SPEECH
The embrace of the horizon: Forcefully moving with the changing tide for climate action in financial sector policies
Speech by Frank Elderson, Chair of the Central Banks and Supervisors Network for Greening the Financial System, Member of the Executive Board and Vice-Chair of the Supervisory Board of the ECB, at The Green Swan Conference – Coordinating finance on climate
Frankfurt am Main, 3 June 2021
Many thanks to the organisers for inviting me to address this conference with so many distinguished speakers. I am truly honoured to have the opportunity to speak at this important event and to discuss the immediate action the financial sector can and should take in the light of the ongoing climate crisis.
The governor of France’s central bank said talks between government and central bank officials on new climate risk disclosure rules had progressed faster than expected.
Emerging Analyses of Road To Net-Zero 2050 Suggest Hits to Economy, Biodiversity
News Analysis
New analyses show the road to net-zero emissions by 2050 comes with significant but poorly understood economic and environmental costs. While efforts to quantify these impacts are starting to take shape, concerns are mounting over how to source the building blocks for the green economy.
Oxford Economics (OE) senior economist Dan Moseley told The Epoch Times that economic analysis of the path to net zero by 2050 is relatively underdeveloped, despite progress on developing climate scenarios made over the last year by bodies like the Intergovernmental Panel on Climate Change, Network for Greening the Financial System, and International Energy Agency.
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