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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Colombia’s long-standing internal conflict and the country’s contribution to climate change share one common root cause: land concentration. Policies to strengthen access to land and to ensure sustainable land use might therefore hold the key to promoting peacebuilding in Colombia, while simultaneously reducing emissions.
As disasters wreak havoc all over South Asia, health impacts have increasingly emerged as a major concern for communities and governments in the region. It underscores the need for concerted efforts towards building synergies between the Paris Agreement, the Sendai Framework for Disaster Risk Reduction and the 2030 Sustainable Development Agenda, particularly now, in the post-disaster reconstruction phase, to ensure “building back better” and future disaster prevention.
In the Inner Mongolian county of Horinger, Northwestern China, afforestation efforts have transformed a barren, dusty landscape into a pine forest. Planting trees has diminished the sandstorms, boosted biodiversity and improved the environment generally. As the climate emergency worsens, the potential for planted trees to draw carbon out of the atmosphere is being re-examined. What can the world learn from the Chinese experience with afforestation?
Two events in August 2019 underlined the complexity of paving the way to a climate-neutral world: the publishing of the new IPCC report and the Amazon fires. Both events demand that climate diplomats move beyond a narrowed focus on energy in decarbonisation debates.