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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A little over a decade ago, the Himalayan region was considered by the IPCC a 'black hole for data'. Small steps have been taken since then, but now scientists hope recent border clashes and the pandemic will not derail the limited progress made on research cooperation over the past decade.
New report for policymakers provides an overview of the growing research on the links between climate change, security and peace. The synthesis identifies ten insights into climate-related security risks and lays the groundwork for the Global Climate Security Risk and Foresight Assessment, led by adelphi and PIK, that will be launched at the Berlin Climate and Security Conference.
In the wake of Germany’s United Nations Security Council (UNSC) presidency for the month of July 2020, its role in addressing climate change in the body gains even greater importance. A look into selected UNSC members that are also pushing the climate issue reveals: health and economic risks are key entry-points.