Mark Carney, the governor of the Bank of England, has become the latest person to deliver a blunt warning about the risks of climate change to global financial stability. Speaking at Lloyd’s of London, Carney warned that “the catastrophic impacts of climate change will be felt beyond the traditional horizons of most actors – imposing a cost on future generations” and that “climate change will threaten financial resilience and longer-term prosperity.”
His speech came as the Bank of England published a report on the impact of climate change on the British insurance industry, to be presented to the UK government, and sees the governor join a host of economic figureheads warning about the risk of continued reliance on dirty fossil fuels.
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The climate diplomacy podcast gives insights to current topics in international climate diplomacy. Host Martin Wall interviews authors of recent publications or experts on their take of what needs to be done to promote climate foreign policy. In the latest Climate Diplomacy Podcast he interviews Daria Ivleva, one of the editors of adelphi's recently publication on foreign policy and the SDGs.
The challenges facing the international community are growing while the willingness to cooperate seems to be waning. Foreign policy must help bridge this gap. One way to accomplish this is by pushing forward a major achievement of multilateralism: the 2030 Agenda and its 17 Sustainable Development Goals. At a side event during the 2019 High-Level Political Forum, diplomats and policy experts discussed the role of foreign policy in the global sustainability architecture.
Global progress towards achieving the SDGs is slow, and for many targets, off track. While SDG implementation is primarily a national task and responsibility, it also requires concerted international cooperation. Two arguments why foreign policy could play an important role in their achievement are presented here.
Natural hazards hit all countries but people living in least developed countries and fragile states, often affected by conflict, feel them most severely. According to the Overseas Development Institute, between 2004 and 2014, 58 percent of all deaths from disasters occurred in the 30 most fragile states.