High quality data is essential if we are to achieve our global climate related goals. Sue Armstrong-Brown, Global Director of Environmental Standards and Thought Leadership at CDP, explains how data obtained through disclosure informed the Global Stocktake to be agreed at COP28 and how the world is taking action to fill the shortage of climate-related information.
Risk landscape has significantly changed in recent years, and further changes are expected in the near future. DRR have to evolve consequently.
Climate change is altering the way in which insurers offer their services. Higher premiums and lack of affordable coverage in disaster prone areas are highlighting the need for novel ways of insuring against climate change related risks.
Africa stands at the forefront of the disproportionate impacts of climate change despite having contributed minimally to global greenhouse gas emissions historically. In September, the first Africa Climate Summit aimed at finding common finance solutions to foster a green and sustainable growth for the continent. The results are summarized in the Nairobi declaration, highlighting the urgency of a strong climate finance strategy, throughout the continent and at an international cooperation level.
The African continent contributes less than 5% of global greenhouse gas emissions and its growing population suffers from some of the lowest access rates to electricity in the world. Yet, it is also home to some of the fastest growing economies and incredible renewable energy potential. Linking future growth to renewables is key to both the continent’s successful development and achieving global climate goals.
Transparency from companies and governments about climate-related information, risks and opportunities is crucial for building a resilient economy, empowering communities and creating an equal and fair society. In the era of climate change, a standardized disclosure framework to understand climate risk is not only helpful to investors, it’s also critical to companies for strategic planning.
“It is a challenge to be overcome if we want to reach our climate targets,” say global experts, investors and economists. The green premium concept helps measure progress on green technology deployment and, at the same time, establish what the next steps should be for a rapid low-carbon transition. A review of sources, definitions and data to understand a key factor in the climate transition.
It can leverage new technologies including artificial intelligence and machine learning to greatly improve the selection, processing and use of the vast amounts of climate data we currently have. The result? More informed and effective decision making from the local to the global level. Scientists, startuppers and representatives of EU institutions dialogue on funding opportunities, innovation and applications.
A team of scientists analyses the interaction between heterogeneous expectations, investment decisions and climate mitigation policymaking, examining how firms invest in low versus high carbon capital based on their beliefs about future carbon prices.
What’s at the root of carbon credits from forestry? The capacity of forests and forestry to remove CO2 from the atmosphere moves a lot of money but assessing the actual input and output of carbon remains fraught with complexity.
In our polycrisis era, the year 2023 will be decisive for the finance-nature-climate nexus. Three key upshots for net-zero law based on how policymakers (as recently Ursula von der Leyen in Davos) call financial institutions to mobilize behind future-proof pathways.
Diverse crises spanning over three different timeframes. They are interconnected and put us in the middle of a shift in power. This is the time to adapt ourselves to a “new order”, but this is also a period of crucial opportunity for moving forward. Insights from the Global Risks Report 2023.
