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‘Uninsurable and Unhedgeable’: Central Banks Warn of Financial Crisis from Climate Change

DeSmogBlog

Read time: 6 mins A future climate disaster, or “green swan” event, could bring down the global financial system, according to a new report from the Bank for International Settlements ( BIS ), an international financial organization that serves as a bank for central banks around the world.

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Managing risk, achieving impact: Linking sovereign debt with climate and nature targets

Business Green

Sustainability-linked sovereign bonds can help promote economic resilience and a much-needed sustainable recovery to Covid-19, according to the World Bank's Fiona Stewart and Samantha Power. Difficulties around resource intensive budget tagging and project identification could also be avoided.

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The UK's net zero target is under threat because there's no plan to pay for it

Business Green

Building decarbonisation is critical to delivering a net zero Britain, but neither the Treasury nor Scottish government have set out a vision for how a mass green homes retrofit programme could be funded, writes Glasgow Caledonian University’s Keith Baker.

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L&Q launches pioneering £300m sustainability-linked bond

Business Green

Unlike green or sustainable bonds, funds raised through sustainability-linked bonds are not tagged to a specific use for the proceeds with the funds raised able to be used for general corporate purposes.

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How to bridge the SME net zero financing gap

Business Green

Firms with fewer than 250 employees - the traditional cut-off point for SMEs - may individually have a fraction of the climate impact of their corporate counterparts, but they together make up as much as 90 per cent of all businesses worldwide, according to the World Bank. Such investments need not break the bank.

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How investing 1.3 per cent of GDP could decarbonise the global economy - and unlock massive financial savings

Business Green

Moreover, this price tag is for capital investments, not costs. But this equates to an average annual level of $3.5tr and the roll out of clean technologies will serve to eradicate the need for around $500bn a year of fossil fuel investment resulting in an annual net capital investment requirement of $3tr.

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How much will net zero cost the UK? The OBR tries answering the trillion-pound question

Business Green

The UK has embarked on what the government describes as a green industrial revolution, with whole industries, the entire jobs market, every inch of infrastructure and even the banal, minutiae details of our daily lives on the cusp of major transformation. Or is it a billion pound question? Or will it require a cost at all?