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Displaying 60 of about 763 resultsClimate change poses new challenges to central banks, regulators and supervisors. This book reviews ways of addressing these new risks within central banks’ financial stability mandate. However, integrating climate-related risk analysis into financial stability monitoring is particularly challenging because of the radical uncertainty associated with a p…
This act repeals the 2006 National disaster risk management framework, establishing a new framework to strengthen the institutional capacity for disaster management of Bhutan and for a better mainstreaming of disaster risk reduction (DRR). The purpose of this act is to provide for: (i) the establishment and strengthening of institutional capacity for di…
This study argues that the focus on insurance by developed countries is too narrow and comes at the expense of a serious consideration of other options. Insurance is only one tool in a much larger toolbox. The emphasis on insurance is also self-serving and diverts the focus from the failure of developed countries to provide adequate and predictable publ…
This report from the UK House of Commons Environmental Audit Committee provides an overview of the risks of climate change on financial institutions in the UK, with a particular focus on the impact of these risks on financial decision-making across the country. The report discusses the physical risks of climate change, liability risks and transition ris…
The purpose of this document is to provide a short and handy reference for investors on the basic concepts of climate resilience and to signpost a number of tools and resources relating to its management.
Section 1 outlines the core concepts of climate resilience; Section 2 describes the two different views of climate resilience that investors require:…
The Building a resilient tourism industry: Queensland Tourism Climate Change Response Plan (Tourism Sector Adaptation Plan) provides a roadmap for the tourism industry to respond proactively to climate change, and to lead the way as a steward for the environment and a key contributor to community wellbeing.
This plan, guided by input from the tourism i…
This technical note examines how innovative products and services can be developed in public and private weather services. The lean startup methodology described in detail by Reis (2011) is an essential tool that supports an entrepreneurial business, applicable to any sector—government, private, academic, non-profit. The weather enterprise must con…
The report 'The Climate Risk Landscape: Mapping Climate-related Financial Risk Assessment Methodologies' provides a summary of the key developments across third party climate risk assessment providers since May 2019, including new and updated scenarios, methodological tools, key guidelines, as well as an overview of the changing regulatory landscap…
This Connecting Business initiative (CBi) document presents the importance of gender in private sector and disaster management, as well as the interconnections between these themes. Developed in two months as a starting point to a new thematic area for the Connecting Business initiative (CBi), the document holds the following chapters:
The rele…
This document emphasizes the pressing need for implementing action in sub-Saharan Africa to build resilience and support sustainable development aligned with countries’ Nationally Determined Contributions (NDCs) under the Paris Agreement.
For achieving the active participation of the private sector in adaptation investments it proposes a multi-stakehol…
This document showcases a wide range of concrete examples over a decade of climate action spurred by the global Partners for Resilience (PfR) alliance. PfR aims to strengthen community resilience by integrating climate change adaptation and ecosystem management and restoration with disaster risk reduction (DRR), which they call Integrated Risk Managemen…
This study discusses how flooding places continuous stress on small- and medium-sized enterprises (SMEs) particularly in developing and transition economies that depend on their firms’ performance, but may have not fully developed flood protection infrastructure. Yet, detailed knowledge about whether and how firms take adaptation action against flood ha…
This paper presents research from collaboration between the Cyclone Testing Station (CTS) at James Cook University and insurer Suncorp over the last two years. A key outcome of this work has been an insurance premium reduction program by Suncorp known as the 'Cyclone Resilience Benefit'. Background research conducted for the program by the CTS is discus…
The Insurance Institute for Business & Home Safety (IBHS) has developed a new streamlined business continuity program for small businesses that may not have the time or resources to create an extensive plan to recover from business interruptions. IBHS is a leading national expert on preparing for, and repairing, rebuilding, and recovering from catas…
This report makes the case for building climate resilience as essential to future business survival. It projects that within 20 years, US$200bn of investment each year will be needed globally to combat US$1trn of losses from climate impacts. A third of this is likely to offer strong returns on investment. The balance will need more innovative public-pri…