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| executive order on climate-related financial risk: Managing Climate Risk in the U.S. Financial System Leonardo Martinez-Diaz, Jesse M. Keenan, 2020-09-09 This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742 |
| executive order on climate-related financial risk: From Ideas to Action Janis Pearl Sarra, 2020 This book is a guide for companies of all sizes as they navigate business responsibility in climate change. It includes the latest scientific research, governance tools, and recent developments in sustainable finance. Providing steps for a meaningful contribution to climate change, this is a critical tool for all corporate stakeholders. |
| executive order on climate-related financial risk: National Climate Program United States. National Climate Program Office, 1984 |
| executive order on climate-related financial risk: Review of the Draft Fourth National Climate Assessment National Academies of Sciences, Engineering, and Medicine, Division of Behavioral and Social Sciences and Education, Division on Earth and Life Studies, Board on Environmental Change and Society, Board on Atmospheric Sciences and Climate, Committee to Review the Draft Fourth National Climate Assessment, 2018-06-18 Climate change poses many challenges that affect society and the natural world. With these challenges, however, come opportunities to respond. By taking steps to adapt to and mitigate climate change, the risks to society and the impacts of continued climate change can be lessened. The National Climate Assessment, coordinated by the U.S. Global Change Research Program, is a mandated report intended to inform response decisions. Required to be developed every four years, these reports provide the most comprehensive and up-to-date evaluation of climate change impacts available for the United States, making them a unique and important climate change document. The draft Fourth National Climate Assessment (NCA4) report reviewed here addresses a wide range of topics of high importance to the United States and society more broadly, extending from human health and community well-being, to the built environment, to businesses and economies, to ecosystems and natural resources. This report evaluates the draft NCA4 to determine if it meets the requirements of the federal mandate, whether it provides accurate information grounded in the scientific literature, and whether it effectively communicates climate science, impacts, and responses for general audiences including the public, decision makers, and other stakeholders. |
| executive order on climate-related financial risk: Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature Signe Krogstrup, William Oman, 2019-09-04 Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework. |
| executive order on climate-related financial risk: Impact of Climate Risk on the Energy System Amy Myers Jaffe, Et Al, 2019-09-13 Climate change affects virtually every aspect of the U.S. energy system. As climatic effects such as rising seas and extreme weather continue to appear across many geographies, U.S. energy infrastructure is increasingly at risk. The U.S. Gulf Coast--which is home to 44 percent of total U.S. oil refining capacity and several major ports--is highly vulnerable to flooding events and dangerous ocean surges during severe storms and hurricanes. The link between water availability and energy and electricity production creates another layer of risk to U.S. energy security. Climate risk could manifest not only in physical damages, but also in financial market failures. Climate change-related challenges could impede energy firms' access to capital markets or private insurance markets. Already, climate-related risks have created severe financial problems at a handful of U.S. energy firms, forcing them to interrupt their sales of energy to consumers in particular locations. Over time, climatic disruptions to domestic energy supply could entail huge economic losses and potentially require sizable domestic military mobilizations. The United States is ill prepared for this national security challenge, and public debate about emergency preparedness is virtually nonexistent. To explore the challenges of climate risk to the U.S. energy system and national security, the Council on Foreign Relations organized a two-day workshop in New York, on March 18 and 19, 2019. The gathering of fifty participants included current and former state and federal government officials and regulators, entrepreneurs, scientists, investors, financial- and corporate-sector leaders, credit agencies, insurers, nongovernmental organizations, and energy policy experts. During their deliberations, workshop participants explored how climate-related risks to U.S. energy infrastructure, financial markets, and national security could be measured, managed, and mitigated. Impact of Climate Risk on the Energy System summarizes the insights from this workshop and includes contributions from seven expert authors delving into related topics. |
| executive order on climate-related financial risk: Financial Regulation, Climate Change, and the Transition to a Low-Carbon Economy: A Survey of the Issues Mr. Dimitri G Demekas, Pierpaolo Grippa, 2021-12-17 There are demands on central banks and financial regulators to take on new responsibilities for supporting the transition to a low-carbon economy. Regulators can indeed facilitate the reorientation of financial flows necessary for the transition. But their powers should not be overestimated. Their diagnostic and policy toolkits are still in their infancy. They cannot (and should not) expand their mandate unilaterally. Taking on these new responsibilities can also have potential pitfalls and unintended consequences. Ultimately, financial regulators cannot deliver a low-carbon economy by themselves and should not risk being caught again in the role of ‘the only game in town.’ |
| executive order on climate-related financial risk: Impacts of Climate Change on Human Health in the United States US Global Change Research Program, 2018-02-06 As global climate change proliferates, so too do the health risks associated with the changing world around us. Called for in the President’s Climate Action Plan and put together by experts from eight different Federal agencies, The Impacts of Climate Change on Human Health: A Scientific Assessment is a comprehensive report on these evolving health risks, including: Temperature-related death and illness Air quality deterioration Impacts of extreme events on human health Vector-borne diseases Climate impacts on water-related Illness Food safety, nutrition, and distribution Mental health and well-being This report summarizes scientific data in a concise and accessible fashion for the general public, providing executive summaries, key takeaways, and full-color diagrams and charts. Learn what health risks face you and your family as a result of global climate change and start preparing now with The Impacts of Climate Change on Human Health. |
| executive order on climate-related financial risk: Corporate Governance Regimes Joseph McCahery, 2002 This volume provides an up-to-the-minute survey of the field of corporate governance, focusing particularly on issues of convergence and diversity. A number of topics are discussed including bankruptcy procedures, initial public offerings, the role of large stakes, comparative corporate governance, and institutional investors. |
| executive order on climate-related financial risk: Shock Waves Stephane Hallegatte, Mook Bangalore, Laura Bonzanigo, Marianne Fay, Tamaro Kane, Ulf Narloch, Julie Rozenberg, David Treguer, Adrien Vogt-Schilb, 2015-11-23 Ending poverty and stabilizing climate change will be two unprecedented global achievements and two major steps toward sustainable development. But the two objectives cannot be considered in isolation: they need to be jointly tackled through an integrated strategy. This report brings together those two objectives and explores how they can more easily be achieved if considered together. It examines the potential impact of climate change and climate policies on poverty reduction. It also provides guidance on how to create a “win-win†? situation so that climate change policies contribute to poverty reduction and poverty-reduction policies contribute to climate change mitigation and resilience building. The key finding of the report is that climate change represents a significant obstacle to the sustained eradication of poverty, but future impacts on poverty are determined by policy choices: rapid, inclusive, and climate-informed development can prevent most short-term impacts whereas immediate pro-poor, emissions-reduction policies can drastically limit long-term ones. |
| executive order on climate-related financial risk: A Guide to the World Bank World Bank, 2007-06-27 The World Bank Group is a vital source of financial and technical assistance to developing countries around the world. Its focus is on helping the poorest people in the poorest countries by using its financial resources, staff, and extensive experience to aid countries in reducing poverty, increasing economic growth, and improving quality of life. In partnership with more than 100 developing countries, the Bank Group is striving to improve health and education, fight corruption, boost agricultural support, build roadsand ports, and protect the environment. Other projects are aimed at rebuilding war-torn countries or regions, providing basic services such as access to clean water, and encouraging investments that create jobs. In addition to this critical groundwork around the world, various parts of the World Bank Group are involved in activities ranging from conducting economic research and analysis to providing financial and advisory services to governments and private enterprises. This completely revised and updated second edition provides an accessible and straightforward overview of the World Bank Group's history, organization, mission, and purpose. Additionally, for those wishing to delve further into subjects of particular interest, the book guides readers to sources containing more detailed information, including annual reports, Web sites, publications, and e-mail addresses for various departments. It also provides information on how to work for or do business with the World Bank. A good introduction for anyone interested in understanding what the World Bank Group does and how it does it, this book shows readers who want to learn more where to begin. |
| executive order on climate-related financial risk: Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation Intergovernmental Panel on Climate Change, 2012-05-28 Extreme weather and climate events, interacting with exposed and vulnerable human and natural systems, can lead to disasters. This Special Report explores the social as well as physical dimensions of weather- and climate-related disasters, considering opportunities for managing risks at local to international scales. SREX was approved and accepted by the Intergovernmental Panel on Climate Change (IPCC) on 18 November 2011 in Kampala, Uganda. |
| executive order on climate-related financial risk: Climate-Sensitive Management of Public Finances—"Green PFM” Mr. Fabien Gonguet, Mr. Claude P Wendling, Ozlem Aydin Sakrak, Bryn Battersby, 2021-08-11 Public financial management (PFM) consists of all the government’s institutional arrangements in place to facilitate the implementation of fiscal policies. In response to the growing urgency to fight climate change, “green PFM” aims at adapting existing PFM practices to support climate-sensitive policies. With the cross-cutting nature of climate change and wider environmental concerns, green PFM can be a key enabler of an integrated government strategy to combat climate change. This note outlines a framework for green PFM, emphasizing the need for an approach combining various entry points within, across, and beyond the budget cycle. This includes components such as fiscal transparency and external oversight, and coordination with state-owned enterprises and subnational governments. The note also identifies principles for effective implementation of a green PFM strategy, among which the need for a strong stewardship located within the ministry of finance is paramount. |
| executive order on climate-related financial risk: Confronting Climate Uncertainty in Water Resources Planning and Project Design Patrick A. Ray, Casey M. Brown, 2015-08-20 Confronting Climate Uncertainty in Water Resources Planning and Project Design describes an approach to facing two fundamental and unavoidable issues brought about by climate change uncertainty in water resources planning and project design. The first is a risk assessment problem. The second relates to risk management. This book provides background on the risks relevant in water systems planning, the different approaches to scenario definition in water system planning, and an introduction to the decision-scaling methodology upon which the decision tree is based. The decision tree is described as a scientifically defensible, repeatable, direct and clear method for demonstrating the robustness of a project to climate change. While applicable to all water resources projects, it allocates effort to projects in a way that is consistent with their potential sensitivity to climate risk. The process was designed to be hierarchical, with different stages or phases of analysis triggered based on the findings of the previous phase. An application example is provided followed by a descriptions of some of the tools available for decision making under uncertainty and methods available for climate risk management. The tool was designed for the World Bank but can be applicable in other scenarios where similar challenges arise. |
| executive order on climate-related financial risk: The Fourth Industrial Revolution Klaus Schwab, 2017-01-03 World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress. |
| executive order on climate-related financial risk: Lockdown Cheryl K. Chumley, 2022-05-03 “A crucial warning for Americans about the left’s never-ending lust to steal individual liberties — and the power of God to stop it.” — Everett Piper, Bestselling Author of Grow Up! Lockdown is a terrifying story of not only the chaotic freefall of American freedoms during the opening stages of the COVID pandemic, but the dangerous growth of government power that continues today. Lockdown is a warning that the extraordinary powers invoked by left-wing Democrats and others, justified by claims of public health and safety, have begun the unravelling of America’s constitutional order and our most cherished freedoms. Using COVID-19 as a cover, Democrat leaders and their bureaucratic health advisers seized powers the Constitution never gave them, and ordered citizens to stay off streets and out of public parks, banned them from their workplaces, closed down their schools, and made church attendance a crimes — even as these same leaders and their left-leaning cronies blithely, arrogantly, and outrageously allowed mass protests, kept open abortion clinics and did as they pleased. Relying on her trademark aggressive reporting style, Cheryl K. Chumley explains how the radical left is using pandemic policies as a template for increasing controls over the lives of citizens as they build a one-party, socialist state in America. A sequel to her bestselling book Socialists Don’t Sleep, in Lockdown, Chumley exposes how hypocritical, elitist, and radical leftists are still using the coronavirus to score political points and steal individual rights – as the original pandemic served as dress rehearsal in the march toward the new fascism. |
| executive order on climate-related financial risk: The Law of ESG Derivatives Ligia Catherine Arias Barrera, 2024-07-05 This book weaves together a comprehensive legal analysis of sustainable finance regimes governing Environment, Social and Governance (ESG) derivatives, with insightful sociological perspectives on risks and uncertainties. Sustainable finance offers a unique chance to channel capital towards sustainability goals, with ESG derivatives emerging as potent catalysts for a transition to a more sustainable economy. Beyond amplifying capital flow, they strategically align with effective ESG risk and uncertainty management. The book explores how integrating ESG derivatives can strategically serve sustainable investment, offering insights into optimal risk management. The work not only outlines challenges but presents potential solutions, highlighting ESG derivatives’ role in addressing market failures affecting sustainable finance, which is an aspect often overlooked by regulators in the EU, the UK, and the US. Serving as a strategy guide for countries adopting a diverse sustainable finance portfolio, the book targets policy practitioners and advocacy specialists, catering to a broad multidisciplinary audience amid the increasing interest in ESG-related products. The book’s dual emphasis on financial derivatives for ESG risk management and sociological perspectives positions it as an ideal resource for scholars, experts, practitioners, researchers, and curious minds across law, business, management, and sociological studies. |
| executive order on climate-related financial risk: Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance El Bachir Boukherouaa, Mr. Ghiath Shabsigh, Khaled AlAjmi, Jose Deodoro, Aquiles Farias, Ebru S Iskender, Mr. Alin T Mirestean, Rangachary Ravikumar, 2021-10-22 This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight. |
| executive order on climate-related financial risk: Supervisory Guide , 1994 |
| executive order on climate-related financial risk: Climate Risk - Technical Bulletin Sustainability Accounting Standards Board, 2017-01-19 SASB's Technical Bulletin on Climate Risk is designed to help investors better understand, measure and manage their exposure to climate-related risk. The research finds that climate change affects 72 out of 79 industries (93 percent of the capital markets, or $27.5 trillion) but manifests differently from one industry to the next. Due to the ubiquity of climate risk, investors can't simply diversify away from it; instead they must focus on managing it-and on encouraging portfolio companies to manage it-in all its forms. The foreword to the guide, authored by former Secretaries of the Treasury Robert Rubin and Hank Paulson, emphasizes the need for better disclosure. If investors are to effectively evaluate climate risk, they need a far better understanding of granular, industry-specific climate impacts, with industry-specific standards by which to evaluate corporate performance on these issues. By adopting a set of industry-based market standards for disclosure, especially in SEC filings, investors will be able to accurately compare and contrast companies, they write. This latest SASB bulletin is a good next step toward this goal, and offers for the first time a comprehensive guide to understand and measure the unique climate impacts across all industries of the economy. |
| executive order on climate-related financial risk: World's Transition Toward A Green Economy: Achieving The United Nations' Sustainable Development Goals And Promoting The Role Of Green Finance Xugang Yu, Mario Tettamanti, Cristiano Rizzi, 2023-10-04 This book treats different themes which are intrinsically linked and of extreme significance for the entire global community such as the necessity to cut emissions and transit toward a more sustainable and green economy. The content extends to the urgency to shape a new multilateralism and reinforce cooperation to achieve global goods, where the environment comes first, to the green finance which will play a fundamental role for the green transition paying particular attention to the United Nations' 2030 Agenda for Sustainable Development.A particular emphasis is given to the so-called 'Dual Circulation Strategy' (DCS) which is presently becoming the priority not only for China but also for the rest of the global community. Due to the uncertainties caused by the pandemic and other external factors, China has substituted GDP growth with the so-called six guarantees (liù bǎo 六保) which represent the six fundamental aspects of the economy and society that according to the central government must receive priority attention, and protection in economic policy to ensure economic recovery. China also introduced the concept of an 'ecological civilization' (shēngtài wénmíng 生态文明) through green, low-carbon economic development. One of the targets is to achieve carbon neutrality before 2060, though the rest of the global community and in particular the European Union with its Green Deal, and the US with its renewed climate policies, are pushing to reach this objective in 2050.In order to grant all these developments, 'green finance' plays a fundamental role for the success of this green transition. Therefore, a substantial part of this book explores the many aspects surrounding this theme. Due to renewables playing a very important role in the green transition, the final part of this book explores investment opportunities related to the development of these alternative sources of energy. |
| executive order on climate-related financial risk: Ten Years to Midnight Blair H. Sheppard, 2020-08-04 “Shows how humans have brought us to the brink and how humanity can find solutions. I urge people to read with humility and the daring to act.” —Harpal Singh, former Chair, Save the Children, India, and former Vice Chair, Save the Children International In conversations with people all over the world, from government officials and business leaders to taxi drivers and schoolteachers, Blair Sheppard, global leader for strategy and leadership at PwC, discovered they all had surprisingly similar concerns. In this prescient and pragmatic book, he and his team sum up these concerns in what they call the ADAPT framework: Asymmetry of wealth; Disruption wrought by the unexpected and often problematic consequences of technology; Age disparities--stresses caused by very young or very old populations in developed and emerging countries; Polarization as a symptom of the breakdown in global and national consensus; and loss of Trust in the institutions that underpin and stabilize society. These concerns are in turn precipitating four crises: a crisis of prosperity, a crisis of technology, a crisis of institutional legitimacy, and a crisis of leadership. Sheppard and his team analyze the complex roots of these crises--but they also offer solutions, albeit often seemingly counterintuitive ones. For example, in an era of globalization, we need to place a much greater emphasis on developing self-sustaining local economies. And as technology permeates our lives, we need computer scientists and engineers conversant with sociology and psychology and poets who can code. The authors argue persuasively that we have only a decade to make headway on these problems. But if we tackle them now, thoughtfully, imaginatively, creatively, and energetically, in ten years we could be looking at a dawn instead of darkness. |
| executive order on climate-related financial risk: Environmental, Social and Governance (ESG) Laws, Regulations and Practices in the Digital Era Peter Yeoh, 2022-01-13 In the past two decades, the traditional role of corporate governance has been greatly augmented and transformed by increased attention to the importance of social inclusion in business decisions and of environmental impacts of business activities, giving rise to the now well-understood linkage among environmental, social, and governance (ESG) principles. This book is the first to thoroughly analyze the ESG phenomenon as a tripartite corporate purpose model and the profusion of laws and regulations it continues to engender. Drawing on perspectives from law, economics, and business management, the book focuses on those ESG challenges that are most likely to impact companies in the coming years. The author discusses such aspects of ESG law, regulation, and practice as the following: impact of digitalization on ESG practices; competing ESG perspectives and whether there are signs of convergence toward a more universal model; impact of corporate ownership patterns; review of hard and soft law responses; corporate control under COVID-19 pandemic conditions; workplace and workforce transformations; various ESG-related corporate scandals and controversies; ESG regulatory responses from international entities such as the Organisation for Economic Co-operation and Development (OECD) and International Organization of Securities Commissions (IOSCO); and seminal ESG cases in various business sectors. The emphasis throughout is on developments in the European Union, the United States, and the United Kingdom, both because it is in those jurisdictions that ESG challenges have been and are most fully dealt with and because these economies taken together are likely to continue exerting dominating influence across the world. What this book says about ESG provides pertinent insights and guidance for those seeking a better understanding of ESG practices and underlying theories across major economies. With essential information and guidance for ESG law practitioners, policymakers, and academicians, the book gives clarity and guidance as to who should lead the charge for ESG practices in business enterprises in major jurisdictional settings. Its detailed coverage of best ESG practices will be welcomed by those conducting their business enterprises within approved regulatory perimeters. |
| executive order on climate-related financial risk: Canada’s Top Climate Change Risks The Expert Panel on Climate Change Risks and Adaptation Potential, 2019-07-04 Canada’s Top Climate Change Risks identifies the top risk areas based on the extent and likelihood of the potential damage, and rates the risk areas according to society’s ability to adapt and reduce negative outcomes. These 12 major areas of risk are: agriculture and food, coastal communities, ecosystems, fisheries, forestry, geopolitical dynamics, governance and capacity, human health and wellness, Indigenous ways of life, northern communities, physical infrastructure, and water. The report describes an approach to inform federal risk prioritization and adaptation responses. The Panel outlines a multi-layered method of prioritizing adaptation measures based on an understanding of the risk, adaptation potential, and federal roles and responsibilities. |
| executive order on climate-related financial risk: Sustainable Investing: Problems And Solutions Anatoly B Schmidt, 2024-08-08 This book covers multifaceted problems and their possible solutions in sustainable investing. Written by experts in the field from academia and industry, the book includes three main topics. The general problems of sustainable investing are addressed in Part 1. They include the discussion of the concept of double materiality, current ESG legal framework and its specifics for private equity, the reviews of the sustainable investment indexes and funds, as well as the machine learning techniques for deriving and analysing the ESG ratings.Part 2 is devoted to the climate change. It covers net-zero portfolios being the means of reducing the investment carbon footprint, estimation of the Scope 3 greenhouse gas emissions, venture investments in carbon dioxide removal technologies, and an optimization problem of fuel production in carbon trading.Finally, Part 3 describes several sustainable investing strategies based on including sustainability indices and factors into the portfolio choice framework. It also introduces new portfolio performance measures relevant for sustainable investing. |
| executive order on climate-related financial risk: Loss and Damage from Climate Change Reinhard Mechler, Laurens M. Bouwer, Thomas Schinko, Swenja Surminski, JoAnne Linnerooth-Bayer, 2018-11-28 This book provides an authoritative insight on the Loss and Damage discourse by highlighting state-of-the-art research and policy linked to this discourse and articulating its multiple concepts, principles and methods. Written by leading researchers and practitioners, it identifies practical and evidence-based policy options to inform the discourse and climate negotiations. With climate-related risks on the rise and impacts being felt around the globe has come the recognition that climate mitigation and adaptation may not be enough to manage the effects from anthropogenic climate change. This recognition led to the creation of the Warsaw International Mechanism on Loss and Damage in 2013, a climate policy mechanism dedicated to dealing with climate-related effects in highly vulnerable countries that face severe constraints and limits to adaptation. Endorsed in 2015 by the Paris Agreement and effectively considered a third pillar of international climate policy, debate and research on Loss and Damage continues to gain enormous traction. Yet, concepts, methods and tools as well as directions for policy and implementation have remained contested and vague. Suitable for researchers, policy-advisors, practitioners and the interested public, the book furthermore: • discusses the political, legal, economic and institutional dimensions of the issue• highlights normative questions central to the discourse • provides a focus on climate risks and climate risk management. • presents salient case studies from around the world. |
| executive order on climate-related financial risk: Climate Change Liability Michael Faure, Marjan Peeters, 2011-01-01 This book sheds new light on the growing issue of using liability as a tool for both preventing and compensating for the damage caused by climate change. Michael Faure and Marjan Peeters have brought together a selection of expert contributors who explore a variety of both national and European perspectives on the topic. Climate change liability is no longer only a theoretical idea since climate changelitigation has become so hotly debated and this book examines to what extent it can be used for mitigation and adaptation issues. Chapters discuss the potential role of liability within various legal systems, like the national systems of the USA and The Netherlands, but also EU and ECHR law. Liability is outlined in a broad perspective since not only compensation for damage suffered by plaintiffs isdiscussed, but also the need for prevention in order to obtain a reduction of greenhouse gases. |
| executive order on climate-related financial risk: OECD Economic Surveys: United States 2022 OECD, 2022-10-12 The United States economy rebounded strongly from the depths of the pandemic recession, aided by a large and enduring government policy response. However, Russia’s war against Ukraine and strong inflationary pressures have dampened the economic outlook. The administration is reinforcing public welfare through packages that invest in infrastructure and the climate transition, but an ageing population means fiscal pressures are on the horizon. |
| executive order on climate-related financial risk: Law, Policy and Climate Change Dariel De Sousa, 2022-09-29 Focusing on systemic risks caused by climate change, this book examines how these risks can be effectively regulated to ensure resilience and avoid catastrophe. Systemic risks are risks that threaten the systems upon which society depends, including ecosystems, social systems, financial systems, and systems of infrastructure. Such risks are typically characterised by inherent complexity, profound uncertainty, and overwhelming ambiguity. In combination, these features pose significant regulatory challenges for policy and law-makers. Examining how different types of systemic risks caused by climate change are being regulated in four different jurisdictions – the EU, the UK, the US and Australia – this book identifies deficiencies associated with regulating systemic risks using a traditional approach, based on a linear relationship between risk and regulation, which is widely used to regulate risk. The book advances a regulatory approach that is, instead, founded on the concept of risk governance. This involves a structured yet flexible, holistic, interdisciplinary and inclusive basis for responding to systemic risks; and it is, this book argues, a more effective basis for regulating systemic risks given their uncertainty, complexity and ambiguity. This book will appeal to academics, policy and law-makers and practitioners working at the intersection of law and policy in the areas of regulation, risk management and climate change. |
| executive order on climate-related financial risk: Building Financial Resilience to Climate Impacts A Framework for Governments to Manage the Risks of Losses and Damages OECD, 2022-12-08 Governments are facing significant climate-related risks from the expected increase in frequency and intensity of cyclones, floods, fires, and other climate-related extreme events. The report Building Financial Resilience to Climate Impacts: A Framework for Governments to Manage the Risks of Losses and Damages provides a strategic framework to help governments, particularly those in emerging market and developing economies, strengthen their capacity to manage the financial implications of climate-related risks. |
| executive order on climate-related financial risk: Handbook of Multi-Level Climate Actions Mark Starik, Gordon P. Rands, Jonathan P. Deason, Patricia Kanashiro, 2023-01-20 The Handbook of Multi-Level Climate Actions emphasizes the need for significant climate action by every capable person on the planet at multiple levels of human experience and society. This includes individuals/households, formal and informal groups, organizations/communities, from local to global, and all levels of businesses, governments, and nonprofit organizations. It highlights the many ways that our species can meet the climate crisis and how entities at every level of human experience are, could be, and should be developing and implementing climate solutions, including those advancing energy efficiency, renewable energy utilization, and nature’s ability to sequester carbon. |
| executive order on climate-related financial risk: Sustainable Finance and Climate Change René Smits, 2024-04-12 Sustainable Finance and Climate Change explores the legal and regulatory framework that governs the transition to a carbon free economy, looking in particular at the regulation of the financial sector and corporate liability for climate change and biodiversity loss. In addition it looks at the effect on general corporate law, environmental law, central bank law, as well as litigation and arbitration. |
| executive order on climate-related financial risk: Banking Law and Climate Change: Key Legal Issues Mario Tamez, Ender Emre, Alessandro Gullo, 2024-09-10 This paper explores the intersection of climate change policies with banking supervisory law. Statutory mandates define banking supervisory agencies’ objectives, functions and powers. Policies that aim to address climate change risks appear fully germane to banking supervisors’ main objective of safety and soundness. As such, banking supervisory agencies have a duty to address climate risks in light of their mandate. A mandate that is not anchored on safety and soundness in light of best practice would blur the accountability of banking supervisory agencies and undermine their legitimacy also with respect to climate. While legal changes can help provide greater legal certaintly, particularly given the long-term perspective of climate change, bank supervisory agencies can take action without fundamental reforms of their legal framework. Accordingly, they have set expectations or requirements for banks to incorporate climate into their strategy and business model, risk management, and governance. A combination of legal instruments—based on soft law and hard law—helps to achieve this objective. Notwithstanding implementation challenges, taxonomies and disclosures remain important tools, and banking supervisors should assess their role in the development of such tools in light of their mandate. The key responsibility to address climate risks rests on banks, and corporate governance frameworks could assist. |
| executive order on climate-related financial risk: Biodiversity: Finance and the Economic and Business Case for Action OECD, 2019-12-06 This report sets the economic and business case for urgent and ambitious action on biodiversity. It presents a preliminary assessment of current biodiversity-related finance flows, and discusses the key data and indicator gaps that need to be addressed to underpin effective monitoring of both the pressures on biodiversity and the actions (i.e. responses) being implemented. The report concludes with ten priority areas where G7 and other countries can prioritise their efforts. |
| executive order on climate-related financial risk: Environmental Protection Robert L. Glicksman, William W. Buzbee, Daniel R. Mandelker, Emily Hammond, Alejandro Camacho, 2023-01-31 The purchase of this ebook edition does not entitle you to receive access to the Connected eBook with Study Center on CasebookConnect. You will need to purchase a new print book to get access to the full experience, including: lifetime access to the online ebook with highlight, annotation, and search capabilities; practice questions from your favorite study aids; an outline tool and other helpful resources. Environmental Protection: Law and Policy, respected for its intellectual breadth and depth, is an interdisciplinary overview of Environmental Law, incorporating history, theory, litigation, regulation, policy, science, economics, and ethics. It covers the history of environmental protection; policy objectives; regulatory design strategies; and constitutional federalism and related statutory interpretation issues concerning the design and implementation of the environmental laws. Coverage also includes the Clean Air Act, the Clean Water Act, the Resource Conservation and Recovery Act, CERCLA, and other pollution control statutes; a chapter on climate change that discusses scientific, policy, program design, and statutory authority questions; and natural resource management issues (including the National Environmental Policy Act, the Endangered Species Act, and limited coverage of national forest management). New to the 9th Edition: New co-author Alejandro Camacho, a leading scholar on natural resources and public land law Ch.1: New materials on the Flint, Michigan battles over lead contamination of the municipal water system Ch.2: Discussion of regulatory and judicial skirmishes resulting from policy differences among the Obama, Trump, and Biden administrations Ch.3: Changes, driven by the Supreme Court, to areas such as standard of judicial review (including the Court’s endorsement of the major questions doctrine) and potential changes to entrenched law in areas such as the nondelegation doctrine Ch.4: Council on Environmental Quality’s overhaul of its 1978 NEPA regulations under the Trump administration and the Biden CEQ’s phased revision of those regulations; Food and Water Watch v. FERC; Sierra Club v. EPA Ch.5: Discussion of recent research and scholarship on biodiversity loss, the Trump administration’s efforts to restrict the scope of the Endangered Species Act, and the Biden administration’s attempts to reverse or revise these changes; recent developments on listing, critical habitat, federal agency consultation, taking prohibitions, and incidental takings Ch.6: Updated references to air pollution science Ch.7: Updates on ongoing litigation involving the “waters of the United States” definition in the Clean Water Act Ch.8: EPA’s efforts to implement 2016 amendments to the Toxic Substances Control Act; League of United Latin American Citizens v. Regan Ch.9: New case law under CERCLA; discussion of the treatment in the Restatement (Third) Torts of joint and several liability Ch.10: Streamlined coverage of environmental enforcement process Ch.11: Updated coverage of climate change law, policy, and science to reflect opposed regulatory responses to climate change by the Trump and Biden administrations; West Virginia v. EPA Online environmental justice supplement Streamlined note material Benefits for instructors and students: Thorough, nuanced treatment of existing laws, regulations, and cases, regulatory design strategies, and current and developing policy objectives Interdisciplinary approach incorporating science, economics, and ethics Coverage of major federal pollution control, environmental assessment, and species protection laws Charts and graphics Exercises and problems Distinguished author team with extensive practical, scholarly, and teaching experience |
| executive order on climate-related financial risk: Environmental and Energy Policy and the Economy Matthew J. Kotchen, Tatyana Deryugina, James H. Stock, 2022-01-24 This volume presents six new papers on environmental and energy economics and policy in the United States. Rebecca Davis, J. Scott Holladay, and Charles Sims analyze recent trends in and forecasts of coal-fired power plant retirements with and without new climate policy. Severin Borenstein and James Bushnell examine the efficiency of pricing for electricity, natural gas, and gasoline. James Archsmith, Erich Muehlegger, and David Rapson provide a prospective analysis of future pathways for electric vehicle adoption. Kenneth Gillingham considers the consequences of such pathways for the design of fuel vehicle economy standards. Frank Wolak investigates the long-term resource adequacy in wholesale electricity markets with significant intermittent renewables. Finally, Barbara Annicchiarico, Stefano Carattini, Carolyn Fischer, and Garth Heutel review the state of research on the interactions between business cycles and environmental policy. |
| executive order on climate-related financial risk: Global Trends 2040 National Intelligence Council, 2021-03 The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come. -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading. |
| executive order on climate-related financial risk: Resilience in Energy, Infrastructure, and Natural Resources Law Catherine Banet, Hanri Mostert, LeRoy Paddock, Milton Fernando Montoya, Iñigo del Guayo, 2022-03-11 The number of severe and sometimes catastrophic disruptive events has been rapidly increasing. Extreme weather events including floods, wildfires, hurricanes, and other natural disasters have become both more frequent and more severe, whilst events such as the COVID-19 pandemic represent a global threat to public health with huge economic effects that recovery packages tried to address. These disruptive events, alone and in combination, have dramatic consequences on nature, human life, and the economy, calling for urgent action to mitigate their causes and adapt to their impacts. In response to discourses of collapsology and end-of-growth theories, this monograph offers an analytical approach to developing legal responses that can help ensure the needs of present and future generations can be met through energy systems, infrastructure development, and natural resources management in these times of disruption. 'Resilience' is, therefore, seen as a common framework for the interpretation and development of energy, infrastructure, and natural resources law. With a mix of thematic chapters and case studies from multiple jurisdictions, Resilience in Energy, Infrastructure, and Natural Resources Law maps and assesses legal responses to disruptive nature-based events, and examines possible legal pathways for more sustainable outcomes, based on its engagement with this concept of 'resilience' and social-ecological thinking. |
| executive order on climate-related financial risk: The Promise of Adolescence National Academies of Sciences, Engineering, and Medicine, Health and Medicine Division, Division of Behavioral and Social Sciences and Education, Board on Children, Youth, and Families, Committee on the Neurobiological and Socio-behavioral Science of Adolescent Development and Its Applications, 2019-07-26 Adolescenceâ€beginning with the onset of puberty and ending in the mid-20sâ€is a critical period of development during which key areas of the brain mature and develop. These changes in brain structure, function, and connectivity mark adolescence as a period of opportunity to discover new vistas, to form relationships with peers and adults, and to explore one's developing identity. It is also a period of resilience that can ameliorate childhood setbacks and set the stage for a thriving trajectory over the life course. Because adolescents comprise nearly one-fourth of the entire U.S. population, the nation needs policies and practices that will better leverage these developmental opportunities to harness the promise of adolescenceâ€rather than focusing myopically on containing its risks. This report examines the neurobiological and socio-behavioral science of adolescent development and outlines how this knowledge can be applied, both to promote adolescent well-being, resilience, and development, and to rectify structural barriers and inequalities in opportunity, enabling all adolescents to flourish. |
| executive order on climate-related financial risk: The Federalist Papers Alexander Hamilton, John Jay, James Madison, 2018-08-20 Classic Books Library presents this brand new edition of “The Federalist Papers”, a collection of separate essays and articles compiled in 1788 by Alexander Hamilton. Following the United States Declaration of Independence in 1776, the governing doctrines and policies of the States lacked cohesion. “The Federalist”, as it was previously known, was constructed by American statesman Alexander Hamilton, and was intended to catalyse the ratification of the United States Constitution. Hamilton recruited fellow statesmen James Madison Jr., and John Jay to write papers for the compendium, and the three are known as some of the Founding Fathers of the United States. Alexander Hamilton (c. 1755–1804) was an American lawyer, journalist and highly influential government official. He also served as a Senior Officer in the Army between 1799-1800 and founded the Federalist Party, the system that governed the nation’s finances. His contributions to the Constitution and leadership made a significant and lasting impact on the early development of the nation of the United States. |
EXECUTIVE Definition & Meaning - Merriam-Webster
The meaning of EXECUTIVE is of or relating to the execution of the laws and the conduct of public and national affairs. How to use executive in a sentence.
EXECUTIVE | English meaning - Cambridge Dictionary
EXECUTIVE definition: 1. someone in a high position, especially in business, who makes decisions and puts them into…. Learn more.
Executive (government) - Wikipedia
The executive branch is the part of government which executes or enforces the law. The scope of executive power varies greatly depending on the political context in which it emerges, and it …
EXECUTIVE Definition & Meaning | Dictionary.com
Executive definition: a person or group of persons having administrative or supervisory authority in an organization.. See examples of EXECUTIVE used in a sentence.
Executive - definition of executive by The Free Dictionary
Having, characterized by, or relating to administrative or managerial authority: the executive director of a drama troupe; executive experience and skills.
EXECUTIVE definition and meaning | Collins English Dictionary
The executive is the part of the government of a country that is concerned with carrying out decisions or orders, as opposed to the part that makes laws or the part that deals with criminals.
What is an executive? Roles and Responsibilities Explained
Oct 21, 2024 · An executive is a person who holds a high-level position within an organization and is responsible for making key decisions, managing operations, and guiding the company's …
What and Who is an Executive? - Executive Career Brand™
Sep 26, 2023 · “What and who is an executive?” may seem like an odd topic for me to write about. I mean, I know what an executive is. I’ve been working with executive job seekers for more …
Explainer: Executive orders as a governing tool
Jun 4, 2025 · Recently, executive order directives have eclipsed actual legislation. President Trump has signed 147 executive orders, setting a record for the most signed in any president’s …
Executive Definition & Meaning | Britannica Dictionary
EXECUTIVE meaning: 1 : a person who manages or directs other people in a company or organization; 2 : the executive branch of a government
EXECUTIVE Definition & Meaning - Merriam-Webster
The meaning of EXECUTIVE is of or relating to the execution of the laws and the conduct of public and national affairs. How to use executive in a sentence.
EXECUTIVE | English meaning - Cambridge Dictionary
EXECUTIVE definition: 1. someone in a high position, especially in business, who makes decisions and puts them into…. Learn more.
Executive (government) - Wikipedia
The executive branch is the part of government which executes or enforces the law. The scope of executive power varies greatly depending on the political context in which it emerges, and it can …
EXECUTIVE Definition & Meaning | Dictionary.com
Executive definition: a person or group of persons having administrative or supervisory authority in an organization.. See examples of EXECUTIVE used in a sentence.
Executive - definition of executive by The Free Dictionary
Having, characterized by, or relating to administrative or managerial authority: the executive director of a drama troupe; executive experience and skills.
EXECUTIVE definition and meaning | Collins English Dictionary
The executive is the part of the government of a country that is concerned with carrying out decisions or orders, as opposed to the part that makes laws or the part that deals with criminals.
What is an executive? Roles and Responsibilities Explained
Oct 21, 2024 · An executive is a person who holds a high-level position within an organization and is responsible for making key decisions, managing operations, and guiding the company's strategic …
What and Who is an Executive? - Executive Career Brand™
Sep 26, 2023 · “What and who is an executive?” may seem like an odd topic for me to write about. I mean, I know what an executive is. I’ve been working with executive job seekers for more than 25 …
Explainer: Executive orders as a governing tool
Jun 4, 2025 · Recently, executive order directives have eclipsed actual legislation. President Trump has signed 147 executive orders, setting a record for the most signed in any president’s first 100 …
Executive Definition & Meaning | Britannica Dictionary
EXECUTIVE meaning: 1 : a person who manages or directs other people in a company or organization; 2 : the executive branch of a government
