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Corporate climate risk picture is still murky

Disclosure regulation can play an important role in pushing corporate leaders “to think about important issues systematically”, says Dr Ben Caldecott, Director of the Oxford Sustainable Finance Programme. “But let’s put it in perspective . . . it won’t produce the big, major changes required.”

IN THE NEWS

Why time matters in carbon accounting

Writing in Financial Management, Jimmy Jia argues that current carbon accounting methods fail to account properly for the timing of emissions and removals, making it harder to assess long-term climate impacts and investment decisions. Alongside co-author Jeremy Osborn, Jia proposes a new method, called the "General-Purpose Life Cycle Assessment (GP-LCA)," incorporating concepts of double-entry bookkeeping as a means to track the passage of time for carbon emissions accounting.

IN THE NEWS

Heatwaves Are Now Routine – So, How Are We Going To Adapt?

The UK has moved from needing to prepare for the possibility of climate impacts to managing impacts that are already happening. The problem, according to the experts interviewed in this Politics Home article, including Sam Fankhauser, Interim Director of the Oxford Smith School, is the failure to turn plans into measurable action.