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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Climate adaptation has been praised for its potential for contributing to peace. It is highlighted for the potential to remake systems and equip the world to better cope with the impacts of climate change. However, these remain hopeful claims until rigorous research is done on how this might take place and what type of peace we might expect to result from the implementation of climate adaptation.
Almost 200 states have agreed on measures to limit global warming in Katowice, Poland, after a two-week marathon of negotiations. The state representatives participating at the Conference of the Parties (COP24) agreed on a 156-page rulebook on Saturday night, listing measures and controls to limit the global rise in average temperatures to well below two degrees Celsius.
Responding to climate change has become more urgent than ever. Cooperation within communities is a precondition for urban resilience, as recurring heatwaves and hurricanes cannot be put down to chance any more. Lou del Bello argues that part of the response to disaster risks lies in digital communications, which will help build preparedness from the bottom up.
This year’s annual UN climate conference concluded late on Saturday evening in Katowice, Poland, after two weeks of tension-filled talks.