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.
For the complete article, please visit the World Resources Institute's Blog.
The momentum for climate action we are witnessing is extraordinary. Throughout 2019, millions of people took the streets all around the world to join the youth climate movement's school strike. Yet at this year’s most important climate politics meeting, the UN Climate Action Summit in New York, most governments were far from committing to sufficient action to avert dangerous climate change. Dr. Beatrice Mosello and Dr. Virginie Le Masson explain how to move things forward.
Climate action is best achieved through multilateral efforts involving an array of actors and stakeholders. The news coming out of climate talks can also be as wide and varied. To keep you posted on the latest happenings surrounding COP25 we'd like to share with you 10 of our favourite Twitter accounts.
If the United Nations is to effectively deal with climate-related security risks, it needs expert support from every region. That’s where the Climate Security Expert Network comes in.