Passengers were shut out of some of the country’s busiest train stations during the Friday evening rush hour, while hundreds of thousands of homes were left without electricity after what the National Grid described as a problem with two generators.
The acquisition is therefore aimed at solidifying Moody's commitment to "promoting transparent and globally consistent standards for evaluating environmental, social and governance (ESG) risks and opportunities," the company announced last week.
The hot weather seen in the Netherlands and France was made up to “100 times more likely” by climate change, the study finds.
And the heat in Cambridge in the UK – which saw a new country-wide record of 38.7C in July – was made around “20 times more likely” by human-caused warming
Companies that don’t adapt, including companies in the financial system, will go bankrupt without question
Dr Paul Fisher: “It will take some time, but the disclosure of climate-related risks is going to become mainstream.”
Three studies published in Nature and Nature Geoscience use extensive historical data to show there has never been a period in the last 2,000 years when temperature changes have been as fast and extensive as in recent decades.
“The evidence is abundant: global warming is indisputable.The planet will survive. Many species may not.
Use of emissions-intensive products from the resources industry have contributed significantly to global warming. Those emissions related to BHP’s business come from three sources. Scope 1 and 2 emissions from electricity consumption and diesel use at our operations, and scope 3 emissions from our value chain.”
“Ladies and gentlemen, I am firmly of the view that the next 18 months will decide our ability to keep climate change to survivable levels and to restore nature to the equilibrium we need for our survival.”
This paper is a primer for business leaders who wish to begin the process of designing and implementing a framework that will allow for the establishment of resilient businesses while also protecting directors from potential liability with respect to their duties under Australian companies law.
Climate change is increasingly being understood as an issue of financial risk to corporates. This has brought the issue to the attention of corporate lawyers like Sarah Barker, Special Counsel and Head of Climate Risk Governance at MinterEllison, the largest commercial law firm in the Asia Pacific. For over six years, Sarah has been a leading voice in the field of climate risk governance for business.
As climate change is now widely accepted as a financial risk issue, it necessarily enlivens established legal frameworks around corporate management and disclosure of climate risk. In this Acclimatise Conversation on Climate Change Adaptation, Sarah Barker talks us through why it is so important, from a legal perspective, for businesses to govern for the financial risks associated with climate change.
Climate change is likely to drive some of the most profound changes to businesses in our lifetimes. Impacts on products and services, supply chains, loss of asset values and market dislocation are already being caused by more frequent and severe climate-related events. These effects are now compounded by the accelerating pace of policy and regulatory change as humanity recognises the challenge we face and the drastic and rapid actions we all must take in order to protect our planet and our own livelihoods.
In a world without climate change, Utrecht in the Netherlands would expect temperatures like these only once every 20 years. Now, though, they will occur every five years. The same, they claim, is likely true of many German cities.
He said the pressure was also being felt within the families of Opec officials because their own children “are asking us about their future …. they see their peers on the streets campaigning against this industry.”
The government’s new green finance strategy, to be published on Tuesday, will “set expectations” for listed companies and large asset owners to report climate risks by 2022, said the Treasury, adding that work with regulators “will explore the most effective way of doing this, including whether mandatory disclosures are necessary”
In short, without changing the size of our homes, or our cars, or fundamentally changing the fabric of our lives, these discounts mean that a fully electrified energy economy using non-carbon fuel sources would require less than half of the total amount of energy we use today.
“The delegates remained deadlocked on accounting rules and governance for the system, pushing the debate to their next meeting in Chile in December. They also failed to agree a statement on a scientific report about the risks of rising temperatures, with a group of countries trying to water it down, even as Berlin and Paris were facing highs near 40 degrees Celsius (104 Fahrenheit).”
Natural gas is at times described as a transition fuel in the response to the climate crisis as it has about half the carbon dioxide emissions of black coal when burned to generate electricity. That argument has been rejected by the head of the International Energy Agency and science bodies warning the world needs to rapidly move to clean energy and industries.
“It is also part of our mandate for monetary policy because climate change affects price evolutions, effects the economic outlook,” Villeroy told French asset manager Amundi’s annual investment forum in Paris.