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|

Cities Should Bank on Climate Resilience

By Andrew Eil & Stacy Swann This week, the Rockefeller Foundation’s 100 Resilient Cities (100 RC) program is convening nearly 500 urban resilience leaders from cities around the world, including 80 Chief Resilience Officers, in New York to discuss, share, and develop new resilience solutions for cities. In our last blog post, we discussed the [...]

2017-07-28T12:09:32-04:00July 28th, 2017|Cities, Climate Risk|

Reflections by Alan Miller: Election Implications for Climate Change Policy

Watching the election results from a hotel in Marrakech, the site of the latest climate negotiations, was a sobering experience.  To realize that the future of the planet may now be so influenced by a person who has called climate change a “hoax” promoted by China to undermine our economy.  Like many of my friends, [...]

2016-11-28T12:47:34-04:00November 28th, 2016|Climate Risk|

Infrastructure Is Local – Financing Resilience Must Be, Too

By Andrea Colnes and Stacy Swann When the costs are tallied, Hurricane Matthew will become the thirteenth extreme weather event of 2016 in the United States to cost more than $1 billion in damages, including four flooding events and nine severe storm events.  The damages here and abroad from Matthew will affect entire communities – [...]

2016-11-18T17:52:28-04:00October 11th, 2016|Climate Risk, International Climate Finance|

Climate Risk: The Ultimate Threat Multiplier for Sustainable Development

By Alan Miller & Stacy Swann Odds are, wherever you live, your climate is changing.  It may be hotter and drier, with more drought and wildfires, or you may be experiencing more severe storms and extreme rainfall.  You may notice it, or you may not, but the folks at NASA are keeping track, and August [...]

2016-09-16T15:18:21-04:00September 16th, 2016|Climate Risk|

Blending Finance for (Climate) Resilience

Let’s review a few of the more striking facts about our climate to emerge in the last week: In 2015, the planet was the warmest ever recorded. By a long shot. Global sea levels are at their highest since satellites began recording those levels in 1993, up an alarming 2.75 inches. While many parts of [...]

2016-11-18T17:52:29-04:00August 10th, 2016|Climate Risk|

Time to Pick Up the Pace: Climate Change, Risk, Resilience

The world is warming. About that there is no doubt. 2015 was a hot year – the hottest on record. The first two months of 2016 continued to shatter temperature records. In February, we crossed the 1.5°C threshold, meaning average global temperatures that month passed what many governments say should be the limit, that of [...]