Project

Seeing the Dangers Ahead: Climate Risk Series

A wind turbine made out of a bar chart and a circle chart; a fire with a pressure gauge; a cloud made out of binary code (0s and 1s); a line chart in the background. The logos of the State Impact Center, Woodwell Center, and the Massachusetts AGs Office.

The State Ener­gy & Envi­ron­men­tal Impact Cen­ter, Wood­well Cli­mate Research Cen­ter, and the Mass­a­chu­setts Office of the Attor­ney Gen­er­al host­ed a three-part vir­tu­al event series that pro­vid­ed essen­tial infor­ma­tion and tools to help reg­u­la­tors and advo­cates under­stand the lat­est avail­able pub­lic and pri­vate data about phys­i­cal, finan­cial, and tran­si­tion cli­mate risks, how reg­u­la­tors might address key data gaps, and how to har­ness cli­mate risk data for gov­ern­ment decision-making. 

Every facet of our soci­ety is exposed to cli­mate change risks. Storms are pum­mel­ing state high­ways and bridges. Heat waves and air pol­lu­tion stress human health. Wild­fires are destroy­ing real estate and bank­rupt­ing busi­ness­es. And the tran­si­tion to a clean ener­gy econ­o­my means that bil­lions of pen­sion plan dol­lars invest­ed in fos­sil fuels are unsafe. In order to chart an equi­table tran­si­tion to a resilient, zero-car­bon future, we must first under­stand how to obtain the lat­est data about cli­mate risks, learn what the data is telling us about our com­mu­ni­ties, and decide how to incor­po­rate that knowl­edge into effec­tive pol­i­cy and advo­ca­cy. With bil­lions of dol­lars of new fed­er­al fund­ing on the way for cli­mate adap­ta­tion and an array of new state and fed­er­al poli­cies seek­ing cor­po­rate dis­clo­sure of cli­mate risk infor­ma­tion, the need to bet­ter under­stand cli­mate risk data has nev­er been more critical. 

This three-part vir­tu­al series seeks to pro­vide essen­tial infor­ma­tion and tools to help reg­u­la­tors and advo­cates under­stand the lat­est avail­able pub­lic and pri­vate data about phys­i­cal, finan­cial, and tran­si­tion cli­mate risks, how reg­u­la­tors might address key data gaps, and how to har­ness cli­mate risk data for bet­ter gov­ern­ment deci­sion­mak­ing — from cor­po­rate over­sight to local adap­ta­tion plan­ning and investment.

Events

Part I - Beyond the IPCC: Understanding and Harnessing the Latest Climate Physical Risk Data and Tools

Experts explored the lat­est cli­mate phys­i­cal risk data and visu­al­iza­tion tools, and explained how a deep­er under­stand­ing of the data can bet­ter equip us to pre­pare for and mit­i­gate cli­mate risks.

Part II - Risky Business: An Essential Introduction to Climate Financial Risks and the Role of Regulators

This pan­el pro­vid­ed a primer on cli­mate finan­cial risk, its rela­tion­ship to phys­i­cal risk, the role of investors, and oppor­tu­ni­ties for reg­u­la­tors to advance dis­clo­sure stan­dards and indus­try safeguards.

Part III - Toward Equity and Resilience: Harnessing Climate Risk Information for Better Decisionmaking

Lead­ing experts reviewed best prac­tices and oppor­tu­ni­ties for affect­ed com­mu­ni­ties and state and local governments to uti­lize phys­i­cal and finan­cial cli­mate risk data to pro­mote resilience and envi­ron­men­tal jus­tice, as well as key data gaps and poten­tial strate­gies to address them.

Resources

Tools, case stud­ies, and oth­er resources from​“See­ing the Dan­gers Ahead: How Reg­u­la­tors and Advo­cates Can Har­ness Phys­i­cal and Finan­cial Risk Data to Tack­le the Cli­mate Emer­gency,” our three-part webi­nar series on cli­mate risk.

Tools

Phys­i­cal Risks 

Finan­cial Risks

Reports

Articles

Case Studies

Miscellaneous