New data shows that central banks and financial regulators are failing to address the risks posed by damage to the natural world. This can – and must – change, says WWF’s policy expert Maud Abdelli.
A zero-interest lending programme launched by the Bank of Japan aims to boost low-carbon projects such as geothermal and solar energy. But it faces disclosure and mandatory requirement challenges, says Sayuri Shirai of Keio University.
Mainstreaming disclosure is an essential step towards aligning China’s financial system with sustainability but is far from sufficient to guarantee a sustainable financial future, says Cheng Lin of the Beijing Institute of Finance and Sustainability.
China’s carbon emission reduction facility must provide enough of an incentive to influence lending decisions, while also supporting prudent allocation of funds, says economist Sebastian Guo.
The recent FSOC report on climate-related financial risk shows the gap between diagnosing the problem and acting to address it is significant, says Alexander Barkawi.
Current Fed Chair Jerome Powell has taken little to no action on climate change and the next Fed chair should adopt a dramatically different and proactive approach to eliminating climate risk from the US financial system, write David Arkush and …
Gaps in the understanding of climate risks create uncertainty over capital requirements and macroprudential policy. This Bank of England report states that firms and regulators must improve their climate risk management.
New data shows that central banks and financial regulators are failing to address the risks posed by damage to the natural world. This can – and must – change, says WWF’s policy expert Maud Abdelli.
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