COP26 delegates agree on need to deliver on $100 BLN climate finance pledge
Delegates heading to the COP26 U.N. climate summit in Glasgow. These delegates agreed that they must deliver on the $100 billion per year pledge. COP26 president Alok Sharma said that, it is to help most vulnerable nations for tackling the climate change. After many days of meetings at the pre-COP26 climate event, which happened in […]
US banking regulators working on climate risk management guidance
U.S. banking regulators are working on new climate risk management guidance. A top official said that this is for large lenders. Also, it is another sign of efforts to incorporate the risks posed by rising temperatures into financial rules. Michael Hsu, the acting Comptroller of the Currency said that his agency was working on the guidance […]
Australia’s top 5 banks assessing climate risks
Australia’s financial regulator outlined details of a climate vulnerability assessment (CVA) that is being undertaken by the country’s top five banks. This is to assess exposure to climate risk, and their response to different scenarios. With the increasing weather-related disasters, taking many lives, the regulators and central banks are looking to ready companies and financial systems to […]