Effective climate risk analysis is crucial to prepare companies and economies as the world shifts to net zero and experiences more and more climate disasters. However, analysing climate risk is still not fully standardised and understood, leaving knowledge gaps, which could impact financial stability.
Effective climate risk analysis is crucial to prepare companies and economies as the world shifts to net zero and experiences more and more climate disasters. However, analysing climate risk is still not fully standardised and understood, leaving knowledge gaps, which could impact financial stability.
Global reinsurer Munich Re released its analysis of natural disasters in the first half of 2022. While Australia saw the largest single event, the US was once again the country with the highest weather-related losses, with extreme weather driven by climatic change.
A new carbon credit settlement platform, Carbonplace, has just run a pilot transfer with VISA (NYSE:V). With backing from major financial institutions, this could mark a new phase for the carbon markets and pave the way for credible, real-time, secure and transparent cross-border carbon credit settlements.
Decarbonisation of over 90% by 2050 is understood to be the only way to avoid the worst impacts of climate change. Science-based targets are seen as the only credible way for corporations to align their strategies with long term global goals.
The current energy crisis is arguably one of the world’s greatest challenges. This is not simply down to the economic and social implications of high energy costs and supply challenges, but because of the potential impact on climate action.