This document provides an executive summary of the report Evaluating Climate Risk in NEPA Reviews: Current Practices and Recommendations for Reform.
Romany Webb, Michael Panfil, Stephanie Jones and Dena AdlerFebruary 15, 2022
These comments to the Office of the Comptroller of the Currency (OCC) support the OCC's draft principles on banks' management of climate-related financial risks, and offer recommendations for the OCC as it continues building on these principles with more detailed guidance. The comments recommend that the OCC consider: (1) providing…
Stephanie Jones, Michael Panfil, Jack Lienke and Bridget PalsFebruary 14, 2022
In the normal course of operation for federal procurement under the Federal Acquisition Regulation (FAR), care is taken to structure purchases and contracts consistent with principles of efficiency, risk management, and cost minimization. Existing procedures, however, do not yet incorporate and manage financial risks posed by the consequences of climate…
Noha Haggag and Michael PanfilJanuary 13, 2022
This opinion piece explains the risks climate change poses to insurers, both as underwriters and as investors. It argues that it is necessary to align incentives in the insurance industry to prevent widespread defaults that would leave policyholders unprotected and examine areas where risks are distributed inequitably.
Bridget Pals and Michael PanfilDecember 3, 2021
These comments support the development of the Federal Agency Climate Adaptation and Resilience Plans, which establish a foundation for actions to protect government operations and facilities, and all who rely upon them. The comments recommend that agencies consider the following steps as they build on that foundation: (1) Agencies should…
This opinion piece argues that all policy, regulatory, and legislative proposals for climate resilience should take into account the greenhouse gas emissions they create, in order to avoid maladaptation.
Michael Panfil and Romany WebbNovember 4, 2021
This article finds that proactive climate resilience planning by electric utilities is required under public utility law and tort law. A previous version was released as a report in December 2020.
Romany Webb, Michael Panfil and Sarah LadinOctober 29, 2021
Michael Panfil testified in a Hearing on Climate Resilience of Transportation and Electric Infrastructure before the Massachusetts Senate Committee on Global Warming and Climate Change. As demonstrated in these remarks, well-designed climate resilience planning is feasible using data and tools available today. The same is true with respect to existing…
Michael PanfilOctober 4, 2021
Romany Webb testified in a Hearing on Climate Resilience of Transportation and Electric Infrastructure before the Massachusetts Senate Committee on Global Warming and Climate Change, making two key points: First, climate change poses serious risks to the electricity system, which are fundamentally different from other risks, including ordinary weather-related risks,…
Romany WebbOctober 4, 2021