The Role of Financial Institutions In Tackling The Challenges Of Climate Change, Federal Reserve Governor Lael Brainard At The 2021 IIF U.S. Climate Finance Summit: Financing A Pro Growth Pro Markets Transition To A Sustainable, Low-Carbon Economy Hosted By The Institute Of International Finance, Washington, D.C.
The Role of Financial Institutions In Tackling The Challenges Of Climate Change, Federal Reserve Governor Lael Brainard At The 2021 IIF U.S. Climate Finance Summit: Financing A Pro Growth Pro Markets Transition To A Sustainable, Low-Carbon Economy Hosted By The Institute Of International Finance, Washington, D.C. Date
18/02/2021
I want to thank the Institute of International Finance for inviting me to join this discussion. Let me start by noting that these are my own views and do not necessarily reflect those of the Federal Reserve Board or the Federal Open Market Committee.1
Federal Reserve Gov. Lael Brainard said "scenario analysis" is distinct from traditional regulatory tools to assess capital strength, but can measure the long-term impact of weather events and the transition to a greener economy.
Renewed U.S.-India Climate Cooperation
By Kanika Chawla, Alan Yu, and Rita Cliffton
February 18, 2021, 5:00 am Getty/Sam Panthaky/AFP
Indian workers install solar panels at the Gujarat solar park in the Charanka village of the Patan district on April 14, 2012.
Sam Hananel
Ari Drennen
To read the one-page fact sheet, see What a Biden-Modi Initiative To Spur India’s Green Transition Should Look Like.
The United States and India have an opportunity to partner to catalyze foreign institutional investment in India’s green transition. The fact sheet lays out what such a partnership should look like and how it would benefit both countries and the world.
Synopsis
World over, more and more companies are sharpening their strategies as experts such as the WEF’s Global Risk Report 2021 released last month lists climate change as one of the most impactful risks after COVID. How prepared is India Inc?
A year ago, when BP CEO Bernard Looney said, “We have to change. And we want to change. This is the right thing for the world and for BP”, little did people realise that one of the world’s oil and gas ‘supermajors’ would not only increase investment in renewables but also scale back on hydrocarbon production. In a LinkedIn blog post last September, Looney outlined 10 reasons why he is positive about this transition towards a renewable energy future.