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European Central Bank issues consultation on guidance for banks on managing and disclosing climate risks
By Robin Hamaker-Taylor On 20 May 2020, the European Central Bank (ECB) published a draft guide setting out its expectations for banks on managing and disclosing climate-related and environmental risks under the current prudential framework. The ECB wants banks to account for these risks given that they drive existing prudential risk categories and can substantially…
Understanding Physical Climate Risks and Opportunities: New practical guidance for investors launched
By Robin Hamaker-Taylor Acclimatise has led the development of a new guidance document on physical risk assessments for investors. Developed with the Institutional Investors Group on Climate Change (IIGCC), the guidance collates good practice for physical risk assessments across the stages of a typical risk assessment process. The Understanding Physical Climate Risks and Opportunities guidance…
The challenges of deploying complex financial products in the face of climate change
By Laura Canevari As countries respond to the COVID-19 pandemic, important lessons for climate action have started to emerge. In a recent article in Bloomberg Green, Kate Mackenzie reflects on the challenges of deploying complex financial products designed to attract investors and helping actors share the risks generated by large-scale disruptions. Such is the case…
Building Climate Resilience to Extreme Heat During COVID-19
By Anjali Jaiswal, Kim Knowlton, Vijay Limaye This blog originally appeared on the NRDC website. As we celebrate the 50th anniversary of Earth Day, the coronavirus pandemic puts a spotlight on climate change and health. Temperatures are already rising to 40°C (104°F) while the countries’ 1.3 billion people remain on lockdown. Government officials and health care professionals…
Heatwaves too hot and wet for human life are here
By Tim Radford Scientists who have repeatedly warned of future lethal conditions of temperature and humidity caused by heatwaves in a world of climate change have grim news: that future has already arrived. They have combed through local records to identify thousands of episodes in which the dangerous combination of high temperatures and high humidity has risen…
European Space Agency’s EO4SD climate cluster offers free webinar series on using Earth Observation to tackle climate change
The European Space Agency’s Earth Observation for Sustainable Development (EO4SD) Climate Resilience Cluster is hosting a free webinar series to provide insight about the potential of Earth Observation (EO) to support climate-resilient decision making at the regional and national scale. The seven-part series is will be hosted every Thursday at 16:00 (CEST) starting 11th June 2020. The…
Increasingly arid future faces the American West
By Tim Radford The great American West is becoming inexorably more parched, with an inescapably arid future ahead. The winter snows will be lighter, and the spring melt much earlier. The river flows will slow, in some cases to a trickle, trees will die, and catastrophic wildfires will become more frequent. Agricultural harvests will be affected,…
European Central Bank issues consultation on guidance for banks on managing and disclosing climate risks
By Robin Hamaker-Taylor On 20 May 2020, the European Central Bank (ECB) published a draft guide setting out its expectations for banks on managing and disclosing climate-related and environmental risks under the current prudential framework. The ECB wants banks to account for these risks given that they drive existing prudential risk categories and can substantially…
Understanding Physical Climate Risks and Opportunities: New practical guidance for investors launched
By Robin Hamaker-Taylor Acclimatise has led the development of a new guidance document on physical risk assessments for investors. Developed with the Institutional Investors Group on Climate Change (IIGCC), the guidance collates good practice for physical risk assessments across the stages of a typical risk assessment process. The Understanding Physical Climate Risks and Opportunities guidance…
How important is building collective intelligence to better manage systemic risks?
This is the sixth in a series of eight articles co-authored by Marc Gordon (@Marc4D_risk), UNDRR and Scott Williams (@Scott42195), building off the chapter on ‘Systemic Risk, the Sendai Framework and the 2030 Agenda’ included in the Global Assessment Report on Disaster Risk Reduction 2019. These articles explore the systemic nature of risk made visible by the COVID-19 global pandemic, what needs to change and…
Press Release: 12-step technical guidance document integrates NbS into project development
The IDB, in collaboration with Acclimatise, are launching a 12-step technical guidance document to integrate NbS into project development. A fresh-off-the-press IDB technical guidance document will help LAC-based project developers prepare bankable Nature-based Solutions (NbS) projects that provide a substitute, compliment or safeguard to conventional ‘gray’ infrastructure projects. Nature based Solutions (NbS) can play a…
Adaptation Futures webinar series highlights the need to accelerate adaptation in today’s uncertain times
A new webinar series organised by Adaptation Futures focuses on the issues of accelerating adaptation in uncertain times, climate justice and health. Designed as a precursor to the Adaptation Futures 2020 conference and an additional platform to feed into the global adaptation dialogue, the three webinars saw insightful informative discussions on topical issues by leading…
As sea levels rise, are we ready to live behind giant walls?
By Hannah Cloke Climate change, it’s fair to say, is complicated. And it’s big. One of the main challenges of responding effectively is simply getting your head around the scale of the problem. This is not unique in the study of the physical world, of course. Scientists and economists spend a lot of time simplifying…
Can systemic risks ever be effectively governed?
This is the fifth in a series of eight articles co-authored by Marc Gordon (@Marc4D_risk), UNDRR and Scott Williams (@Scott42195), building off the chapter on ‘Systemic Risk, the Sendai Framework and the 2030 Agenda’ included in the Global Assessment Report on Disaster Risk Reduction 2019. These articles explore the systemic nature of risk made visible by the COVID-19 global pandemic, what needs to change and…