Tag

Climate Risk

All articles tagged with #climate risk

climate-change27 days ago•13 min saved

Systemiq Report Warns Himalayan Glaciers Are Melting 65% Faster, Threatening South Asia

A new report by consultancy Systemiq, produced with Indian government partners, finds that Himalayan glaciers are melting 65% faster than a decade ago. The study warns of a 'peak water' tipping point by mid-century, where catastrophic floods precede severe water scarcity for 2 billion people. This follows the August 2026 disaster in Nepal, which killed over 1,300 people and left thousands missing after a glacier collapse near Langtang Lirung triggered massive flash floods.

via Gizmodo|

#climate-change #climate-risk #glacial-melt

business4 months ago•15 min saved

SEC Moves to Scrap Mandatory Climate-Disclosure Rule

The U.S. Securities and Exchange Commission is moving to repeal a rule that would require publicly traded companies to disclose greenhouse gas emissions and climate-related risks, signaling a rollback of mandatory climate reporting and potentially reducing ESG transparency.

via AP News|

#business #climate-disclosure #climate-risk

business1 year ago•4 min saved

US Banking Regulators Drop Climate Risk Rules Amid Financial Concerns

US banking regulators have withdrawn guidelines requiring large financial institutions to consider climate-related risks, citing existing safety standards, despite concerns about increasing climate disasters and their economic impacts.

via Common Dreams|

#banking-regulations #business #climate-change

finance1 year ago•0 min saved

Fed's Stance Stalls Basel Climate Negotiations

The Federal Reserve has declined to support a Basel Committee proposal requiring banks to disclose climate risks, potentially stalling global efforts to integrate climate considerations into banking regulations. Despite adjustments made to accommodate the Fed, the proposal's future remains uncertain, with the possibility of it being shelved indefinitely.

via Bloomberg|

#banking-regulations #basel-committee #climate-risk

climate-change3 years ago•2 min saved

"Concerns Rise as Housing Market Bubble Threatens to Devalue 25% of Homes"

A new report by nonprofit First Street Foundation reveals that approximately one in four residential properties in the U.S. are overvalued in relation to their climate risk. As climate change leads to more frequent and severe extreme weather events, homes in states like California and Florida are particularly vulnerable to damages from hurricanes, floods, fires, and earthquakes. The research estimates that the number of homes destroyed by flames each year could double over the next three decades, reaching nearly 34,000 homes across the country. The overvaluation of homes due to climate risk has created a housing market bubble, with property values expected to decrease as the risk becomes more apparent. Major insurers are already leaving high-risk areas like Florida, and experts warn that states exposed to extreme weather events may become "uninsurable" in the future.

via Newsweek|

#climate-change #climate-risk #extreme-weather

climate-change3 years ago•1 min saved

California Governor Newsom to Sign Groundbreaking Climate Disclosure Bill for Big Business

California Governor Gavin Newsom announced his intention to sign two major bills aimed at increasing corporate climate disclosure. The first bill, CA SB253, would require companies earning at least $1 billion per year and operating in California to disclose their emissions. The second bill, CA SB261, would mandate large corporations to disclose their climate-related financial risks. These bills could have a significant impact on corporate transparency and climate risk assessment, potentially influencing national regulations. The legislation goes beyond proposed federal rules by including privately held companies and requiring full disclosure of supply chain emissions.

via POLITICO|

#california #climate-change #climate-disclosure

climate-change3 years ago•3 min saved

"Unprotected Africa: Weather Radar Deficiency Amplifies Climate Risks"

Africa is facing a "climate risk blind spot" due to a lack of weather radar and data collection, making it difficult to track and forecast weather patterns. The continent has just 37 radar facilities compared to Europe's 345 and North America's 291. This lack of data affects crucial development decisions and poses a significant challenge for Africa's adaptation to climate change. The Africa Climate Summit aims to address this issue and highlight the continent's vulnerability to climate change despite contributing the least to global warming. Proper forecasting is crucial for agriculture, energy, and disaster preparedness.

via Al Jazeera English|

#adaptation #africa #climate-change

finance3 years ago•2 min saved

Larry Fink's Warnings and Insights on Climate Investing, Tokenization, Inflation, and Innovation.

BlackRock CEO Larry Fink's annual letter to shareholders departs from previous years' emphasis on climate risk and ESG investments, but still acknowledges the importance of climate concerns as an investment risk. Fink positions BlackRock as offering choices to clients and takes a more hands-off approach to proxy voting than in years past. However, environmental groups caution against Fink's messaging on consumer choice, stating that BlackRock appears to be giving ground to those trying to undermine the finance sector's role in addressing the climate crisis.

via Axios|

#blackrock #climate-risk #energy-transition