Floods are one of the most expensive natural disasters endured by North Americans today. According to the Insurance Bureau of Canada, an estimated 1.7 million Canadian homes are at risk of flooding. Flood events are also estimated to cost US companies US$6 billion in insured losses annually. And Canada is only getting wetter; a trend that has been […]
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TCFD Releases Phase 2 Report and Recommendations
Today, FSB’s Task Force on Climate Financial Disclosure (TFCD) released its Phase II report with recommendations for climate-related voluntary disclosures within mainstream financial reporting. The TFCD states clearly that climate change is “one of the most significant, and perhaps most misunderstood, risks that organizations face today” and that “the long-term nature of the problem makes it uniquely […]
COP 22: From Agreement to Implementation
A year after the monumental Paris COP 21, the UN Climate Talks in Marrakech concluded successfully, despite looming uncertainties related to Donald Trump’s Presidential election win and produced plans for implementation of the newly enforce Paris Agreement. The meetings also produced the high-level Marrakech Action Proclamation, where parties collectively stated that “extraordinary momentum on climate change […]
Decarbonisation, Electrification and Early Action: Canada’s 2050 Strategy for a Low-Carbon Economy
With COP 22 coming to a close in Marrakech last week, the Government of Canada quietly released a report titled Canada’s Mid-Century Long-Term Low-GHG Development Strategy at the conference. The report outlines the path required to reach the net emissions decrease of 80% by 2050 from 2005 levels; consistent with Canada’s commitments to the Paris Agreement to […]
Why Climate Action Will Continue, Despite Trump
Risk management, a national strategy and plan, oversight and governance, transparent metrics and targets – Canada now has a proposed legal framework for meeting our global climate commitments; and it looks rather like the recommendations of the Task-Force on Climate-Related Financial Disclosures (TCFD). Today, Canada’s federal government tabled long-awaited legislation outlining a roadmap for meeting […]
Halfway Through Marrakesh Climate Talks: Reflections on Continued International Diplomacy and Climate Leadership
The Paris Agreement established the international consensus on the need for universal goals to address climate change and will continue to aid in pushing forward international developments towards those goals. Working towards those goals have become economic and pragmatic realities, despite political winds. In Marrakesh, despite a quick entry into force of the Paris Agreement, we are seeing […]
Momentum in Marrakech – Leading Up to COP 22
On December 12, 2015, 195 nations spoke with one voice about the need to create a low carbon and climate resilient future and struck the historic Paris Agreement. This November 2016, delegates from around the world will gather again in Marrakech, Morocco for the Marrakech Climate Change Conference for the twenty-second session of the Conference of the Parties to […]
Laura Zizzo Named Among Canada’s 2017 “Clean50 Leaders”
We are pleased to announce that Laura Zizzo (Founder and CEO) has been named as one of Canada’s “Clean50” for 2017! The Clean50 award recognizes sustainability leaders across Canada and their roles in advancing the low-carbon, clean economy. Laura was recognized for her leadership as a thought leader, lawyer and consultant focused on climate change-related risks and opportunities, and promoting climate-readiness […]
All U.S. Government Agencies Must Now Consider Climate Change in Decision-Making
On August 2, 2016, the White House Council on Environmental Quality released its final guidance for Federal agencies on how to consider the impacts of their actions on climate change in their National Environmental Policy Act (NEPA) reviews. The guidance is the result of a six-year process exploring how to factor climate change into Federal decision-making. It […]
Financial Services Sector Uniquely Placed to Address Climate Risk
Industry leaders continue to urge companies to integrate climate change into business strategies, financial disclosures and risk management processes. Mark Carney opted to focus on climate risk when addressing the Toronto Board of Trade in July 2016. Moody’s will use national climate commitments in its analysis of the credit implications of carbon transition risk. And Global […]