Major Investors Sign Climate Demand Letter of G7 Leaders on Eve of Summit

Major Investors Sign Climate Demand Letter of G7 Leaders on Eve of Summit

Large institutions investors representing more than $41 trillion in assets sent a strongly worded letter pressing the G7 governments to “set more ambitious emission reduction targets, detail “clear” road maps to decarbonize pollution-heavy industries and implement mandatory climate risk disclosure requirements,” CNN reported.

Why This Matters: Money talks.  Investors are increasingly willing to walk away from deals like oil and gas drilling projects in the Arctic or investments in fossil fuel companies that refuse to change their business models.

Continue Reading 492 words
“Climate Intelligence” Captivates Investors

“Climate Intelligence” Captivates Investors

Investors are beginning to take interest in “climate intelligence” start-ups — companies that provide analytics to guide organizations on how to manage and lower risks to their operations and profitability as the climate changes. 

Why this Matters: Climate change is creating increased financial risks — extreme weather events and sea-level rise threaten industries from real estate and construction to travel.

Continue Reading 444 words
Biden Signs EO to Evaluate and Mitigate Climate-Related Financial Risk

Biden Signs EO to Evaluate and Mitigate Climate-Related Financial Risk

Yesterday, President Biden signed an executive order on climate-related financial risk, a cross-governmental plan that directs federal agencies to identify and mitigate financial risks presented by climate change to Americans, businesses, and the government itself. The administration said that Americans are already facing risks due to worsening extreme weather events and other climate threats and they deserve […]

Continue Reading 653 words
House Republicans Push Back On The Fed’s Efforts to “Green” US Financial Institutions

House Republicans Push Back On The Fed’s Efforts to “Green” US Financial Institutions

Politico reports that 47 Republican Members of Congress wrote the Chair of the Federal Reserve Board, Jerome Powell, to urge that the Fed refrain from requiring banks to conduct “stress” tests to determine their vulnerability to climate change. 

Why This Matters:  Really?  Does failing to test the ability of banks to withstand a major financial risk make the risk go away?  This is climate denial that will really cost our economy.

Continue Reading 507 words
Fannie and Freddie Mortgages Vastly Underestimate Flooding Risks

Fannie and Freddie Mortgages Vastly Underestimate Flooding Risks

Climate-induced flooding has inundated coastal cities, yet new reporting from Politico shows that government mortgage lenders like Fannie Mae and Freddie Mac continue to pump money into severely flood-prone property markets.  As such in the Florida town of Hialeah, federal taxpayers hold greater than 60% of home mortgages. And as Politico explained, “if the homes […]

Continue Reading 603 words
The Climate Impacts on Real Estate

The Climate Impacts on Real Estate

Yesterday, the real estate listing site Realtor.com made a major step in disclosing climate risks associated with listed homes. As NPR reported, the site has “become the first site to disclose information about a home’s flood risk and how climate change could increase that risk in the coming decades, potentially signaling a major shift in consumers’ […]

Continue Reading 220 words

Want the planet in your inbox?

Subscribe to the email that top lawmakers, renowned scientists, and thousands of concerned citizens turn to each morning for the latest environmental news and analysis.