Low angle view of modern skyscrapers in Midtown Manhattan.
Finance
COVID-19 and Climate: Risk, Mitigation, and Resilience
When a disaster strikes, there is a tendency to see it as unique and unforeseeable; a deviation from the standard order of things. Even the legal language around so-called “natural” disasters references “acts of God”. And yet, even if we do not know when they will come or in what…
Charting the Course to Climate-Aligned Finance
As the world comes to grips with the magnitude and speed of the economic transition needed to avert catastrophic climate change, the vital role of finance is coming into focus. Nowhere is this more apparent than in recent climate commitments by major financial players: within the last two years, financial…
Oil Market Disruptions and Climate Action Tipping Points
While it is far too early to discuss the long-term impacts of the spread of COVID-19, in addition to the toll on human lives it has already caused significant disruptions to the global economy. As Rocky Mountain Institute focuses on promoting the wellbeing of our employees, communities, and partners, we…
BP’s Bold Zero-Carbon Pledge Is Only the Beginning
BP made headlines earlier this week, announcing ten new climate ambitions to bring both its business and the economy it serves toward net zero emissions by 2050, the goal post science dictates is needed to avoid the worst impacts of climate change. As one of the world’s largest oil…
The Promise and Challenges of BlackRock’s Climate Commitment
Asset management giant BlackRock made waves in the financial press this week, announcing through its annual letter to CEOs that the company would put sustainability front and center in its investment strategy. As the world’s largest investor, with over $7 trillion in assets under management, BlackRock is a prime…
