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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As part of this year’s online World Water Week at Home, adelphi and IHE Delft convened the workshop "Water diplomacy: a tool for climate action?". The workshop reflected on the role that foreign policy can play in mitigating, solving and potentially preventing conflicts over the management of transboundary water resources, especially in a changing climate.
The Cerrado, a tropical savannah region located in Central Brazil, is nearly half as large as the Amazon and a deforestation hotspot. Yet little attention is paid to this important biome. That has to change.
China’s Belt and Road Initiative projects may exacerbate the risk of climate-related instability across the Middle East in the long term.
With the European Green Deal, the European Commission under President Ursula von der Leyen has committed to accelerating decarbonisation in Europe as a major priority. The report "The Geopolitics of Decarbonization: Reshaping European Foreign Relations" shows how the EU’s external relations need to evolve to adequately reflect the political, economic and social outcomes of this process.