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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Pakistan’s unprecedented climate shocks make it clear: regional cooperation for managing shared waters is desperately needed. To halt the increasing impacts on agriculture and livelihoods that cripple the country’s economy, diplomacy is of paramount importance. In our interview, Moeen Khan explains how territorial and ethnic tensions with India hinder much-needed transboundary solutions – and how the international community can help.
Environmental defenders in Brazil are at risk — last year, 57 were assassinated and the numbers are increasing. The UN has launched a new initiative to address the escalating violence. This article shows the challenges faced by an activist from the Amazon region who fights for justice, and it notes how the Brazilian government can save lives while preventing unregulated exploitation in the region.
Changes are occurring that could make climate action a driver of the domestic agenda for economic and social progress and for international cooperation. With the help of market forces and technological advances, the tide is moving toward climate action. Paul Joffe argues that a key to success is a strategy that draws public support and makes climate policy a force in a larger industrial renaissance.
The world can achieve slower climate warming, preventing temperatures from rising by more than 1.5˚C, a global scientific panel says. But time is short.