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.
A new publication on SDGs and foreign policy, prepared by researchers at the German think tank adelphi, highlights a phenomenon I call this the ‘Great Splintering’ – the fracturing of political will for collective action on the global stage. This article outlines five steps we could take to revive multilateralism.
Satellite analysis shows ‘vanishing’ lake has grown since 1990s, but climate instability is driving communities into the arms of Boko Haram and Islamic State. Climate change is aggravating conflict around Lake Chad, but not in the way experts once thought, according to new research.
At a meeting of the Arctic Council, secretary of state Mike Pompeo refused to identify global warming as a threat, instead hailing an oil rush as sea ice melts. The US refused to join other Arctic countries in describing climate change as a key threat to the region, as a two-day meeting of foreign ministers drew to a close on Tuesday in Ravaniemi, Finland.
Around 1.6 billion people depend on forests for their livelihood, and about 2.6 billion people rely directly on agriculture. Deforestation, land degradation, and unsustainable management of ecosystems threaten those livelihoods and may contribute to resource-related conflicts and social unrest.