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Climate Justice: Integrating Economics and Philosophy


Climate justice requires sharing the burdens and benefits of climate change and its resolution equitably and fairly. It brings together justice between generations and justice within generations. In particular it requires that attempts to address justice between generations through various interventions designed to curb greenhouse emissions today do not end up creating injustice in our time by hurting the currently poor and vulnerable. The United Nations Sustainable Development Goals (SDGs) summit in September 2015, and the Conference of Parties (COP) to the Framework Convention on Climate Change in Paris in December 2015, brought climate change and its development impact centre stage in global discussions. In the run up to Paris, Mary Robinson, former President of Ireland and UN Secretary General's Special Envoy for Climate Change, instituted the Climate Justice Dialogue "to mobilize political will and creative thinking to shape an ambitious and just international climate agreement in 2015". The editors of this volume, an economist and a philosopher, served on the High Level Advisory Committee of the Climate Justice Dialogue. They noted the overlap and mutual enforcement between the economic and philosophical discourses on climate justice. But they also noted the great need for these strands to come together to support the public and policy discourse. Climate Justice: Integrating Economics and Philosophy is the result. Bringing together contributions from economists and philosophers, Climate Justice illustrates the different approaches, how they overlap and interact, and what they have already learned from each other and might still have to learn.

Climate Justice and the Economy: Social mobilization, knowledge and the political (Routledge Advances in Climate Change Research)

by Stefan Gaarsmand Jacobsen

As climate change has increasingly become the main focus of environmentalist activism since the late 1990s, the global economic drivers of CO2 emissions are now a major concern for radical greens. In turn, the emphasis on connected crises in both natural and social systems has attracted more activists to the Climate Justice movement and created a common cause between activists from the Global South and North. In the absence of a pervasive narrative of transnational or socialist economic planning to prevent catastrophic climate change, these activists have been eager to engage with advanced knowledge and ideas on political and economic structures that diminish risks and allow for new climate agency. This book breaks new ground by investigating what kind of economy the Climate Justice movement is calling for us to build and how the struggle for economic change has unfolded so far. Examining ecological debt, just transition, indigenous ecologies, social ecology, community economies and divestment among other topics, the authors provide a critical assessment and a common ground for future debate on economic innovation via social mobilization. Taking a transdisciplinary approach that synthesizes political economy, history, theory and ethnography, this volume will be of great interest to students and scholars of climate justice, environmental politics and policy, environmental economics and sustainable development.

Climate Justice and the Economy: Social mobilization, knowledge and the political (Routledge Advances in Climate Change Research)

by Stefan Gaarsmand Jacobsen

As climate change has increasingly become the main focus of environmentalist activism since the late 1990s, the global economic drivers of CO2 emissions are now a major concern for radical greens. In turn, the emphasis on connected crises in both natural and social systems has attracted more activists to the Climate Justice movement and created a common cause between activists from the Global South and North. In the absence of a pervasive narrative of transnational or socialist economic planning to prevent catastrophic climate change, these activists have been eager to engage with advanced knowledge and ideas on political and economic structures that diminish risks and allow for new climate agency. This book breaks new ground by investigating what kind of economy the Climate Justice movement is calling for us to build and how the struggle for economic change has unfolded so far. Examining ecological debt, just transition, indigenous ecologies, social ecology, community economies and divestment among other topics, the authors provide a critical assessment and a common ground for future debate on economic innovation via social mobilization. Taking a transdisciplinary approach that synthesizes political economy, history, theory and ethnography, this volume will be of great interest to students and scholars of climate justice, environmental politics and policy, environmental economics and sustainable development.

Climate Liberalism: Perspectives on Liberty, Property and Pollution (Palgrave Studies in Classical Liberalism)

by Jonathan H. Adler

Climate Liberalism examines the potential and limitations of classical-liberal approaches to pollution control and climate change. Some successful environmental strategies, such as the use of catch-shares for fisheries, instream water rights, and tradable emission permits, draw heavily upon the classical liberal intellectual tradition and its emphasis on property rights and competitive markets. This intellectual tradition has been less helpful, to date, in the development or design of climate change policies. Climate Liberalism aims to help fill the gap in the academic literature examining the extent to which classical-liberal principles, including an emphasis on property rights, decentralized authority and dynamic markets, can inform the debate over climate-change policies. The contributors in this book approach the topic from a range of perspectives and represent multiple academic disciplines. Chapters consider the role of property rights and common-law legal systems in controlling pollution, the extent to which competitive markets backed by legal rules encourage risk minimization and adaptation, and how to identify the sorts of policy interventions that may help address climate change in ways that are consistent with liberal values.

Climate Literacy and Innovations in Climate Change Education: Distance Learning for Sustainable Development (Climate Change Management)

by Ulisses M. Azeiteiro Walter Leal Filho Luísa Aires

This book addresses the links between climate change and the threats it poses to sustainable development, from a distance education perspective. Discussing current trends and challenges in sustainable development education, climate literacy and innovations in climate change education, it contributes to the global debate on the implementation of education for sustainability. It also assesses the role that e-learning can play in this process, addressing pedagogical concepts as well as the wide range of technological options now available.

Climate Mitigation and Adaptation in China: Policy, Technology and Market

by Jun Fu Dongxiao Zhang Ming Lei

Climate change is a huge challenge to humanity in the 21th century. In view of China’s recent pledge to the international community to peak carbon emissions before 2030 and achieve carbon neutrality by 2060, this book examines climate mitigation and adaptation efforts in China through the prism of the steel sector, and it does so from three interrelated perspectives, i.e., policy, technology, and market. The book argues that in developing the country’s strategy towards green growth, over the years there has been a positive and interactive relationship between China’s international commitments and domestic agenda setting in mitigation and adaptation to the impact of climate change. To illustrate China’s efforts, two special areas, i.e., carbon capture, utilization and storage (CCUS) and emissions-trading system (ETS), have received focused examination. Along the spectrum of low-carbon, zero-carbon, and negative-carbon strategies, this study ends with a simulation model which outlines different policy scenarios, challenges, and uncertainties, as China moves further on, trying to achieve carbon neutrality in 2060. The book will be of interest to scholars, policy-makers, and business executives who want to understand China’s growing role in the world.

Climate Neutral and Resilient Farming Systems: Practical Solutions for Climate Mitigation and Adaptation (Earthscan Food and Agriculture)

by Udaya Sekhar Nagothu

This book presents evidence-based research on climate-neutral and resilient farming systems and further to provide innovative and practical solutions for reducing greenhouse gas emissions and mitigating the impact of climate change. Intensive farming systems are a significant source of greenhouse gas emissions, thereby contributing to global warming and the acceleration of climate change. As paddy rice farming is one of the largest contributors, and most environmentally damaging farming systems, this will be a particular focus of the book. The mitigation of greenhouse gas emissions needs to be urgently addressed to achieve the 2 degrees Celsius target adopted by COP21 and the 2015 Paris Agreement, but this is not possible if local and national level innovations are not accompanied by international level cooperation, mutual learning and sharing of knowledge and technologies. This book, therefore, brings together international collaborative research on climate-neutral and resilient farming systems compiled by leading scientists and experts from Europe, Asia and Africa. The chapters present evidence-based research and innovative solutions that can be applied or upscaled in different farming systems and regions across the world. Chapters present models and technologies that can be used for practical implementation at the systemic level and advance state of the art knowledge on carbon neutral farming. Combining theory and practice, this interdisciplinary book provides guidance which can inform and increase cooperation between researchers from various countries on climate-neutral and resilient farming systems. Most importantly, the volume provides recommendations which can be put into practice by those working in the agricultural industry, especially in developing countries, where they are attempting to promote climate-neutral and resilient farming systems. The book will be of great interest to students and academics of sustainable agriculture, food security, climate mitigation and sustainable development, in addition to policymakers and practitioners working in these areas.

Climate Neutral and Resilient Farming Systems: Practical Solutions for Climate Mitigation and Adaptation (Earthscan Food and Agriculture)

by Udaya Sekhar Nagothu

This book presents evidence-based research on climate-neutral and resilient farming systems and further to provide innovative and practical solutions for reducing greenhouse gas emissions and mitigating the impact of climate change. Intensive farming systems are a significant source of greenhouse gas emissions, thereby contributing to global warming and the acceleration of climate change. As paddy rice farming is one of the largest contributors, and most environmentally damaging farming systems, this will be a particular focus of the book. The mitigation of greenhouse gas emissions needs to be urgently addressed to achieve the 2 degrees Celsius target adopted by COP21 and the 2015 Paris Agreement, but this is not possible if local and national level innovations are not accompanied by international level cooperation, mutual learning and sharing of knowledge and technologies. This book, therefore, brings together international collaborative research on climate-neutral and resilient farming systems compiled by leading scientists and experts from Europe, Asia and Africa. The chapters present evidence-based research and innovative solutions that can be applied or upscaled in different farming systems and regions across the world. Chapters present models and technologies that can be used for practical implementation at the systemic level and advance state of the art knowledge on carbon neutral farming. Combining theory and practice, this interdisciplinary book provides guidance which can inform and increase cooperation between researchers from various countries on climate-neutral and resilient farming systems. Most importantly, the volume provides recommendations which can be put into practice by those working in the agricultural industry, especially in developing countries, where they are attempting to promote climate-neutral and resilient farming systems. The book will be of great interest to students and academics of sustainable agriculture, food security, climate mitigation and sustainable development, in addition to policymakers and practitioners working in these areas.

A Climate of Success

by Roderic Gray

Could your organization be a better place to work? What effect would that have on the quality and quantity of what gets done?This book examines the concept of organizational climate ('what it feels like to work here') in a readable and accessible way without sacrificing academic rigour. Using case studies to illustrate the causes and consequences of various climate factors, it makes practical suggestions for how improvements can be made - to everyone's benefit.Building on current research, this book shows how perceptions of climate arise, the effects they can have on performance, and how managers can influence these perceptions and apply their understanding to improve their own and their people's effectiveness.

A Climate of Success

by Roderic Gray

Could your organization be a better place to work? What effect would that have on the quality and quantity of what gets done?This book examines the concept of organizational climate ('what it feels like to work here') in a readable and accessible way without sacrificing academic rigour. Using case studies to illustrate the causes and consequences of various climate factors, it makes practical suggestions for how improvements can be made - to everyone's benefit.Building on current research, this book shows how perceptions of climate arise, the effects they can have on performance, and how managers can influence these perceptions and apply their understanding to improve their own and their people's effectiveness.

Climate Policy Assessment: Asia-Pacific Integrated Modeling

by Mikiko Kainuma Yuzuru Matsuoka Tsuneyuki Morita

The Asia–Pacific Integrated Model (AIM) brings together more than 20 computer simulation models for development and analysis of policy in such diverse fields as climate change mitigation, air pollution abatement, and ecosystem preservation. This first book in a series on the development of AIM focuses on climate change issues and the evaluation of policy options to stabilize the global climate. It presents an overview of the models developed to date, their structure, and the results and analyses presented to policymakers and researchers at the levels of individual Asian countries, the Asia–Pacific region, and the world at large. The contents vary in scope from local to global issues, with discussions of the effects of climate policies, cost analyses of climate policies with their effects on trade, and global scenario analyses. Also included are impact analyses and the effects of promoting environmental technologies.

Climate Policy Integration: A Comparative Analysis of Land Use Change and Energy Sectors in Indonesia and Mexico (Springer Climate)

by Heiner von Lüpke

This book analyzes climate policy integration processes by investigating cause-effect relations in cases of integrating climate policy in energy and land-use sectors of Indonesia and Mexico, taking a novel comparative case study approach. The book identifies root causes for integration outside of the public administration, discussing decisive factors in the political economy of the energy and land-use sectors. Showing how policy windows may open for the successful integration of climate policies nevertheless, the book addresses the need to identify and properly use these windows to establish the administrative and institutional arrangements for effective climate policy implementation. This book offers two-fold insights for overcoming the challenges posed by climate policy integration: Firstly, it contributes to theory-building by amending theories of the policy process and by taking a wider perspective on the role of integration in the context of transformational change processes in emerging economies. Secondly, it sets forth a set of research-based practical policy recommendations on how to foster climate policy integration in the political decision-making processes as well as the public administration structures. Therefore, this book will appeal to scholars and researchers of public policy, public administration, political science, and environmental sciences, as well as policy-makers and practitioners interested in a better understanding of climate policy integration in energy and land-use sectors.

A Climate Policy Revolution: What the Science of Complexity Reveals about Saving Our Planet

by Roland Kupers

Humanity’s best hope for confronting the looming climate crisis rests with the new science of complexity. The sheer complexity of climate change stops most solutions in their tracks. How do we give up fossil fuels when energy is connected to everything, from great-power contests to the value of your pension? Global economic growth depends on consumption, but that also produces the garbage now choking the oceans. To give up cars, coal, or meat would upend industries and entire ways of life. Faced with seemingly impossible tradeoffs, politicians dither and economists offer solutions at the margins, all while we flirt with the sixth extinction. That’s why humanity’s last best hope is the young science of complex systems. Quitting coal, making autonomous cars ubiquitous, ending the middle-class addiction to consumption: all necessary to head off climate catastrophe, all deemed fantasies by pundits and policymakers, and all plausible in a complex systems view. Roland Kupers shows how we have already broken the interwoven path dependencies that make fundamental change so daunting. Consider the mid-2000s, when, against all predictions, the United States rapidly switched from a reliance on coal primarily to natural gas. The change required targeted regulations, a few lone investors, independent researchers, and generous technology subsidies. But in a stunningly short period of time, shale oil nudged out coal, and carbon dioxide emissions dropped by 10 percent. Kupers shows how to replicate such patterns in order to improve transit, reduce plastics consumption, and temper the environmental impact of middle-class diets. Whether dissecting China’s Ecological Civilization or the United States’ Green New Deal, Kupers describes what’s folly, what’s possible, and which solutions just might work.

Climate Policy Under Intergenerational Discounting: An Application of the Dynamic Integrated Climate-Economy Model (BestMasters)

by Jonathan Orlando Zaddach

In this thesis, Orlando Zaddach applies a discounting scheme derived by Krysiak (2010) in the latest DICE model and presents its implications for optimal climate policy. Furthermore, he carries out a one-factor-at-a-time (OFAT) sensitivity analysis to check the discounting scheme for robustness. It turns out that the proposed discounting scheme fails in incorporating consumer sovereignty and intergenerational equity sufficiently.

Climate Positive Business: How You and Your Company Hit Bold Climate Goals and Go Net Zero

by David Jaber

This is the decade for climate action. Internal and external stakeholders demand action. How we choose to act in the next ten years will determine our foreseeable future. Businesses hold a critical role for climate futures. The need for businesses to reduce their carbon footprint is now unquestioned, but how to achieve reductions in a credible way is neither clear nor easy once you’ve tackled the obvious energy culprits. Climate Positive Business lays out the path of business climate strategy, highlighting how your business must set goals, measure impact, and improve performance. Greenhouse gas protocols can instruct you on the core accounting process that lies at the heart of climate strategy. At least as important to success are the details that protocols don’t tell you: the sticking points; the areas of controversy, and the best practices. Rooted in real experience and written in an entertaining and engaging style, this book provides you with the tips, tools, and techniques to tackle your company’s carbon footprint, and it helps you do so in a way that is credible and appropriately ambitious to meet stakeholder expectations. The book will equip you with tools to think critically about GHG reduction, carbon offsets, and carbon removal, as well as help ensure we collectively implement real solutions to slow and eventually reverse the climate crisis. It includes lessons learned from real-world consulting projects and provides a plan of action for readers to implement. A go-to book for business looking to understand, manage, and reduce their carbon footprint, it is an invaluable resource for sustainable business practitioners, consultants, and those aspiring to become climate champions.

Climate Positive Business: How You and Your Company Hit Bold Climate Goals and Go Net Zero

by David Jaber

This is the decade for climate action. Internal and external stakeholders demand action. How we choose to act in the next ten years will determine our foreseeable future. Businesses hold a critical role for climate futures. The need for businesses to reduce their carbon footprint is now unquestioned, but how to achieve reductions in a credible way is neither clear nor easy once you’ve tackled the obvious energy culprits. Climate Positive Business lays out the path of business climate strategy, highlighting how your business must set goals, measure impact, and improve performance. Greenhouse gas protocols can instruct you on the core accounting process that lies at the heart of climate strategy. At least as important to success are the details that protocols don’t tell you: the sticking points; the areas of controversy, and the best practices. Rooted in real experience and written in an entertaining and engaging style, this book provides you with the tips, tools, and techniques to tackle your company’s carbon footprint, and it helps you do so in a way that is credible and appropriately ambitious to meet stakeholder expectations. The book will equip you with tools to think critically about GHG reduction, carbon offsets, and carbon removal, as well as help ensure we collectively implement real solutions to slow and eventually reverse the climate crisis. It includes lessons learned from real-world consulting projects and provides a plan of action for readers to implement. A go-to book for business looking to understand, manage, and reduce their carbon footprint, it is an invaluable resource for sustainable business practitioners, consultants, and those aspiring to become climate champions.

Climate Protection and Environmental Interests in Renewable Energy Law: Perspectives from Brazil and Germany

by Paula Galbiatti Silveira

This book is about environmental and climate legal protection in the energy transition. The Paris Agreement has a binding commitment of holding the global temperature increase to 2°C while pursuing efforts to limit it to 1.5°C. To cope with the negative effects of climate changes and mitigate greenhouse gas emissions, one of the primary responses has been the deployment of renewable energy sources, transiting from fossil fuels to sustainable electricity production. However, renewable energy sources can also cause significant environmental impacts. Wind energy, for instance, can impact biodiversity, such as birds and bats, killing them when colliding with turbines and affecting their migration and nesting.This results in conflicts in environmental law. This book questions whether, in the energy transition, the generation of electricity from renewable sources to protect the climate is compatible with the protection of the environment, both interests in environmental law.To address this question, this book follows a legal-environmental perspective and assesses the common problem of solving those internal environmental conflicts in Brazilian and German law to understand and compare whether and how both legal systems solve the conflicts by compatibilizing the protection of the climate with other environmental interests. The legal analysis focuses on land-use planning and environmental licensing, assessing similarities and differences, and evaluating the results, identifying what one country can learn from the other.

Climate-Resilient Development: Participatory solutions from developing countries (Routledge Studies in Sustainable Development)

by Astrid Carrapatoso Edith Kürzinger

The concept of resilience currently infuses policy debates and public discourse, and is promoted as a normative concept in climate policy making by governments, non-governmental organizations, and think-tanks. This book critically discusses climate-resilient development in the context of current deficiencies of multilateral climate management strategies and processes. It analyses innovative climate policy options at national, (inter-)regional, and local levels from a mainly Southern perspective, thus contributing to the topical debate on alternative climate governance and resilient development models. Case studies from Africa, Asia, and Latin America give a ground-level view of how ideas from resilience could be used to inform and guide more radical development and particularly how these ideas might help to rethink the notion of 'progress' in the light of environmental, social, economic, and cultural changes at multiple scales, from local to global. It integrates theory and practice with the aim of providing practical solutions to improve, complement, or, where necessary, reasonably bypass the UNFCCC process through a bottom-up approach which can effectively tap unused climate-resilient development potentials at the local, national, and regional levels. This innovative book gives students and researchers in environmental and development studies as well as policy makers and practitioners a valuable analysis of climate change mitigation and adaptation options in the absence of effective multilateral provisions.

Climate-Resilient Development: Participatory solutions from developing countries (Routledge Studies in Sustainable Development)

by Astrid Carrapatoso Edith Kürzinger

The concept of resilience currently infuses policy debates and public discourse, and is promoted as a normative concept in climate policy making by governments, non-governmental organizations, and think-tanks. This book critically discusses climate-resilient development in the context of current deficiencies of multilateral climate management strategies and processes. It analyses innovative climate policy options at national, (inter-)regional, and local levels from a mainly Southern perspective, thus contributing to the topical debate on alternative climate governance and resilient development models. Case studies from Africa, Asia, and Latin America give a ground-level view of how ideas from resilience could be used to inform and guide more radical development and particularly how these ideas might help to rethink the notion of 'progress' in the light of environmental, social, economic, and cultural changes at multiple scales, from local to global. It integrates theory and practice with the aim of providing practical solutions to improve, complement, or, where necessary, reasonably bypass the UNFCCC process through a bottom-up approach which can effectively tap unused climate-resilient development potentials at the local, national, and regional levels. This innovative book gives students and researchers in environmental and development studies as well as policy makers and practitioners a valuable analysis of climate change mitigation and adaptation options in the absence of effective multilateral provisions.

Climate Risk and Business: New Challenges for Organizations

by Anna Dowbiggin

Addressing the urgency of radical decarbonization as a mitigative response to climate risk, this book explores how business can respond to the challenges of climate risk, through various transformational processes. Those processes involve cognitive transformations, organizational changes, climate risk integration into risk management practices, shifts in corporate reporting and disclosure as well as futuristic scenario-based planning beyond normal business planning cycles. Though much has already been written on corporate sustainability efforts, there is a greater need now for building mitigative capacity at the firm level, in alignment with shifting policy and regulatory regimes. Theoretical and empirical work on these areas is addressed in the novel thought experiment approach of this book. A research agenda for future work is provided.

Climate Risk and Resilience in China

by Rebecca Nadin Sarah Opitz-Stapleton Xu Yinlong

China has been subject to floods, droughts and heat waves for millennia; these hazards are not new. What is new is how rapidly climate risks are changing for different groups of people and sectors. This is due to the unprecedented rates of socio-economic development, migration, land-use change, pollution and urbanisation, all occurring alongside increasingly more intense and frequent weather hazards and shifting seasons. China’s leadership is facing a significant challenge – from conducting and integrating biophysical and social vulnerability and risk assessments and connecting the information from these to policy priorities and time frames, to developing and implementing policies and actions at a variety of scales. It is within this challenging context that China’s policy makers, businesses and citizens must manage climate risk and build resilience. This book provides a detailed study of how China has been working to understand and respond to climatic risk, such as droughts and desertification in the grasslands of Inner Mongolia to deadly typhoons in the mega-cities of the Pearl River Delta. Using research and data from a wide range of Chinese sources and the Adapting to Climate Change in China (ACCC) project, a research-to-policy project, this book provides a fascinating glimpse into how China is developing policies and approaches to manage the risks and opportunities presented by climate change. This book will be of interest to those studying global and Chinese climate change policy, regional food, water and climate risk, and to policy advisors.

Climate Risk and Resilience in China

by Rebecca Nadin Sarah Opitz-Stapleton Xu Yinlong

China has been subject to floods, droughts and heat waves for millennia; these hazards are not new. What is new is how rapidly climate risks are changing for different groups of people and sectors. This is due to the unprecedented rates of socio-economic development, migration, land-use change, pollution and urbanisation, all occurring alongside increasingly more intense and frequent weather hazards and shifting seasons. China’s leadership is facing a significant challenge – from conducting and integrating biophysical and social vulnerability and risk assessments and connecting the information from these to policy priorities and time frames, to developing and implementing policies and actions at a variety of scales. It is within this challenging context that China’s policy makers, businesses and citizens must manage climate risk and build resilience. This book provides a detailed study of how China has been working to understand and respond to climatic risk, such as droughts and desertification in the grasslands of Inner Mongolia to deadly typhoons in the mega-cities of the Pearl River Delta. Using research and data from a wide range of Chinese sources and the Adapting to Climate Change in China (ACCC) project, a research-to-policy project, this book provides a fascinating glimpse into how China is developing policies and approaches to manage the risks and opportunities presented by climate change. This book will be of interest to those studying global and Chinese climate change policy, regional food, water and climate risk, and to policy advisors.

Climate Risk in Africa: Adaptation and Resilience

by Declan Conway Katharine Vincent

This open access book highlights the complexities around making adaptation decisions and building resilience in the face of climate risk. It is based on experiences in sub-Saharan Africa through the Future Climate For Africa (FCFA) applied research programme. It begins by dealing with underlying principles and structures designed to facilitate effective engagement about climate risk, including the robustness of information and the construction of knowledge through co-production. Chapters then move on to explore examples of using climate information to inform adaptation and resilience through early warning, river basin development, urban planning and rural livelihoods based in a variety of contexts. These insights inform new ways to promote action in policy and praxis through the blending of knowledge from multiple disciplines, including climate science that provides understanding of future climate risk and the social science of response through adaptation.The book will be of interest to advanced undergraduate students and postgraduate students, researchers, policy makers and practitioners in geography, environment, international development and related disciplines.

Climate Risks: An Investor's Field Guide to Identification and Assessment (The Wiley Finance Series)

by Bob Buhr

Assess the likelihood, timing and scope of climate risks In Climate Risks: An Investor’s Field Guide to Identification and Assessment, financial analyst Bob Buhr delivers a risk-based framework for classifying and measuring potential climate risks at the firm level, and their potential financial impacts. The author presents a “climate risk taxonomy” that encompasses a broad range of physical, transition and natural capital risks that may impact a firm’s financial profile. The taxonomy presented in the book will be of interest to investors and lenders involved in: The identification and assessment of the potential scope and impact of a wide range of risks that might normally remain outside of more traditional risk or credit analysis, usually for horizon issues; The determination of the points at which climate risks may crystallize into real and significant financial exposure The assessment of the relative aggregate riskiness of portfolios exposed to climate and natural capital risks at the firm levelA rigorous and practical toolkit for the assessment and measurement of a broad range of potential climate risks, this book offers fund managers, portfolio analysts, risk experts, and other finance professionals a clear blueprint for assessing potential financial impacts at firms arising from climate change.

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