“With better information as a foundation, we can build a virtuous circle of better understanding of tomorrow’s risks, better pricing for investors, better decisions by policymakers, and a smoother transition to a lower-carbon economy.” Mark Carney, Governor of the Bank of England
Haze from Indonesian fires has again blanketed Singapore and Malaysia. Prevention strategies are improving, but will likely take years to become truly effective.
A commentary by Jackson Ewing from the Centre for Non-Traditional Security Studies (NTS) of the S. Rajaratnam School of International Studies (RSIS), Singapore.
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.”
China’s economic slowdown is proving especially painful for countries that depend on Chinese investment. The Chinese are set to invest less in foreign countries this year, as their government takes steps to reduce the flow of its currency into overseas markets. Resource-rich countries in Sub-Saharan Africa, like Zambia, are suffering as a result.
The Understanding Risk and Finance conference represents a global forum for policy makers and financial sector experts to discuss effective strategies and approaches in mitigating the socio-economic, fiscal, and financial impacts of disasters.
The women sat quietly in a village church in northwest Zambia, the sun slanting down on their colourful Sunday outfits as they told how life had changed since their chief sold a tract of land to a foreign firm for a new copper mine, displacing hundreds of families.
The spiritual grandchild of the Rio Earth Summit agreement of 23 years ago, the universal climate agreement (UCA), is the world's best chance to limit global temperature increase to two degrees Celsius. The universal hope is that it will be adopted at the global climate change summit in Paris, France, in December 2015.
Finance ministers and central bank governors of the world’s 20 major economies, accounting for 66 percent of world population, have pledged to “promote an enabling global economic environment for developing countries as they pursue their sustainable development agendas”.
This Forum will take place at the OECD Conference Centre on 14-15 December 2015. The Forum will examine how to foster the "next industrial revolution" by harnessing the potential of systems innovation policies that support green growth.
"Climate change is already disrupting our agriculture and ecosystems, our water and food supplies, our energy, our infrastructure, human health, human safety - now. Today. Climate change is a trend that affects all trends - economic trends, security trends. Everything will be impacted. ...
Investors are, by necessity, experts at taking calculated risks. They scan the horizon of our ever-evolving world for new and sometimes unexpected economic challenges so that they can put their money where it’s most likely to grow. Today, financial institutions are facing one economic challenge that will fundamentally change the way we do business—climate change.
Wooden houses in the old village of Didipio have been abandoned – the community moved to make way for a large scale gold mine owned by a New Zealand company.
This report by the UK-US Taskforce on Extreme Weather and Global Food System Resilience highlights an increasing risk to global food production represented by extreme weather events such as heatwaves, droughts and floods.
The Federal Ministry for Economic Affairs and Energy (BMWi) will host the International Raw Materials Conference "Assuming Responsibility - Promoting Sustainability in the Raw Materials Sector" together with the Federal Institute for Geosciences and Natural Resources (BGR) in Berlin from 10 to 11 November 2015.
World Water Week this year will focus on taking stock of the Millennium Development Goals (MDGs) as they conclude and the role of water in the MDG’s successors, the Sustainable Development Goals (SDGs), to be adopted by the UN General Assembly in September.