Managing Climate Risks, Facing up to Losses and Damages

Managing Climate Risks, Facing up to Losses and Damages PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264439668
Category :
Languages : en
Pages : 360

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Book Description
This report addresses the urgent issue of climate-related losses and damages. Climate change is driving fundamental changes to the planet with adverse impacts on human livelihoods and well-being, putting development gains at risk.

Managing Climate Risks, Facing up to Losses and Damages

Managing Climate Risks, Facing up to Losses and Damages PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264439668
Category :
Languages : en
Pages : 360

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Book Description
This report addresses the urgent issue of climate-related losses and damages. Climate change is driving fundamental changes to the planet with adverse impacts on human livelihoods and well-being, putting development gains at risk.

Shock Waves

Shock Waves PDF Author: Stephane Hallegatte
Publisher: World Bank Publications
ISBN: 1464806748
Category : Business & Economics
Languages : en
Pages : 227

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Book Description
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.

Development Policy as a Way to Manage Climate Change Risks

Development Policy as a Way to Manage Climate Change Risks PDF Author: Bert Metz
Publisher: Routledge
ISBN: 1136568190
Category : Political Science
Languages : en
Pages : 200

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Book Description
The integration of development and climate objectives is increasingly recognized as significant in research and policy making. In practice, some development aims, such as poverty alleviation, enhancing energy security and access or improving health, also have potential climate benefits. The challenge is to find a broadly applicable range of effective policies and actions that realize development objectives and at the same time result in real climate benefits. This special issue of the Climate Policy journal focuses on new evidence that identifies options for action, examining how development strategies, policies and decisions can be made more sustainable by integrating climate change considerations and overcoming the barriers that hinder implementation. It also explores what lessons exist for policy at the national and international level and looks at how promising options for local policies can be scaled-up through international initiatives. It also examines how international policy frameworks can create the conditions for integrated development and climate policies. The outcomes provide useful contributions to sustainable development planning on issues such as poverty reduction, rural development, disaster preparedness, energy and transport as well as to the discussions at national and international level regarding next steps to deal with climate change.

Managing Climate Risk in the U.S. Financial System

Managing Climate Risk in the U.S. Financial System PDF Author: Leonardo Martinez-Diaz
Publisher: U.S. Commodity Futures Trading Commission
ISBN: 057874841X
Category : Science
Languages : en
Pages : 196

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Book Description
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

Unbreakable

Unbreakable PDF Author: Stephane Hallegatte
Publisher: World Bank Publications
ISBN: 1464810044
Category : Nature
Languages : en
Pages : 380

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Book Description
'Economic losses from natural disasters totaled $92 billion in 2015.' Such statements, all too commonplace, assess the severity of disasters by noother measure than the damage inflicted on buildings, infrastructure, and agricultural production. But $1 in losses does not mean the same thing to a rich person that it does to a poor person; the gravity of a $92 billion loss depends on who experiences it. By focusing on aggregate losses—the traditional approach to disaster risk—we restrict our consideration to how disasters affect those wealthy enough to have assets to lose in the first place, and largely ignore the plight of poor people.This report moves beyond asset and production losses and shifts its attention to how natural disasters affect people’s well-being. Disasters are far greater threats to well-being than traditional estimates suggest. This approach provides a more nuanced view of natural disasters than usual reporting, and a perspective that takes fuller account of poor people’s vulnerabilities.As climate change magnifies natural hazards, and because protection infrastructure alone cannot eliminate risk, a more resilient population has never been more critical to breaking the cycle of disaster-induced poverty.

Climate Change and Sustainable Development

Climate Change and Sustainable Development PDF Author: Mohamed Abdel Rahim M. Salih
Publisher: Edward Elgar Publishing
ISBN: 1848449380
Category : Business & Economics
Languages : en
Pages : 337

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Book Description
. . . this book gives a good overview of major challenges facing policy makers, researchers and ultimately humankind in dealing with climate change. . . The reader also gets a good understanding of how fragmented and transversal the issues of climate change and sustainable development are. Quarterly Journal of International Agriculture . . . a unified, useful and stimulating book which should act as a springboard for further work into what is a very topical and extremely important issue for everyone in the world, not just academics and policymakers. This book serves its intended audience but also deserves to be more widely read. World Entrepreneurship Society Too often, writings on climate change are placed into two categories: climate-change deniers, and climate-change supporters. What this timely and insightful collection of Mohamed Salih s does, is to problematise the issue; taking the debate to a level where it desperately needs to be; asking the thorny questions of how do the politics and international relations of climate impact upon the most vulnerable; the least-affluent; the dwellers of the majority world. In short, Salih challenges us: How did the climate change about climate-change . The responses of his contributors are salient, to-the-point sometimes disturbing but always thought-provoking. Timothy Doyle, Keele University, UK Editing the proceedings of a symposium into a cogent and coherent book is no easy task. This book, a tribute to Professor Opschoor is no exception; with disperse contributions of some highly acclaimed authors covering a wide spectrum of themes. It is a credit to Professor Salih s insight to string them together in the introductory chapter and entice the reader to read on. This book has food for thought on many fronts, reaching far beyond climate change, as did the oeuvre of Hans Opschoor. . . an instructive read. Paul Vlek, Center for Development Research (ZEF), Bonn, Germany It is difficult, if not impossible, to formulate and implement sustainable policy without first understanding the dynamic relationships between nature, society, economics and technology, and research plays a pivotal role in this regard. Climate Change and Sustainable Development is an important book which deals with these issues in the context of climate change and the changing global context of development. It alerts us to the relationship climate change has with two urgent tasks: poverty reduction and sustainable development, which require efforts that span countries, regions and communities. In this interdependent world, argue the authors, a shared vision and common effort are vital to sustaining our life support system. It is a must read. Jacqueline Cramer, The Netherlands Minister for Spatial Planning and the Environment This unique book provides cutting-edge knowledge and analyses of the consequences that climate change will have for sustainable development and poverty reduction within the context of global development. Exploring alternative resource management approaches including federal resource management governance, ecosystem services, digital dematerialization, ecological cities, biofuels versus food, and children and climate change, this innovative volume provides fresh insights on the human condition with regards to the current debates on climate change. The distinguished contributors examine climate change induced processes that present profound challenges to sustainable development and poverty reduction at the local, national and global levels. This groundbreaking study will be a welcome addition for graduate and post-graduate students in development and environmental studies. It will also have great appeal to scientists, policy-makers and researchers in these fields.

Diversification and Cooperation in a Decarbonizing World

Diversification and Cooperation in a Decarbonizing World PDF Author: Grzegorz Peszko
Publisher: World Bank Publications
ISBN: 1464813418
Category : Nature
Languages : en
Pages : 169

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Book Description
This book is the first stocktaking of what the decarbonization ofthe world economy means for fossil fuel–dependent countries.These countries are the most exposed to the impacts of globalclimate policies and, at the same time, are often unprepared tomanage them. They depend on the export of oil, gas, or coal; the useof carbon-intensive infrastructure (for example, refineries, petrochemicals,and coal power plants); or both. Fossil fuel–dependentcountries face financial, fiscal, and macro-structural risks from thetransition of the global economy away from carbon-intensive fuelsand the value chains based on them. This book focuses on managingthese transition risks and harnessing related opportunities.Diversification and Cooperation in a Decarbonizing World identifiesmultiple strategies that fossil fuel–dependent countries canpursue to navigate the turbulent waters of a low-carbon transition.The policy and investment choices to be made in the next decade willdetermine these countries’ degree of exposure and overall resilience.Abandoning their comfort zones and developing completely newskills and capabilities in a time frame consistent with the ParisAgreement on climate change is a daunting challenge and requireslong-term revenue visibility and consistent policy leadership. Thisbook proposes a constructive framework for climate strategies forfossil fuel–dependent countries based on new approaches to diversificationand international climate cooperation. Climate policy leadersshare responsibility for creating room for all countries to contributeto the goals of the Paris Agreement, taking into account the specificvulnerabilities and opportunities each country faces.

Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature PDF Author: Signe Krogstrup
Publisher: International Monetary Fund
ISBN: 1513511955
Category : Business & Economics
Languages : en
Pages : 58

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Book Description
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.

Realising the 'Triple Dividend of Resilience'

Realising the 'Triple Dividend of Resilience' PDF Author: Swenja Surminski
Publisher: Springer
ISBN: 3319406949
Category : Business & Economics
Languages : en
Pages : 186

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Book Description
Why aren’t we investing more in disaster resilience, despite the rising costs of disaster events? This book argues that decision-makers in governments, businesses, households, and development agencies tend to focus on avoiding losses from disasters, and perceive the return on investment as uncertain – only realised if a somewhat unlikely disaster event actually happens. This book develops a new business case for investment based on the multiple dividends of resilience. This looks beyond only avoided losses (the first dividend) to the wider benefits gained independently of whether or not the disaster event occurs. These include unleashing entrepreneurial activities and productive investments by lowering the looming threat of losses from disasters and enabling businesses, farmers and homeowners to take positive risks (the second dividend); and co-benefits of resilience measures beyond just disaster risk (the third dividend), such as flood embankments in Bangladesh that double as roads, or wetlands in Colombo that reduce urban heat extremes.

Fiscal Policies for Development and Climate Action

Fiscal Policies for Development and Climate Action PDF Author: Miria A. Pigato
Publisher: World Bank Publications
ISBN: 9781464813580
Category : Business & Economics
Languages : en
Pages : 240

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Book Description
This report provides actionable advice on how to design and implement fiscal policies for both development and climate action. Building on more than two decades of research in development and environmental economics, it argues that well-designed environmental tax reforms are especially valuable in developing countries, where they can reduce emissions, increase domestic revenues, and generate positive welfare effects such as cleaner water, safer roads, and improvements in human health. Moreover, these reforms need not harm competitiveness. New empirical evidence from Indonesia and Mexico suggests that under certain conditions, raising fuel prices can actually increase firm productivity. Finally, the report discusses the role of fiscal policy in strengthening resilience to climate change. It provides evidence that preventive public investments and measures to build fiscal buffers can help safeguard stability and growth in the face of rising climate risks. In this way, environmental tax reforms and climate risk-management strategies can lay the much-needed fiscal foundation for development and climate action.