Economic Climate Risk
Page 2
Canada’s Tar Sands Struggling
March has brought a string of setbacks for Canada’s struggling tar sands oil industry, including the further delay of two proposed pipelines, a poor forecast for growth and signs that investors may be growing wary. Read the entire article at Inside Climate News. On Friday, a federal appeals court in California refused to lift […]
Miami Taxpayers Vote to Fund Climate Adaptation
Climate change is not a distant threat for Miami; it’s a daily presence in people’s lives. The city has been fighting to stay above water for decades. It knows that its future as a vibrant international hub for business, tourism, arts and culture depends on making the city more resilient to the impact of global […]
Morgan Stanley Issues Warning re Climate Change
While governments and corporations are starting to protect themselves from the impacts of climate change, Morgan Stanley says private businesses need to do more. Read the entire article at AXIOS. What to watch: The investment bank’s strategists are recommending companies strongly consider preparing for a world with more frequent and intense weather events, […]
Climate Economic Risks Threaten Systemic Collapse
The gathering storm of human-caused threats to climate, nature and economy pose a danger of systemic collapse comparable to the 2008 financial crisis, according to a new report that calls for urgent and radical reform to protect political and social systems. Read the entire article at The Guardian. The study says the combination of […]
Corporations Assess Risks / Opportunities in the Age of Climate Change
Bank of America worries flooded homeowners will default on their mortgages. Disney is concerned its theme parks will get too hot for vacationers. AT&T fears hurricanes and wildfires may knock out its cell towers. Coca-Cola wonders if there will still be enough water to make Coke. Read the entire article at Bloomberg. As the […]
Investment Funds Urge Action on Climate Change
A global group of 415 investors managing $32 trillion in assets just released a combined statement urging governments to accelerate their actions to mitigate climate change. Read the entire article at Forbes. The group warns that ignoring action against climate change could cause permanent economic damage up to four times the size of the […]
Effects of Climate Change on Wine Production
At the day-long conference, Bordeaux in America: The Climate Disruption, four academics detailed the ways in which the climate has changed and will continue to change, as well as the implications for the North American wine industry. They claimed that within 30 years, many vineyard locations within Napa Valley will simply be too warm for […]
Up to 30% of Manageable Assets Globally at Risk to Climate Change
Climate change could soon be “the defining issue for financial stability” according to Mark Carney, governor of the Bank of England and former head of the Financial Stability Board, the international body established to make recommendations to prevent financial collapse. To take that out of econo-speak: Failure to fully comprehend climate risks — droughts, floods, […]
China’s Belt and Road Initiative is Poised to Transform the Clean Energy Industry
Even as the Trump administration has introduced policies to undermine U.S. renewables, China is making a long term pivot that will transform its expansive energy infrastructure. The largest infrastructure project in history, BRI includes a vast economic “belt” made up of six overland corridors and a new “Maritime Silk Road” linking a chain of seaports […]
The World is Dangerously Lowballing the Economic Cost of Climate Change
Leading global forecasts widely underestimate the future costs of climate change, a new paper warns. Current estimates for how much climate change will cost take different forms. One recent study looked at projected damage by U.S. county, finding that some counties in low-lying Florida, for example, would see costs of up to 30 percent of their […]
