Investors are, by necessity, experts at taking calculated risks. They scan the horizon of our ever-evolving world for new and sometimes unexpected economic challenges so that they can put their money where it’s most likely to grow. Today, financial institutions are facing one economic challenge that will fundamentally change the way we do business—climate change.
Climate change is a risk that, while significant, is oftentimes misunderstood by the financial community. A warmer world introduces new, complex and interwoven layers of risks ranging from physical, financial, regulatory and reputational. So WRI and the UNEP Finance Initiative (UNEP FI) worked with more than 150 participants from the financial sector to create the Carbon Asset Risk Discussion Framework, a tool to help financial institutions undertake the difficult task of identifying and understanding climate-related risks to their portfolios.
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It’s official: India has been elected as a non-permanent member of the United Nations Security Council (UNSC) for 2021-22. Previously, the country has adopted a cautionary approach towards climate security. While it may not significantly shift its positions, global realities may trigger more openness, with an eye on multilateralism, rule of law and fairness.
75 years ago, the UN was born. In Latin America and the Caribbean, the UN looks back at several important achievements, but much work on persisting challenges still lies ahead. Increased UN engagement in three areas can make the region more resilient to future challenges.
Conflicts connected to water-security are often related to climate change issues. However, the link between water-scarcity-related risks and security challenges is not as straightforward, direct and immediate as often perceived. The online workshop ‘Mobilising decision-makers on water scarcity-induced conflict risks: The Water, Peace and Security Partnership’, organised by the European Peacebuilding Liaison Office (EPLO) and adelphi, looked into this complex relationship.
Insecurity is plaguing north-western Nigeria, due to persistent herder-farmer tensions, rising crime and infiltration by Islamist militants. Federal and state authorities should focus on resolving conflict between agrarian and pastoralist communities, through dialogue and resource-sharing agreements, while also stepping up law enforcement.