Financing Climate-Resilient Community Infrastructure in the Age of Adaptation

Stakes are high for communities that have already started experiencing extreme rain, storm events, or wildfires. In the past three years, climate damage has cost the world $650 billion, two-thirds of which was covered by North America alone, and if trends continue, the damage could reach hundreds of billions of dollars just in the United States by 2090. But how well prepared are these communities for the age of adaptation? Frontline communities are acutely aware of the numerous ways climate change can impact local economies, jobs, and livelihoods, including in terms of business interruption, loss of income and economic activity, [...]

2020-02-20T13:14:16-05:00December 12th, 2019|Cities, Climate Risk|

Signals that Financial Policymakers in the U.S. are Starting to Focus on Climate Risk

To say that climate change has the potential to threaten financial stability is not news. 2020 will mark five years since Mark Carney’s famous speech about the Tragedy of the Horizons, which highlighted the short-termism inherent in most financial decision making – both by investors and policymakers – as perhaps the single biggest barrier preventing the full integration of climate considerations into the financial system, and thus an often overlooked potential risk. Much “issue spotting” on the topic of the financial risks from a warming planet has been done since then, including the groundbreaking work of the Task Force on [...]

2020-02-20T13:15:41-05:00December 3rd, 2019|Climate Risk, Greening Finance|
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