Beatrice Crona, Executive Director, of the Global Economic Dynamics and the Biosphere Programme, Royal Swedish Academy of Sciences and Alice Dauriach, PhD candidate, Global Economic Dynamics and the Biosphere, Royal Swedish Academy of Sciences and Stockholm Resilience Centre at Stockholm University.

1. Sleeping Financial Giants
Opportunities in financial leadership for climate stability
Beatrice Crona (Assoc Prof)
Executive Director
Global Economic Dynamics and the Biosphere,
Royal Swedish Academy of Science
Deputy Science Director
Stockholm Resilience Centre
Stockholm University
Will Steffen
Australian National
University
Victor Galaz
Stockholm
Resilience
Center
Alice Dauriach
Royal Swedish
Academy of
Science

2. Stability of the Earth’s climate system depends on…
GHG emissions reduction AND bolstering the resilience of key
biomes/regions of the planet
Identify actors with the power to lead a transformation

3. IPCC 2013
IPCC temperature projections

4. 2
4
3
5
6
1
0
GlobalTemperature(°C)
IPCC Projections
2100 AD
Earth System moves to a new state?
Major systemic risks
Summerhayes 2015
Committed
Tipping points?
ROMAN EMPIRE

5. Source: Steffen et al 2018 Trajectories of the Earth System in the Anthropocene,
Proceedings of the National Academy of Science
Tipping Cascades

6. Ocean
50%
50%
Climate change: change in ocean/atmos
circulation => reduced rainfall;
increased drought
Dieback + fires
Deforestation: conversion to cropland or
pasture => reduced evaporation and
water recycling
The Amazon tipping element

7. Nobre and de Simone Borma 2009; Lovejoy and Nobre 2018
Tröskeldynamik i Amazonas
Only deforestation: tipping point when ~40% of original forest
cover cleared
Only climate change: 3-5oC temperature increase in
the Amazon region
Deforestation + climate change:
• Paris 2oC target reduces allowable deforestation to
significantly less than 25%.
• Paris commitments of ~3oC would reduce allowable
deforestation to near zero

8. Step 2:
Key economic
sectors
soy
beef
Victor Galaz, Beatrice Crona, Alice Dauriach, Bert Scholtens, Will Steffen
Method
Step 1:
Geographical
scope
Step 3:
Key economic
actors
supplychain
Equity
(Debt)
$
€
¥
£
Step 4:
Key financial
sources
Step 5:
Investors

9. Identifying investors (Financial Giants)

10. Earth system tipping point represent major systemic
risks for the financial sector
Climate change mitigation => building resilience of key
ecosystems/processes to buffer already ongoing
change; i.e. prevent them from tipping

11. Dialogues with financial actors
Stockholm June 2017
London March 2018
(co-hosted with UNPRI)
Tokyo March 2019 (co-
hosted with Future
Earth Asia hub)

12. THANK
For more info https://sleepinggiants.earth/
Download report (QR):
Sleeping Financial Giants: Opportunities in
financial leadership for climate stability

13. Sleeping Financial Giants
Opportunities in financial leadership for climate stability
Download report:
https://sleepinggiants.earth/backgroundr
eport/