Climate change latest publications
Climate change is gaining prominence in economic forums. At the biannual meeting in Washington of the IMF and the World Bank, climate issues were no longer relegated to the “risk” or “future challenges” sections of conference papers. Also on the horizon is the COP26 summit in Glasgow in November.
The European Central Bank (ECB) recently published the detailed results of its climate stress test on both banks and non-financial companies in the euro area. The exercise was designed around three main pillars.
The European Union has announced that it will issue up to 250 billion euros in green bonds over five years to fund "Next Generation EU" projects with a positive environmental impact.
Asia is at the frontier of battling against climate change while the central banks have already had a series of initiatives to link monetary policy to climate change risks.
Press release. One of the pillars in financial education syllabi is saving. If this is combined with awareness to contribute to the mitigation of climate change, there is a formula in which not only one-person wins, but also society as a whole.
The strategy review has been relatively moderate, introducing a symmetric and clearer (2%) inflatio target, and adopting as permanent the current toolkit. The change has been less ambitious than the one by the Fed. On climate change, the ECB is clearly more committed to specific action, but depends on other institutions
In addition to the effects of the COVID-19 pandemic, the tourist activity of Quintana Roo will face again in this summer of 2021 an important arrival of Sargassum towards its beaches: it is possible that the volume of sargassum in the Caribbean Sea will approach or exceed the maximum observed in the last 20 years.
In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.