Memo to Chancellor Scholz: ‘Sustainable investment not real estate’, COP26 must prompt action on net zero commitments, and more
THE WEEKEND REVIEW
Latest opinion and analysis from OMFIF around the world
22-26 November 2021, Vol.12 Ed.47
Most-Read Commentary
Memo to Chancellor Scholz: ‘Sustainable investment not real estate’: A timely warning to the new German government on promoting productive rather than speculative investments has been sounded by a wide-ranging report from McKinsey Global Institute. The report coincides with announcement of the main policy proposals of the future Berlin government under Olaf Scholz. The coalition treaty is replete with ambitious plans in digitalisation, sustainability and social housing, key issues underlined by MGI, writes David Marsh. Read more.
Commentary COP26 must prompt action on net zero commitments: The capital and finance innovation panel at COP26’s innovation hub saw many challenges being put to financiers across the globe. At ‘one minute to midnight’, lip-service can no longer be tolerated and the time has come for net zero commitments to be underpinned by action, writes Tamara Singh. Read more.
Podcast Climate change could lead to substantial capital shortfalls: Richard Berner, clinical professor of finance at the Stern School of Business, New York University, joins Natalia Ospina, deputy head of reports, OMFIF. They take a deep dive into his climate stress testing methodology which gauges the resilience of financial institutions to climate-related risks. Listen.
Meeting Digitalisation of communities and enhancing remittances: Remittances continue to be a lifeline for the families of migrant workers. This roundtable focuses on how costs remain too high, new technological solutions could be implemented to prevent inefficiencies in cross-border transfers and reform of regulation could be necessary to bolster economic empowerment. Register.
Commentary Tucker: Five years is too long for digital euro debate: The ECB is dragging its feet with its five-year timeline for its decision on the digital euro, according to Paul Tucker, former deputy governor of the Bank of England. The ECB launched a two-year investigation phase in July 2021. Once completed, it will decide on whether to develop a digital euro, writes Lewis McLellan. Read more.
