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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In an increasingly urbanised world, global resilience cannot be achieved without cities. Separating a local from a national or international sustainability issue is increasingly difficult – be it climate change, migration, or economic development.
Climate diplomacy needs to release itself from the shackles of ‘systemic’ politics in order to achieve a climate agenda that is driven by human security interests, including equity and justice, and strengthen climate change initiatives at local, national and regional levels, in order to bridge the gap caused by the slow pace of progress at the international level.
Leaving No One Behind is the mantra of the 2019 UN-Water campaign. Foreign policy agendas of countries should apply the principle and integrate the voices of the most marginalised into the decision-making process, argues Dhanasree Jayaram.
With climate change increasingly being seen as a security issue, we ask what role the United Nations Security Council could and should play. To answer this question, we are joined on the Climate Diplomacy Podcast by UN expert and Chatham House Associate Fellow Oli Brown. In this podcast, Oli explains some of the challenges that the UN Security Council has had in tackling climate change and outlines the prospects for action in the future.