The World Bank is poised to get a new president in 2023, as David Malpass announced his departure on Wednesday.
The world leaders who congregated in Sharm El Sheik for the first two days of COP27 have left and, whilst the climate negotiators get to work, the thematic days of the conference have begun.
Wednesday was finance day, with a host of side events around the pavilions discussing the often thorny issues surrounding climate finance. It was also the day that former US Vice-President Al Gore launched a project to provide accurate, granular emissions date, and revealed that, in many cases, emissions are much higher than previously reported.
A new UN-led financing tool to strengthen weather and climate forecasting, improve life-saving early warning systems, safeguard jobs, and underpin climate adaptation for long-term resilience, officially opened for business on Thursday.
The UN Environment Programme (UNEP) joined religious leaders and others on Monday in signing a landmark joint appeal for climate-responsible finance “as a moral imperative towards children”.
Day three of COP26 was dominated by climate finance: how to ensure that the financial sector moves definitively away from fossil fuels and instead invest in initiatives that push the global economy towards sustainability.
Conor Lennon and Laura Quinones share the main stories of the day, and explain why, in the context of climate change, insurance is interesting (it really is!).
They also share some words in Welsh, Doric, Quechua, and Cuyonon!
“Social responsibility and sustainable profit” can go hand in hand according to the chief of Thailand’s government pension fund. The UN, and some of the biggest players in the Thai economy, are working together to support efforts by the country’s finance and banking institutions to speed up the South East Asian country’s transition to a net zero carbon economy.
It’s overwhelmingly accepted that climate change is a very significant threat to humanity and while there are countless solutions to tackling what has been described by the UN as the “existential threat” of our times, it is still not fully clear how these solutions will be paid for.