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Carney: responsible investing will help break the tragedy of the horizon
21 March 2019Mark Carney revisited his landmark tragedy of the horizon speech, this time striking a more positive note about the "tremendous" opportunities created by the low-carbon transition, and predicting that sustainable investing will "go mainstream".
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RBA calls for climate scenario analysis in economic modelling
12 March 2019The Reserve Bank of Australia (RBA) has warned that climate change affects both monetary policy and financial stability, and called for economic models to incorporate the scenario analysis, as used in climate models.
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Irish central bank warns of slow transition to green economy
06 February 2019A slow transition to a low-carbon economy would pose macroeconomic and financial stability risks, according to the Central Bank of Ireland (CBI) governor, Philip Lane.
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Supervising an orderly transition
21 January 2019Why is the Bank of England increasingly focusing on climate change? Sarah Breeden explains its approach to Peter Cripps
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IIGCC publishes climate scenario analysis guide
22 November 2018Investors who use scenario analysis will be better equipped to respond to early warning signs, such as a rising carbon price, and take more informed investment decisions as the low-carbon transition evolves.
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Central banks make rallying cry for swift action on climate risk
15 October 2018The financial risks presented by climate change are “system-wide and potentially irreversible… and [these] risks call for action in the short-term to reduce impact in the long-term”, a group of some of the world’s most influential central banks and supervisors has warned.
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Carney launches Climate Financial Risk Forum
28 September 2018The UK's Prudential Regulation Authority (PRA) is to step up its oversight of climate change after a survey revealed that only 10% of banks are treating the issue as a strategic risk.
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Banque de France and I4CE form climate finance partnership
23 July 2018The Banque de France and the Institute for Climate Economics (I4CE) are forming a partnership to exchange expertise and increase the financial sector's awareness of climate risks and opportunities.
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Steering group for Green Finance Institute announced
16 July 2018A steering group has been assembled to guide the launch of the UK's Green Finance Institute.
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Investors offered tool to model low-carbon transition risk
08 June 2018A modelling tool to help investors and regulators assess how the transition to a low-carbon economy will impact the financial performance of infrastructure investments, has been launched by the ClimateWise Insurance Advisory Council.