Some things of interest, at least to me, in Mark Carney's 4th Reith Lecture, which focuses in part on climate finance. "Current calculations suggest the financial system as a whole is funding temperature increases of over three degrees centigrade" https://www.bbc.co.uk/programmes/p090rjnh
A name check for Eleanor Ostrom, who "has documented how a community can cooperate to manage a scarce resource"
"every major company should disclose how climate change affects its current business and how it could affect their strategies. Large companies should also develop and disclose their plans to move to net zero"
"Banks & insurers must [understand] the carbon emissions they’re financing, developing strategies for managing them down, [with] plans to align to transition to net zero. 70 central banks from countries responsible for 3/4 of global emissions are working to help make this happen"
"Investors should disclose how closely their portfolios are aligned with the transition. A very basic approach is to report the percentage of their assets that have a
net zero target."
Lots to scrutinise and critique, but I think Carney makes more sense than some of his critics. It was good to hear Niall Ferguson's sophistry put back in the box where it belongs
Gail Bradbrook's idea of global citizens assembly for a regenerative political economy will have emotional appeal for some, but how would it interact with 'real' power? (Some issues related to this explored in The Ministry for The Future by Kim Stanley Robinson)
You can follow @casparhenderson.
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