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.
President Xi Jinping’s announcement of a post-2030 climate target aligns with global projections for what’s needed to achieve the Paris Agreement goals.
Japan will join the EU in aiming for net-zero emissions by 2050, Prime Minister Yoshihide Suga announced on Monday (26 October).
The best resource for all of our 21st Century Diplomacy: Foreign Policy Is Climate Policy content is the official website, hosted by the Wilson Center and adelphi. But the ECC editors are also collecting the topics here for eager readers.
What exactly triggers food riots? At which point does climate change come in? And what can we learn from analyzing the lack and impotence of government action in conflict areas? In our Editor’s Pick, we share 10 case studies from the interactive ECC Factbook that address the connections between food, the environment and conflict. They show how agriculture and rural livelihoods can affect stability in a country, which parties are involved in food conflicts and what possible solutions are on the table.