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Latest News
Launch of “Charting a New Climate: State-of-the-art tools and data for banks to assess credit risks and opportunities from physical climate change impacts”
8 September 2020 – UN Environment Programme Finance Initiative (UNEP FI) has released a report on physical climate risks and opportunities from Phase II of its Task Force for Climate-related Financial Disclosures (TCFD) Banking Program with climate risk advisory and analytics firm, Acclimatise. The report, “Charting a New Climate”, provides a state-of-the-art blueprint to support…
Acclimatise supports Macquarie to conduct climate risk heatmapping and scenario analysis exercises for TCFD disclosures and establishing materiality of physical and transition risks
By Laura Canevari Investors and asset managers are increasingly taking action to advance their transition to a low carbon, climate resilient economy and prepare for the financial impacts of climate change. Such is the case, for example, of Macquarie Group Limited, a multinational independent investment bank and financial services company headquartered in Sydney, Australia. As…
NGFS publish their guidance on scenario analysis for central banks and supervisors
By Laura Canevari The Network for Greening the Financial System (NGFS) has released a set of high level and harmonised Reference Scenarios in June, 2020. Central banks and supervisors have the responsibility to prepare for the potential impacts from climate change. Yet, there are great uncertainties regarding what climate change impacts may look like in…
Climate Financial Risk Forum releases ground-breaking guide for financial firms
By Robin Hamaker-Taylor and Georgina Wade On 29 June 2020, the UK’s Climate Financial Risk Forum (CFRF), co-chaired by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), published their guide to climate-related financial risk management. The guide draws on good practice examples from industry as well as guidelines set by relevant and…
Delivering a virtual training course on GCF project requirements in Belize
Acclimatise’s Climate Finance team, in partnership with the Caribbean Community Climate Change Center (CCCCC), has designed and launched a five-week virtual training course on GCF project requirements as part of Belize’s Green Climate Fund (GCF) Readiness 2 Support – “Building Capacity for Direct Access to Climate Finance”. One of the objectives of this Readiness support…
Arctic warming: are record temperatures and fires arriving earlier than scientists predicted?
By Christopher J White It was a grim record. On June 20 2020, the mercury reached 38°C in Verkhoyansk, Siberia – the hottest it’s ever been in the Arctic in recorded history. With the heatwaves came fire, and by the start of August around 600 individual fires were being detected every day. By early September, parts of the…
Acclimatise to speak at Climate Week Colombia 2020
Acclimatise is excited to announce its presence at Climate Week Columbia 2020, an official event of The Climate Group in partnership with the Green Chamber of Commerce, KIMSA and Brigard Urrutia, with the support of the U.S. Green Chamber of Commerce, Grupo Doble Ele, LIM (Leadership in Motion), Peace Startup Foundation, Sostenerte, Agenda Ambiental and…
Mass migration set to increase as world warms
By Paul Brown Climate change is now driving mass migration, which will only worsen unless governments take global heating seriously. There is strong evidence that deteriorating environments caused by climate change are driving millions of people to resort to mass migration in their search for a better life, both within countries and across borders. As temperatures rise…
New Documentary explores the COVD-19 and climate change nexus
On Thursday, 10th of September, a new documentary was issued on S4C looking at the effects of the current COVID-19 pandemic on the environment. Hosted by Daf Wyn and Steffan Griffiths, the documentary interviewed experts in their field to gain insights into the nexus, including Professor Emeritus Huw Cathan Davies, an Atmospheric Physicist at the…
Understanding the economic costs and benefits of urban resilience in UCCRTF cities in Bangladesh
By Matthew Savage ADB’s Urban Climate Change Resilience Trust Fund (UCCRTF) has begun working on a number of case studies looking at the economic benefits of investment in urban resilience. These studies examine the historical socio-economic vulnerability and exposure of selected cities to a range of climate impacts and stresses such as flooding and cyclone…
Risk Management in Brazilian Agriculture: Instruments, Public Policy, and Perspectives
By Priscila Z. Souza and Juliano J. Assunção Rural producers face a wide range of adverse events that expose them to potentially heavy losses. In agriculture, both natural risks – such as droughts, floods, pests, diseases, and fires – and market risks – such as price variation – are frequent. While the modernization of the agricultural sector…
COVID-19 highlights three pathways to achieve urban health and environmental justice
By Isabelle Anguelovski The pandemic is an opportunity for cities to dramatically rethink use of housing, transport and public spaces in ways that would serve all citizens, especially the socially vulnerable. Environmental justice has many health implications, and COVID-19 is no exception. As research has shown time and again, low income and minority communities are consistently exposed to…
Rivers flood, seas rise – and land faces erosion
By Tim Radford Polar melting cannot be separated from farmland soil erosion and estuarine flooding. All are part of climate change. Climate heating often ensures that calamities don’t come singly: so don’t forget what erosion can do. In a warmer world the glaciers will melt ever faster to raise global sea levels ever higher. In a…
How National Development Banks can drive climate-smart solutions in cities during COVID-19 and beyond
By Priscilla Negreiros No economy can achieve resilient and climate-smart economic growth without empowered cities. With the COVID-19 pandemic, the importance of cities is greater than ever. Urban areas will be severely impacted by the current crisis, with drastic economic consequences in the medium to long term in addition to the significant human and social…