Dr Paul Fisher, well known to many at Climate Alliance has written a very interesting article for the London Institute of Banking and Finance. He asks the question whether central banks should play a role in managing the risks presented by climate change.
Greenhouse gas emissions contribute to coal mine refusal | Norton Rose Fulbright
In an Australian first, development consent for a new coal mine was refused by the Land and Environment Court of NSW (the Court) for reasons that included its material greenhouse gas (GHG) emissions and contribution to climate change.
It’s Official: 2018 Was the Fourth-Warmest Year on Record | NY Times
NASA scientists announced Wednesday that the Earth’s average surface temperature in 2018 was the fourth highest in nearly 140 years of record-keeping and a continuation of an unmistakable warming trend.
New Zealand sea level rise: Councils' $8b climate change warning | Stuff
"Costs will likely go far beyond tangible measures; not only will infrastructure be exposed, but so will potential economic development and growth, community health and safety and social support systems."
Companies Most Exposed to Climate Change Risks | Barrons
“We’re steadily moving toward a new normal where billion-dollar disasters are a regular occurrence,” says Emilie Mazzacurati, founder and CEO of Four Twenty Seven. “This combination of extreme weather events and growing pressure from asset owners and regulators is pushing a lot of businesses to look for a way to understand their exposure and start managing their risks.”
Greta Thunberg at the WEF in Davos
The Global Risks Report 2019 | World Economic Forum
Extreme weather is again out on its own in the top-right (high-likelihood, high-impact) quadrant of the Global Risks Landscape 2019. The year 2018 was another one of storms, fires and floods.19 Of all risks, it is in relation to the environment that the world is most clearly sleepwalking into catastrophe.
You can download the report here, or go to the WEF webpage for more information.
2018’s Costliest Natural Disasters | Insurance Journal
A report from Munich Re on last year’s natural disasters pointed to “clear indications” that man-made climate change is a factor in California’s wildfires.
Great Ocean Road at risk from erosion and rising sea levels | The Guardian
Yes, let’s pretend nothing has changed....
“The road has been there for 100 years and will continue to be there for many many years, decades to come.”
How Temperature Has Changed in Each Country | Carbon Brief
How Climate Finance Flows Around The World | Carbon Brief
This diagram shows the average yearly amount of climate finance given by each OECD country on average in 2015 and 2016, and where that money went.
Donor countries are listed down the left-hand side of the diagram. The right-hand side shows the amounts which flowed to recipient countries or regions.
Will a 1.5 degrees target trigger a death spiral for oil and gas companies? | Renew Economy
“It is therefore important to think realistically about how such transitions occur and how society and the market will manage this one. Separately – and it is a quite separate issue – we also need to ask if there is a realistic likelihood of today’s oil and gas companies transitioning as corporate entities. Do they have a future? Or will they just fail – as incumbents most often do when faced with such dramatic market change?”
Climate Alliance Newsletter December 2018
Tackle climate or face financial crash, say world's biggest investors | The Guardian
Global investors managing $32tn issued a stark warning to governments at the UN climate summit on Monday, demanding urgent cuts in carbon emissions and the phasing out of all coal burning. Without these, the world faces a financial crash several times worse than the 2008 crisis, they said.
Climate Change Moves From Risk to Reward | Bloomberg Quint
Major financial institutions have joined together in the U.S. Alliance for Sustainable Finance under Bloomberg’s leadership.
Sustainable finance: central banks test water on climate risks | Financial Times
Paul Fisher was recently interviewed by the Financial Times as part of an article on sustainable finance. The article provides a good summery of the activities in this area as well as some useful links.
The Climate Apocalypse Is Now, and It’s Happening to You | Wired
“Multiple cities will be uninhabitable and migration patterns will be far beyond those levels already creating pressure worldwide.”
GFG Chairman Sanjeev Gupta awarded Climate Alliance Business Leader of the Year
Congratulations to Sanjeev Gupta!
World must triple efforts or face catastrophic climate change, says UN | The Guardian
Rapid emissions turnaround needed to keep global warming at less than 2C, report suggests.
2018 Climate Alliance National Conference - Summary
Summaries from each of the conference speakers are now available, including photos and presentations. Congratulations to the 2018 Leadership Award winners, see here for details.