The membership organisation for central banks is set to launch a call for nature scientists to help it model nature-related financial risks.
A powerful El Niño could expose Southeast Asia’s hydropower dependence, raising pressure for more storage, renewables and flexible power.
Nepal’s flood disaster highlights growing pressure to finance adaptation, rethink infrastructure standards and develop a new insurance framework. …
When companies are sued over nature degradation and loss, it impacts the entire sector. …
A just green transition should widen routes to a dignified life, not merely swap old environmental costs for new social ones.
Solar and wind output is set to fall by under 1% by 2030, even in extreme scenarios, versus up to 4% for thermal and nuclear plants, finds Ember.
As the UK experiences its driest summer in recent memory, the need to invest in adaptation measures is omnipresent but predicting its impact on the public purse is harder to decipher.
The move sends a strong signal to EU banks that loans with higher climate-transition risk are worth less.
Singapore’s central bank will work with the IMF to assess the financial sector’s exposure to more frequent and severe extreme weather events in the year ahead.
The new PM’s Treasury choice signals climate has slipped from an existential threat to a budget line competing with defence.
Central bank officials are making the case for prudential transition plans as climate risks increasingly threaten financial stability.
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