"Two-degree scenarios describe a new world - a world with CO2-free energy production and land use that takes up CO2 from the atmosphere instead of releasing it,” says Elmar Kriegler, senior scientist at the Potsdam-Institute for Climate Impact Research, who contributed to the report. “In the Paris Agreement, almost all governments worldwide decided to limit global warming to less than two degrees Celsius in order to stabilize our climate. It is therefore extremely important that banks and companies can take into account the possibility of this two-degree world in their investment decisions. Only those who see the possibilities can adjust their expectations for the future - and thus make this future possible. We are pleased to be able to offer the scientific basis for this together with the UN, the banks and other researchers. We have computed the risks and opportunities. Now it is up to the financial sector to use this. Big money also means big responsibilities."
Weblink to the report "Extending our Horizons: Assessing Credit Risk and Opportunity in a Changing Climate":
http://www.unepfi.org/publications/banking-publications/extending-our-horizons/
Weblink to the UNEP press release:
https://www.unenvironment.org/news-and-stories/press-release/16-banks-and-united-nations-produce-first-guidance-help-banking
Webinars will be held at 10.00 CEST and 16.00 CEST on 15th May for those interested in hearing more about the new methodology. Speakers will include risk and investment management experts from Oliver Wyman, climate scientists from the Potsdam Institute for Climate Impact Research (PIK) and the International Institute for Applied Systems Analysis (IIASA), and representatives from the participating banks. Further information here:
https://www.unenvironment.org/news-and-stories/press-release/16-banks-and-united-nations-produce-first-guidance-help-banking
