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.
Pakistan’s unprecedented climate shocks make it clear: regional cooperation for managing shared waters is desperately needed. To halt the increasing impacts on agriculture and livelihoods that cripple the country’s economy, diplomacy is of paramount importance. In our interview, Moeen Khan explains how territorial and ethnic tensions with India hinder much-needed transboundary solutions – and how the international community can help.
Environmental defenders in Brazil are at risk — last year, 57 were assassinated and the numbers are increasing. The UN has launched a new initiative to address the escalating violence. This article shows the challenges faced by an activist from the Amazon region who fights for justice, and it notes how the Brazilian government can save lives while preventing unregulated exploitation in the region.
Changes are occurring that could make climate action a driver of the domestic agenda for economic and social progress and for international cooperation. With the help of market forces and technological advances, the tide is moving toward climate action. Paul Joffe argues that a key to success is a strategy that draws public support and makes climate policy a force in a larger industrial renaissance.
The world can achieve slower climate warming, preventing temperatures from rising by more than 1.5˚C, a global scientific panel says. But time is short.