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.
Initiated in 2015, the French Ministry for the Armed Forces organized the first international conference “Defence and climate: what are the stakes?”. Since then, the Ministry has been constantly adapting and developing its capacity of anticipation.
On 25 January 2019, the UN Security Council held an open debate to discuss the security implications of climate-related disaster events. The meeting, initiated by the Dominican Republic, underscored the global nature of climate-related disasters. Most speakers highlighted the need for better climate risk management as an important contribution to safeguarding international peace and security. The debate marks the beginning of a year in which climate security ranks high on the UN’s agenda.
Today, Friday 25th January 2019, the UN Security Council will hold an open debate addressing the impacts of climate-related disasters on international peace and security (at 4pm CET and 10am EST). President Danilo Medina of the Dominican Republic will chair the meeting, which will also include the participation of several member states at ministerial level.
The unabated growth of natural resource consumption raises risks that we will outstrip the capacities of ecosystems and governance institutions. At the same time, to achieve important global goals related to poverty alleviation, public health, equity and economic development such as those embodied in the United Nations Sustainable Development Goals (SDGs), we will simultaneously need more resources and better management of natural resources everywhere.