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Adaptation as Risk Management

Adaptation as Risk ManagementAgency FilingRisk Management

Comments to Federal Acquisition Regulatory Council on Minimizing the Risk of Climate Change in Federal Acquisitions

In the normal course of operation for federal procurement under the Federal Acquisition Regulation (FAR), care is taken to structure purchases and contracts consistent with principles of efficiency, risk management, and cost minimization. Existing procedures, however, do not yet incorporate and manage financial risks posed by the consequences of climate…
Noha Haggag and Michael Panfil
January 13, 2022
Adaptation as Risk ManagementBlog/News ArticleEnvironmental JusticeFinancial DisclosureFinancial RegulationPrivate GovernanceRisk Management

Climate Change Comes to Insurance

This opinion piece explains the risks climate change poses to insurers, both as underwriters and as investors. It argues that it is necessary to align incentives in the insurance industry to prevent widespread defaults that would leave policyholders unprotected and examine areas where risks are distributed inequitably.
Bridget Pals and Michael Panfil
December 3, 2021
Adaptation as Risk ManagementAgency FilingEnvironmental JusticeFinancial DisclosureFinancial RegulationPrivate GovernanceRisk Management

Comments to Federal Insurance Office on the Insurance Sector and Climate-Related Financial Risks

These comments make recommendations to the Treasury Department's Federal Insurance Office on how it can monitor, analyze, and address climate-related risks in the insurance industry.
Jack Lienke, Bridget Pals, Alex Song, Madison Condon, Michael Panfil, Stephanie Jones and Romany Webb
November 15, 2021
Adaptation as Risk ManagementAgency FilingRisk Management

Comments on Federal Agency Climate Adaptation and Resilience Plans

These comments support the development of the Federal Agency Climate Adaptation and Resilience Plans, which establish a foundation for actions to protect government operations and facilities, and all who rely upon them. The comments recommend that agencies consider the following steps as they build on that foundation: (1) Agencies should…
Stephanie Jones, Michael Panfil, Justin Gundlach, Jack Lienke and Romany Webb
November 5, 2021
Adaptation as Risk ManagementEnergy RegulationEvent/ConferenceRisk ManagementState Energy Regulation

Testimony of Michael Panfil Before the Massachusetts Senate Committee on Global Warming and Climate Change

Michael Panfil testified in a Hearing on Climate Resilience of Transportation and Electric Infrastructure before the Massachusetts Senate Committee on Global Warming and Climate Change. As demonstrated in these remarks, well-designed climate resilience planning is feasible using data and tools available today. The same is true with respect to existing…
Michael Panfil
October 4, 2021
Adaptation as Risk ManagementEnergy RegulationEvent/ConferenceRisk ManagementState Energy Regulation

Testimony of Romany Webb Before the Massachusetts Senate Committee on Global Warming and Climate Change

Romany Webb testified in a Hearing on Climate Resilience of Transportation and Electric Infrastructure before the Massachusetts Senate Committee on Global Warming and Climate Change, making two key points: First, climate change poses serious risks to the electricity system, which are fundamentally different from other risks, including ordinary weather-related risks,…
Romany Webb
October 4, 2021
Adaptation as Risk ManagementAgency FilingEnergy RegulationFederal Energy RegulationRisk Management

Supplemental Comments on FERC’s Technical Conference on Climate Change, Extreme Weather, and Electric System Reliability

These post-technical conference comments provide further recommendations on how FERC can support effective climate resilience planning throughout the energy system, supplementing an earlier set of pre-technical conference comments.
Romany Webb, Michael Panfil, Stephanie Jones, Justin Gundlach and Sarah Ladin
September 27, 2021