Part 1 of a 3-Part series of articles reviewing the effects of COVID-19. In April 2020, with energy demand dramatically slowing in response to the COVID-19 pandemic, some commentators may have shared in the assumption that climate matters were meaningfully improving, if not nearly solved. In a clear rebuttal of such a perspective, Dr. Pooja Khosla and Seann Stoner discuss the continued importance of integrating climate scenario analysis in portfolio management.