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The Resilience Factor How Investors Assess Climate-Ready Governments
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A webinar from The Center for Climate and Energy Solutions and the Vermont Bond Bank
Communities across the country are feeling the financial impacts of climate change. Recognizing the costs of climate-related damages, municipal bond investors are beginning to assess physical climate risk in portfolio management. These changes are shifting the conventional wisdom of municipal credit, where strong economies and balance sheets are now also being weighed against vulnerability to acute and chronic climate risks.
While local governments can take measures to adapt to potential climate-related pressures, little guidance exists for financial officers responsible for long-term financial planning and interacting with municipal markets. Moreover, the limits of adaptation and credit evaluation are unclear as the new paradigm for climate risk evaluation emerges. Building on the novel work of C2ES and the diligence of the Vermont Bond Bank, this webinar explores how municipalities are feeling the financial impacts of climate change, as well as how these analyses can create positive feedback loops to help communities adapt for the future.
Speakers outline the physical climate risk analysis landscape, how local governments can integrate climate risks and opportunities into financial decision-making, and how investors are beginning to evaluate climate risk. The speakers will then discuss what steps can be taken to position communities and bond issuers for success in this changing time.
Speakers
Michael Gaughan — Moderator
EXECUTIVE DIRECTOR, VERMONT BOND BANK
Amy Bailey
DIRECTOR OF CLIMATE RESILIENCE AND SUSTAINABILITY, C2ES
Dr. Evan Kodra
SENIOR DIRECTOR OF CLIMATE & ESG, INTERCONTINENTAL EXCHANGE
Erika Smull, Ph.D.
MUNICIPAL RESEARCH ANALYST, BRECKINRIDGE CAPITAL ADVISORS
Communities across the country are feeling the financial impacts of climate change. Recognizing the costs of climate-related damages, municipal bond investors are beginning to assess physical climate risk in portfolio management. These changes are shifting the conventional wisdom of municipal credit, where strong economies and balance sheets are now also being weighed against vulnerability to acute and chronic climate risks.
While local governments can take measures to adapt to potential climate-related pressures, little guidance exists for financial officers responsible for long-term financial planning and interacting with municipal markets. Moreover, the limits of adaptation and credit evaluation are unclear as the new paradigm for climate risk evaluation emerges. Building on the novel work of C2ES and the diligence of the Vermont Bond Bank, this webinar explores how municipalities are feeling the financial impacts of climate change, as well as how these analyses can create positive feedback loops to help communities adapt for the future.
Speakers outline the physical climate risk analysis landscape, how local governments can integrate climate risks and opportunities into financial decision-making, and how investors are beginning to evaluate climate risk. The speakers will then discuss what steps can be taken to position communities and bond issuers for success in this changing time.
Speakers
Michael Gaughan — Moderator
EXECUTIVE DIRECTOR, VERMONT BOND BANK
Amy Bailey
DIRECTOR OF CLIMATE RESILIENCE AND SUSTAINABILITY, C2ES
Dr. Evan Kodra
SENIOR DIRECTOR OF CLIMATE & ESG, INTERCONTINENTAL EXCHANGE
Erika Smull, Ph.D.
MUNICIPAL RESEARCH ANALYST, BRECKINRIDGE CAPITAL ADVISORS