When it comes to taking the necessary measures to mitigate the worst effects of climate change, action does not come cheap. Introducing the necessary changes to energy production, ensuring more environmentally methods of production and re-tooling existing industries, for example, will come with significant costs. And, unfortunately, a significant proportion of these costs are going to be borne by those least able to afford them.
When it comes to taking the necessary measures to mitigate the worst effects of climate change, action does not come cheap. Introducing the necessary changes to energy production, ensuring more environmentally methods of production and re-tooling existing industries, for example, will come with significant costs. And, unfortunately, a significant proportion of these costs are going to be borne by those least able to afford them.
When it comes to taking the necessary measures to mitigate the worst effects of climate change, action does not come cheap. Introducing the necessary changes to energy.
CIB Egypt partners with IFC in managing climate risk, boosting sustainability zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
The advisory project will include an initial portfolio screening against climate risk and the development of scenario planning and stress testing methodology for CIB, a long-term IFC partner. The goal is to assist the bank in assessing its climate risk exposure, and ensuring any climate-related financial risks are disclosed in its portfolio.