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 – their housing, businesses, and major infrastructure, including power plants, roads, water and bridges.  In August, an extreme flooding event brought more than 25 inches of rain in two days to Baton Rouge, Louisiana, damaging more than 100,000 homes and costing the economy more than $10 [...]

2016-11-18T17:52:28-05:00October 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 was another record breaker. Our ability to create a sustainable, poverty-free future – as envisioned by the UN’s Sustainable Development Goals – depends on understanding how these changes will affect the essentials that we all rely on: water, food, energy, and infrastructure. It depends on [...]

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 the world saw above-normal rainy seasons, which led to major floods, the amount of land surface globally experiencing severe drought increased from 8% in 2014 to 14% in 2015, indicating extremes in the Earth’s water and precipitation cycles. In the first six months of 2016, [...]

2016-11-18T17:52:29-05:00August 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 a world 1.5 degrees warmer than pre-industrial times. The National Oceanic and Atmospheric Administration (NOAA) also just reported the largest 12-month jump in carbon dioxide concentrations ever, with global concentrations rising by 3.76 parts per million (ppm) to 404 ppm. “Carbon dioxide concentrations haven’t been [...]

Green Banks, Greening Banks and the Sustainable Financial System

By Andrea Colnes and Stacy Swann - Coalition for Green Capital & Climate Finance Advisors   We are in the second week of the UN Climate Summit in Paris, and while we wait for the negotiators to finish their hard work, private sector and finance continue to show they are ready and prepared to increase their efforts and do their part to address climate change. Just this weekend, major businesses stepped up their pledges to do more to address climate change, including Unilever, L’Oreal, Virgin Atlantic and Harley Davidson, among others. All very good news. Yesterday, two new climate finance [...]

Building Climate Resilience into Investment Choices: Time for a “Koh”?

The Paris Climate Conference is underway, and the announcements, pledges and statements of leadership are starting to roll in, and some of them are fairly impressive. In the opening day alone, Bill Gates and a powerful list of fellow billionaires announced the creation of the Breakthrough Energy Coalition, aimed at accelerating the pace and scale of affordable, clean energy solutions. This is significant in part because it is a commitment by private investors to finance projects just past the R&D stage and bring them to commercial viability, helping them avoid the “valley of death” that exists between basic research and [...]

2016-11-18T17:52:29-05:00December 3rd, 2015|Climate Risk, International Climate Finance|

Climate Risk and Market Signals: Why Paris Matters

While the East Coast of the US avoided a direct hit this weekend by Hurricane Joachim, it was still a not-so-welcome reminder that we may not be as ready as we should be for as severe weather events that will likely become the norm (and not the exception) thanks to a changing climate. My work is not weather forecasting but finance and specifically the nexus of climate change and finance. Given the attention climate change is now getting with these more frequent weather extremes many people ask why is it that so little finance flows towards “climate smart” investment. The [...]

2016-11-18T17:52:29-05:00October 5th, 2015|Climate Risk|
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