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Bank of England to study climate-related capital further

The Bank of England will carry out further study as it is not yet clear whether it needs to require banks and insurers to set aside longer-term capital buffers to provide for the consequences of climate change.


Religious leaders urge banks to stop financing drivers of climate change

Religious leaders urge banks to stop financing drivers of climate change

Christian, Muslim and Jewish leaders joined United Nations officials on Monday in urging financial institutions to stop bankrolling activities that are driving climate change, including ending support for new fossil fuel projects.
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Photo by Paul Fiedler on Unsplash

Financial groups seek 'clear, credible and ambitious' climate action from G20

Financial services groups responsible for more than $90 trillion in assets have called for the leaders of the world's largest economies to push through "clear, credible and ambitious" policies to battle climate change.

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Analysis: Debt in a warm climate: coronavirus and carbon set scene for default

Where COVID-19 has precipitated unprecedented debts, climate change could trigger defaults across a planet which a United Nations panel says is dangerously close to runaway warming.

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