Ike Walker

As the world grapples with the finance and political will needed for the transition, what can policymakers learn from Syria’s people-led solar boom?

ECB blog says industrial electrification could blunt future energy-price shocks, Egypt’s central bank makes environmental risk management systems mandatory, and more news in our roundup. …

Banks, insurers, pension funds and asset managers all face materialising litigation risk, warns LSE’s latest annual report on climate litigation trends.

In this week’s roundup: Brazil scraps its mandatory sustainability reporting rules, the war in Iran shows how dependent Europe is on US and Russian LNG, an IMF audit finds gaps in its climate work and more

A new NGFS chair steps up, nations push for multilateral fossil fuel phaseout plans, and comments from Mark Carney call Canada’s carbon targets into question. …

Leaders meet in Colombia for landmark conference on fossil fuel phaseout, Banco do Brasil issues benchmark nature bond, and Banque de France warns extreme weather could cut GDP 7.4%. …

The growing energy crisis shows that fossil fuels present a systemic risk to the global economy, and that the energy transition is a monetary policy imperative.

African central bankers say climate change is a financial stability imperative, while the continent’s leaders endorse a continental water security framework, and ECB staff raise concerns over ESRS simplification.

Jamaica’s preparedness protects its post-hurricane rating, while the RBI delays climate reporting requirements, and the UK consults on new disclosure rules. All this and more in our latest climate news roundup.

US designs on Venezuela and Greenland have raised questions about the future of the petrodollar system, as other countries explore other currencies and green energy becomes cheaper than oil.

As evidence emerges that the European Central Bank (ECB) has substantially underestimated the cost of physical climate risks, a new report from the Network for Greening the Financial System (NGFS) unpacks various green monetary policy options available to central banks. …