Bringing Climate Science to Local Decisionmakers Can Unlock Finance for Building Resilience

While it is a certainty that climate change is already affecting society, the exact timeframes and potential impacts are far from straightforward to determine. Further, the most efficient and effective actions to reduce emissions and adapt to climate impacts require complex analysis and planning, often extending beyond the capacity of government entities. A new initiative, the Science for Climate Action Network (SCAN), was launched last month to tackle these challenges head-on. And this actionable climate change data and analysis will provide critical inputs to project developers and investors as they assess the capital preservation and appreciation aspects of potential projects [...]

2020-02-20T13:16:03-05:00May 23rd, 2019|Climate Risk|

Climate Risk Disclosure is Critical – But not the Whole Ballgame

At the beginning of April, Chair of the International Accounting Standards Board (IASB) Hans Hoogervorst gave a speech expressing his views that sustainability reporting is insufficient to incite change, and that more concrete steps need to be taken to address climate change. The IASB is the premier private-sector entity establishing and governing the widely-recognized International Financial Reporting Standards (IFRS). When the IASB speaks, accountants, sustainability professionals, and ESG-attuned investors across the private sector listen – and the IASB is one of the foremost global authorities on accounting standards, which are directly upstream of corporate disclosure, lending weight to its leadership’s [...]

2019-05-13T16:08:23-04:00May 13th, 2019|Climate Risk, Greening Finance|

NGFS and Coalition of Finance Ministers for Climate Action Put Financial Markets Front and Center

April was a big month for international cooperation in the financial sector to tackle climate change. Two new supranational groups made major strides: The Central Banks and Supervisors Network for Greening the Financial System (NGFS) published its first comprehensive report on addressing climate risk through financial oversight, and the Coalition of Finance Ministers for Climate Action was formed to enable finance ministers to ramp up ambition on the Paris Agreement objectives. Framing these events, Governor of the Bank of England Mark Carney, Head of the Banque de France François Villeroy de Galhau, and NGFS Chair Frank Elderson penned an open [...]

2020-02-20T13:16:12-05:00May 7th, 2019|Greening Finance|
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