Could the G-20 Become Coherent on Climate? | Center for American Progress
August 25th, 2016
The G-20—a forum of 20 of the world’s largest economies—has a record of ambivalence on the topic of climate change. One case in point is the disconnect between the group’s efforts to address climate risks and its efforts to reduce the shortfall in global infrastructure investment. On one hand, the G-20 is aware that investing in projects that are high-carbon or vulnerable to the physical effects of rising temperatures carries risks that could have a destabilizing influence on the global economy. On the other hand, the G-20 is seeking to narrow the infrastructure gap in the absence of a guiding principle that infrastructure investments must be climate-compatible.
Climate change is ‘overblown nonsense’ and not a material risk, says industry | Professional Pensions
August, 24th, 2016
Industry does not take climate risk to heart in its investment decisions, PP research reveals.The latest Pensions Buzz poll - conducted by Professional Pensions between 22 August and 23 August among 101 trustees, scheme managers and pension professionals - found more than half (53%) did not see climate change as a financially material risk to their own or their clients' portfolios.
Enlist the Market in the Climate-Change Fight | The Wall Street Journal
August 18th, 2016
Even before the devastating flooding began in Louisiana last week, and we learned that July 2016 shattered all global temperature records, mounting data had demonstrated the growing risks climate change poses to the global economy. Whether you are an investor assessing the $2 trillion in bonds that Moody’s found carry elevated near-term climate risk, one of the nearly two million U.S. homeowners facing significant risk from climate-related flooding, or a U.S. taxpayer staring at $360 billion in direct government costs from extreme weather over the past decade—these threats are looming, large and increasing.
Climate Risk Is Poorly Represented in Company Financial Filings | Scientific American
August 11th, 2016
- Investigation shows that reports to the U.S. Securities and Exchange Commission are incomplete and inconsistent
How Funders Are Using the Power of Their Investments to Impact Climate Change | Inside Philanthropy
August 4th, 2016
Typically, foundation grantmaking pales in comparison to what’s needed to hit global climate targets. This is a crucial moment for funders to use the power of their investments—and more are doing just that. Here’s a roundup of what funders have been up to.
90+ Companies and Investors Call On Northeast and Mid-Atlantic Governors To Double Down On Their Efforts To Cut Carbon Emissions
90+ Companies and Investors Call On Northeast and Mid-Atlantic Governors To Double Down On Their Efforts To Cut Carbon Emissions | Ceres
August 02, 2016
More than 70 companies and 20 institutional investors are urging Northeast and Mid-Atlantic governors to strengthen their efforts to reduce carbon emissions from the regions’ electric power sector. The call comes as the governors of nine states meet to decide on the extension of the cap-and-trade initiative known as the Regional Greenhouse Gas Initiative, or RGGI. An extension decision could be made as early as this summer.
July 28th, 2016
State Treasurer Beth Pearce has asked the Securities and Exchange Commission to support reporting requirements for publicly traded companies to include disclosing risks to the climate.Pearce made the request July 20 in a letter asking the SEC to conduct further study on risks that climate change poses to business and to build on current disclosure practices.
Climate Change Risk Threatens 18 U.S. Military Sites, Study Finds | The Huffington Post
July 27th, 2016
Rising sea levels due to hurricanes and tidal flooding intensified by climate change will put military bases along the U.S. East Coast and Gulf Coast at risk, according to a report released on Wednesday. Nonprofit group the Union of Concerned Scientists analyzed 18 military installations that represent more than 120 coastal bases nationwide to weigh the impact of climate change on their operations. By 2050, most of these sites will be hit by more than 10 times the number of floods than at present, the report said, and at least half of them will experience daily floods.
FFI’S Annual Report on 200 largest fossil fuel companies focuses on investors, shows carbon emissions remain over 460% of world carbon budget
FFI’S Annua Reprot on 200 largest fossil fuel companies focuses on investors, shows carbon emissions remain over 460% of world carbon budget | Fossil Free Indexes (FFI)
July 27th, 2016
- FFI, a provider of financial research and products for investors seeking to understand, measure, and act on climate risks, today launched their third annual report, The Carbon Underground 2016: Managing the Climate Risks of Fossil Fuel Companies. The report analyzes the past year’s changes to The Carbon Underground 200TM (CU200), FFI’s list of the top publicly-traded coal, oil, and gas reserve owners ranked by the potential carbon emissions of their reported reserves.
Former Treasury Chiefs Tell SEC to Crack Down on Climate | Scientific American
July 22nd, 2016
Three former secretaries of the U.S. Treasury forcefully urged the Securities and Exchange Commission to manage financial disclosures related to climate change. In a letter to the SEC, the bipartisan trio of secretaries Henry Paulson (R), Robert Rubin (D) and George Shultz (R) applauded the agency for issuing in 2010 a blueprint to help businesses explain how climate change affects them. But, they said, that measure isn't enough.