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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, [...]

2019-05-23T09:58:20-04:00May 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 [...]

2019-05-07T16:15:04-04:00May 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 [...]

2018-12-13T10:03:32-04:00December 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 [...]

2018-11-24T21:07:25-04:00November 24th, 2018|Greening Finance|

Science has given the Financial Sector a Clear Horizon to Act on Climate Change

From a financial perspective, the latest Intergovernmental Panel on Climate Change (IPCC) report, issued on Monday by the UN, should raise alarm bells.  The IPCC report – which reflects the consensus of ninety-one scientists from 40 countries and drawn from more than 6,000 studies – has very clearly laid out our collective time horizon:  we may [...]

2018-12-12T16:05:01-04:00October 13th, 2018|Climate Risk, Greening Finance|

To Address Rising Sea Levels and Depressed Home Values on the East Coast, Resilient Infrastructure Investment Is Needed

October 9, 2018 This weekend, Bloomberg published a stunning article on the imperiled state of Miami-Dade’s fresh water supply due to rising seas. This reportage threw into stark relief a welter of climate change-related threats to coastal communities and private real estate holdings, particularly on the Atlantic seaboard of the United States. Only clear-eyed management [...]

2018-10-12T01:17:23-04:00October 9th, 2018|Cities, Climate Risk|

How do you make the financial business case for the private sector to invest in resilience?

October 3, 2018 Last week’s Climate Week NYC played host to 35 official events on private investment for climate change and countless satellite gatherings, from the Sustainable Investment Forum to Climate Infrastructure. The topic has gained currency as municipal governments grapple with deferred maintenance of infrastructure, public pension liabilities, and other expenditures, ten years after [...]

2018-10-03T15:35:03-04:00October 3rd, 2018|Climate Risk|

As Climate Risk Looms for the Financial Industry, Governments at all Levels Spring into Action

September 12, 2018 True market transformation often requires parallel and, in a perfect world, coordinated efforts by both policy makers and industry.  The financial sector plays a key role in catalyzing these efforts.  More often than not, this effort requires true leadership, courage, and vision that cannot be taken for granted. This week’s Global Climate [...]

2018-10-03T15:36:22-04:00September 12th, 2018|Climate Risk|