Mind the Protection Gap: Where Finance Fits in Solving the Climate Vulnerability of the Poor

Last week, an opinion article in the Washington Post by Robert Samuelson somewhat skeptically noted that recent announcements by BlackRock and other financial institutions were not a substitute for strong, unequivocal policy direction to address climate change. Samuelson was correct on one front: There is a desperate need for policy to align with, reinforce, and accelerate a low-carbon, climate-resilient transition. But we also need the financial sector to step up, and as we noted in a blog earlier this month, BlackRock’s announcement puts a marker down that the pathway for seeking solid investment returns runs through good climate risk screening [...]

2020-06-23T17:19:01-04:00January 31st, 2020|Climate Risk|

Addressing Climate Change: The Financial Sector Reaches a Tipping Point

As the toll of climate risk events climbs, the finance sector is at a crossroads of conventional wisdom and best practices. This year, in the weeks following devastating Australian fires and unprecedented flooding in Indonesia, climate-related risks dominate the World Economic Forum’s Global Risks Report 2020 top five long-term risks. The experts who inform the annual WEF survey likewise highlight climate-related risks are among the most important short-term risks. In short, climate risks are here now. And they are gravely serious for the economy as well as the planet: A new paper from the Bank for International Settlements, the central [...]

2020-02-20T13:14:08-05:00January 23rd, 2020|Climate Risk, Greening Finance|
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