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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US leadership on climate action: what a nice surprise! However, Germany needs to quickly step up efforts – or stand to lose its reputation in climate mitigation and energy transition.
In 2018, many countries, including India, have been at the receiving end of the worst disasters the world has ever witnessed. It is imperative that they adopt a human security approach to achieve “freedom from hazard impacts” – nationally through a scientific disaster risk reduction strategy, and internationally through climate diplomacy.
San Francisco’s Global Climate Action Summit ended on 14 September with non-state actors sending a call to action to governments ahead of the crucial COP24 in December, while highlighting their pivotal role in reducing emissions and reaching climate targets.
Climate diplomacy has been picking up momentum in 2018. To celebrate Climate Diplomacy Week 2018, we collected our 10 best climate diplomacy stories of the year. Travel with us from Brussels to The Hague, Rio de Janeiro, New Delhi, Beijing and San Francisco.