Record breaking heatwaves plaguing Europe and the US confirm the acute physical risks of a warming planet. But while the European Union continues to make progress preparing for an orderly transition to a sustainable economy, regulators in the US are facing major setbacks. Failure to act now to mitigate climate risks will only increase costs in the long run — for the financial sector, the entire economy and the planet.
Biden will have to get creative on climate goals By Sarah MoloneyIn its 30 June ruling, the US Supreme Court restricted the Environmental Protection Agency’s ability to limit greenhouse gas emissions. The 6-3 verdict, coming from the second-highest greenhouse gas emitter in the world, has global implications for climate goals.
MEETINGS Integrating biodiversity into financial markets Thursday 29 July, Symposium De Nederlandsche Bank and OMFIF’s Sustainable Policy Institute are hosting a one-day conference on the relevance of biodiversity loss for the financial system and financial stability, and the role of public and private finance in the preservation of biodiversity.
ON DEMAND Role of green taxonomies in closing the data gap This online event, organised by OMFIF’s Sustainable Policy Institute and the Future of Sustainable Data Alliance, explores the use of taxonomies, data mapping and the different approaches to and challenges in enhancing data availability, reliability and comparability.
LATEST REPORT Global Public Investor 2022 More than 75% of the central banks surveyed for the 2022 edition of Global Public Investor believe inflation will be sustainably higher or more volatile for a prolonged period. Just 20% of reserves managers think inflation will be transitory.
