Commonwealth Climate and Law Initiative (CCLI)’s Post

🌍💧 Last week marked #WorldWaterWeek, making Victoria Puxley and the Commonwealth Climate and Law Initiative (CCLI)'s interview incredibly timely. The Network for Greening the Financial System (NGFS) has identified #water as a dominant nature-related financial risk, potentially putting 7-9% of global GDP at risk. Alarmingly, they note that these water-related risks are often absent from the #climatescenarios used by financial institutions, central banks, and supervisors. This oversight is leaving the financial system vulnerable and creating a dangerous mismatch between capital allocation and the actual needs of society. To address this, I authored a Briefing for CDP aimed at broadening the conversation beyond just #carbon. It’s designed to help #boards understand the ‘What,’ ‘Why,’ and ‘How’ of water-related financial risks that are frequently overlooked, including the potential legal implications for boards. The Briefing also offers practical steps to help tackle these challenges. Let’s ensure that water doesn’t slip through the cracks in our financial and environmental strategies. 💧 👀 For a case study on how climate change is already causing water-related risks in the tech sector and how financial institutions are exposed, check out the short film https://lnkd.in/eNyiTNzX #SustainableFinance #WaterRisks #ESG #climatetransitionplans Claire Elsdon UKSIF Association of British Insurers Green Finance Institute Legal & General Investment Management (LGIM) Alexandra Ranson Cate Lamb Christopher Gasson Patricia Calderon Jenni Ramos Zaneta Sedilekova Nick Spencer Dr Nicola Ranger John Scott Sandy Trust Sarah Sinclair

🌍 The Law Association of Zambia (LAZ) reaffirms its commitment to climate action! In a detailed statement, LAZ highlights its role in promoting sustainable practices, supporting climate-focused legal initiatives, and encouraging lawyers to engage actively with climate issues. We stand with our partners in advocating for climate justice and environmental protection for a sustainable future. Read the full statement to learn more about our commitment to climate change. #ClimateAction #LAZClimateStatement #Sustainability #EnvironmentalJustice

In south-central Somalia🇸🇴, IOM Somalia has used a co-funding mechanism as an #EnvironmentalPeacebuilding approach that leverages environmental entry points to address conflict. Read more in this new SIPRI Policy Brief by Kheira Tarif ➡️ doi.org/10.55163/KSJV5069

📸Absolute Power is a dangerous term as Sarawak leaders boast about new environmental autonomy from federal oversight. There are key responsibilities to abide by the interests of the people and rule of law, and underpinning all of this is proper transparency over the management of Sarawak's environment and resources. Such basic transparency is still sorely lacking meaning more power to the state leadership merely represents more disempowerment for Sarawakians. It is time for better disclosure and more open government not talk of absolute power. -- Sarawak Report

In the first quarter of the year, I completed a comprehensive course on Climate Change facilitated by the Oxford Climate Society. One of the course highlights delved into the crucial realm of public interest litigation concerning climate change. A significant insight emerged: despite the pressing need for such litigation, there remains a scarcity of it in Africa. Against this backdrop, it was encouraging to witness the spotlight on Kituo Cha Sheria's petition, filed in the Iten Environment and Land Court, among the limited number of petitions filed across the continent. The petition challenges the government's inaction towards climate change adaptation and mitigation efforts. The timing of this legal action couldn't be more crucial, especially in light of the devastating floods experienced across the country in recent month. I highly recommend this course to all professionals looking to expand their understanding of climate change and its legal implications. It's a vital step towards fostering positive change and ensuring a sustainable future for generations to come. #ClimateChange #LegalAction #Sustainability #OxfordClimateSociety

Version with abstract of our last publication intitled : "Does it pay for firms to adopt environmental protection devices? An empirical examination in Cameroon" https://lnkd.in/eB6UxeZG https://lnkd.in/eet8Puzc

Merits review rights are a simple and effective way to strengthen our environmental protections and improve the integrity of government decision-making. This morning, I launched a new report with Professor Kim Rubenstein and Han Aulby from Lock the Gate that definitively shows how these rights could improve our laws. Australians have already waited too long for the government to act on the recommendations of the Samuel Review, and at this critical juncture for our climate, we cannot allow this reform to be watered down. I will continue to push the Albanese Government to deliver the full package of reforms in order to live up to its election promises and show us what it means to be working both for and with the community to create the country we all wish to live in. View more here: https://lnkd.in/gtUEiifP #epbcact #environmentalreform #NorthSydneyWantsThis #ChangeTheClimate #EnvironmentProtection

#InnWater is a #HorizonEurope project focusing on social innovation to revitalise multi-level and cross-sector water governance. We're enhancing the OECD - OCDE Governance Assessment Framework to evaluate and address governance gaps. Our findings will be compiled into a Reference Guide for Programming, offering structured guidance and practical examples for water managers and practitioners across Europe. We invite you to submit diverse case studies for inclusion in this Guide. Submit your case study before 15 September ⏩ https://bit.ly/46vbG4z --- #WaterAction #WaterGovernance #WaterManagement #EuropeanUnion #EU #WaterInnovation #HorizonEU

PILPG recently collaborated with Debevoise & Plimpton, and Baker McKenzie to offer comments in response to the International Criminal Court Prosecutor’s (OTP) call for public consultation on a new policy initiative to advance accountability for environmental crimes under the Rome Statute. The OTP’s increased recognition of the significance of environmental damage is not only a welcome development, in line with the U.N. General Assembly’s recent recognition of a human right to a healthy environment– it is entirely consistent with its strategic focus on “the most serious crimes of concern to the international community as a whole.” Recent events—including the global climate crisis and destruction of the environment during the ongoing Situation in Ukraine—continue to highlight both the close relationship between the environment and human life, as well as the existential threats posed by widespread or severe environmental damage. We are pleased to be part of the discussion on the scope of the forthcoming policy. Watch the video below for a summary of the commentary. Click here to read the full commentary: https://lnkd.in/eRVX9RE9  -Founder, Dr. Paul R. Williams

🚀 90 days left until the public hearings for the #ClimateICJAO!! ⚖🌍 The public hearings for the climate change advisory opinion (AO) are scheduled to start on December 2nd! Today, Jule explains what these hearings in the International Court of Justice (ICJ) will look like. 🏛 💭 The Court has been asked to interpret international law on the topic of state obligations in the climate crisis. The resulting advisory opinion will be a document with great authority, and as such, a major opportunity to shape international law and create more climate action! Stay tuned for more information, and more updates ⚡ #AOLetsGO #ICJAO #ICJAO4Climate #ITLOS #IACtHR #ClimateJusticeAtTheICJ #ClimateChange #OurFutureOurRights #ClimateJustice