Hundreds of representatives from about 80 countries are gathering in Paris to talk about rebuilding a monetary system many say is ill-suited to a changing planet.
Chaos is bad for superannuation funds and climate change could mean a lot of chaos. Mary Delahunty, who analyses these scenarios for one of Australia's biggest super funds, takes us inside the attempt to reduce uncertainty.
The announcement that 450 firms had signed up to the Glasgow Finance Alliance for Net Zero was the high point of the day at the UN climate conference. But climate activists remained skeptical that it represented a turning point in the world's financial system.
“If it actually looks seriously like the world is gonna cut carbon emissions in half by 2030, you could, overnight, see fire sales of fossil-fuel assets.”
The Federal Reserve announced yesterday the creation of a first-of-its-kind committee to deepen the central bank's understanding of the risks that climate change poses to the financial system.
Dozens of House Republicans are warning Federal Reserve Chair Jerome Powell against proceeding with climate risk regulations for the financial system, in the first major political rebuke of the Fed's new efforts.
