Climate & Capital Media’s Post

“Why would we want to hire people who we have to reprogram? Because they came from the best universities, but they still don’t know how to spell the word ‘climate.’” Although the European Central Bank's (ECB) heightened endeavors to combat global warming are crucial, there's a concern that these efforts may inadvertently transform the bank’s green revolution into a cultural one, with staff who don’t support the battle being purged. https://lnkd.in/eJ-HmMHK Climate & Capital Media Climate Group POLITICO, POLITICO Europe Christine Lagarde  #climate #climatefinance #climateinvesting #climateinvestment #climateeconomy #esg #esgcompliance #esgdata #esginvesting #esgintegration #esgstrategy #esgfinance #europeanbank #europeanunion #europeancommission #europeanfinance #europemarket

Hoover Institution, Stanford University senior fellow John H. Cochrane argues that the European Central Bank’s focus on climate change – namely its emphasis on financing #GreenEnergy transition and mitigating environmental risks – diverts attention from its primary mandate of ensuring #PriceStability and financial system safety. Read the full article in The Grumpy Economist: https://lnkd.in/eutNk94z

A study by Climate X finds 88% of top global banks unprepared for climate-related disruptions, with European institutions leading and US banks lagging behind. Find out what banks must do to meet the demand for climate-related disruptions below, with comments from Lukky A., CEO of Climate X and 🚀 Kamil Kluza, COO of Climate X. #Banks #ClimateRisk #Sustainability

From central banks to innovative green bonds, learn how the $130 trillion finance industry is adapting to global warming challenges. #Climatechange #Sustainability #GreenEconomy #CentralBank #ESG

As the US experiences devastating weather impacts this month, new analysis indicates that many Global Banks are still working on enhancing their own preparations for resilience in the face of Climate Change #financialservices #fintech #payments

Major Banks Leave UN Climate Alliance: Threat to Jobs and Economy? #alternativefinancingmodels #Americanjobsandprosperity #climatechangepolicies #economiccompetitiveness #economy #fightagainstclimatechange #globaleconomicpolicy #HouseJudiciaryCommitteeChairmanJimJordan #joblosses #majorbanks #ParisAgreement #privatesector #privatesectorfunding #radicalclimatepolicies #UNClimateChangeAlliance

The Network for Greening the Financial System (NGFS) has warned that the economic impact of climate change could be 2-to-4 times worse than previously anticipated. But critics says the models don’t consider tipping points and other key data, and the actual economic impact is likely to be far worse than projected. Read the analysis in Green Central Banking https://lnkd.in/gBVGNGuc.

THE WORLD IS STILL ON FIRE For the last several years, world leaders have made big promises and laid out bold plans to mitigate the climate crisis and help the neediest countries adapt. At this year's World Bank/IMF Spring Meetings, they must demonstrate that they can fulfill these promises, rather than simply touting new ones.

#SUERFpolicybrief “On the near-term macro-financial risks of the low-carbon transition and climate change” by Laura Nowzohour (European Central Bank) and Stephane Dees (Banque de France) Climate change is one of the most pressing current policy challenges. Notwithstanding the fundamental uncertainty surrounding its underlying processes, there is mounting scientific evidence that the world might surpass an increase in global temperatures (compared to pre-industrial times) of 1.5 degrees Celsius already within the next five years. It is thus of utmost importance that policymakers get a sense of the short-term impact of climate change and mitigation policies and how they interact with cyclical factors and pre-existing vulnerabilities amid this uncertainty. This is what the Network for Greening the Financial System (NGFS) purports to deliver with its short-term scenarios. Five different narratives are proposed to underpin the dynamics associated with different transition and physical impacts over the next 3-5 years. https://lnkd.in/d6AwzCXM #NGFS #ClimateScenarios #ClimateChange #TransitionRisk #PhysicalRisk

The European Central Bank is increasing its commitment to fighting climate change with the release of its new "Climate and nature plan 2024-2025". This plan represents a big step in integrating climate considerations into the ECB's operations and policy framework. Read more about the ECB's roadmap for climate action in this article by ESG Today: https://lnkd.in/eA29Gemx #ClimateChange #ECB #ESG #SustainableFinance