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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The European Parliament yesterday, 3 July 2018, voted for a report on EU Climate Diplomacy and emphasized the EU’s responsibility to lead on climate action as well as conflict prevention.
As Day Zeroes are becoming commonplace across the world, India needs to prepare itself for its worst-ever water crisis by establishing a network of water policies and programmes, ranging from community engagement to multilateral/bilateral collaboration.
It’s that time of the year: once again the Climate Diplomacy Week provided the space for EU delegations around the world to engage with communities and partner organisations on issues of climate change.
High Representative for Foreign Affairs and Security Policy Federica Mogherini hosted on 22 June 2018 an unprecedented high level event - Climate, Peace and Security: The Time for Action - which drove home both the urgency and importance of tackling the risks that climate change poses to security and peace. Ministers from around the world, top United Nations officials, and leading experts testified to the many real and potential security threats deriving from climate change.