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Central banks prepare for "decisive" 2020 for climate change action
02 April 2020The Network for Greening the Financial System (NGFS) said 2020 will be a "decisive year", as the group of central banks warned the coronavirus crisis should not overshadow the pressure building for climate action in the financial system.
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Carney: Prudential regulation should avoid climate policy by 'back door'
31 March 2020Former Bank of England (BoE) governor Mark Carney has warned against using prudential regulation to implement climate policy "by the back door".
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Carney: EU Taxonomy 'still too narrow'
25 March 2020Former Bank of England governor Mark Carney has reiterated that the EU Taxonomy for Sustainable Activities remains "quite proscriptive" despite recent revisions, while he is optimistic it will become richer through the addition of transition activities in the future.
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Carney: sovereigns benefit from green bond market 'success story'
19 March 2020Former Bank of England (BoE) governor Mark Carney has described green bonds as a "success story", while lauding the benefits of sovereign issuers entering the market.
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UK regulator proposes tightened climate-risk disclosure demands
09 March 2020The UK financial services regulator has announced it is considering new climate-related disclosure requirements for most of the major firms listed in the country, despite disappointment from campaigners that its proposals were not mandatory.
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Carney makes TCFD push at launch of COP26 private finance agenda
27 February 2020Mark Carney has used the launch of COP26's private finance agenda to urge financial institutions to conduct climate stress tests and disclose comprehensive climate-related information.
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Transition-focused index backed by Church of England pension
30 January 2020The pension board of the Church of England (CofE) has allocated £600 million ($780 million) to a fund tracking a first-of-its-kind, custom-made, climate transition index, and issued a rallying call for other pension funds to follow.
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Australia's insurers to face climate stress tests in 2020
31 December 2019Australia's insurers are to undergo stress tests next year linked to the possible effects of climate change on assets they hold, reports say.
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Carney: Financial sector moving too slowly on climate
30 December 2019The global financial sector is moving too slowly to curb the negative impacts of climate change, the governor of the Bank of England has said.
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BoE widens climate risk stress test to banks
18 December 2019The Bank of England (BoE) has outlined proposals to stress test banks and insurers on climate risk as part of its 2021 testing round.