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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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.
Limited access to energy is a significant barrier to development and holds back efforts to improve living conditions in developing and emerging economies. Around the world, 1.1 billion people still do not have access to electricity, and 2.8 billion still rely on animal and crop waste, wood, charcoal and other solid fuels to cook their food and heat their homes.
As the earth’s climate warms, people face mounting threats from rising seas, and more intense and frequent storms, heatwaves, fires, and droughts. When these events hit, people want to understand whether they are connected to climate change. Linking climate change with heatwaves, storms and other events can help us prepare for a changing world, argues Peter Stott.
A recent report by the UNEP focuses on addressing trade in wildlife and forest products across the three sectors of crime prevention and criminal justice, trade regulation and natural resource management. It finds that there is less focus on the legislative means for preventing offenses related to trade in wildlife and forest products and more attention on the means for detecting and punishing such offenses.