As Prime Minister Tony Abbott attends the Pacific Island Forum summit today, attention has again turned to how the low-lying islands will deal with global warming. Pacific leaders have been highly critical of Australia’s post-2020 climate target.
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.
400 million people worldwide should be insured against climate-related hazards by 2020, say the G7 leaders. This upscaling effort can build on the experiences of several climate insurance initiatives. These provide insights on how the instrument can best support effective adaptation.
The president of Kiribati, one of the world’s most climate vulnerable countries, has written to fellow world leaders asking them to support to global moratorium on new coal mines.
Transnational crime, illicit exploitation of resources, climate change, natural disasters and other factors that threatened small island developing States must be addressed globally and in the context of international stability, speakers stressed in an all-day open debate in the Security Council.
“Perhaps I’m a case study for what happens in the federal government when we start on a tough problem,” says Alice Hill, the senior director for resilience policy and the National Security Council and former senior counselor to the secretary of homeland security.
“Tackling climate change in fact represents one of the greatest opportunities to benefit human health for generations to come”, according to the co-chair of the Commission on Health and Climate, Professor Anthony Costello, director University College London Institute for Global Health. The Commission, a group of scientists convened by The Lancet journal, has published its second report on 22 June 2015.
The G7 leaders started their annual meeting Sunday during which Prime Minister Stephen Harper was expected to face discussions on a topic he has been repeatedly criticized for not doing enough about -- climate change.
The G7 Foreign Ministers can take a leading role in avoiding the increased weakening and even total collapse of states and societies threatened by fragility challenges. Resilience - understood as the existential ability of a nation or society to cope with major crises - has to become the compass for foreign policy.
This is one of the key recommendations of the recent report commissioned by interested G7 Foreign Ministries and authored by an international research consortium from Germany, France, Great Britain and the USA, led by think tank adelphi. These recommendations also fed into the final communiqué of the G7 Foreign Ministers’ Meeting in Lübeck on 14-15 April 2015.