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Agency FilingEnvironmental JusticeRisk Management

Comments on the National Flood Insurance Program’s Community Rating System Redesign Effort

The Federal Emergency Management Agency (FEMA) issued a Request for Information regarding potential future changes to the Community Rating System (CRS) under the National Flood Insurance Program (NFIP). CRS is a voluntary incentive program offering NFIP premium discounts to eligible communities that exceed minimum NFIP floodplain management requirements. The program…
Talley Burley, Jesse Gourevitch and Carolyn Kousky
September 6, 2024
Agency FilingEnergy RegulationRisk ManagementState Energy Regulation

Comments to the New York Public Service Commission on the Electric Utilities Climate Change Resilience Plans

Organizations Involved: Sabin Center Abstract These comments were submitted to the New York State Public Service Commission in response to the request for comments concerning climate vulnerability and resiliency plans submitted by six New York State electric utilities on November 21, 2023 in compliance with New York Public Service Law §66(29).
Romany Webb and Chloe Field
August 30, 2024
Blog/News ArticleFinancial DisclosureFinancial RegulationRisk Management

Investors, bipartisan former officials, others defend SEC climate risk disclosure rule

Abstract Extreme weather caused by climate change is a threat to human health and safety, but it is also increasingly the cause of serious economic disruptions. And in the transition to a lower carbon economy, companies are navigating both opportunities and challenges. The Securities and Exchange Commission (SEC) recently adopted…
Marie Li
August 22, 2024
Agency FilingFinancial DisclosureFinancial RegulationRegulatory Activities

Amicus Brief in Case Challenging SEC Climate-Related Financial Disclosure Rules

In March 2024, the Securities and Exchange Commission (SEC) finalized its rules on The Enhancement and Standardization of Climate-Related Disclosures for Investors (Rules). The Rules will require public companies in the United States to make certain climate-related disclosures in their registration statements and annual reports, giving investors critical information to…
Donald Goodson, Bridget Pals and Erin Shortell
August 15, 2024
Financial DisclosureFinancial RegulationJournal ArticleRegulatory Activities

The Boundaries of Corporate Physical Climate Risk: Definitions and Frameworks

This white paper examines the concept of corporate physical climate risk and how it is reported in company disclosures. First, the paper presents the emerging market of climate analytics and how various firms in this market purport to measure physical climate risk. Next, the paper examines the current state of…
Caroline Cox and Chick Hallinan
August 2, 2024
Energy RegulationReport

Consensus on Carbon Dioxide Removal

Organizations Involved: Institute for Policy Integrity Abstract Many analysts project that large-scale, widespread carbon dioxide removal (CDR) will be necessary to reach net-zero greenhouse gas emissions, and thereby stop exacerbating climate change before United Nations temperature limits are exceeded this century. However, concerns about costs, technological constraints, safety, environmental justice…
Peter Howard and Derek Sylvan
July 31, 2024
Agency FilingEnergy RegulationRisk ManagementState Energy Regulation

Comments to the CPUC on the Order Instituting Rulemaking to Update Rules for the Safety, Reliability, and Resiliency of Electrical Distribution Systems

Organizations Involved: Sabin Center & Institute for Policy Integrity Abstract These comments were submitted to the California Public Utilities Commission (CPUC) in response to its order instituting a rulemaking to update the Rules for the Safety, Reliability, and Resiliency of Electrical Distribution Systems.
Romany Webb, Chloe Field and Elizabeth B. Stein
July 8, 2024
Event/ConferenceFinancial DisclosureFinancial Regulation

Webinar: What’s Next for Corporate Climate Disclosure?

Organizations Involved: Sabin Center Abstract Climate disclosure rules have recently been finalized by the SEC, California, the European Union, and the International Sustainability Standards Board (ISSB). Please watch to hear our distinguished panelists discuss the implications of these regimes. How will the relatively weaker SEC requirements shape the market alongside…
Chloe Field and Cynthia Hanawalt
June 17, 2024
Financial RegulationReport

Accounting for Nature’s Value

Organizations Involved: Institute for Policy Integrity Source: Institute for Policy Integrity Abstract National accounts—which measure a country’s aggregate economic activity, including Gross Domestic Product (GDP)—largely ignore natural capital and ecosystem services. This omission occurs because national accounts heavily rely on market transactions to identify and value economic activity, whereas ecosystems’ contributions…
Raimundo Atal, Peter Howard, Andrew Stawasz and Derek Sylvan
June 1, 2024
Adaptation as Risk ManagementAgency FilingEnvironmental JusticeRisk Management

Comments on the National Flood Insurance Program: Standard Flood Insurance Policy, Homeowner Flood Form

The Federal Emergency Management Program (FEMA) proposed a rule to revise the Standard Flood Insurance Policy (SFIP) under the National Flood Insurance Program. The proposed reforms take important steps to: 1) increase transparency and clarity for policyholders; 2) build resilience through investment in flood mitigation; 3) expand coverage options; and…
Carolyn Kousky, Karina French and Talley Burley
May 31, 2024