ReportRisk Management

Catastrophe Bonds

Organizations Involved: Environmental Defense Fund Source: Initiative on Climate Risk and Resilience Law Abstract Catastrophe bonds are the most well-known type of ILS to transfer catastrophe risk to capital market investors and the second-largest according to volume. The first catastrophe bonds were issued in the mid-1990s and the market has…
Carolyn Kousky
September 20, 2022
ReportRisk Management

Parametric Insurance for Disasters

Organizations Involved: Environmental Defense Fund Source: Initiative on Climate Risk and Resilience Law Abstract The concept of parametric insurance, while not new, is getting increased attention as a way to provide faster and more flexible funds to victims of disasters and as a tool to provide post-disaster funds for emerging…
Carolyn Kousky
September 20, 2022
Financial RegulationRisk ManagementSummary Document

Summary Report: Workshop on Physical Climate Risk and the United States Financial System

In May 2022, CarbonPlan, the Environmental Defense Fund (EDF), and the Initiative on Climate Risk and Resilience Law (ICRRL) co-convened a Chatham House Rule workshop to better understand how climate science is used in risk assessment and decision-making across the financial sector. Pursuant to the rule, the meeting organizers and…
Adaptation as Risk ManagementBlog/News ArticleEnergy RegulationRisk ManagementState Energy Regulation

Announcing the Electric Resilience Toolkit

This blog introduces the Electric Resilience Toolkit, a platform designed to provide engagement-focused information for use directly in regulatory proceedings to support well-designed climate resilience planning by electric utilities. The toolkit is available at: https://www.icrrl.org/electric-resilience-toolkit/
Adaptation as Risk ManagementAgency FilingEnvironmental JusticeFinancial DisclosureFinancial RegulationRegulatory ActivitiesRisk Management

Comments to the FDIC on Principles for Climate-Related Financial Risk Management for Large Financial Institutions

These comments to the Federal Deposit Insurance Corporation (FDIC) support the FDIC's draft principles on banks' management of climate-related financial risks, and offer recommendations for the FDIC as it continues building on these principles with more detailed guidance. The comments recommend that the FDIC consider: (1) providing more detail on…
Environmental JusticeEvent/ConferenceRisk Management

Testimony of Stephanie Jones on OSHA Initiatives to Protect Workers From Heat-Related Hazards

This testimony from an Occupational Safety and Health Administration (OSHA) stakeholder meeting supports OSHA’s efforts to develop strong heat protections for workers, including rulemaking to establish a heat standard as well as complementary research, education, and enforcement initiatives. It recommends that OSHA incorporate thorough and reliable information on climate impacts…
Stephanie Jones
May 3, 2022
Adaptation as Risk ManagementAgency FilingEnergy RegulationFederal Energy RegulationRisk Management

Comments to Federal Energy Regulatory Commission on Climate Impact Analysis in Natural Gas Project Reviews

These comments recommend that the Federal Energy Regulatory Commission (FERC) supplement its draft policy statement on natural gas project reviews with additional guidance on the evaluation of climate impacts on projects under the National Environmental Policy Act (NEPA). Holistic, specific, and actionable climate impact analysis is necessary to meet NEPA’s…