Climate-related disasters ranging from floods to wildfires are driving increasing costs across the US. For some extreme weather events, such as Hurricane Idalia and the fires in Hawai‘i, the full cost is not yet completely known. Such disasters are accelerating, highlighting the need for urgent action.
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The recent publication of the Fifth National Assessment report in the US has once again highlighted the economic and human costs of climate change. In the US alone $75 billion worth of damage has been recorded so far this year, and concerns are being raised about the associated knock-on impacts on food security and resource management.
World Bank climate and infrastructure advisor Romain Pison argues that glaring gaps in current climate-scenario models leave us teetering on the edge of systemic vulnerabilities, but also offer an unprecedented opportunity to evolve our approaches for the better.
New research from the $70 trillion-backed FAIRR investor network reveals that annual emissions from 20 of the world’s largest meat and dairy companies have increased by 3.28%. This is despite awareness that emissions must fall 7% annually to meet climate goals.
The United Nations Environment Programme (UNEP) has released its latest Adaptation Gap Report, providing crucial data for the Loss and Damage Fund negotiations at COP28.
Tipping points are reached when the systems we rely on stop functioning as designed, amplifying the risk of catastrophic impacts. According to new research published by the UNU-EHS, the world is approaching multiple tipping points.
Risk management continues to dominate the discussion around sustainable investment, as the IEA’s prediction that peak oil demand will be hit within the decade changes the dynamic of the investment environment.
In this week's roundup, we explore the latest trends and developments in corporate sustainability.
In a scenario where extreme weather events lead to food and water shocks, Lloyd’s estimates that the world stands to lose $5 trillion over a five-year period.
The Finance for Biodiversity (FfB) Foundation has published a guide for financial institutions on how to manage the biodiversity and climate nexus in their investments and lending.