Edition for 22 April 2020

Top Stories

Can coastal cities turn the tide on rising flood risk? (McKinsey)

  • In Climate risk and response: Physical hazards and socioeconomic impacts, we measured the impact of climate change by the extent to which it could affect human beings, human-made physical assets, and the natural world.
  • In order to link physical climate risk to socioeconomic impact, we investigated cases that illustrated exposure to climate change extremes and proximity to physical thresholds.
  • To inform our selection of cases, we considered over 30 potential combinations of climate hazards, sectors, and geographies based on a review of the literature and expert interviews on the potential direct impacts of physical climate hazards.

'Sustainability is the future': ESG funds outperform index (The Sydney Morning Herald)

  • Australian fund manager Pengana, which manages more than $3 billion for mostly individual investors, engaged London-based WHEB Asset Management in August 2017 to offer clients a sustainable finance option.
  • The results mirror the findings of a research project by investment specialist Fidelity that identified a “remarkably strong” correlation between stronger market performance in companies with higher environmental, social and governance ratings.
  • Credit:Chris Hopkins “Our hypothesis when starting the research was that the companies with good sustainability characteristics have more prudent and conservative management teams and will therefore demonstrate greater resilience in a market crisis,” Fidelity’s global head of stewardship and sustainable investing Jenn-Hui Tan said.

How to reduce emissions as much as possible at the lowest cost (Brookings)

  • Efforts to mitigate the horrific global health crisis caused by COVID-19 have caused a significant decline in emissions and other pollutants.
  • But, obviously, we need a better solution to emissions reductions than stopping the economy.
  • An economy-wide price on carbon offers a cost-effective strategy to achieve emissions reductions.

As Part of Its Plan to be Net Zero Carbon by 2040, Amazon Commits $10 Million to Restore and Conserve 4 Million Acres of Forest in the Appalachians and other U.S. Regions in Partnership with The Nature Conservancy (Business Wire Natural Resources News)

  • Nature-based solutions refer to the sustainable management and use of nature for tackling challenges such as removing carbon from the atmosphere to slow climate change and helping maintain water and food security, biodiversity protection, human health, and disaster risk management.
  • This funding will initially support projects in Pennsylvania and Vermont that will help family forest owners sequester carbon and support expansion across the Appalachians in a network of climate-resilient forests that scientists at The Nature Conservancy have identified as most able to thrive in the face of climate change.
  • This is the first project from Amazon’s $100 million Right Now Climate Fund, an initiative to remove carbon from the atmosphere through the restoration and conservation of forests, wetlands, grasslands and peatlands around the world.

How Is the Coronavirus Pandemic Affecting Climate Change? (Wired)

  • The two are intimately linked: As you’d expect, emissions have fallen as people drive less and industries grind to a halt.
  • Back in February, an analysis by the climate group Carbon Brief found that as the pandemic seized hold of China’s economy and heavy industries shuttered, emissions from the country plummeted by an incredible 25 percent.
  • Another analysis by Carbon Brief in early April estimated that globally this year, emissions could fall by 5.5 percent from 2019 levels.

Enviva Announces Its Responsible Sourcing Policy Goals for 2020 (Business Wire Manufacturing News)

  • Enviva, a leading global energy company specializing in sustainable wood bioenergy, today published its 2020 Implementation Plans, a detailed proposal of new goals and initiatives to continue to deliver on the company’s commitment to responsible and sustainable wood sourcing.
  • Enviva sources its wood pursuant to its global Responsible Sourcing Policy (RSP) – its standing environmental pledge that ensures the company’s wood is sourced according to its strict environmental standards.
  • “In today’s challenging pandemic environment, we continue to focus on our mission to improve environmental outcomes for forests and people and to mitigate climate change,” said Dr. Jennifer Jenkins, Vice President and Chief Sustainability Officer at Enviva.

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