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​Nowhere is the compromise between their swadharma and new responsibilities due to climate change more evident than in monetary policy. The question we need to ask ourselves is: should already-burdened central banks jump into an arena outside their direct remit? Even if there is a tangential case for policy intervention - from the perspective of what climate change means for financial stability - how should central banks approach it?

Get latest articles and stories on Business at LatestLY. Stating that the consequences, intensity, severity, and frequency of climate events were hard to measure and difficult to predict, the Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao noted that the first step for banks and other regulated entities must take is to measure the amount of exposure at risk. Business News | Measuring Exposure at Risk Key to Manage Climate Events: RBI Dy Governor.

This blog is a biweekly feature highlighting recent working papers from around the World Bank Group. This entry introduces 6 papers published from February 16 to 28 on various topics, including trade agreements, climate change and banking risks.

Those who support legislative efforts like increased gas taxes tocombat global warming should come clean to the American peopleabout their proposals' likely impacts on Americans' wallets.

Since 2020, Regen Network Development has partnered with blockchain protocols to become verifiably carbon neutral, including Osmosis, Stargaze, Cheqd, and...