivity, the environment, and its effect on food security and the quality of life. The future of water management is the future of our planet: water is the most precious commodity on earth. Water is our most precious resource, it is an irreplaceable element of our life, industry and our agriculture. Water it is at the very heart of our existence.
“The disastrous impacts of climate change are becoming more frequent. Strengthened partnerships between governments, companies, investors, and innovators is crucial. Confronting these challenges requires a concerted global response, including increased in public awareness, investments’ in innovative solutions to change climate problems”, Albanian Minerals CEO Sahit Muja said.
The Biden-Harris Administration is committed to maximizing nature-based solutions as critical
tools in its toolbox to confront climate change and other major challenges.
The world leaders called for tangible climate action, climate change is affecting every country on every continent. It is disrupting national economies and affecting lives. Weather patterns are changing, sea levels are rising, and weather events are becoming more extreme.
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