Climate

• [New] African countries are now pushing to scale up funding tenfold by 2030 for global climate change mitigation and adaptation finance, calling the $100 billion package a political commitment and not based on the real needs of developing countries to tackle climate change. Brookings
• [New] Failure could further stall the process of decarbonizing the global economy, locking in the rapid temperature rises researchers say will bring more extreme weather events, accelerate sea level rise, and destabilize the climate systems on which we all depend. Forbes
• [New] Across the United States, there has been some mild pushback as tech companies build and expand data centers-conflicts likely to grow as water becomes a more precious resource amid the threat of climate change and as the demand for cloud computing grows. phys.org
• [New] The fear among climate campaigners is that developing countries will lose trust in the financial promises made by the UK - and other richer nations - to help them adapt their economies to climate change. BBC News
• [New] Financial Stability Oversight Council identifies climate change as an emerging and increasing threat to financial stability of the United States. Netzender
• [New] The demand for ESG data is skyrocketing as today's investors need a holistic picture of potential material ESG issues facing their portfolio companies to fulfill regulatory requirements, meet client demand, and mitigate portfolio risk. The Trade
• [New] HYG is one of the most widely used high yield bond ETFs, with exposure to a broad range of US high yield corporate bonds, while LQD has exposure to US dollar-denominated, investment-grade corporate bonds, allocating 95% of its total assets in investment-grade corporate bonds to mitigate credit risk. ETF Express
• [New] Dwindling supplies of fresh water pose a material business risk: one estimate shows that the lack of clean fresh water threatens some $425 billion of value across more than 500 companies. McKinsey & Company
• [New] Climate change is altering the strategic landscape and shaping the security environment, posing complex threats to the United States and nations around the world. Washington Post
• [New] Climate change most likely will slow economic and human development in Central Africa, a region that already is conflict-prone and heavily reliant on humanitarian assistance. Director of National Intelligence
• [New] Climate change is likely to increase the risk of instability in countries in Central Africa and small island states in the Pacific, which clustered together form two of the most vulnerable areas in the world. Director of National Intelligence
• [New] As temperatures rise and more extreme effects manifest, there is a growing risk of conflict over water and migration, particularly after 2030, and an increasing chance that countries will unilaterally test and deploy large-scale solar geoengineering-creating a new area of geopolitical disputes. Director of National Intelligence
• [New] The Securities and Exchange Commission is working on a rule to require publicly traded companies to issue disclosures about their impact on and risks from climate change. American Banker
• [New] So far, the world's richest countries have consistently missed the targets for $100 billion a year in climate finance, a figure which will drastically help countries not only modernize industry but tackle adaptation and mitigation. Open Society Foundations
• [New] Heatwaves and their ability to exhaust and kill are only one of many public health threats on the rise, they found, as climate change warms the globe and sends weather patterns haywire. phys.org
• [New] Both climate change threats and the global efforts to address climate change will influence U.S. defense strategic interests, relationships, competition, and priorities. The White House
• [New] Climate change will increasingly exacerbate a number of risks to U.S. national security interests, from physical impacts that could cascade into security challenges, to how countries respond to the climate challenge. The White House
• [New] The continued absence of a national health and climate change adaptation plan is a glaring gap in Australia's preparedness, and continues to put the health and lives of Australians at risk. Medical Journal of Australia
• [New] The presence of a US submarine and other military operations pose a threat to regional security in the South China Sea. Manila Standard
• [New] More broadly, the events of 2021 have highlighted how changing weather patterns due to climate change are a growing risk to energy markets, affecting both demand and supply. World Bank
• [New] The US intelligence community identifies 11 countries and two regions where energy, food, water and health security are at particular risk. BBC News

Last updated: 25 October 2021