Climate

Tales from the High Arctic: Navigating Climate Risks

Tales from the High Arctic: Navigating Climate Risks

At 79 degrees north, the northernmost permanent human settlement and gateway to the North Pole, Ny-Ålesund is a leading centre for international Arctic scientific research and environmental monitoring—and it used to be an arctic coal mine. The stunning turnaround from a fossil fuel extraction base to leading climate science research site represents an apt analogy for the type of transition we need to make globally to manage the risks associated with climate change.

This autumn, Affirmative Investment Management (AIM) participated in the annual Ny-Ålesund Symposium, which focussed on climate risks and was timed just ahead of the release of the 2018 IPCC report. The 53 delegates of this high-level convention in the High Arctic comprised climate researchers, investors, green bond issuers and policy makers, brought together to discuss how, collectively, the financial system can navigate climate risks.