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 new publication on SDGs and foreign policy, prepared by researchers at the German think tank adelphi, highlights a phenomenon I call this the ‘Great Splintering’ – the fracturing of political will for collective action on the global stage. This article outlines five steps we could take to revive multilateralism.
Satellite analysis shows ‘vanishing’ lake has grown since 1990s, but climate instability is driving communities into the arms of Boko Haram and Islamic State. Climate change is aggravating conflict around Lake Chad, but not in the way experts once thought, according to new research.
At a meeting of the Arctic Council, secretary of state Mike Pompeo refused to identify global warming as a threat, instead hailing an oil rush as sea ice melts. The US refused to join other Arctic countries in describing climate change as a key threat to the region, as a two-day meeting of foreign ministers drew to a close on Tuesday in Ravaniemi, Finland.
Around 1.6 billion people depend on forests for their livelihood, and about 2.6 billion people rely directly on agriculture. Deforestation, land degradation, and unsustainable management of ecosystems threaten those livelihoods and may contribute to resource-related conflicts and social unrest.