Climate change will have broad implications on how financial institutions identify, assess, and manage a range of risks and opportunities. Whether in the form of the physical impacts of climate change or transition risks due to the policies and market shifts to stabilize and reduce greenhouse gas emissions– many financial institutions are gradually recognizing the importance of … [Read more...] about Financial Institutions need tools to address climate risks in their portfolios
Panama: Adapting Fishing and Tourism to Climate Change
The waters of the Gulf of Montijo in Panama are warming up, effectively driving fish and the fishermen depending on them further out where temperatures are cooler. At the same time, the coast line is eroding, pushing tourists to opt for other beaches. This is why artisanal fishermen and micro tourism entrepreneurs in coastal communities, who are suffering the consequences of … [Read more...] about Panama: Adapting Fishing and Tourism to Climate Change
Women lead the way to greater climate resilience
Why do some communities fare better during and after climate shocks than others? We know that early warning systems and disaster preparedness decrease the losses of natural disasters, but what other social and economic factors could improve the outcomes? Climate change is already happening. Extreme weather events causing floods, droughts, cyclonic winds, and heatwaves occur … [Read more...] about Women lead the way to greater climate resilience
The Business Case for Climate Resilience
How can businesses, large and small, make their supply chains more climate resilient and simultaneously more profitable? Almost any supply chain, but particularly those that are dependent on natural resources, will experience the impacts of a changing climate in all its parts. A recent study by Acclimatise for the IDB’s PROADAPT program, shows that assessing climate change … [Read more...] about The Business Case for Climate Resilience
Monterrey: Climate-Smart Water Management
“We will reach a point in the next years where we won’t have water for the population, nor for the industries or businesses”. This somber forecast by Alfonso Martinez Muñoz, Undersecretary of Natural Resources and Environmental Protection of the State of Nuevo León, has propelled a collaboration among a range of stakeholders in the city of Monterrey to come up with solutions to … [Read more...] about Monterrey: Climate-Smart Water Management