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Mitigating Climate Change

MAYLAN'S PROJECTS MITIGATE CLIMATE CHANGE

What Causes Climate Change?

Fossil fuels, including coal, oil, and natural gas, have been powering the global economies for over 150 years, supplying about 80 percent of the world's energy. However, burning fossil fuels emits carbon dioxide, a greenhouse gas, which traps heat in the earth atmosphere, causing global warming and climate change.

Global Impacts of Climate Change Forecast
(US Geological Survey, US Dept. of Interior)
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​North America

Decreasing snowpack in the western mountains; 5-20 percent increase in yields of rain-fed agriculture in some regions; increased frequency, intensity and duration of heat waves in cities that currently experience them.

Latin America

​Gradual replacement of tropical forest by savannah in eastern Amazonia; risk of significant biodiversity loss through species extinction in many tropical areas; significant changes in water availability for human consumption, agriculture and energy generation.

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Europe

Increased risk of inland flash floods, more frequent coastal flooding and increased erosion from storms and sea level rise, glacial retreat in mountainous areas, reduced snow cover and winter tourism, extensive species losses, and reductions of crop productivity in southern Europe.

Africa

Between 75 and 250 million people are projected to be exposed to increased water stress; yields from rain-fed agriculture could be reduced by up to 50 percent in some regions; agricultural production, including access to food, may be severely compromised.

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Asia

Freshwater availability projected to decrease in Central, South, East and Southeast Asia by the 2050s; coastal areas will be at risk due to increased flooding; death rate from disease associated with floods and droughts expected to rise in some regions.

1.    Hotter Temperature. U.S. average temperature has increased by 1.3°F to 1.9°F since record keeping began in 1895, and is expected to continue to rise. 

2.    Wildfires. Climate change has caused increase in wildfire season length, frequency, and burned area due to increased temperatures and drought. Since 2000, an annual average of 70,025 wildfires have occurred in the US, burning over 7.0 million acres each year. Wildfires have gotten significantly more severe across California and the western United States.

3.    Extreme Weather. Heat waves have become more frequent and intense, especially in the West, while cold waves have become less frequent and intense across the nation. There have been regional trends in floods and droughts in the Southwest.

4.    Hurricanes. The intensity, frequency, and duration of North Atlantic hurricanes, as well as the frequency of the strongest (Category 4 and 5) hurricanes, have all increased since the early 1980s. 

5.    Severe Storms. Winter storms have increased in frequency and intensity since the 1950s, and their tracks have shifted northward over the United States. The Coastal states like Florida and South Carolina are most at risk of the impacts of climate change. Extreme heat, drought, inland flooding, wildfires, and coastal flooding are some of the most devastating effects of climate change. The effects of climate change can cost homeowners thousands of dollars in damages.

6.    Heavy Downpours. Heavy downpours are increasing nationally, especially over the last 3 to 5 decades. The largest increases are in the Midwest and Northeast. Increases in the frequency and intensity of extreme precipitation events are projected for all U.S. regions.

7.    Frost-Free Season. The length of the frost-free season (and the corresponding growing season) has been increasing nationally since the 1980s, with the largest increases occurring in the western United States, affecting ecosystems and agriculture. Across the United States, the growing season is projected to continue to lengthen.

8.    Ice Melt. Rising temperatures are reducing ice volume and surface extent on land, lakes, and sea. This loss of ice is expected to continue. The Arctic Ocean is expected to become essentially ice free in summer before mid-century.

9.    Rising Sea Level. Global sea level has risen by about 8 inches since reliable record keeping began in 1880. It is projected to rise another 1 to 4 feet by 2100.

10.    Ocean Acidification. The oceans are currently absorbing about a quarter of the carbon dioxide emitted to the atmosphere annually and are becoming more acidic as a result, leading to concerns about intensifying impacts on marine ecosystems. 
 

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Dry Little Washoe Lake in Nevada, July 3, 2021

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       Extreme Heatwaves in US on July16, 2023

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               Wildfires in Maui, US Aug 2023

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   Flooding in Sacramento, California Jan 2023

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  Hurricane Ian's damages  in Florida Sep 2023

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 Drought threatened wheat production in US  Midwestern Regions, June 2023

Impacts of Climate Change in US


Devastating impacts of climate change, including extreme heat, drought, inland flooding, wildfires, sea-level rise, coastal flooding, and increased hurricanes,  pose a significant threat to the economies of U.S. cities, with metro areas like San Francisco, New York City and Phoenix among the most at risk of sea-level rise, extreme heat and water stress.  Large coastal states like California, Florida and New York are especially vulnerable, while more inland northern economies will emerge only slightly worse off.  (Moody's Analytics Report, Feb 24, 2023).

Notable Natural Disasters Linked to Climate Change:

  • Hurricane Ian (Sep 29, 2022): $112.9 billion, 152 deaths, costing 7.5-10.0% of Florida’s 2022 economic output (GDP). 

  • Western and Central Drought and Heat Wave (2022): $22.2 billion, 136 deaths.

  • Wildfires in Lahaina, Maui (Aug 8 -11, 2023): $4 Billion, 115 deaths.

  • Hurricane Idalia (Aug 30, 2023):  $20 billion, 4 deaths.

  • Storm in Minnesota (Aug 11, 2023): 25,000 homes and businesses without power.

Low or Net Zero Carbon Emissions are Key to Mitigating Climate Change

Climate change is wreaking havocs in all continents, affecting the livelihood of millions of people and economies.  There is the urgent need for the business communities to evaluate the impacts of carbon emissions by their businesses and take responsible action to mitigate these impacts.  By achieving low or almost Net Zero carbon emissions, we can mitigate the impacts of climate change and build a stronger and more resilient economy against natural events and disasters, ensuring least disruption in food production, water resources, home displacements, and supply chain.

Maylan’s Investments and Developments Mitigating Climate Change

Maylan’s investments in real assets and infrastructure development mitigate the impacts of climate change because we commit to Net Zero emissions, generating and utilizing renewable energy where possible to power our infrastructure development projects, including homes, buildings, equipment, machinery, and vehicles. 

 

We build homes and factories that are energy-efficient utilizing solar or wind power, develop sustainable electric transport, and perform project planning and construction that satisfy environmental sustainability requirement. In addition, we apply environmental, social, and good corporate governance (ESG) principles in all of our decision making, investment, and development activities to respond to the need of community and protect our environment.

 

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We promote circular economy, which is a model economy that minimizes waste and recycles materials to ensure sustainable use of natural resources throughout the design and construction of our infrastructure development projects by utilizing construction materials that can be recycled and reused, such as timber, glass, and recycled materials, and by applying circular economy design and advanced construction methods for deconstruction, material reuse and recycling, and resource efficiency.  Implementing a circular economy in our planning and processes is essential in combatting climate change because global material extraction and consumption are among the top greenhouse gas emissions activities.

Maylan’s agriculture projects can mitigate the impacts of climate change in the agriculture sector by building new supporting infrastructure using renewable energy and constructing solar water supply and irrigation systems to lower carbon emission and combat drought. In addition, our projects apply innovative farming techniques, utilize  drought tolerant crops and best agriculture practices for crops and water conservation management under drought, and improve agriculture institutional framework and extension services to increase productivity and resilience in coping with climate change events to achieve the best outcome for farmers.

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Impacts of Climate Change
Record drought and abnormally cold temperatures may have put the US winter wheat crop in j

Hotter temperature results in climate change, causing extreme natural events affecting the livelihood of people in many countries in all continents, particularly those in the Horn of Africa, including drought, depletion of water resources and biodiversity in both land and ocean, heat wave, more frequent forest fires, variable rainfall, more severe and frequent storms, rise of sea level, flooding, landslide, soil erosion, home displacement from flooding and landslides, health risks from diseases, loss of agriculture crops and livestock, starvation, and poverty. 

Overall, more than 40% of the world's population, or 3.3 – 3.6 billion people, are "highly vulnerable" to effects of climate change. 

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