Navigating the financial risks of flooding
Floods continue to be one of the costliest natural hazards, and they are more and more exacerbated by climate change.[1] Over 40% of company locations within MSCI GeoSpatial Asset Intelligence coverage are affected by at least one of the three different flood types: pluvial flooding (from extreme rainfall), fluvial flooding (from rivers overflowing their banks) and coastal flooding (from high tidal water and storm surges).
GCF unveils new organisational structure to accelerate climate action
The Green Climate Fund (GCF) today unveiled the latest phase of its ambitious reform agenda to enhance efficiency and impact in supporting climate action.
The Fund transitions today to a new organisational structure designed to fulfill its promise, potential, and ambition. This transition is part of GCF’s “50 by 30” vision and reform agenda, which aims to efficiently and impactfully manage USD 50 billion in investments by 2030, as announced by GCF Executive Director Mafalda Duarte at last year’s United Nations General Assembly.
SCAR Open Science Conference in Chile: a catalyst for polar research
The 2024 Scientific Committee on Antarctic Research (SCAR) Open Science Conference, being held from August 19 to 23 in Chile, is bringing together polar researchers from around the world to share their latest discoveries, foster international collaborations, and address the critical challenges facing the polar regions.
Themed “Antarctic Science: Crossroads for a New Hope,” this edition aims to highlight Antarctica’s unique and fragile ecosystem, especially in the context of escalating climate change concerns.
How to fix funding bottlenecks and pave the way for locally led adaptation
A new survey explores the operational bottlenecks preventing local organisations from accessing climate adaptation funding. As the UN General Assembly approaches, IIED’s May Thazin Aung and BRAC’s Sousan Suha share the survey’s findings and explains how funders can smooth the way for locally led adaptation.
Vicious circle of climate change, wildfires and air pollution has major impacts
A vicious cycle of climate change, wildfires and air pollution is having a spiralling negative impact on human health, ecosystems and agriculture, according to a new report from the World Meteorological Organization (WMO).
Global South cities lack cooling green spaces
Cities in the Global South are more exposed to extreme heat because they lack cooling green spaces, new research shows. The study found that Global South cities have just 70% of the “cooling capacity” provided by urban greenery in the Global North. With temperatures rising, combined with the “urban heat island” effects that make cities hotter than rural areas, heat-related illness and death in cities are becoming more common.
The risk of global water scarcity is greater when accounting for the origin of rain
Securing the world’s water supply is one of the greatest challenges of our time. Research at Stockholm University is now presenting an alternative method for quantifying the global risk of water scarcity. Results indicate higher risks to water supply than previously expected if accounting for the environmental conditions and governability where rain is produced.
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