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.
In an increasingly urbanised world, global resilience cannot be achieved without cities. Separating a local from a national or international sustainability issue is increasingly difficult – be it climate change, migration, or economic development.
Climate diplomacy needs to release itself from the shackles of ‘systemic’ politics in order to achieve a climate agenda that is driven by human security interests, including equity and justice, and strengthen climate change initiatives at local, national and regional levels, in order to bridge the gap caused by the slow pace of progress at the international level.
Leaving No One Behind is the mantra of the 2019 UN-Water campaign. Foreign policy agendas of countries should apply the principle and integrate the voices of the most marginalised into the decision-making process, argues Dhanasree Jayaram.
With climate change increasingly being seen as a security issue, we ask what role the United Nations Security Council could and should play. To answer this question, we are joined on the Climate Diplomacy Podcast by UN expert and Chatham House Associate Fellow Oli Brown. In this podcast, Oli explains some of the challenges that the UN Security Council has had in tackling climate change and outlines the prospects for action in the future.