Tag: climate risk
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Allan Announces Review Into Bushfire Season
Victoria Launches Review Into Bushfire Season In a move aimed at bolstering resilience and safeguarding communities, an official review into Victoria’s bushfire season has been announced. The government, led by Premier Allan, says the assessment will examine how the season behaved, what lessons were learned, and how to better prepare residents and responders for future…
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Morning Mail: Loophole in Hate Speech Laws, US Relations, and Queensland Flood Fears
Introduction: A morning briefing with high-stakes questions Morning Mail today centers on three pressing issues shaping Australia’s political and social landscape: a potential loophole in the government’s hate speech crackdown, the prime minister’s push to reassess ties with the United States, and fresh flood warnings hitting Queensland. Each thread speaks to how policy, diplomacy, and…
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Urgent Action Needed as October–December 2025 Rainfall Fails in Horn of Africa Threatens Food Security
Overview: A Season of Failed Rainfall and Rising Risk The October–December 2025 rainfall season across large parts of Somalia, eastern Kenya, and southern Ethiopia has largely failed, marking a critical setback for food security in the Horn of Africa. Early assessments indicate that late-season rains in December were insufficient to reverse the drought trajectory, leaving…
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Council for Sustainability Transformation urges businesses to embed transition planning into corporate strategy to seize opportunities
New wake-up call for boardrooms: integrate transition planning into corporate strategy The Council on Sustainability Transformation, a consortium of leaders from corporations, governments, and academia convened by ERM, has released a stark warning: without a clear, integrated plan to navigate climate and nature-related transitions, companies risk missing major commercial opportunities and facing heightened risk exposure.…
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Tracking the Transition: Private Financial Institutions and Net Zero Progress
Understanding the Net Zero Imperative for Private Financial Institutions Private financial institutions (FIs) sit at the crossroads of climate action and capital markets. The transition to a low‑carbon economy requires trillions of dollars in investment, and FIs—banks, asset managers, insurers, and private equity firms—play a central role in financing clean energy, sustainable infrastructure, and climate…
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Australia’s Weather Toll Rises: Rethinking Insurance for a Warming Future
Australia faces some of the world’s highest climate losses New data from the Insurance Council of Australia (ICA) shows that every decade since 1980 has brought higher inflation-adjusted losses from floods, bushfires, storms and extreme cold. When compared with five other developed nations over the last five decades, Australia ranks near the top for per…
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How the Philippines’ Central Bank Is Building Climate-Resilient Finance
Introduction: A Climate-Resilient Financial System in a Vexed Era The Philippines faces increasing climate risks, from riverine floods to coastal storms. In this context, the Bangko Sentral ng Pilipinas (BSP) is taking proactive steps to ensure the country’s financial system can weather climate shocks while steering capital toward green, adaptive projects. Recognizing climate risk as…