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 [...]

2020-02-20T13:13:13-05:00January 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 [...]

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

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 [...]

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 [...]

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

Adjust, Align, Accelerate: What the Financial Sector Must Do to Deliver Resilience to Climate Change

Across the globe, physical climate impacts have become more pronounced and damaging in recent years, with grave implications for many vulnerable people and societies. The four-year period between 2015 and 2018 has been confirmed as the hottest on record and was replete with extreme weather triggered or exacerbated by climate change that negatively affected, and [...]

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, [...]

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 [...]

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 [...]

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

Filling Gaps in the Financial Ecosystem for Energy Access Requires Financing the Last Mile

Sub-Saharan Africa, a land of abundant energy resources and roughly 750 million people, is the least electrified region in the world. Two out of every three people there are in desperate need of reliable and affordable energy supply to power their homes and workplaces. Across the region, 60% of the population lives in rural areas [...]

2018-12-13T10:03:32-05:00December 13th, 2018|Greening Finance, International Climate Finance|

The Global Cooling Prize and Montreal Protocol take Steps to Unlock the Potential of Cooling Efficiency

On Friday, November 22, the U.S. government released volume two of the fourth National Climate Assessment, which underscores staggering climate damages to the country that loom in the near future. NCA4 also calculates that aggressive risk mitigation actions can avoid $500 billion in adverse effects annually by 2090 in the United States alone. In addition [...]

2018-11-24T21:07:25-05:00November 24th, 2018|Greening Finance|