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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It’s official: India has been elected as a non-permanent member of the United Nations Security Council (UNSC) for 2021-22. Previously, the country has adopted a cautionary approach towards climate security. While it may not significantly shift its positions, global realities may trigger more openness, with an eye on multilateralism, rule of law and fairness.
75 years ago, the UN was born. In Latin America and the Caribbean, the UN looks back at several important achievements, but much work on persisting challenges still lies ahead. Increased UN engagement in three areas can make the region more resilient to future challenges.
Conflicts connected to water-security are often related to climate change issues. However, the link between water-scarcity-related risks and security challenges is not as straightforward, direct and immediate as often perceived. The online workshop ‘Mobilising decision-makers on water scarcity-induced conflict risks: The Water, Peace and Security Partnership’, organised by the European Peacebuilding Liaison Office (EPLO) and adelphi, looked into this complex relationship.
Insecurity is plaguing north-western Nigeria, due to persistent herder-farmer tensions, rising crime and infiltration by Islamist militants. Federal and state authorities should focus on resolving conflict between agrarian and pastoralist communities, through dialogue and resource-sharing agreements, while also stepping up law enforcement.