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The Global Risks Report 2018
Each year the Global Risks Report works with experts and decision-makers across the world to identify and analyze the most pressing risks that we face. As the pace of change accelerates, and as risk interconnections deepen, this year’s report highlights the growing strain we are placing on many of the global systems we rely on. […]
Climate Change is Our Most Pressing Security Threat
The newest U.S. National Security Strategy was released last month, and it misses the mark in one particularly worrisome area: the threats related to climate change and global warming, which were all but ignored. Read the entire article at Bloomberg View. By following this path, the U.S. is not only surrendering a position of global leadership on […]
Why Voluntary Climate Risk Exposure is Going Mainstream
What will it take for major corporations to take climate risks seriously, making sustainability reporting a routine part of financial filings? The G20’s Task Force on Climate-related Financial Disclosures (TCFD), a global push by investors and companies to include information about these exposures in mainstream reports to regulators, is helping companies make that transition on […]
Climate Liability Suits Gained Traction in 2017 with Bigger Goals Ahead
A look back at the major legal cases of 2017 reveals a trend toward courts as a vocal arbiter in how governments and corporate giants address climate change. Around the world, judges have shown a strong interest in hearing arguments that government officials and business leaders are responsible for global warming and need to reduce […]
200 Financial Firms Pledge to Disclose Climate Change Business Risks
The 200 institutional investors, insurance giants, and pension funds manage a combined $81.7 trillion. Read the entire article at Business Insider. Over 200 firms pledged to regularly report the risk climate change poses to their business, and make progress on initiatives to reduce their impact on the planet. These reports — much like quarterly-earnings reports — […]
The Future of U. S. Flood Insurance
2017’s hurricane season revealed an astounding lack of resiliency in the U.S. on many levels. Hurricanes Harvey, Irma and Maria laid bare fundamental inadequacies of the current flood insurance program. Too few homeowners had flood insurance in place. Federal Emergency Management Agency (FEMA) flood maps inadequately represent actual flood risks and, even more importantly, outreach programs […]
China is Building Solar Roadways
Transparent concrete sits atop solar cells that charge electric vehicles driving on the road. Read the original article at electrek. The Jinan City solar highway is formed with three layers. The top layer is a transparent concrete that has similar structural properties with standard asphalt. The central layer is the solar panels – […]
2017 Shatters Records with $306 Billion in Damages from Climate-Linked Disasters
The nation’s third-hottest year on record is now officially its costliest for billion-dollar natural disasters. Sixteen $1 billion-plus weather and climate-related events killed at least 362 people. The United States suffered its worst wildfire and hurricane seasons in modern history, according to a report released Monday by the National Oceanic and Atmospheric Administration. Read the entire article at The Huffington Post. […]
BP Invests $200 million in Solar Developer
In 2011 Carbon Tracker first posited its “carbon bubble” theory, warning of vast stranded assets in fossil fuel industries if global temperatures are to remain “well below” 2 degrees Celsius. Since then, oil prices have plummeted, just as the global green economy has surged, with solar and wind power becoming some of the cheapest sources […]
Insurance Giant AXA Divests from Fossil Fuels, Increases Green Investments
One of the world’s biggest financial services companies is both dumping investments and ending insurance for controversial US oil pipelines, taking fossil fuel divestment to a new level. Read the entire article at The Guardian. AXA is also quadrupling its divestment from coal businesses and increasing its green investments fivefold by 2020. The moves […]
