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.
Parametric risk insurance—insurance policies that use environmental measurements, such as wind speed or the amount of rainfall, to trigger an immediate payout—can play a key role in reducing the risks of climate change in developing countries.
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.
This report by the UK-US Taskforce on Extreme Weather and Global Food System Resilience highlights an increasing risk to global food production represented by extreme weather events such as heatwaves, droughts and floods.
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.
The report Climate Change: A Risk Assessment argues that the risks of climate change need to be considered on a par with risks to national security, financial stability, or public health.
The Grantham Research Institute, in collaboration with the Department of Geography and Environment (LSE), will host a public lecture featuring Professor Scott Barrett, Lenfest-Earth Institute Professor of Natural Resource Economics at Columbia University. Professor Barrett is a leading scholar on transnational and global challenges, ranging from climate change to disease eradication. In this lecture he will examine the economics of the Paris Climate Summit in December.
The “World Symposium on Climate Change Adaptation” will focus on “innovative approaches to implement climate change adaptation”, and will contribute to the further development of this fast-growing field.
“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.
This report by Australia’s Centre For Policy Development (CPD) outlines vital actions Australia’s defence establishment can take now to manage climate security risks prudently.
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.
Climate change is a threat to international security, France's influential Environment Minister Segolene Royal warned Saturday — adopting an unusually hawkish stance as she heads to the U.S. to push for a global deal on reducing emissions at a landmark Paris conference this year.