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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Until recently, impressive economic growth, stable leadership and its attractiveness as a foreign investment hub put Ethiopia in a positive spotlight. However, the country still ranks low in human development and is highly dependent on rainfed agriculture, making it particularly vulnerable to climate change impacts. Combined with existing tensions and inequalities, climate vulnerability can exacerbate security risks. To mitigate these linkages, Ethiopia’s leadership should support implementation of conflict-sensitive climate change adaptation policies and include climate security in its conflict mitigation strategy.
On 19 November in Dhaka, adelphi partnered with the International Centre for Climate Change and Development (ICCCAD) to hold a roundtable and discussion on climate change and fragility risks in South Asia.
One of the world’s lowest-lying countries invited international experts to discuss the security challenges related to climate change.
Nepal and Afghanistan face a number of serious climate-fragility risks, so adelphi brought together regional government officials and NGO experts for a training in Kathmandu on 9 November 2019.