Organizations Involved: Initiative on Climate Risk and Resilience Law, Environmental Defense Fund
Source: Carbon Plan, Initiative on Climate Risk and Resilience Law, Environmental Defense Fund
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 participants agreed to make use of the information received during the workshop, without revealing the affiliation of the speaker (s), nor that of any participant. The workshop consisted of climate scientists, former policymakers and decisionmakers, and financial and legal experts. Prior to convening this workshop, a literature review was conducted to both assess how climate science is currently used in the financial sector and to develop a series of questions that were used to frame workshop discussion. This document summarizes the discussions from these sessions and identifies the themes that emerged from the workshop.