Reinventing climate investing: building equity portfolios for climate risk mitigation and adaptation

Abstract The research investigates the relationship between cities and climate change by examining how urban projects shifted to mitigation and adaptation for climate change at an urban scale. The article is based upon two complementary approaches, a multilevel analysis from sustainable transitions theory and a framework of interrelations of urban mitigation and adaptation projects. The methodological design is a case study; we analyzed the case of Medellin that, at the beginning of the 2000's, implemented public transport projects, urban parks, educational and cultural facilities, and risk mitigation projects in the surrounding hills. The main findings are that specific projects at an urban scale are operating as niches or experiments, taking advantage of windows of opportunities, and triggering changes in the urban design routines, framing a new sociotechnical system. It is found that governance, leadership, teams of experts and urban planners are drivers for the transition of urban projects, which were initially designed for social and transport needs, to urban mitigation projects for climate change. At the same time, urban mitigation projects such as the Metropolitan Green Belt are transiting to adaptation projects for climate change. The conclusion for this case study is that while most urban projects retain their traditional role, a new generation of projects with mitigation and adaptation features is emerging in the context of climate change. This article contributes to expanding the empirical analysis of the literature on the theory of sustainable transitions specifically related to cities and urban projects. The theoretical framework of urban projects and their linkages with climate change are enriched. The conceptual framework of the analysis is replicable and useful for practitioners in the field of urban design and researchers interested in comparisons to identify patterns or typologies. In addition, the article contributes to sensitize actors involved in public urban design policies in their roles as managers of transitions.

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High-resolution approach to quantify the impact of building-level flood risk mitigation and adaptation measures on flood losses at the community-level

International Journal of Disaster Risk Reduction ◽

10.1016/j.ijdrr.2020.101903 ◽

2020 ◽

Vol 51 ◽

pp. 101903

Author(s):

Omar M. Nofal ◽

John W. van de Lindt

Keyword(s):

High Resolution ◽

Flood Risk ◽

Risk Mitigation ◽

Community Level ◽

Adaptation Measures ◽

Mitigation And Adaptation ◽

Flood Losses ◽

Building Level ◽

The Impact

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Integrated farming systems –Action tool for climate risk mitigation

AGRICULTURE UPDATE ◽

10.15740/has/au/15.3/265-268 ◽

2020 ◽

Vol 15 (3) ◽

pp. 265-268

Author(s):

K. Tejeswara Rao ◽

P. B. Pradeep Kumar

Keyword(s):

Risk Mitigation ◽

Farming Systems ◽

Climate Risk ◽

Integrated Farming ◽

Integrated Farming Systems

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Roles of Accountants in Climate Change Mitigation, Adaptation, and Resilience

Handbook of Research on Climate Change and the Sustainable Financial Sector - Advances in Finance, Accounting, and Economics ◽

10.4018/978-1-7998-7967-1.ch022 ◽

2021 ◽

pp. 374-386

Author(s):

Odunayo Magret Olarewaju

Keyword(s):

Climate Change ◽

Climate Change Mitigation ◽

Business Models ◽

Risk Mitigation ◽

Low Carbon ◽

Integrated Reporting ◽

Climate Change Effects ◽

Mitigation And Adaptation ◽

Financial Consequences ◽

Change Mitigation

Accountants are in a better position to contribute to initiatives that lead to low-carbon business models that promote economic sustainability by defining climate risk and analysing the strategic, organisational, and financial consequences of the risk mitigation and adaptation. Extensive review and assessment of the roles of accountants in climate change mitigation, adaptation, and resilience was done in this chapter. The chapter concluded by recommending inclusion of a climate change fund in integrated reporting of organisations and intensification of climate change awareness such that every organisation will be aware of how proper accounting can be done on climate change effects. Thereafter, strategies to mitigate, adapt, and be resilient towards it will be initiated.

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Pricing climate risk mitigation

Nature Climate Change ◽

10.1038/nclimate2540 ◽

2015 ◽

Vol 5 (5) ◽

pp. 396-398 ◽

Cited By ~ 19

Author(s):

Joseph E. Aldy

Keyword(s):

Risk Mitigation ◽

Climate Risk

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Creating a quantitative, ecosystem-service-based index of nature in the highly urbanized and arid Los Angeles Country

Environment and Planning B Urban Analytics and City Science ◽

10.1177/23998083211003884 ◽

2021 ◽

pp. 239980832110038

Author(s):

Amy Freitag ◽

Heidi Burkart ◽

Chloe S Fleming ◽

Seann D Regan

Keyword(s):

Los Angeles ◽

Natural Resources ◽

Spatial Data ◽

Natural Hazard ◽

Risk Mitigation ◽

Canopy Cover ◽

Tree Canopy ◽

Mitigation And Adaptation ◽

Tree Canopy Cover ◽

Local Partnerships

Before evaluating the abundance and quality of nature in a city, one must define the concept of nature according to resident experience and climatological conditions. For Los Angeles (L.A.) County, home to a sociologically diverse and highly developed city in a Mediterranean climate that experienced drought conditions for the last decade, this represents a formidable theoretical and empirical challenge. In support of an Integrated Vulnerability Assessment, we developed an index of natural resources with the aid of local partnerships. This effort required local expert participation and resulted in the creation of a large database of available regional data. This index was created to investigate the spatial footprint of natural resources in relation to predicted high risk natural hazard areas. This paper demonstrates analytical applications of this index, which consists of six component indicators: greenness, biodiversity, habitat fragmentation, significant ecological areas, tree canopy cover, and wetland cover. Data for each component were compiled into a geodatabase, scaled, aggregated to Census block group areas, and combined to create the natural resources index (the Index). The Index can then be compared with natural hazard spatial data to determine relative vulnerability to these hazards, interactions with other types of vulnerabilities, and where adaptive capacity may be lacking. Results highlight areas of opportunity for multifaceted risk mitigation and adaptation efforts.

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Application of HAZUS-MH Flood Model in Developing Countries: The Case of Piura, Peru

Nakhara : Journal of Environmental Design and Planning ◽

10.54028/nj2019163352 ◽

2019 ◽

Vol 16 ◽

pp. 33-52

Author(s):

Wan Chantavilasvong ◽

Leo Guerrero

Keyword(s):

Developing Countries ◽

Flood Risk ◽

Risk Mitigation ◽

Risk Estimation ◽

Local Authorities ◽

Mitigation And Adaptation ◽

Flood Model ◽

The World ◽

The Future ◽

The U.S

This research looks at the U.S.’s HAZUS-MH Flood Model and adapts some of its methodologies to Piura, Peru, as an example of many regions around the world with limited technical and capital capacity to estimate inundation risks. Thus, this research proposes an accessible and doable flood risk estimation methodology which takes into account limited available data. The proposed methodology will produce maps of potential inundation areas and monetized damage values from flood scenarios. These outputs can further help local authorities design, decide, and prepare their risk mitigation and adaptation plans for the future.

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