Reckoning with the overlooked business risks of climate change

May 28, 2020

By McKinsey Quarterly

How should organizations cope with climate change? As president and executive director of the Woods Hole Research Center, Dr. Philip Duffy has spent much of his career translating climate science for business leaders and policy makers and fostering awareness of how climate change affects society. His colleague, former investment manager Spencer Glendon, joined Woods Hole to explore the pressure that climate change places on the financial system. In these edited excerpts from two interviews, Duffy and Glendon discuss the unforeseen challenges our increasingly unstable climate creates for businesses and governments. “Folks don’t grasp the immediacy, the scope, and the scale of physical climate risk,” says Duffy.

In ‘Strongest’ Climate Ruling Yet, Dutch Court Orders Leaders to Take Action

December 20, 2019

By John Schwartz

The Supreme Court of the Netherlands on Friday ordered the government to cut the nation's greenhouse gas emissions by 25 percent from 1990 levels by the end of 2020. It was the first time a nation has been required by its courts to take action against climate change.

... the decision was groundbreaking. There have been 1,442 climate lawsuits around the world!!

Low-Carbon Cities Are a $24 Trillion Opportunity

September 19, 2019

By Leah Later, Catlyne Haddaoui, and Jake Wellman

In these critical times, cities offer one of the biggest opportunities. With most of the world’s population, economic activity and carbon emissions concentrated in cities, it is becoming ever-more-clear that the fate of cities is the fate of the planet. Science tells us that the world must reach net-zero emissions by 2050 to keep global warming below 1.5°C. A new report from the Coalition for Urban Transitions, Climate Emergency, Urban Opportunity (available to read in the article below), finds that low-carbon cities can reduce emissions while offering tremendous economic opportunities.

Researchers found that investing in 16 low-carbon measures in cities could cut global urban emissions by 90% by 2050 and has a net present value of almost $24 trillion, equivalent to nearly one-third of the global GDP in 2018. This means that between now and 2050, the total benefits of these investments will exceed their total costs by almost $24 trillion. 

Climate Emergency: Urban Opportunity

This report, a collaborative effort of more than 50 organisations brought together by the Coalition for Urban Transitions, is being launched in September 2019 in advance of the Climate Action Summit and Sustainable Development Goals Summit in New York. The aim of the Summits, hosted by UN Secretary-General António Guterres, is to accelerate action to implement the 2030 Agenda for Sustainable Development and the Paris Agreement.


The Coalition for Urban Transitions is a global initiative to support national governments in transforming cities to accelerate economic development and tackle dangerous climate change. Collectively, the contributors hope this report will provide the evidence and confidence that governments need to submit more ambitious Nationally Determined Contributions in 2020, and to propel inclusive, zero-carbon cities to the heart of their national development strategies.

Climate, Nature, and our 1.5 degrees Celsius Future Report

By WWF International


The report outlines the urgent need for countries to work with cities and businesses towards a 'just transition' in the face of increasing pressures from a warming world. Strong leadership and immediate action is required to limit global warming to 1.5 degrees Celsius to halt climate change in its tracks.

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© 2018 Re-Imagining Cities Foundation.

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