Not a single mention of climate change.

If your “alternative” to the mainstream doesn’t include climate and nature crises as increasingly important in shaping the economy we actually live in, it’s not a real alternative.

Basel Committee adds climate risks to banking supervision standards - The Business Times - goo.gl/alerts/gQJMiP

According to preliminary estimates from the International Disaster Database (EM-DAT), flooding in 2023 affected an estimated 1.6 million people in Europe and caused around 81% of the year’s economic losses due to climate impacts on the continent.

wmo.int/publication-se…

So called ''climate-aligned' banks do not change their lending or loan pricing compared to other banks: they are not actively divesting.
We can reject that climate-aligned lenders divest from firms in targeted sectors by more than 2.6%'
@ECB study

ecb.europa.eu/pub/pdf/scpwps…

This is a sad and dark day for football. Saudi Aramco just bought the game’s biggest platform to sell its dirty fossil fuels and clean up its grim reputation. To protect the sport we love, we need to stop this deal.

The destruction of nature by the 2030s could cut UK GDP by up to 12%, worse than the 2008 global financial crisis and the Covid pandemic, experts have warned.

...and of course, 'the impacts will compound with #climaterisk '

theguardian.com/environment/20…

ICYMI
The Swiss National Bank won’t have to take #climaterisk into account in its monetary policy, according to the country’s parliament...

#DrawMeAnOstrich

bloomberg.com/news/articles/… via Bloomberg Economics

ICYMI, this is important:

- Under current rules, banks' loan loss provisions depend on how they estimate risks to different asset classes

- but, the average estimate of risk among EU banks is lower for carbon-intensive than for low-carbon activities

- so, banks have a…

'if the current trajectory of high carbon emissions and population growth continued, the number of people living in areas with mosquito-borne diseases would double to 4.7 billion by the end of the century'...

theguardian.com/environment/20…

“Intense heatwaves in India Thailand and Bangladesh and fatal floods in China and Pakistan this week have coincided with the latest UN weather agency warning that climate change is causing major repercussions across Asia”

happening right in front of us
ft.com/content/3c77cb…

Seeking climate experts to support the EU Scientific Advisory Board on Climate Change . Are you passionate about climate action and thrive in a multicultural environment? The Secretariat to the #EU #Climate Advisory Board is looking for candidates experienced in climate #scenarios , #policy , and #economic analysis…

🇰🇪 Kenya plans higher capital requirements to account for climate risks

GreenCB.co/4aYBZBr

Climate change is creating a ‘cocktail’ of health hazards for 2.4 billion workers

Besides heat stress, agricultural workers and heavy labourers in hot climates are exposed to a “cocktail of hazards” which can result in dangerous health conditions
euronews.com/green/2024/04/…

EU insurance regulator calls for action to avoid US-style insurability crisis in Europe. Also cautions insurers against easy option of excluding bad risks from coverage:

“If you do that, you will, in the end, lose trust and lose your reason to be there.”
ft.com/content/d935f3…

The ILO estimates that over 2.4 billion workers — more than 70% of the global workforce — are likely to face excessive heat as part of their jobs at some point. That’s up from over 65% in 2000.

apnews.com/article/ilo-la…

We are hiring two modellers for postdoc positions at ICTA. One to focus on Integrated Assessment Modelling of post-growth climate mitigation scenarios, and one to develop an ecological macroeconomic model to assess post-growth policies. Apply here! uab.cat/web/el-centre-…