Paul Steele is chief economist at IIED
Economics and nature conservation are closely linked. Evidence shows that the costs of biodiversity action are lower than the cost of inaction (Photo: Mokhamad Edliadi/CIFOR via Flickr, CC BY-NC-ND 2.0)
The Dasgupta Review – a mammoth 600-page treatise on the economics of biodiversity – places its faith in influencing future finance ministers.
But without tangible figures on the costs of inaction on biodiversity loss and fiscal and monetary policy recommendations, the review misses engaging current finance ministers and economic decision-makers, whose support is urgently needed to reverse the nature crisis.
This was illustrated by the glaring absence of UK Chancellor Rishi Sunak at last Tuesday’s launch, despite the UK Treasury commissioning the review a year ago and housing its well-staffed team. The government was instead represented by a short video message by the prime minister and environment minister.
By Rachel Fixsen2021-02-05T16:36:00+00:00
The Norwegian government said it has appointed a panel of experts to look into financial climate risk and climate-related investment opportunities in relation to the country’s NOK11trn (€1trn) sovereign wealth fund.
The group is to be led by Martin Skancke, who chairs the PRI board and also sits on the board of the Task Force on Climate-related Financial Disclosure (TCFD) as well as that of Norwegian financial group Storebrand, according to the announcement released yesterday.
Minister of Finance Jan Tore Sanner said: “We need more knowledge about how the transition to a low-emission society could affect the pension fund’s exposure to climate risk and climate-related investment opportunities.”
Kamecia Mason Named Vice President of Diversity, Equity and Inclusion for McCarthy Holdings, Inc.
Kamecia Mason Named Vice President of Diversity, Equity and Inclusion for McCarthy Holdings, Inc. McCarthy Holdings, Inc. is pleased to announce Kamecia Mason has been selected to serve as the firms Vice President, Diversity, Equity and Inclusion (DE&I). In this new role, she will build upon and expand significant company DE&I efforts already in place to evolve the firms national internal and external strategy and implementation. Mason, based in Dallas, will work in close collaboration with regional diversity directors across the company and will report directly to CEO Ray Sedey.
Minneapolis, Jan. 21, 2021 BackpackEMR today announced it received the Couchbase Community Award Project of the Year for its e-medical record solution. The