climate change and economy

Climate change and the economy

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Signals
'Carbon bubble' could spark global financial crisis, study warns
The Guardian
Advances in clean energy expected to cause a sudden drop in demand for fossil fuels, leaving companies with trillions in stranded assets<br>
Signals
We cannot fight climate change with capitalism, says report
Huffington Post
The world's economies are totally unprepared for rapid climate change, rising social inequality and the end of cheap energy.
Signals
Biggest US pension funds ‘must consider climate-related risks’
IPE
California passes rules requiring CalPERS and CalSTRS to identify and report on climate risk in their portfolios
Signals
Fighting climate change could boost the global economy by $26 trillion
Fast Company
Concerted efforts to stop climate change by 2030 would also create 65 million new jobs and–this part is important–stop 700,000 premature deaths.
Signals
'Get ahead of these risks': BlackRock issues climate risk warning to investors
Business Green
Asset management giant warns investors are vastly underestimating risks posed by climate change impacts today 'not just years in the future'
Signals
Wall Street reckons with climate risk
Axios
Big investors are seeing the vulnerability of their assets — and a vast profit opportunity.
Signals
Open letter on climate-related financial risks
Bank of England
Open letter from the Governor of Bank of England Mark Carney, Governor of Banque de France François Villeroy de Galhau and Chair of the Network for Greening the Financial Services Frank Elderson.
Signals
Equinor bends to investor pressure on climate
World Oil
Equinor is the latest large oil company to bow to a major investor group that is pushing corporations to take more robust action on climate change.
Signals
Climate risk: Central banks call for action on disclosure, taxonomies
IPE
Network for Greening the Financial System issues recommendations aimed at central banks but also policymakers
Signals
Climate change poses major risks to financial markets, regulator warns
The New York Times
The regulator, who sits on a powerful government panel that oversees major financial markets, likened global warming risks to the 2008 mortgage crisis.
Signals
Banks see climate change as full-blown financial risk, says SocGen deputy CEO
SP Global
Banks could be left with between €1 trillion and €4 trillion in stranded assets from the energy sector alone because of climate change, SocGen's Deputy CEO told a conference in Paris.
Signals
Citing $69 trillion price tag by 2100, Moody's warns central banks of far-reaching economic damage of climate crisis
Common Dreams
"There is no denying it: The longer we wait to take bold action to curb emissions, the higher the costs will be for all of us."
Signals
Bank regulators present a dire warning of financial risks from climate change
The New York Times
The San Francisco Fed warned that banks, communities and homeowners face significant financial risk from climate change and offered proposals for banks to do more to help.
Signals
Conservation finance: Can banks embrace natural capital?
Euromoney
Climate is no longer the only risk in town: thanks to a loud call from the scientific community, nature has finally been given a seat at the table with finance ministers, regulators and central bank governors.
Signals
An intensifying climate crisis threatens more than half of the world’s GDP, research says
CNBC
Over half of the world's GDP (gross domestic product) is exposed to risks from lost parts of the natural world, according to a new report.
Signals
Advancing climate risk management in financial institutions
Compliance Week
Financial institutions still struggle with how to manage risks posed by climate change, according to a new&nbsp;report.
Signals
Why are investors not pricing in climate-change risk?
The Economist
Failing to account for it makes markets less efficient
Signals
Largest-ever study of carbon pricing confirms it does reduce emissions after all
Science Alert

Putting a price on carbon should reduce emissions, because it makes dirty production processes more expensive than clean ones, right?
Signals
Nature-led coronavirus recovery could create $10tn a year, says WEF
The Guardian
Report says 400m jobs could be created, and warns there will be &#x2018;no jobs on a dead planet&#x2019;
Signals
A blueprint for business to transition to a nature-positive future
We Forum
A new World Economic Forum report provides a blueprint for 15 nature-positive transitions that could generate $10.1 trillion and create 395 million jobs.
Signals
New nature economy report series
World Economic Forum
A series of reports showing the relevance of nature loss to boardroom discussions on risks, opportunities and financing. These insights provide pathways for business to be part of the transition to a nature-positive economy.
Signals
The deepening financial risk of water scarcity
Axios
Two-thirds of U.S. REIT properties are projected to be in high water-stress zones by 2030
Signals
New WEF report says 'prioritizing nature' is a $10 trillion opportunity that would create 395 million jobs
Green Queen
A new report from the World Economic Forum finds that prioritizing nature isn’t just good for the planet but also good for business.
Signals
Green swans: Why climate change is unlike any other financial risk
In the Black
The COVID-19 epidemic is the most obvious and pressing example of a ‘black swan’ event. Here are some ways to deal with a green swan like climate change.
Signals
How affluent people can end their mindless overconsumption
Vox
Every energy reduction we can make is a gift to future humans, and all life on Earth.
Signals
The $571BILLION property bomb: Huge values to be wiped off homes according to a chilling report - and it's not because of negative gearing
Daily Mail
Floods, erosion, drought, bushfires and other extreme weather will cause untold damage to homes, infrastructure and commercial property in the coming years, according the Climate Council.
Signals
The financial sector must be at the heart of tackling climate change
The Guardian
The industry is key to achieving a low-carbon economy, say Mark Carney, Fran&#xE7;ois Villeroy de Galhau and Frank Elderson
Signals
Increase in heat stress predicted to bring productivity loss equivalent to 80 million jobs
International Labour Organization
Global warming is expected to result in an increase in work-related heat stress, damaging productivity and causing job and economic losses. The poorest countries will be worst affected.
Signals
Flight attendants know the real job killer isn’t the green new deal. It’s climate change.
Vox
Our union represents 50,000 flight attendants. We know climate change is a huge threat.