Science has given the Financial Sector a Clear Horizon to Act on Climate Change

From a financial perspective, the latest Intergovernmental Panel on Climate Change (IPCC) report, issued on Monday by the UN, should raise alarm bells.  The IPCC report – which reflects the consensus of ninety-one scientists from 40 countries and drawn from more than 6,000 studies – has very clearly laid out our collective time horizon:  we may have as little as 12 years before we are fully locked in to the impacts of at least 1.5°C warming, which could be reached as early as 2040 and appears increasingly certain to bring devastating consequences.  Under these circumstances, the range of damages to be [...]

2018-12-12T16:05:01-05:00October 13th, 2018|Climate Risk, Greening Finance|

To Address Rising Sea Levels and Depressed Home Values on the East Coast, Resilient Infrastructure Investment Is Needed

October 9, 2018 This weekend, Bloomberg published a stunning article on the imperiled state of Miami-Dade’s fresh water supply due to rising seas. This reportage threw into stark relief a welter of climate change-related threats to coastal communities and private real estate holdings, particularly on the Atlantic seaboard of the United States. Only clear-eyed management of physical climate risks can help mitigate the financial jeopardy facing homeowners, investors, and local governments. The case of Southeast Florida’s fresh water is particularly alarming because of the problem’s apparent intractability. Miami-Dade sits on the Biscayne Aquifer, which serves as a primary water source. [...]

2018-10-12T01:17:23-04:00October 9th, 2018|Cities, Climate Risk|

How do you make the financial business case for the private sector to invest in resilience?

October 3, 2018 Last week’s Climate Week NYC played host to 35 official events on private investment for climate change and countless satellite gatherings, from the Sustainable Investment Forum to Climate Infrastructure. The topic has gained currency as municipal governments grapple with deferred maintenance of infrastructure, public pension liabilities, and other expenditures, ten years after the Great Recession local budgets remain tight. Add to this mix a growing and urgent need for climate-proofing local infrastructure, and it’s not hard to see why government officials and policymakers are searching for solutions that share the costs of climate-resilient infrastructure investment with the [...]

2018-10-03T15:35:03-04:00October 3rd, 2018|Climate Risk|
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