Science and data analytics can illustrate climate-related financial risks. COVID-19 might show us what climate risk will “feel” like.

News out in the last two weeks has illustrated the dramatic impacts of COVID-19 on the overall economy.  In the US, GDP contracted by 4.8 percent in the first quarter, and unemployment is at depression-era levels. The European Commission has released forecasts for a "recession of historic proportions", projecting a 7.4 percent contraction in 2020 [...]

2020-05-12T09:56:32-04:00May 12th, 2020|Climate Risk, Greening Finance|

The Role of Securities Regulators and the International Organization of Securities Commissions (IOSCO) in Promoting Climate Risk Mainstreaming

In the shadow of our collective COVID19 experience, it is clearer that financial policy frameworks will need to be enhanced to reinforce our resilience to exogenous shocks, including those brought about by climate change. Financial policies and frameworks that promote transparent information necessary for financing for low-carbon, climate-resilient investment will be essential. Yet, the diversity [...]