It’s been a year since the Task Force on Climate-related Financial Disclosures (TCFD) released its recommendations. Backed by the G20 finance ministers and chaired by Michael Bloomberg, the TCFD offered concrete guidance for public companies on how to report risks and opportunities arising from climate change. The TCFD left no doubt that boards have an […]

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Government task forces suffer from a bad reputation. Stuffed with members who have big titles but little appetite for hard work, such groups often are formed to bury an issue, not promote it. But the Task Force on Climate-Related Financial Disclosures (TCFD) is an exception. Its report, issued in late June, is substantive and serious. […]

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Although largely overlooked by the media, California recently launched its ambitious carbon-trading program, holding a successful auction of carbon permits that raised nearly $300 million.  Of course, had the auction failed it likely would have made the front pages, but its little-noticed triumph shouldn’t obscure its significance as a major step forward for the carbon […]

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Here’s a brief update to my post on climate risk:  Today’s New York Times reports on the disappearance of climate change from the US policy agenda.  Abandoned by President Obama and scorned by Republicans, climate-change policy is dormant in the US, even while other nations take patient steps to control carbon emissions.  The Times piece […]

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Climate change has all but disappeared from the headlines, aside from serving as a popular punching bag for Republican presidential candidates. But while politicians are busy denying the problem, businesses are taking action.  There’s ample evidence that corporations recognize the risk of climate change and are factoring it into their investment planning.  According to media […]

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