Newsletter: California’s Fourth Climate Change Assessment

Four Twenty Seven's monthly newsletter highlights recent developments in climate adaptation and resilience. This month, don't miss the new California Heat Assessment Tool, funding opportunities for risk mitigation and a preview of resilience events at upcoming conferences!

In Focus: Health-based Heat Projections

Four Twenty Seven tool developed under California’s Fourth Climate Change Assessment identifies regions most vulnerable to extreme heat

The California Heat Assessment Tool helps identify neighborhoods with populations vulnerable to heat and overlays projections for heat events likely to cause health impacts. This new research establishes local, health-based thresholds for extreme heat that help public officials, health professionals and residents understand what changing conditions mean for them. The tool can be searched by city, county or zip code and provides data at the census tract level.

Four Twenty Seven developed the tool with funding from the California Natural Resources Agency, in partnership with Argos Analytics, the Public Health Institute and Habitat Seve, and  technical support from the California Department of Public Health.

Access the Tool
California Releases Fourth Climate Change Assessment 

“In California, facts and science still matter,” said Governor Edmund G. Brown Jr. “These findings are profoundly serious and will continue to guide us as we confront the apocalyptic threat of irreversible climate change.”

Released yesterday, California's Fourth Climate Change Assessment includes 44 projects advancing actionable science to serve the growing needs of state and local-level decision-makers from a variety of sectors. Explore all technical reports and outputs at www.ClimateAssessment.ca.gov

"State energy officials said the assessment underscores the urgent need not only for swift global reductions in greenhouse gas emissions but also local actions to protect California from warming that’s already threatening people, natural resources and infrastructure." The Los Angeles Times reports.

“We’re seeing that in the fire situation, we’re seeing that in sea level rise, we’re seeing that in heat spells, in declining snowpack,” said California Energy Commission Chairman Robert Weisenmiller. “The climate is changing now so we need to be adapting our communities.”

Four Twenty Seven at GCAS and PRI

Join our GCAS side event on Sept. 11 in San Francisco

Safeguarding local infrastructure, businesses and the economies they support requires an understanding of the interconnected nature of the climate vulnerabilities of communities, businesses and financial institutions.

This affiliate side event, hosted by Four Twenty Seven, will feature investor, business and government thought leaders to discuss cutting edge projects and collaboration to build community and economic resilience. From 8:30-11:30am on Sept. 11 at Arup. 

This is a free invite-only event with limited capacity. Please express interest to be added to the list and we will review and confirm your registration shortly.
Express Interest

Join Four Twenty Seven at other side events on climate resilience

 
Looking for other applicable events? We've compiled a list of resilience-related side events that are pertinent for investors, corporations and communities. Browse our Google Doc, updated on an ongoing basis, to spot the most interesting side events on climate risk and climate science. Email nambrosio@427mt.com if you'd like your event to be included in our curated list.
More Events
Four Twenty Seven at CAF This Week

Join as at the California Adaptation Forum today and tomorrow! Visit our booth and meet with the team at the following panels:

  • Today from 1:05-1:25pm: Senior Data Analyst, Josh Turner, will demo the California Heat Assessment Tool at the Tools Salon.
  • Today from 2:55-4:10pm: Director of Advisory Services, Yoon Kim, will moderate a panel on "Heat Resilient Transit and Cool Streets." 
  • Today from 4:25-5:50pm: Yoon will moderate a panel, "Who Pays? The Implications of Liability, Insurance, And Credit Ratings on Adaptation Finance."
  • Wednesday from 9:30-10:45am: Manager, Advisory Services, Kendall Starkman will moderate a panel, "From Idea to Action: Mobilizing Adaptation Implementation Through Partnerships."
  • Wednesday at 1:30pm: Kendall will speak at the event, "ASAP Members Lead the Transfer of Adaptation Takeaways to GCAS tomorrow at 1:30pm. Editor, Natalie Ambrosio, will speak at the annual in-person ASAP meeting during the second half of this session.
Funding Opportunities to Build Resilience

Several funding opportunities for hazard mitigation projects in California

  • PDM and FMA Funding Opportunities:There is $235,200,000 nationwide for the PDM Program and $160,000,000 nationwide for the FMA Program, which provide funding for the development of local hazard mitigation plans (LHMPs) and implementation of hazard mitigation projects.The Notice of Interest for both grants is due by September 4, 2018. For more information visit Cal OES or email PDFM@caloes.ca.gov. 
  • Hazard Mitigation Grant Program (HMGP) – DR-4382 funding opportunity: HMGP funding is available statewide for any eligible mitigation activity.  Eligible activities also include Climate Resilient Mitigation Actions (CRMAs), such as actions supporting aquifer storage and recovery, flood diversion and storage, floodplain and stream restoration, and green infrastructure methods.  More info forthcoming on Cal OES. Or contact HMGP@caloes.ca.gov for more information. 
Upcoming Events

Join the Four Twenty Seven team in the field at these upcoming events:

  • September 11 - Building Community and Economic Resilience: San Francisco, CA: Four Twenty Seven will host a side event alongside the Global Climate Action Summit on Sept 11 to discuss the role of investors, businesses and governments in contributing to climate-resilient cities and infrastructure. Express interest.
  • September 12-14 – PRI in Person, San Francisco, CA: Visit the Four Twenty Seven booth and meet with our team at this annual gathering of responsible investment industry leaders. More details above.
  • September 12-14 – Global Climate Action Summit, San Francisco, CA: CEO Emilie Mazzacurati to speak at a session on resilience in this convening of global leaders meant to propel action around the Paris Agreement. More details above.
  • September 24-26 – 2018 Great Lakes Adaptation Forum, Ann Arbor, MI: Director of Advisory Services, Yoon Kim, will join this gathering of practitioners and scholars dedicated to building regional resilience.
  • September 24-30Climate Week NYC, New York, NY: Senior Analyst, Lindsay Ross, will join discussions around physical climate risk and resilience at this annual event. 
  • October 4 – Japan Electronic Trading Conference 2018, Tokyo, Japan: CEO Emilie Mazzacurati will speak about how physical climate risk affects investing strategies at this gathering of the FIX Trading Community. 
  • October 8-11 – ULI Fall Meeting, Boston, MA: Founder & CEO, Emilie Mazzacurati to join a panel on assessing climate risk in the real estate industry.
  • October 8-12 – Paris InfraWeek, Paris, France: Director, Europe, Nathalie Borgeaud, will join this discussion of recent developments in infrastructure finance.
  • October 15 - Deutsche Bank ESG Summit, Boston, MA. COO Colin Shaw will join a panel on climate risk in equities. Invitation-only.
  • October 16-18 – Verge 18, Oakland, CA: Yoon Kim will join this convening focused on developing a resilient, green economy.
  • October 23-26 – SOCAP18, San Francisco, CA: Members of the Four Twenty Seven team will participate in the annual Social Capital Markets conference.
  • November 13-15 – International Summit at Greenbuild Conference and Expo, Chicago, IL: Emilie Mazzacurati will provide the luncheon plenary address, "Climate Intelligence: Decision-making in the Age of Climate Change," on Tues Nov. 13.
  • November 16 – Methodologies and Tools to Evaluate the Financial Impact of Climate-related Risks and Opportunities, Milan, Italy: Nathalie Borgeaud will present Four Twenty Seven's methodology to assess physical climate risk in financial portfolios during this workshop.
  • November 26-28 – UNEP FI Global Roundtable & Climate Finance Day, Paris, France: Emilie Mazzacurati and Nathalie Borgeaud will participate in these two evens dedicated to mobilizing the financial sector to create a sustainable financial system.
  • December 3-14 – COP24, Katowice, Poland: Nathalie Borgeaud and Yoon Kim will attend the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change and participate in side events.
  • December 5-6 – RI Americas, New York, NY: Emilie Mazzacurati to join a panel on climate risk in real estate markets. Visit the Four Twenty Seven booth.
  • December 10-14 – AGU Fall Meeting, Washington, DC: Director of Analytics, Nik Steinberg, Senior Data Analyst, Josh Turner and Lindsay Ross will join this annual convening of the Earth and space sciences community. 
Twitter
Twitter
LinkedIn
LinkedIn
YouTube
YouTube
Facebook
Facebook
Website
Website
Email
Email
Copyright © 2018 Four Twenty Seven, All rights reserved.
Four Twenty Seven sends a newsletter focused on bringing climate intelligence into economic and financial decision-making for financial institutions, corporations, and government institutions.

Our mailing address is:
Four Twenty Seven
2000 Hearst Ave
Ste 304
Berkeley, CA 94709

The California Heat Assessment Tool

As California’s climate warms, residents increasingly endure extreme heat events that adversely impact public health. This exacerbates existing risks and will bring new challenges for different regions in the state, threatening the efficacy of traditional intervention strategies. Current thresholds for heat alerts are based on temperatures that exceed historical statistical thresholds, rather than temperatures that cause public health impacts. These ‘health-neutral’ thresholds may underestimate the health risks for the most sensitive populations. The new California Heat Assessment Tool (CHAT) is based on research that establishes local, health-based thresholds for extreme heat that help public officials, health professionals and residents understand what changing conditions mean for them. CHAT is part of California’s Fourth Climate Change Assessment, a state-mandated research program to assess climate change impacts in California, and was developed by Four Twenty Seven, Argos Analytics, the Public Health Institute and Habitat 7 with technical support from the California Department of Public Health.

Explore CHAT at cal-heat.org.  This online tool advances the understanding of what types of heat waves pose public health risks and examines how the frequency and severity of local heat waves are expected to change over time due to climate change.

Read a brief report, The California Heat Assessment Tool: Planning for the Health Impacts of Extreme Heat, that shares key findings from the research and summarizes the data analysis visualized in the tool.

Access the technical report detailing technical methodology and view other projects funded by the California Fourth Climate Change Assessment.

Access the users needs assessment for a detailed explanation of the literature review and interview process that defines the data gap the research team addressed.

Download the full press release.

Key Takeaways

  • Current climate change projections show that a typical California summer in 2100 may be 4-5° F warmer than today. Heat waves are also lasting longer, occurring later into the summer season and in areas less accustomed to heat waves.
  • Elderly or very young people, outdoor workers and individuals with preexisting health conditions or limited resources are most sensitive to the impacts of extreme heat and may be disproportionately affected. Some of these sensitive, or frontline, populations may experience adverse health impacts at temperatures 6-8° F lower than the general population.
  • Current thresholds for heat alerts are based on temperatures that exceed certain statistical thresholds, rather than temperatures that cause public health impacts. These health-neutral thresholds may underestimate the health risks for the most sensitive populations.
  • The online California Heat Assessment Tool (cal-heat.org) allows users to visualize projected changes in heat events that cause adverse health impacts, while also exploring data on social, health and environmental factors that contribute to heat vulnerability.

Weathering Wildfires: 427 Interview

Director of Analytics, Nik Steinberg, discusses wildfire risk, impacts and prevention efforts, on the Midday Briefing. Nik explains implications of increasingly frequent and severe wildfires for the insurance industry and homeowners and shares several ideas for adapting to these risks. While fires have always occurred, climate change is changing the landscape of the wildland-urban interface and residents and policy-makers must understand their wildfire risks and implement preventative strategies. The economic implications are huge for utilities, shareholders and communities, but with intentional planning businesses, governments and residents have the opportunity to mitigate loss.

 

Newsletter: Are we doing enough? The state of climate adaptation in the US

 

 

Four Twenty Seven’s monthly newsletter highlights recent developments in climate adaptation and resilience. This month, don’t miss a review of U.S. climate adaptation and a close look at opportunities to build resilience through collaboration.

In Focus: The State of Climate Adaptation


Are we doing enough? How is the field of adaptation developing in the United States? Rising to the Challenge, Together: A Review and Critical Assessment of the State of the US Climate Adaptation Field explores the field’s development, potential and challenges. Commissioned by the Kresge Foundation, the report was co-authored by Susanne C. Moser of Susanne Moser Research and Consulting, Joyce Coffee of Climate Resilience Consulting, and Aleka Seville in her capacity as Four Twenty Seven’s Director of Community Adaptation in 2017.

Based on a literature review and dozens of interviews with thought leaders and adaptation practitioners, this report finds that the emerging field of climate adaptation must continue to develop with increased urgency. Communities across the country are experimenting with adaptation, with the support of a growing knowledge base and suite of tools, and boosted by new actors including utility managers, private sector interests and philanthropy.

However, the field is largely crisis-driven and fails to adequately address the social equity aspects of adaptation choices, that should ensure all people benefit regardless of socio-economic status or race.  It also lacks a shared vision, consistent funding and agreed upon best practices among other shortcomings, the report found. The report recommends aggressive acceleration of adaptation planning, coordination across jurisdictions, and implementation among advocates, planners, and funders. Read more.

Read the Report

The United States of Climate Change


With examples from every state in the U.S. this United States of Climate Change” feature from The Weather Channel displays the vast, dire and varied implications of climate change. It also documents communities’ efforts to adapt to a rapidly changing world. From new species of pathogen-hosting mosquitoes flourishing in Mississippi to “flash droughts” threatening barley in small Montana towns that depend on selling the crop to beer brewers, there is a plethora of local stories highlighting cultural, social and economic impacts of climate change. The Washington Post reports on the thinking behind Weather.com’s framing of this feature.

For more examples of climate change’s local impacts, read about Four Twenty Seven’s work examining the impacts of climate change on Delaware’s workforce and our analysis of extreme heat and public health in Denver.

Working with businesses to build community resilience

As increasing numbers of climate disasters cause over $1 billion in damages, the economic impacts of these events are widespread and ongoing. California wine-growers will feel the financial effects for years as they work to rebuild their vineyards, while the communities that depend on this economy will also feel these consequences. Four Twenty Seven’s blog post “Working with Businesses to Build Community Resilience” outlines opportunities for local governments and businesses to support each other in adaptation efforts.

Businesses and communities depend on each other and have important roles to play in collaborative climate change preparation. While businesses rely on resilient infrastructure and city services, they can also support community recovery efforts and participate in planning. Likewise, local governments can create collaborative networks, share resources and engage businesses. Read more.

Read the Blog

Resources on Engaging Businesses in Adaptation

For more insight on corporate adaptation read the Caring for Climate report, The Business Case for Corporate Adaptation, which highlights the benefits for businesses to build their awareness of climate risk and opportunities for policymakers to encourage corporate adaptation.

Will Amazon HQ2 consider resilience?

Eager for an opportunity for up to 50,000 jobs and a potential $5 billion in investment, twenty cities received the anticipated advancement to the list of finalists for Amazon’s HQ2 last month. Among this short list is the Southeast Florida bid, a collaboration between Broward, Miami-Dade and Palm Beach Counties.

These counties have experience working together through the Southeast Florida Regional Climate Change Compact, which also includes Monroe County. The compact’s Regional Climate Action Plan emphasizes the importance of regional strategies to build resilient economies and communities. Now the benefits of this collaboration are becoming increasingly clear, as many of the regional compact’s priorities, such as addressing sea level rise and improving infrastructure, are also important for bolstering economic success by helping to attract Amazon and other businesses to the region.

Inside the Office at Four Twenty Seven

Meet the Team: Lindsay Ross

Four Twenty Seven is delighted to welcome Lindsay Ross, who joins the team as a Senior Analyst, Macroeconomic Risks. Lindsay analyzes the economic impacts of climate change on corporations and financial markets. She studies at the Johns Hopkins School of Advanced International Studies (SAIS), focusing on Energy, Resources, and the Environment as well as International Finance and Economics. Previously she worked for the U.S. International Trade Commission, assisting with research on the impacts of international trade on the U.S. economy.

Upcoming Events

Join the Four Twenty Seven team in the field at these upcoming events:

  • February 13: Climate Risk: From Assessment to Action, Washington, DC: CEO, Emilie Mazzacurati, will speak on a panel at this workshop hosted by the Inter-American Development Bank
  • February 28 – March 2: Climate Leadership Conference, Denver, CO: Climate Adaptation Senior Analyst, Kendall Starkman, will attend this gathering of climate, sustainability and energy professionals.
  • March 6: Inaugural Conference: Northern European Partnership for Sustainable Finance (NEPSF), London, UK. Emilie Mazzacurati will join the launch of this new Partnership to support sustainable finance.
  • June 18-21: Adaptation Futures 2018, Cape Town, South Africa: Director of Advisory Services, Yoon Kim, will facilitate a session at this conference, exploring integrating climate risks into infrastructure investment decisions.
  • August 28-29: 3rd California Adaptation Forum, Sacramento, CA: Save the date for this opportunity to join over 600 climate leaders in workshops, sessions and networking around adaptation action in California.

Twitter
Twitter

LinkedIn
LinkedIn

YouTube
YouTube

Facebook
Facebook

Website
Website

Email
Email

Copyright © 2017 Four Twenty Seven, All rights reserved.
Four Twenty Seven sends a newsletter focused on bringing climate intelligence into economic and financial decision-making for Fortune 500 companies, investors, and government institutions.Our mailing address is:
Four Twenty Seven
2000 Hearst Ave
Ste 304
Berkeley, CA 94709Add us to your address bookWant to change how you receive these emails?
You can update your preferences or unsubscribe from this list

 

 

 

This email was sent to

 

 

Report: A Review of Climate Adaptation in the US

Events once considered “hundred year” disasters increasingly occur several times in individual lifetimes. In the face of urgent crisis, community leaders, businesses, nonprofits and individuals have seen a need to build resilience, to preserve human lives and the economies upon which they depend. Recognizing the emergence of a field of climate adaptation and seeking details on the field’s development, potential and challenges, the Kresge Foundation commissioned an assessment of the field of adaptation. This project culminated in a report, Rising to the Challenge, Together: A Review and Critical Assessment of the State of the US Climate Adaptation Field, by  Susanne C. Moser of Susanne Moser Research and Consulting, Joyce Coffee of Climate Resilience Solutions, and Aleka Seville, Four Twenty Seven’s Director of Community Adaptation at the time. Read the full press release below:

Download the Full ReportDownload the Executive Summary • Download the Appendices

————————————

The emerging field of climate adaptation is growing in sophistication and influence, but there is a significant gap between the magnitude of the challenge and existing efforts to protect people and property from climate volatility, according to a report released today.

“Rising to the Challenge, Together” provides a critical assessment of the state of the climate adaptation field in the U.S. It was commissioned by The Kresge Foundation and authored by a trio of adaptation experts: Susanne C. Moser of Susanne Moser Research and Consulting; Joyce Coffee of Climate Resilience Consulting; and Aleka Seville of Four Twenty Seven, Inc.

The report finds that the challenge of climate adaptation and resilience is an everyday reality for decision makers across the United States. Climate change is widely recognized as a critical – possibly existential – threat to humans, other species, and the natural systems on which all life depends. As climate impacts accelerate and population grows in vulnerable areas, disasters are more frequent and more devastating.  Supercharged storms, catastrophic wildfires, and deadly heatwaves affect growing numbers of Americans – particularly those with low incomes who are least able to avoid or minimize the impact of severe events.

Communities across the country are experimenting with adaptation, defined as the management of and preparation for the impacts of global climate change and related extremes. They are aided by a growing knowledge base and suite of tools, and boosted by new actors including utility managers, private sector interests and philanthropy.

However, the field is largely crisis-driven and fails to adequately address the social equity aspects of adaptation choices, that should ensure all people benefit regardless of socio-economic status or race.  It also lacks a shared vision, consistent funding and agreed upon best practices among other shortcomings, the report found.

“Our research revealed a growing core of professionals, committed municipal leaders, engaged community residents and others who are proactively identifying ways to make their cities and regions more resilient,” said author Susanne C. Moser. “But without much-accelerated efforts to expand and professionalize the adaptation field we fear communities, businesses and particularly the most vulnerable are at growing risk. To ensure their safety, well-being and prosperity, we must rapidly come together to slow the release of planet-warming greenhouse gases; invest in smarter, more resilient systems, infrastructure and planning practices; and do both while building social cohesion and equity.”

The report’s findings and recommendations were the basis of a next-steps conversation among several dozen climate-resilience experts and thought leaders at a January 22 workshop in Washington, D.C. At that meeting participants discussed ways to better disseminate promising resilience practices, embed climate resilience in planning and policymaking, and generate new financing mechanisms for the work.

The report recommends aggressive acceleration of adaptation planning, coordination across jurisdictions, and implementation among advocates, planners, and funders. Leaders must press the urgency of addressing climate change both through adaptation and mitigation – pushing the field to think bigger, bolder and deeper. At the same time, funding support must grow and policy incentives should be aligned to support the incorporation of resilience across different practices and sectors.

“This report highlights the urgency of building climate adaptation as a field of practice,” said Lois DeBacker, managing director of The Kresge Foundation’s Environment Program. “It is critical to expand the number of people who understand the imperative of acting quickly, which actions yield the best and most effective protections against climate change-fueled events, and how to approach climate resilience in ways that advance equity.”

————————————

Working with Businesses to Build Community Resilience

The year 2017 will stay on the record as one of the most expensive years to date for climate and weather disaster events. The U.S. experienced 16 weather and climate disasters that caused over $1 billion in damages, tying the record year of 2011 for the most billion-dollar disasters. From summer through the fall, wildfires in various parts of California led to fatalities, destruction of entire communities, and damage costs of $18 billion, with economic consequences that will continue to impact the region. These events have highlighted that climate change has already begun to and will continue to impact local communities and businesses, and that local economies will benefit from more coordinated resilience planning.

Communities across the U.S. are taking steps to identify their climate change risks and enhance their resilience to changing climate conditions. Many local governments have assessed their vulnerabilities and are developing resilience plans with support from local stakeholders. However, a key set of stakeholders are often not at the table: businesses. Collaboration between local governments and the business community on climate change resilience remains limited. As local and regional climate change planning continues, it becomes increasingly important for local governments to engage with businesses, both large and small, on these issues.

The success of businesses and communities is intertwined

Many larger companies recognize the impacts of climate change on their operations, including risks to physical assets, disruptions to supply chains, and impacts on their workforce. In fact, some businesses, like Google, are examining how to develop company resilience strategies that address changing climate conditions. Businesses are also dependent on public infrastructure and local government services, and climate risks on these “outside the fence” components are much harder for businesses to evaluate. In fact, a number of companies have highlighted these uncertainties as a major barrier in addressing adaptation.

Local governments are dependent on the private sector in many ways. Businesses are essential to the economic health and growth of communities. Business interruptions can affect the quality of life for residents, disrupt the local economy, and reduce tax revenues. The costs of Hurricane Harvey are still being evaluated, but preliminary estimates suggest that lost economic output from this storm was in the range of $9 billion to $11 billion, including $540 million for goods-producing industries and $141 million for oil and gas industries. The October 2017 wildfires in California’s wine country are estimated to have caused economic losses between $6 and $8 billion dollars due to property damage and business interruptions alone, with $789 million in commercial property claims. These costs do not include the potential losses to the wine industry for many years to come.

Local governments have a strong interest in ensuring that businesses are resilient and remain operational as the climate continues to change. Companies will also benefit from engaging with the public sector on community resilience to enhance their business continuity plans and support their employees. In addition to better protecting their employees and operations, this type of collaboration will help businesses better understand community needs.

Businesses can assist local governments with expertise and solutions

Larger businesses often already understand local risks because of internal risk management processes. Risk management and emergency management plans, along with drills and training exercises with employees, help businesses prepare for extreme events. Local governments can coordinate with businesses on risk management, including participating in drills and trainings, to build and maintain community resilience.

Local governments can also use larger companies’ expertise and data on risk. Businesses may be monitoring information that could be relevant to local resilience planning. For example, utilities often track potential risks to their assets, such as those related to storms (e.g., wind, precipitation, flooding), wildfire, and temperature impacts on energy demand. This information can be helpful to local decision-makers in both emergency management and long-term resilience planning.

The private sector also offers opportunities in services and solutions. Businesses are often interested in developing and improving technologies, engineering approaches, technical assistance, and opportunities to connect with their communities. For example, Airbnb offered disaster relief to people impacted by the California wildfires, connecting displaced residents to available housing. The company also worked with the City of San Francisco’s Department of Emergency Management to share their lessons learned from Superstorm Sandy. Airbnb is also partnering with various local governments to help communities prepare for and recover from disasters. Local governments’ suggestions for climate change solutions and services can help businesses tailor their products to best serve the community.

In addition, financing for implementing community resilience can often be a challenge for local governments. The private sector can offer financing solutions to help fund climate change resilience. For example, Pacific Gas and Electric Company (PG&E) is investing $1 million over five years through their Better Together Resilient Communities grant program to support local climate resilience initiatives in California.

Local governments can share data and information with businesses

Some local governments have undertaken vulnerability assessments and climate change scenario planning for their regions. The data and results from these studies can be shared with businesses to help them understand what assumptions are being used by local governments, and whether their scenarios align, which will be increasingly important to ensure regional coordination as conditions change.

While larger companies may undertake scenario planning and vulnerability assessments, most small businesses do not. However, small businesses can also benefit from data and information sharing. Small companies do not often have the expertise or resources to adequately assess climate change risks and undertake resilience planning. Local governments can share information with small businesses to help them better understand their potential risks and prepare for extreme events. In California, Valley Vision has developed the Capital Region Business Resiliency Initiative to help engage the small business community in resilience planning. This effort helps small businesses engage with local stakeholders to understand potential risks and provides resources to help these businesses plan for disaster resilience.

Local governments can engage with businesses through existing networks or by creating new processes to assist with engagement

Local governments can engage with both small and large businesses through networks and organizations for the private sector, like local chambers of commerce, trade associations, and other business networking groups. For example, the City of Annapolis has engaged the Anne Arundel County Chamber of Commerce and the Downtown Annapolis Partnership in its Weather It Together initiative, which is focused on adapting the historic community to minimize the risks associated with flooding. Through this effort, local businesses are part of the planning process to help the community become more resilient. The City of Cambridge, Massachusetts has also engaged businesses in long-term planning efforts like the Cambridge Compact and the city’s Climate Change Preparedness & Resilience Plan. Establishing public-private partnerships focused on climate resilience will also help to facilitate conversations and collaboration between these two sectors.

Local governments may already engage with businesses individually, but it can be helpful to set up an ongoing process for involving the private sector in resilience planning. For example, business representatives can participate in local planning and advisory committees, contributing their perspectives and identifying any key issues for the business community. Effectively engaging the business community will often require targeted outreach and potentially different strategies, as businesses may not be aware of ongoing stakeholder processes or may not realize their relevance to company needs. Some communities have incorporated businesses into resilience planning through regional climate collaboratives. Several regional climate collaboratives in California focus on engaging different stakeholder groups, including businesses, to further climate change planning. For example, the Sierra Climate Adaptation and Mitigation Partnership was founded by the Sierra Business Council and has various business members, including ski resorts and forestry companies.

Effectively preparing for climate change’s impacts requires that cities coordinate with many different stakeholders. Businesses, public agencies, community groups, and citizens are all important to the discussion on community resilience, as they will all be impacted by climate change and have important ideas to contribute. Engaging the private sector is an important way for local governments to improve community resilience, and will benefit both the public and private sector through information sharing, aligning needs and goals, and developing multi-sector networks.

Newsletter: New Report on Climate Risk in Infrastructure Investments

 

 

Four Twenty Seven’s monthly newsletter highlights recent developments in climate adaptation and resilience. This month, don’t miss funding opportunities for local adaptation and a closer look at resilient infrastructure! 

In Focus: Infrastructure Resilience

Lenders’ Guide: Considering Climate Risk in Infrastructure Investments


Climate change poses multifaceted physical risks for infrastructure investors, including decreasing revenue due to operational capacity limits, increasing maintenance costs from physical damage, decreasing asset value, and increasing liability and debt. Four Twenty Seven, with our partners Acclimatise and Climate Finance Advisers, published today the Lenders’ Guide for Considering Climate Risk in Infrastructure Investments.” This new report provides banking institutions and infrastructure investors with a brief introduction to the ways that physical climate risks can affect infrastructure investment. The guide includes ten illustrative “snapshots” describing climate change considerations in example sub-industries such as commercial real estate, power plants, and hospitals.

Read Lender’s Guide

Built to Last

The Union of Concerned Scientists’ white paper, Built to Last: Challenges and Opportunities for Climate-Smart Infrastructure in California, responds to Executive Order B-30-15, which mandates that state agencies plan for climate change. The paper makes suggestions for policies that support resilient infrastructure with co-benefits for human and ecosystem health and mitigation. Recommendations cover tools and standards, financial assessments and institutional capacity building.

Read the White Paper

How to Incorporate Climate in Local Planning

Local Adaptation Planning: Four Twenty Seven’s Process Guide

United States cities face increasing challenges from climate change impacts and increasing legislation requiring that they prepare for these impacts. Through our work assisting eight cities in Alameda County in responding to California’s Senate Bill No. 379 Land Use: General Plan: Safety Element (Jackson) (SB 379), Four Twenty Seven developed a streamlined process to support local governments’ efforts to integrate climate risks into key planning efforts, such as local hazard mitigation plans, general plans and climate action plans. SB 379 requires cities and counties in California to incorporate adaptation and resilience strategies into General Plan Safety Elements and Local Hazard Mitigation Plans starting in 2017.

Four Twenty Seven’s Process Guide for Local Adaptation Planning outlines two steps for effective climate adaptation planning: 1) a hazard assessment to determine vulnerability and 2) identification of appropriate adaptation options.

Read the Process Guide

“Planning and Investing for a Resilient California” – Guidance Document

As fires and floods rage up and down the coast and lives and livelihoods are lost and damaged, the call for resilience feels increasingly urgent each day. A resilient California is a state with strong infrastructure, communities and natural systems that can withstand increasingly volatile conditions.
To support the implementation of  Executive Order B-30-15, mandating that state agencies plan for climate change, the California Governor’s Office of Planning and Research released “Planning and Investing for a Resilient California,” a guidance document outlining strategies to include climate adaptation in decision-making. Four Twenty Seven CEO Emilie Mazzacurati served on the Technical Advisory Group that wrote the report.

The guide outlines four steps for integrating climate into decisions: characterizing climate risk, analyzing climate risk, making climate-informed decisions and monitoring progress. Ending with a closer look at investing in resilient infrastructure, the document provides actionable guidelines for building a resilient California.

Read the Guidance Document

Climate Change Threatens City Credit Ratings

“What we want people to realize is: If you’re exposed, we know that. We’re going to ask questions about what you’re doing to mitigate that exposure,” Lenny Jones, a managing director at Moody’s was quoted by Bloomberg. “That’s taken into your credit ratings.” Jones is explaining the thinking behind a recent Moody’s report that urged cities and states to act upon their climate risk or face potential credit downgrades. Moody’s is not the only credit agency in this conversation, as others including Standard & Poor’s are increasingly publicizing their inclusion of climate risk in credit ratings.These steps by rating agencies may provide the extra impetus that municipalities need to examine their climate risks and take action.

Four Twenty Seven conducts research on urban resilience to climate risks and offers real asset screening and portfolio analytics to help investors identify and respond to risks in their portfolios.

Funding Opportunities and Finance Guide

Resilient by Design Finance Guide

The recently published Finance Guide for Resilient by Design Bay Area Challenge Design Teams, for challenge participants, outlines traditional funding resources for infrastructure in California and describes other potential funding opportunities that have not traditionally been used for this purpose. It also highlights requirements particular to this state.

Funding Opportunities

The California Ocean Protection Council (OPC) is accepting grant proposals for funding from Proposition 1. Priorities for this funding include projects that address sea level rise, benefit marine managed areas, support fishery infrastructure that protects ecosystems, and reduce the risk of communities to hazardous sites threatened by flooding. Find all relevant information on OPC’s Prop 1 website.

The Governor’s Office of Emergency Services (Cal OES) has initiated a Hazard Mitigation Grant Program for federally recognized tribes, local governments, nonprofits and state agencies to implement FEMA approved Local Hazard Mitigation Plans.Deadline: January 30, 2018.

Inside the Office at Four Twenty Seven

Meet Andrew Tom, Business Data Analyst

Four Twenty Seven is proud to announce the addition of Andrew Tom to our team. Andrew supports the business data extraction process used in analyzing climate risk for companies and financial markets.

Previously, Andrew led development of various data science projects and prototypes involving machine learning techniques, natural language processing and graph networks. He has also worked in the California State Legislature and in nonprofit leadership capacities.

Upcoming Events

Join the Four Twenty Seven team in the field at these upcoming events:

Twitter
Twitter

LinkedIn
LinkedIn

YouTube
YouTube

Facebook
Facebook

Website
Website

Email
Email

Copyright © 2017 Four Twenty Seven, All rights reserved.
Four Twenty Seven sends a newsletter focused on bringing climate intelligence into economic and financial decision-making for Fortune 500 companies, investors, and government institutions.Our mailing address is:
Four Twenty Seven
2000 Hearst Ave
Ste 304
Berkeley, CA 94709Add us to your address bookWant to change how you receive these emails?
You can update your preferences or unsubscribe from this list

 

 

 

This email was sent to

 

 

Local Adaptation Planning – Process Guide

United States cities already face challenges from climate change due to impacts on communities, infrastructure and other assets and resources. Local jurisdictions that repair infrastructure, make land use decisions, and engage communities in a way that accounts for ongoing and future change can help make their cities more resilient. A growing number of local jurisdictions are adopting plans and engaging in voluntary commitments to mitigate and adapt to climate change. A wide range of available resources makes this possible, and climate legislation increasingly requires it, but both can also make implementing a cohesive, streamlined adaptation strategy difficult. This Process Guide outlines an effective adaptation planning process for local governments.

Through our work assisting eight cities in Alameda County in responding to California’s Senate Bill No. 379 Land Use: General Plan: Safety Element (Jackson) (SB 379), Four Twenty Seven has developed a streamlined process to support local governments in their efforts to integrate climate risks into key planning efforts, such as local hazard mitigation plans, general plans, and climate action plans. SB 379 requires cities and counties in California to incorporate adaptation and resilience strategies into General Plan Safety Elements and Local Hazard Mitigation Plans starting in 2017. Our process for effective climate adaptation planning includes 1) a hazard assessment to determine vulnerability and 2) identification of appropriate adaptation options.

By starting with a climate hazard assessment, cities can identify the specific hazards that pose the greatest threats to their assets. After applicable climate hazards are identified, it is important to develop adaptation plans that build on and can be integrated into existing city policies. This Guide outlines our process for assisting cities with adaptation planning, and identifies useful resources, tools and process elements to inform integrated climate hazard assessment and adaptation planning.

Download the full Process Guide.

Read a Case Study on Integrating Climate Risks into Local Planning in Alameda County and learn about our advisory services in adaptation planning, policy consulting and vulnerability assessments.

Planning and Investing for a Resilient California – Guidance Document

Climate change impacts are already being felt in California and will continue to affect populations, infrastructure and businesses in the coming years. A resilient California is a state with strong infrastructure, communities and natural systems that can withstand increasingly volatile conditions. Executive Order B-30-15, signed by Gov. Brown in April 2015,  mandates that all state agencies must consider climate change and that they must receive guidance on how to effectively do so.

To support the implementation of this Executive Order, the California Governor’s Office of Planning and Research released last week “Planning and Investing for a Resilient California,” a guidance document outlining strategies to include climate adaptation in decision-making. Four Twenty Seven CEO Emilie Mazzacurati served on the Technical Advisory Group that wrote the report, which aims to provide guidance for state agencies to both plan for future climate conditions and also conduct planning itself in a new way.

The guide outlines four steps for integrating climate into decisions and then looks specifically at investing in resilient infrastructure, providing actionable guidelines for building a resilient California.

Four Steps to Planning for Resilience

1. Characterize climate risk

  • Determine the scale and scope of climate risk, ranking it as low, moderate or high impact.
  • Identify the vulnerability of impacted communities and systems, ranking them as adaptable, moderately adaptable or vulnerable.
  • Define the nature of the risk,  ranking it as temporary, limiting or permanent.
  • Identify the economic impacts of the risk, ranking them as low, medium or high.

2. Analyze climate risk

  • Determine which emissions scenario (RCP) to plan for: the higher the risk identified in step 1, the higher the necessary RCP scenario.
  • Determine complexity of uncertainty analysis needed: the higher the risk, the more important the uncertainty analysis.
  • If a project is in a current coastal zone, or a location that will be coastal by 2050 or 2100, planning must account for sea level rise.
  • Worst case scenarios should be identified for reference, but don’t need to be planned for.
  • Cal-Adapt is an interactive online tool, displaying climate impacts by hazard, with downloadable downscaled data.

3. Make climate-informed decisions, by using resilient design guidelines

  • Prioritize approaches that integrate adaptation and mitigation.
  • Prioritize actions that promote equity and community resilience.
  • Coordinate with local and regional agencies, including governments and community based organizations.
  • Prioritize actions that use natural infrastructure.
  • Base all choices on the best science.

4. Track and Monitor Progress

  • Develop metrics and report regularly to foster transparency and accountability.

Case Study: California Water Plan 2013

Several state agencies are already integrating climate change into their planning. The Department of Water Resources used a scenarios approach to capture uncertainty in climate, but also in demographics, economic change and land use. Examining 22 different climate scenarios, analyzing different temperature and precipitation possibilities and accounting for growth uncertainty, the agency looked at 198 possible futures. This allowed them to examine different possible management approaches and how they may reduce certain vulnerabilities. This quantitative estimate provided a range of future conditions and possible strategies for the agency to consider in its planning.

Infrastructure Investment

The state of California invests in infrastructure through funding of onsite renewable energy and telecommunications, providing financial assistance to projects not owned by the state and providing capital for all steps of infrastructure development owned by the state. Regardless of the type of investment, climate change impacts must be considered. It’s important to first determine if there is a way to accomplish a goal by using natural infrastructure. Assessing the potential for natural infrastructure can be done by examining the landscape, exploring Cal-Adapt’s projections for the area, analyzing potential co-benefits such as improved ecological services or water health and consulting with other groups. It’s important to compare the risk reduction and complete costs and benefits of the natural infrastructure approach with the non-natural alternative. Using full life-cycle accounting, that considers all of the costs from a project including building, operating, maintaining and also deconstructing, is essential for evaluating proposed projects. Prioritizing infrastructure with climate benefits and integrating the resilient decision making principles will ensure that investments are resilient and climate-conscious.

Download the full report.

This guidance document is a continuation of California’s ongoing leadership in climate adaptation, which includes Senate Bill No. 379 Land Use: General Plan: Safety Element, passed in 2015. This bill mandates that every city must include adaptation and resilience strategies in General Plan Safety Elements and Local Hazard Mitigation Plans by 2017. Read about Four Twenty Seven’s work helping cities in Alameda County implement these requirements and learn about our advisory services for adaptation planning, policy consulting and vulnerability assessments.

 

 

 

Newsletter: COP23 Preview – Climate Risk Disclosure and Adaptation Finance

Four Twenty Seven’s monthly newsletter highlights recent developments in climate adaptation and resilience. This month, don’t miss the highlights from the UN Principles for Responsible Investment conference and our preview of COP 23 in Bonn next month!

In Focus: A New Way to Fund Resilience


Re:focus Partners’ new report, A Guide to Public-Sector Resilience Bond Sponsorship, highlights the potential of resilience bonds to decrease both financial and physical disaster risks. By partnering with insurance agencies and issuing bonds to fund projects that are targeted at reducing specific vulnerabilities, such as flooding, city and state governments can make their communities more resilient while saving money. The report explains hazard-specific projects applicable for resilience bonds and outlines potential strategies for partnerships. Watch Four Twenty Seven CEO Emilie Mazzacurati speak on resilience finance at a Proadapt Symposium on Climate Risk and Investment.

Mainstreaming Climate Risk Disclosures

 

Climate risk reporting was at the heart of the Principles for Responsible Investment (PRI) in Person conference in Berlin. Nicolas Moreau, head of Deutsche Asset Management, encouraged investors to emphasize physical risk assessment in their portfolios in a keynote presentation featured above. Four Twenty Seven is proud to partner with Deutsche Asset Management to power new investment strategies focused on physical risk mitigation. Read about Four Twenty Seven’s work evaluating physical risk and supporting resilience in the financial sector. At the conference, PRI also announced the Climate Action 100+ initiative in collaboration with Asia Investor Group on Climate Change (AIGCC), Ceres, Investor Group on Climate Change and Institutional Investors Group on Climate Change (IIGCC).The five-year initiative will engage investors to urge top greenhouse gas emitters to decrease emissions, commit to climate risk disclosure and improve corporate governance related to climate change.

Looking Over the Horizon


The new C2ES report, Beyond the Horizon: Corporate Reporting on Climate Change, offers insight into the Task Force on Climate-related Financial Disclosure’s (TCFD) final recommendations. The report praises the recommendations’ balance, noting their appeal to investors needing more information and to companies needing flexibility. Read our analysis of the TCFD Recommendations and applicable regulation in Europe.

Early Movers


The Climate Disclosure Standards Board’s announced ten companies committed to implementing the TCFD’s recommendations within three years. This emphasis on climate risk disclosure allows for the best use of capital and supports the transition to a resilient, low-carbon world. This commitment also sets companies apart in the eyes of investors, improves their own resilience and guarantees them support from CDSB.

The Costs of Climate Change

Billion-dollar Weather Events


Recent storms join a landscape that’s increasingly dotted with widespread costly disasters. National Geographic’s Billion-dollar Weather Chart displays these events as semi-circles, color-coded by event type and sized according to the economic damage caused, and serves as a comprehensive calendar of decades of extreme weather events.

Thought Leadership: Economic Impacts of Extreme Weather Events

Four Twenty Seven advisor, Kate Gordon urges leaders to plan for climate change and build for resilience in her commentary on CNBC: Evacuating millions is not an ‘effective or sustainable’ response to hurricane threats.

Solomon Hsiang from UC Berkeley and Trevor Houser from Rhodium Group emphasize the importance of giving financial support to Puerto Rico in their New York Times op-ed, Don’t Let Puerto Rico Fall Into an Economic Abyss.

In his opinion piece in the Washington Post, What’s behind today’s job report? Hurricanes, low unemployment, wage growth and climate change, Jared Bernstein discusses the connections between storms and a low job report.

Four Twenty Seven at COP 23

Join Nik Steinberg, Four Twenty Seven’s Director of Analytics, at these events in Bonn, Germany for COP23.

Resilience as a Business: How the Private Sector Can Turn Climate Risk into Business and Investment  Nov. 10, 5:30 – 8:00pm, Hilton Bonn

Bringing together corporate stakeholders and private investors this event will explore the private sector’s pivotal role in mainstreaming adaptation and driving the resilience agenda.

Speakers include: Representative from Ministry of Economy, Trade, and Industry of Japan; Mari Yoshitaka from Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.; Jay Koh from Lightsmith Group and GARI;  Nik Steinberg from Four Twenty Seven; and Amal-Lee Amin from Inter-American Development Bank. For more information contact proadapt@fomin.org

Measuring Progress on Climate Adaptation and Resilience: From Concepts to Practical Applications Nov. 7, 3:00-4:30pm, Meeting Room 7 (150)

Director of Analytics, Nik Steinberg will join a panel of experts discussing adaptation measurement, focusing on indicators and metrics to inform and assess resilience efforts.  This side event will be hosted by the International Development Research Centre (IDRC), Asian Institute of Technology (AIT), McGill University and the University of Notre Dame.

The costs of extreme climatic events for the financial sector: how to manage exposure? November 10, French Pavilion

Director of Analytics, Nik Steinberg will speak on a panel hosted by the Institute for Climate Economics (I4CE), discussing the financial impacts of extreme weather events and strategies to build resilience.

Finance and Resilience Side Events

Climate Action in Financial Institutions: Mainstreaming the Paris Agreement in the Financial Sector Thursday Nov 9, 3:00-4:30pm, Meeting Room 7 (150)
Hosted by the Institute for Climate Economics (I4CE), Corporacion Andina de Fomenta (CAF) and European Investment Bank (EIB).

Excellence in Climate Adaptation Nov 9, 3:00-4:30pm, Meeting Room 10 (200)
United by their vision to unite global adaptation projects, the Netherlands, Japan and UN Environment created The Global Center of Excellence on Climate Adaptation (GCECA), which will co-host this event with the Red Cross Red Crescent Climate Centre.

Innovative Climate Finance Strategies and Instruments by and for Climate-Vulnerable Countries Monday Nov 13, 4:45-6:15pm, Meeting Room 9 (100)
Hosted by the Institute for Climate and Sustainable Cities (ICSC), Bangladesh Centre for Advanced Studies (BCAS) and the Philippines.

Role of Standards and Accreditation to Support Non-state Actors in Light of Paris Agreement and SDGs Friday Nov 17, 1:15-2:45pm, Meeting Room 1 (150)
Hosted by the International Organization for Standardization (ISO) and International Accreditation Forum Inc. (IAF).

Four Twenty Seven: Meet the Team!

Katy Maher, Manager

Four Twenty Seven is proud to announce the addition of Katy Maher to the team. From our new location in Washington, D.C., Katy works closely with Four Twenty Seven’s public and private sector clients to conduct vulnerability assessments, develop resilience strategies and facilitate stakeholder workshops.

Katy brings more than ten years of experience supporting climate change impacts and resilience projects at international, federal, state and local levels. Her expertise also includes convening public and private sector organizations to facilitate discussion and planning on climate resilience. Prior to joining Four Twenty Seven, Katy coordinated resilience projects at the Center for Climate and Energy Solutions (C2ES) and ICF International.

Read more of Katy’s experience

Career Opportunities

Four Twenty Seven continues to grow! We are hiring for the following positions:

* Senior Analyst, Financial Climate Risk
* Business Development Manager (Paris)
* Business Data Analyst

See the position descriptions.

Upcoming Events

Join the Four Twenty Seven team in the field at these upcoming events:

  • October 10-13  SOCAP 2017, San Francisco, California: Meet with Senior Analyst Kendall Starkmann and Director of Advisory Yoon Kim to discuss impact investments and adaptation finance.
  • November 4-8  APHA 2017, Atlanta, Georgia: Director of Analytics Nik Steinberg will discuss how climate change affects health and how climate science can support decision-making in the public health sector at the APHA’s annual meeting and expo.
  • November 7-17  COP23, Bonn, Germany: Join Director of Analytics Nik Steinberg at side events at the UNFCCC’s 23rd Conference of Parties (See above for details).
  • December 6-7  RI Americas 2017, New York, New York: CEO Emilie Mazzacurati and COO Colin Shaw will attend the annual conference where Four Twenty Seven will have a booth and Emilie will present on Physical Climate Risk in Equity Portfolios.
  • December 11-15  AGU Fall Meeting, New Orleans, Louisiana: Director of Analytics Nik Steinberg will be joining the Earth and Space Science community to discuss recent research trends and participate in a mix of presentations, lectures and networking opportunities.

Twitter
Twitter

LinkedIn
LinkedIn

YouTube
YouTube

Facebook
Facebook

Website
Website

Email
Email

Copyright © , All rights reserved.

Our mailing address is:

Want to change how you receive these emails?
You can