[MCN] climate financial economic impact stress : Weekly update September 11, 2021 " Outdoor recreation industry fears for future ..."
Lance Olsen
lance at wildrockies.org
Sat Sep 11 11:56:17 EDT 2021
climate financial economic impact stress
Weekly update ⋅ September 11, 2021 <>
NEWS
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Could climate change trigger a financial crisis? - The Economist <https://www.google.com/url?rct=j&sa=t&url=https://www.economist.com/finance-and-economics/2021/09/04/could-climate-change-trigger-a-financial-crisis&ct=ga&cd=CAEYACoTMTI2OTcyMjg4NTIyNTk2MzUzMTIaOGEyODFlNzQ3ZjE3MjM2ZDpjb206ZW46VVM&usg=AFQjCNEmc3I6zmcWhGfkM-doBeTt9TzOPw>
The Economist <>
Early stress tests by central banks and disclosures of companies are starting to shed ... Climate change can affect the financial system in three ways.
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Outdoor recreation industry fears for future as these changes impact the North Cascades <https://www.google.com/url?rct=j&sa=t&url=https://www.bellinghamherald.com/news/local/article253867448.html&ct=ga&cd=CAEYASoTMTI2OTcyMjg4NTIyNTk2MzUzMTIaOGEyODFlNzQ3ZjE3MjM2ZDpjb206ZW46VVM&usg=AFQjCNFJ0QRCmvVQ6IxwecQ9IGgAIJde9Q>
Bellingham Herald <>
Climate change impacts are making it impossible for outdoor recreation companies ... that should be worried — the local economy as a whole is also at risk, ...
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Climate Change and Monetary Policy - IMF F&D <https://www.google.com/url?rct=j&sa=t&url=https://www.imf.org/external/pubs/ft/fandd/2021/09/isabel-schnabel-ECB-climate-change.htm&ct=ga&cd=CAEYAioTMTI2OTcyMjg4NTIyNTk2MzUzMTIaOGEyODFlNzQ3ZjE3MjM2ZDpjb206ZW46VVM&usg=AFQjCNHkyH7biKdywIGGUMTOrvXfoRANsQ>
International Monetary Fund <>
The European Central Bank (ECB) is currently trying to quantify the consequences of climate change on companies and banks through an economy-wide stress ...
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Climate hawks pressure Biden to replace Fed chair | TheHill <https://www.google.com/url?rct=j&sa=t&url=https://thehill.com/policy/finance/570475-climate-hawks-pressure-biden-to-replace-fed-chair&ct=ga&cd=CAEYAyoTMTI2OTcyMjg4NTIyNTk2MzUzMTIaOGEyODFlNzQ3ZjE3MjM2ZDpjb206ZW46VVM&usg=AFQjCNFgfZLOFZL1o8UJR7Tr9jUodrvN2g>
The Hill <>
The Fed has since joined the Network for Greening the Financial System, ... Powell, however, has ruled out imposing climate-related bank stress tests ...
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Changing the Climate of Financial Regulation by Sarah Bloom Raskin - Project Syndicate <https://www.google.com/url?rct=j&sa=t&url=https://www.project-syndicate.org/onpoint/us-financial-regulators-climate-change-by-sarah-bloom-raskin-2021-09&ct=ga&cd=CAEYBCoTMTI2OTcyMjg4NTIyNTk2MzUzMTIaOGEyODFlNzQ3ZjE3MjM2ZDpjb206ZW46VVM&usg=AFQjCNF4SFYUiVN-h5MtHA3nKXdyAog29w>
Project Syndicate <>
In light of the changing climate's unpredictable – but clearly intensifying – effects on the economy, US regulators will need to leave their comfort ...
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Nobelist, senior Democratic economist Stiglitz says Fed's Powell should go - WHTC <https://www.google.com/url?rct=j&sa=t&url=https://whtc.com/2021/09/08/nobelist-senior-democratic-economist-stiglitz-says-feds-powell-should-go/&ct=ga&cd=CAEYBSoTMTI2OTcyMjg4NTIyNTk2MzUzMTIaOGEyODFlNzQ3ZjE3MjM2ZDpjb206ZW46VVM&usg=AFQjCNHI69FgaWVkKra_tOCn-Bwcjjd-6g>
WHTC News <>
Powell has said the main response to climate change needs to be set by U.S. ... “stress tests” that gauge how bank portfolios respond to economic ...
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Climate action essential to cool 'season of fire and floods' worldwide: Deputy UN chief | | UN News <https://www.google.com/url?rct=j&sa=t&url=https://news.un.org/en/story/2021/09/1099182&ct=ga&cd=CAEYBioTMTI2OTcyMjg4NTIyNTk2MzUzMTIaOGEyODFlNzQ3ZjE3MjM2ZDpjb206ZW46VVM&usg=AFQjCNHShuG-2sE6pM_eg_ijr903qpqcLg>
UN News <>
“The effects will reverberate through economies, communities and ecosystems, ... only 21 per cent of climate finance is channelled to adaptation efforts.
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Argentina seeks Latin American climate unity ahead of COP26 - Diálogo Chino <https://www.google.com/url?rct=j&sa=t&url=https://dialogochino.net/en/climate-energy/46181-argentina-seeks-latin-american-climate-unity-ahead-of-cop26/&ct=ga&cd=CAEYByoTMTI2OTcyMjg4NTIyNTk2MzUzMTIaOGEyODFlNzQ3ZjE3MjM2ZDpjb206ZW46VVM&usg=AFQjCNEdgOC5OQyYgN-ygypGR2jpMVJ_dA>
Diálogo Chino <>
The region will be one of the hardest hit by climate change, ... fiscal and stimulus measures to alleviate the economic effects of the pandemic, ...
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What can central banks do to address climate risks? - Yahoo Sport UK <https://www.google.com/url?rct=j&sa=t&url=http://uk.sports.yahoo.com/news/central-banks-address-climate-risks-021231740.html&ct=ga&cd=CAEYCCoTMTI2OTcyMjg4NTIyNTk2MzUzMTIaOGEyODFlNzQ3ZjE3MjM2ZDpjb206ZW46VVM&usg=AFQjCNElugf0sw97S-8byBM1r776NWohLQ>
Yahoo Eurosport UK <>
While not directly involved in addressing global warming, central banks do have to be alert to its impact on the economy and the financial system.
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Climate change a 'collective trauma of potentially epic proportions' for South Africa - The ... <https://www.google.com/url?rct=j&sa=t&url=https://mg.co.za/environment/2021-09-08-climate-change-a-collective-trauma-of-potentially-epic-proportions-for-south-africa/&ct=ga&cd=CAEYCSoTMTI2OTcyMjg4NTIyNTk2MzUzMTIaOGEyODFlNzQ3ZjE3MjM2ZDpjb206ZW46VVM&usg=AFQjCNG1LuBUcrNUT5ORLYj1wCowPeg4QA>
Mail and Guardian <>
“Beyond the direct and accumulating traumatic and stressful impacts of natural disasters and degradation, climate change forever alters ...
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"The biosphere -- this thin film of air and water and soil and life no deeper than ten miles, or one four-hundredth of the earth's radius -- is now the setting of the uncertain history of man."
“Man must learn to see himself in his true place and proportion in the biosphere.”
The Editors, Scientific American. Foreword to The Biosphere, the book version of Scientific American’s September 1970 special issue on The Biosphere.
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