UK government finances are on an ‘unsustainable’ path, watchdog warns
The UK’s public debt is on an “unsustainable” upward path because of trends such as population aging and the costs of climate change as...
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Fed directs big banks to disclose how they are preparing for climate change risks
The six largest banks in the U.S. have until the end of July to show the impact that climate change could have on their operations,...
Office of Financial Research pilots data hub for climate-risk assessments
The US Office of Financial Research (OFR) has launched a climate data and analytics hub pilot to help regulators assess risks to...
Financial system makes big promises on climate change at COP26 summit
Most of the world’s big banks, its major investors and insurers, and its financial regulators have for the first time signed up to a...
Net zero is a booming business for consulting firms
At least 965 companies and 63 countries have publicly committed to net-zero targets. Turning those plans into reality will be an...
BlackRock CEO calls for stronger climate finance plan at G20 meet
At a G20 summit, BlackRock CEO Larry Fink called for governments to develop a stronger long-term climate finance plan to fund the...
NatWest rolls out carbon emissions app
NatWest is to embed a free carbon footprint tracker within its mobile banking app to help customers reduce the climate impact of their...
European Central Bank sets up climate change centre
The European Central Bank is to set up a climate change centre, uniting the disparate work streams operating across the bank.
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The new unit, which will consist of about ten staff working with existing teams across the bank, will report to president, Christine...…
Yellen vows to set up Treasury team to focus on climate, in victory for advocates
The commitments mark a victory for lawmakers and advocates who want the Biden administration to enlist Treasury's sweeping influence to...
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