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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On Tuesday, 4 June, seven foreign ministers, 19 ambassadors, several ministers and more than 200 experts met in Berlin to act on climate security risks at the Berlin Climate and Security Conference. "Achieving the international climate targets is the new imperative of our foreign policy”, the German Foreign Minister, Heiko Maas, said in his opening speech. This is the aim of the Berlin Call for Action which was presented at the conference.
Governments must invest new effort and money to prevent climate change from driving new conflicts, according to a diplomatic statement drafted by the German foreign office.
A multi-sectoral and multilateral approach to South Asia's rivers could provide sustainable development, but it needs to include those already marginalised by a narrow development path.
Women are vital for effective climate policy making and implementation. In South Asia, more needs to be done on systematically integrating women into policy processes - as active stakeholders and not merely as victims of climate risks.