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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Access to water can be a critical resource for cooperation, but also a source of tension. Identifying risks before their onset is crucial for the efficiency and economic feasibility of intervention strategies, but how can these risks be measured? To address this conundrum, adelphi together with several partners convened a side-event at World Water Week, which connected experts developing analytical tools to policy makers in the water sector.
“It is time to do more than just talk about sustainability. It is time to act sustainably,” said Heiko Maas during his speech at the General Debate of the 74th United Nations General Assembly. Germany’s Minister for Foreign Affairs highlighted the need for multilateral cooperation to achieve worldwide sustainability, as well as Germany's focus on climate-security, women, and disarmament and arms control as part of its agenda in the UN Security Council.
Strengthening multilateralism is a prominent task of foreign policy and central to achieving sustainable development and securing a peaceful future. Here you can watch, hear and read innovative ideas on how diplomats can drive sustainable change by gearing-up international cooperation to shape a truly sustainable foreign policy.
Ahead of the most important climate action event of the year, the international expert community releases key reports with the latest scientific information on climate impacts, national targets and climate action progress over the last 25 years. Now climate diplomats have only one thing to focus on: stepping-up implementation.