A new paper from the European Bank of Reconstruction & Development will likely be very influential on shaping thinking about understanding and disclosing impacts of climate change for companies and asset owners/managers. [Warning: wonkish/insidery.] I’m very much on board with the paper’s assertion that “physical risk” is an under-examined aspect…

AKA: stuff that piqued my interest and still does, even months later More important things happened, for sure, but here are some I remembered, brought up in conversation, went looking for later… and could easily find. 1.Ratings agencies are starting to reconsider giving AAA ratings to debt issued by states…

I wrote this short Twitter thread for journalists in particular. I know when something big happens internationally, like Trump’s Paris announcement, it’s tempting to get into horse race mode about the “domestic implications” and start throwing around words like “emboldened”. Before you try to read too much into it, consider…

Noah Smith’s “2 paper” rule and the climate change silo As someone who relishes interdisciplinary debate, I quite liked Noah’s 2 paper idea. It’s constructive when people with deep expertise can discuss their work with outsiders, no matter how annoying it can be for the experts themselves. But the 2-paper…

Economist Jeffrey Sachs wrote in HuffPo last month* that the WSJ isn’t serving its audience because it misinforms them. The WSJ editorial on the outcome of the COP21 climate summit sneered: “If climate change really does imperil the Earth, and we doubt it does, nothing coming out of a gaggle…

Below is my transcript of responses from the RBA’s Guy Debelle and APRA chair Wayne Byres when asked about climate risk on September 16. Please check it against the original recording (an official transcript doesn’t appear to exist). More details below. QUESTION: Elayne Grace, Actuaries Institute. The BoE is undertaking…