Hear from Jane Stevensen of JS Global Advisory, as we examine the overall progress of the global energy transition. We always knew that the transition to net-zero wasn’t going to be smooth. Political realities must be considered, especially during a period of increased concern over energy security. A good recent example of political backsliding is the UK government’s controversial decision to grant over a hundred new oil and gas licenses in the North Sea, despite a legally binding commitment to ...
Sep 07, 2023•27 min•Season 1Ep. 53
Hear from Bob Buhr of the Imperial College Business School, as we explore ways of organizing the risks from climate change. A risk taxonomy is a key underpinning of enterprise risk management. Used by firms to create a common risk language, it underpins a range of activities, such as risk identification, risk appetite setting and risk horizon scanning. But when it comes to the risks arising from climate change, there has been a bit of a vacuum. Some firms have chosen to use ‘green’ taxonomies. B...
Jul 27, 2023•30 min•Season 1Ep. 52
Hear from Rohan Hamden, Co-Founder and CEO of XDI, as we examine how climate-related impacts are exceeding our models and why the need for adaptation has never been greater. Despite our best efforts to measure and model the physical risks from climate change, the impacts continue to outpace our expectations. Consequently, we are left dangerously unprepared for extreme weather events both now and in the future. This highlights the critical need for robust adaptation measures, as we move into deca...
Jul 06, 2023•33 min•Season 1Ep. 51
Hear from Mike Azlen, Founder and CEO of Carbon Cap Management, as we explore the ever-changing carbon markets and the future of emissions trading. The carbon markets can be very confusing. Between offsets, credits, permits, and allowances, it can be hard to understand the many ways emissions can be traded, as well as the different mechanisms for pricing them. Furthermore, as these markets and their participants mature, different strategies are emerging for how firms can transition to net-zero i...
Jun 15, 2023•35 min•Season 1Ep. 50
Hear from Nicky Dee, Co-Founder of Carbon13, as we take a closer look at the climate startup ecosystem and how it’s changing the way we decarbonize. Many sectors, especially hard-to-abate ones such as steel and cement, are failing to align with a 1.5-degree world and still require fundamental change to become viable in a low carbon economy. Recognizing that there is no one-size-fits-all solution, we often turn to innovation as a way to find creative solutions to decarbonization challenges. Many ...
May 25, 2023•33 min•Season 1Ep. 49
Hear from Natalia Dorfman, CEO & Co-Founder of Kita, as we explore the potential role of insurance in boosting the integrity of the voluntary carbon market. The voluntary carbon market will likely be an important tool in the transition to net-zero. Even if the world stopped emitting today, enormous amounts of greenhouse gas would still need to be removed from the atmosphere to limit warming to 1.5oC, which can only be achieved by carbon removal at scale. However, in its current state, the vo...
May 04, 2023•36 min•Season 1Ep. 48
Hear from Professor Jo Handelsman on the threats and opportunities that arise from soil – a vitally important resource that many of us take for granted and yet is at significant risk. Humans depend on soil for 95% of global food production, yet it is eroding at unsustainable rates. Climate change is making this worse, for example as rainstorms are projected to become more frequent and intense with a warming planet. This poses severe risks to our ability to feed a growing population. Yet, soil is...
Apr 13, 2023•36 min•Season 1Ep. 47
Hear from Chris Howland and Lars Popken of Deutsche Bank, as we delve into the complexities of incorporating climate risk within financial institutions. Measuring and managing the risks from climate change is often a challenge for many financial institutions, partly due to a lack of consistent data and analytical tools. As a result, many are still in the early stages of integrating climate within their day-to-day business and risk management processes. Beyond this, many have made net-zero commit...
Mar 28, 2023•35 min•Season 1Ep. 46
Hear from Dr. Nicola Ranger, Director of Climate and Environmental Analytics at the UK Centre for Greening Finance and Investment (CGFI), as we discuss the importance of climate adaptation. When discussing humanity’s response to climate change, we often draw a dividing line between the competing priorities of mitigation and adaptation. Simply put, mitigation measures are actions taken to reduce greenhouse gas emissions, while adaptation measures are based on reducing our vulnerability to the eff...
Mar 02, 2023•36 min•Season 1Ep. 45
Hear from Carys Taylor, Director of BAFTA’s albert programme, as we explore the issues of climate change and sustainability through the lens of film and television. The film and television sector may not have the biggest carbon footprint, but it still has an important role to play in the transition to net-zero. With 70% of the global population owning a TV, the film and television industry can have a significant influence on public debate. Moreover, changing demographics and technology are pushi...
Feb 09, 2023•32 min•Season 1Ep. 44
Hear from Jo Paisley and Maxine Nelson of the GARP Risk Institute as they look back on key learnings from the latest season of the Climate Risk Podcast. As we head into 2023, Maxine and Jo once again join forces to review the latest season of Climate Risk Podcasts, gleaning key insights from each guest and discussing ongoing trends in climate risk management. From scientists to CEOs, asset owners to archaeologists, we’ve upheld our promise to showcase a variety of different perspectives on clima...
Jan 19, 2023•34 min•Season 1Ep. 43
Hear from members of the UK’s Climate Financial Risk Forum, as we dive into their brand-new publications on climate litigation and physical risk. Part 1 | Litigation Risk Underwriting Guide | 00:00:00–00:15:54 Part 2 | Physical Risk Underwriting Guide | 00:15.54–00:36:13 The Climate Financial Risk Forum (CFRF) was set up in 2019 by the UK’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), to build capacity and share best practice across industry and the regulators...
Dec 08, 2022•37 min•Season 1Ep. 42
What climate books do you want for Christmas? Listen in to find out where to start on picking out those stocking fillers. In this special episode, Jo reunites with William McDonnell to discuss their top picks of climate books across all genres, from climate science to politics and economics, covering fiction and non-fiction. Although its light-hearted, there’s a deadly serious point: given the urgency of the climate crisis, we need to educate ourselves on the nature of the problem and the soluti...
Dec 01, 2022•34 min•Season 1Ep. 41
Hear from William McDonnell, COO of the Integrity Council for the Voluntary Carbon Market, as we discuss the role of carbon credits in the transition to net-zero, and what changes are needed to ensure that the voluntary market can function correctly. Sign up for GARP’s 2022 Climate Risk Symposium here ! Part I: Nov 22, 1:00 - 2:30 pm GMT Part II: Dec 1, 1:00 - 2:30 pm GMT As firms’ climate ambitions steadily rise, many are looking towards carbon credits to help ease themselves into the transitio...
Nov 10, 2022•29 min•Season 1Ep. 40
Hear from Bruce Usher, Professor of Practice at Columbia Business School, as we examine the investment opportunities and strategies that have emerged in response to the challenges of climate change. We know that we need to rapidly reduce global greenhouse gas emissions in order to avoid catastrophic levels of climate change. This will require considerable private capital. Thankfully, there are significant investment opportunities today to support this transition, including renewable energy, elec...
Oct 20, 2022•34 min•Season 1Ep. 39
Hear from Prof. Emily Shuckburgh OBE, Director of Cambridge Zero, as we explore the potential for machine learning to help us navigate an increasingly difficult transition to net-zero. Time is fast running out to limit end of century warming to 1.5oC. With significant European energy insecurity in the wake of the Ukrainian war, and increasing diplomatic tension between the world’s largest emitters, it is increasingly uncertain whether global emissions will fall rapidly enough to secure a 1.5oC w...
Sep 29, 2022•32 min•Season 1Ep. 38
Hear from Prof. David Victor and Dr. Danny Cullenward, as we dive into the political forces that mould the climate policy landscape. Designing climate policies that are effective in achieving climate change mitigation and adaptation is a major challenge. Most economists argue for a carbon tax, which helps align incentives appropriately. But the costs can be all too visible to consumers, prompting protests and undermining their political acceptability. Indeed, when it comes to climate policy, you...
Aug 30, 2022•33 min•Season 1Ep. 37
Hear from Prof. Brian Fagan, Distinguished Emeritus Professor of Anthropology at the University of California, as we dig up lessons in climate risk from the ancient world of our ancestors. Humanity has been subject to extreme weather and natural climate change for millions of years, and we can trace its impacts back to even our most ancient civilizations. A recent revolution in climate archaeology offers us a window into the climate risk management practices of the past. Just as contemporary ris...
Jul 27, 2022•30 min•Season 1Ep. 36
Hear from Sean Kidney, CEO of the Climate Bonds Initiative, as we explore the many ways finance is going green, from the phenomenal growth of the green bond market, to the ongoing revolution in investor sentiment, to the growing financial risks from climate change… and much, much more! There are few challenges facing humanity as important as the transition towards a resilient, net-zero global economy. The mitigation and adaptation required will need great deal of both public and private investme...
Jul 06, 2022•34 min•Season 1Ep. 35
Hear from Eila Kreivi, Chief Sustainable Finance Advisor at the European Investment Bank, as we take a closer look at the EU Taxonomy, including what it is and isn’t, how it developed, and what it means for the future of sustainable finance. A key challenge with tackling climate change is how to channel the vast amount of private sector investment towards activities that are ‘green’ or transitioning to green. Taxonomies are potentially useful, setting out definitions and thresholds for activitie...
Jun 15, 2022•33 min•Season 1Ep. 34
Hear from Fathom’s Matthew Jones and Andrew Smith as we discuss the challenges and opportunities created by climate change for modellers of physical risk. Modelling physical risks, particularly from natural catastrophes, is challenging, requiring specialist knowledge and complex data sets. Additionally, with climate change affecting the frequency and severity of many natural catastrophes, these models need to start incorporating future risk from climate change. Today’s episode will explore this ...
May 26, 2022•36 min•Season 1Ep. 33
Hear from Julie Pullen, a leading expert in ocean-atmosphere interactions, on how our oceans are being affected by climate change, what we stand to lose, and how we can restore them whilst building resilience. The world’s oceans are critical to all life on Earth. They have also buffered us against the worst impacts of climate change, absorbing about a third of all of our carbon emissions, and around 90% of the temperature increase from global warming. However, ocean ecosystems are undergoing hug...
May 05, 2022•27 min•Season 1Ep. 32
Hear from Kevin Dooley, Distinguished Professor of Supply Chain Management, as he talks to us about how managing the sustainability of your supply chain is the best approach to risk management. Supply chains are an absolutely integral part of the modern global economy. But as they grow in complexity, they become more fragile. They are also often opaque to companies wanting to decarbonize through their value chain – that is, covering their so-called scope 3 emissions. In this episode we look at t...
Apr 12, 2022•30 min•Season 1Ep. 31
Hear from Alan Smith, First Church Estates Commissioner, about the culture and capabilities that asset owners look for in the companies they invest in. Asset owners have a fiduciary duty to act in the best interests of their ultimate beneficiaries, which often forces them to take a longer-term perspective than many other types of financial firms. So, it’s not surprising that many of them are concerned about the systemic nature of climate risks. Many are proactively engaging with firms in the rea...
Mar 24, 2022•31 min•Season 1Ep. 30
Hear from Mark Campanale, Founder of the Carbon Tracker Initiative, as we dive into the strategies being used to align financial markets to a net-zero economy. Global financial markets play a major role in addressing the challenges of climate change. But is the financial system equipped with the right tools to progress the net-zero transition with the urgency that is required? Are current strategies, such as the TCFD disclosures framework and the EU Taxonomy likely to get us to net-zero, or do w...
Mar 03, 2022•35 min•Season 1Ep. 29
Amidst growing concerns over the sustainability of space-based technologies, Chris Geiger explains his firm’s strategy for overcoming the many challenges at this frontier of engineering. Space-based technologies are an increasingly important part of the global infrastructure and — like all of Earth’s resources — should be managed sustainably. This episode serves as a prime example of how firms can embed long-term thinking, resilience, and adaptability into their corporate structure, and how this...
Feb 10, 2022•29 min•Season 1Ep. 28
As we head into 2022, Jo and Maxine look back at the past year of Climate Risk Podcasts, reviewing key learnings from our guests and discussing recent trends in climate risk management. From lawyers to professors, regulators to entrepreneurs, we’ve had a great variety of guests talk about a wide range of topics over the last year. This episode re-examines the rich knowledge that has been shared on the Climate Risk Podcast over the last 12 months, creating a narrative of climate risk wisdom to gu...
Jan 20, 2022•37 min•Season 1Ep. 27
By their very nature, it can be extremely difficult to capture the truly disastrous potential of the tail risks associated with climate change. Additionally, the growing complexity of human and natural systems means that tail risks will continue to arise in unexpected and novel ways. In today’s episode, we’ll explore a new perspective on understanding and assessing tail risks, and how we can build resilience to these threats within organizations and at the societal level. So, today’s episode wil...
Dec 09, 2021•33 min•Season 1Ep. 26
Many of the financial risks that will arise from the transition towards a net-zero economy will be determined by what climate-related policies are enacted, the speed with which policymakers act, and how the economy evolves in response to these policies. Given economics’ critical role in policymaking, the economist’s perspective on climate change provides insights into how these policy options might evolve, helping risk professionals to better identify and assess financial risks associated with t...
Nov 18, 2021•35 min•Season 1Ep. 25
Against a backdrop of increasing societal awareness and improved scientific understanding of climate change, many stakeholders regard the law as an important tool to hold firms and governments to account and drive forward the green agenda. Since the Paris Agreement in 2015, there has been a significant rise in the number of climate-related litigation cases, increasing the legal jeopardy and reputational risk for firms navigating the transition. That’s why this episode will: Provide a framework f...
Oct 28, 2021•31 min•Season 1Ep. 24
