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.
The European Parliament yesterday, 3 July 2018, voted for a report on EU Climate Diplomacy and emphasized the EU’s responsibility to lead on climate action as well as conflict prevention.
As Day Zeroes are becoming commonplace across the world, India needs to prepare itself for its worst-ever water crisis by establishing a network of water policies and programmes, ranging from community engagement to multilateral/bilateral collaboration.
It’s that time of the year: once again the Climate Diplomacy Week provided the space for EU delegations around the world to engage with communities and partner organisations on issues of climate change.
High Representative for Foreign Affairs and Security Policy Federica Mogherini hosted on 22 June 2018 an unprecedented high level event - Climate, Peace and Security: The Time for Action - which drove home both the urgency and importance of tackling the risks that climate change poses to security and peace. Ministers from around the world, top United Nations officials, and leading experts testified to the many real and potential security threats deriving from climate change.