Yesterday (Thursday April 22) was Earth Day. To mark the occasion, President Biden hosted something called a virtual Leaders’ Climate Summit.
The leaders of major carbon emitting nations joined virtually and pledged to decarbonize the global economy. Biden even said he’d launch an international climate finance plan to underwrite it.
The virtual summit was a bullet point in Biden’s January 27, 2021, climate crisis executive order. The stated intent of the order is:
“…to tackle the climate crisis at home and abroad while creating good-paying union jobs and equitable clean energy future, building modern and sustainable infrastructure, restoring scientific integrity and evidence-based policymaking across the federal government, and re-establishing the President’s Council of Advisors on Science and Technology.”
Planetary Emergency, Central Banks And The Financial System (1/2) forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
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When we published our last climate change update earlier this month, it was probably a safe bet that the last few weeks of the month would continue to be active. That was an understatement. Before summarizing the New York Department of Financial Services (DFS) March 25 “Proposed Guidance for New York Domestic Insurers on Managing the Financial Risks from Climate Change” (Proposed Guidance), we should consider developments in multiple jurisdictions that form the backdrop for the DFS’ action.
IN DEPTH
Department of Labor
On March 10, the Department of Labor announced that it would not be enforcing a Trump-era regulation that had sought to limit the ability of those managing retirement plan assets to select environmental, social and corporate governance (ESG) funds.
US Federal Reserve Announces New Climate Committee And Provides More Guidance On Its Approach To Addressing Climate Change Risks - Finance and Banking mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
2021 Investment Scenario: Ox-market Opportunities Share
In the second of two articles, Mozamil Afzal, Global Chief Investment Officer of EFG Asset Management, continues his overview of the investment scenario in 2021.
With vaccination programmes underway and continued engagement from governments and central banks in supporting their economies, hopes are growing of a faster than expected economic recovery this year, even given the threat of new virus variants. This is certainly evident in equity markets, whereby US and Chinese stocks continue to test all-time highs and major indices are in positive territory for the year thus far. The Lunar New Year has offered a chance to reset focus and the investment outlook. Much like the Ox, we hope that the year will deliver positivity and strength to markets.