U.S. Treasury Secretary Janet Yellen will call on Wednesday for the World Bank to undertake additional reforms this year to expand its ability to help developing countries meet global challenges such as climate change.
The Bank of England will carry out further study as it is not yet clear whether it needs to require banks and insurers to set aside longer-term capital buffers to provide for the consequences of climate change.
The energy crisis sparked by the war in Ukraine is creating difficulties with a commitment the Italian government made last year to stop funding overseas fossil fuel projects, the country's climate change envoy said on Thursday.
A study group drawn from a number of private financial institutions on Monday laid out guidelines for financing low-carbon technologies and energy transition projects in Asia to help combat climate change.
After facing calls to resign for declining to say whether he accepts the scientific consensus on global warming, World Bank President David Malpass said on Thursday he is not a climate change denier and defended his climate record as bank chief.
Commodities trader Louis Dreyfus Brazil's chief executive said on Tuesday that if society wants to tackle deforestation seriously, mechanisms need to be put in place to compensate farmers for conserving trees.
Global regulators published a detailed checklist for banks to assess how climate change affects all aspects of their business, including pay and capital, as economies set carbon reduction targets.
