AsiaOne has launched EarthOne, a new section dedicated to environmental issues because we love the planet and we believe science. Find articles like this there. FRANKFURT - Biodiversity loss is an overlooked risk to the financial system and central banks need to build their understanding of the issue and establish supervisory expectations for commercial banks to tackle it, a.
Today, the NGFS published a “Statement on Nature-related financial risks”, which acknowledges that nature-related risks, including those associated with biodiversity loss, could have significant macroeconomic implications, and that failure to account for, mitigate, and adapt to these implications is a source of risks relevant for financial stability.
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MANCHIN’S LATEST FILIBUSTER FUSS: Sen.
Joe Manchin won’t vote to eliminate the filibuster and he’s also skeptical of reconciliation, because he’s told us this hundreds of times already, but it’s worth looking for clues about ramifications for energy policy in his latest warning.
Manchin, the chairman of the Energy Committee, advised President
Joe Biden and Senate Majority Leader
Chuck Schumer against using the reconciliation budget procedure to bypass the Senate filibuster and ram through major legislation with party-line votes.
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