Tag: climate risk
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Tracking the Transition: Private Financial Institutions and Net Zero Progress
Understanding the Net Zero Imperative for Private Financial Institutions Private financial institutions (FIs) sit at the crossroads of climate action and capital markets. The transition to a low‑carbon economy requires trillions of dollars in investment, and FIs—banks, asset managers, insurers, and private equity firms—play a central role in financing clean energy, sustainable infrastructure, and climate…
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Australia’s Weather Toll Rises: Rethinking Insurance for a Warming Future
Australia faces some of the world’s highest climate losses New data from the Insurance Council of Australia (ICA) shows that every decade since 1980 has brought higher inflation-adjusted losses from floods, bushfires, storms and extreme cold. When compared with five other developed nations over the last five decades, Australia ranks near the top for per…
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How the Philippines’ Central Bank Is Building Climate-Resilient Finance
Introduction: A Climate-Resilient Financial System in a Vexed Era The Philippines faces increasing climate risks, from riverine floods to coastal storms. In this context, the Bangko Sentral ng Pilipinas (BSP) is taking proactive steps to ensure the country’s financial system can weather climate shocks while steering capital toward green, adaptive projects. Recognizing climate risk as…