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.
As hundreds of decision-makers are gathering in Marrakech to agree new standards for global migration, the United Nations climate change conference ‘COP24’ is looking at concrete ways to help countries tackle large-scale displacement caused by the impacts of climate change, including water scarcity, flooding, storms and rising sea levels.
Nigeria’s central Middle Belt region is home to a diverse cultural population of semi-nomadic cattle herders and farming communities. For decades, the region has experienced increasingly violent attacks that have been partially attributed to direct competition over access and use of natural resources.
COP24 starts today, the IPCC has published new scientific evidence on the devastating impacts of climate change, the probability that those changes will be manageable are decreasing, and, once again, there is a stalemate in international climate negotiations. Time is running out fast - or more appropriately, as UNFCCC Executive Secretary Espinosa stressed, time is a luxury we no longer have. So, actually the question is how soon is now?
COP24 might be in Katowice, but for the rest of the world it’s on Twitter. Navigating through this sea of news and expert profiles is not the easiest task, however. With this is mind, we’d like to share our favourite Twitter accounts with our followers so that you can be up-to-date throughout the event.