Inscriptions of resilience: Bond ratings and the government of climate risk in Greater Miami, Florida

2021 ◽  
pp. 0308518X2110541
Author(s):  
Savannah Cox
Keyword(s):  
Climate Change ◽  
Science And Technology Studies ◽  
Credit Rating ◽  
Climate Change Impacts ◽  
Climate Risk ◽  
Municipal Bond ◽  
Rating Agencies ◽  
Emergent Relations ◽  
Vulnerability To Climate Change ◽  
The Government

In recent years, credit rating agencies have begun to incorporate a municipality's resilience and vulnerability to climate change into their US municipal bond rating methods. Drawing on the case of Greater Miami resilience planning and Science and Technology Studies-inspired work on inscriptive devices, I investigate how this incorporation practically happens, and how it shapes the ways that Greater Miami governments attempt to govern climate risk through resilience investments. What “counts” as resilience there, I suggest, is increasingly an effect of the observational practices of rating agencies. However, the still-emergent status of resilience as an object of knowledge among rating agencies and Greater Miami governments means that resilience retains a degree of plasticity, allowing government officials and residents alike to mobilize the term for different purposes and toward different ends. In tracing the emergent relations between rating agency practice on climate risk and local government resilience investments, the paper makes two contributions to scholarship in economic and urban geography. First, it illuminates the ways that extra-local practices of expert valuation shape the local construction of environmental fixes. Second, it offers insights into how one of the key actors of the 2007–2008 financial crisis is beginning to lay the epistemic groundwork for future economic crises and inequalities in and between cities, this time as they relate to climate change impacts and a city's supposed resilience and vulnerability to them.

scholarly journals Future climate change vulnerability of endemic island mammals

2020 ◽  
Vol 11 (1) ◽  
Author(s):  
Camille Leclerc ◽  
Franck Courchamp ◽  
Céline Bellard
Keyword(s):  
Climate Change ◽  
Pacific Ocean ◽  
Adaptive Capacity ◽  
Climate Change Impacts ◽  
Future Climate ◽  
Future Climate Change ◽  
Climate Change Vulnerability ◽  
Vulnerability To Climate Change ◽  
Insular Ecosystems

Abstract Despite their high vulnerability, insular ecosystems have been largely ignored in climate change assessments, and when they are investigated, studies tend to focus on exposure to threats instead of vulnerability. The present study examines climate change vulnerability of islands, focusing on endemic mammals and by 2050 (RCPs 6.0 and 8.5), using trait-based and quantitative-vulnerability frameworks that take into account exposure, sensitivity, and adaptive capacity. Our results suggest that all islands and archipelagos show a certain level of vulnerability to future climate change, that is typically more important in Pacific Ocean ones. Among the drivers of vulnerability to climate change, exposure was rarely the main one and did not explain the pattern of vulnerability. In addition, endemic mammals with long generation lengths and high dietary specializations are predicted to be the most vulnerable to climate change. Our findings highlight the importance of exploring islands vulnerability to identify the highest climate change impacts and to avoid the extinction of unique biodiversity.

Climate Change Public Budget Tagging: Connections across Financial and Environmental Classification Systems

2021 ◽  
Author(s):  
Rodrigo Pizarro ◽  
Raúl Delgado ◽  
Huáscar Eguino ◽  
Aloisio Lopes Pereira
Keyword(s):  
Climate Change ◽  
Climate Change Policy ◽  
Climate Change Impacts ◽  
Classification Systems ◽  
National Accounts ◽  
The Public ◽  
System Of National Accounts ◽  
Environmental Classification ◽  
Change Policy ◽  
The Government

Identifying and evaluating climate expenditures in the public sector, known as budget tagging, has generated increasing attention from multiple stakeholders, not only to assess the governments climate change policy, but also to monitor fiscal risks associated with increasing and unpredictable climate change impacts. This paper explores the issues raised by climate change budget tagging in the context of a broader discussion on the connections with fiscal and environmental statistical classification systems. It argues that, for climate change budget tagging efforts to be successful, the definitions and classifications of climate change expenditures must be consistent with statistical standards currently in use, such as the Government Finance Statistics Framework and the System of National Accounts.

scholarly journals Climate change impacts the epidemic of dysentery: determining climate risk window, modeling and projection

2019 ◽  
Vol 14 (10) ◽  
pp. 104019 ◽  
Author(s):  
Chenlu Li ◽  
Xiaoxu Wu ◽  
Duoying Ji ◽  
Jianing Liu ◽  
Jie Yin ◽  
...  
Keyword(s):  
Climate Change ◽  
Climate Change Impacts ◽  
Climate Risk

The Caribbean's Response to Climate Change Impacts

2017 ◽  
pp. 713-738
Author(s):  
Steve Maximay
Keyword(s):  
Climate Change ◽  
Agricultural Development ◽  
Agricultural Sector ◽  
Climate Change Impacts ◽  
Regional Level ◽  
Development Discourse ◽  
Caribbean Islands ◽  
Vulnerability To Climate Change ◽  
Chronological Sequence ◽  
The Caribbean

To fully appreciate climate change impacts and adaptations in the Caribbean, several aspects of the phenomenon and the region's response must be placed in historical and chronological sequence. This chapter starts with a review of the Caribbean islands, focusing on the agricultural sector and its vulnerability to climate change impacts. It then provides a brief review of the Caribbean's foray into organized planning for climate change; the early advocacy of those who believed the issue was a serious threat to the region, and the projects that were developed. It also traces organized institutional level responses, some national efforts, and the degree to which climate change issues have now become part of the routine agricultural development discourse. An overview of the possible climate change impacts and the programmed adaptations at a regional level are presented, and the chapter ends with a look at the importance of communication to raise awareness and ultimately change behaviours.

Adaptation to Climate Change in Small Island Developing States: A Systematic Literature Review of Academic Research

2019 ◽  
Vol 28 (2) ◽  
pp. 196-218 ◽  
Author(s):  
Carola Klöck ◽  
Patrick D. Nunn
Keyword(s):  
Climate Change ◽  
Academic Research ◽  
Climate Change Impacts ◽  
Adaptation Strategies ◽  
Small Island ◽  
Small Island Developing States ◽  
Adaptation To Climate Change ◽  
Island States ◽  
Vulnerability To Climate Change ◽  
The Pacific

Small Island Developing States (SIDS) share a common vulnerability to climate change. Adaptation to climate change and variability is urgently needed yet, while some is already occurring in SIDS, research on the nature and efficacy of adaptation across SIDS is fragmentary. In this article, we systematically review academic literature to identify where adaptation in SIDS is documented; what type of adaptation strategies are taken, and in response to which climate change impacts; and the extent to which this adaptation has been judged as successful. Our analysis indicates that much adaptation research is concentrated on the Pacific, on independent island states, and on core areas within SIDS. Research documents a wide array of adaptation strategies across SIDS, notably structural or physical and behavioral changes. Yet, evaluation of concrete adaptation interventions is lacking; it thus remains unclear to what extent documented adaptation effectively and sustainably reduces SIDS’ vulnerability and increases their resilience.

scholarly journals Effect of border policy on exposure and vulnerability to climate change

2020 ◽  
Vol 117 (43) ◽  
pp. 26692-26702
Author(s):  
Hélène Benveniste ◽  
Michael Oppenheimer ◽  
Marc Fleurbaey
Keyword(s):  
Climate Change ◽  
International Migration ◽  
Population Distribution ◽  
Migration Policy ◽  
Climate Change Impacts ◽  
Adaptation Strategy ◽  
Lack Of Information ◽  
Vulnerability To Climate Change ◽  
International Climate Policy ◽  
Border Policy

Migration may be increasingly used as adaptation strategy to reduce populations’ exposure and vulnerability to climate change impacts. Conversely, either through lack of information about risks at destinations or as outcome of balancing those risks, people might move to locations where they are more exposed to climatic risk than at their origin locations. Climate damages, whose quantification informs understanding of societal exposure and vulnerability, are typically computed by integrated assessment models (IAMs). Yet migration is hardly included in commonly used IAMs. In this paper, we investigate how border policy, a key influence on international migration flows, affects exposure and vulnerability to climate change impacts. To this aim, we include international migration and remittance dynamics explicitly in a widely used IAM employing a gravity model and compare four scenarios of border policy. We then quantify effects of border policy on population distribution, income, exposure, and vulnerability and of CO2 emissions and temperature increase for the period 2015 to 2100 along five scenarios of future development and climate change. We find that most migrants tend to move to areas where they are less exposed and vulnerable than where they came from. Our results confirm that migration and remittances can positively contribute to climate change adaptation. Crucially, our findings imply that restrictive border policy can increase exposure and vulnerability, by trapping people in areas where they are more exposed and vulnerable than where they would otherwise migrate. These results suggest that the consequences of migration policy should play a greater part in deliberations about international climate policy.

Chile spending commitments may hamper fiscal prudence

2018 ◽  
Keyword(s):  
Government Spending ◽  
Credit Rating ◽  
Gdp Growth ◽  
Credit Rating Agencies ◽  
Government Budget ◽  
Content Type ◽  
Rating Agencies ◽  
The Government ◽  
Fiscal Prudence

Subject The draft 2019 budget. Significance The government budget for 2019, announced by President Sebastian Pinera on September 29, is the most austere in almost a decade. It aims to restore Chile’s long-standing reputation for exemplary fiscal conduct, which in recent years has been undermined by increases in government spending that outstrip GDP growth, and the resulting increase in borrowing. Impacts Credit rating agencies have indicated that the draft budget is in line with their concerns about Chile’s rising borrowing requirement. The ongoing decline in fiscal revenues from copper underlines Chile’s need to diversify its economy. The government will be hard-pressed to meet its fiscal goals if, as current forecasts suggest, GDP growth weakens through to 2020.

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