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‘Climate change will lead to £340bn losses by 2050’

‘Climate change will lead to £340bn losses by 2050’

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‘Climate change will lead to £340bn losses by 2050’

These will hit banks the heaviest, the Bank of England warns

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Bank of England halves CO2 emissions in 2020/21

Bank of England halves CO2 emissions in 2020/21

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Bank of England halves CO2 emissions in 2020/21

The bank said this was the largest decrease in its carbon footprint in a single year since it was first calculated in 2015/16

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Bank of England launches climate stress test for financial sector

Bank of England launches climate stress test for financial sector

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Bank of England launches climate stress test for financial sector

It will explore the two key risks from climate change – the impact of the move towards a net zero economy and risks associated with higher global temperatures

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UK financial regulators required to consider climate change issues

UK financial regulators required to consider climate change issues

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UK financial regulators required to consider climate change issues

The Financial Conduct Authority and Prudential Regulation Committee, which supervise financial services companies, should take into account the government’s legally binding commitment to transition to a net zero economy by 2050

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EAC warns Bank of England to avoid ‘moral hazard’ from high-carbon bond purchases

EAC warns Bank of England to avoid ‘moral hazard’ from high-carbon bond purchases

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EAC warns Bank of England to avoid ‘moral hazard’ from high-carbon bond purchases

The Environmental Audit Committee says the bank’s corporate bond purchases are currently aligned with a ‘catastrophic’ 3.5°C temperature rise by 2100

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Mark Carney appointed as Finance Adviser for COP26 climate summit in Glasgow

Mark Carney appointed as Finance Adviser for COP26 climate summit in Glasgow

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Mark Carney appointed as Finance Adviser for COP26 climate summit in Glasgow

He will help the UK Government to mobilise ambitious action from across the financial sector ahead of the conference in November

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Mark Carney warns financial sector of danger of investing in oil and gas

Mark Carney warns financial sector of danger of investing in oil and gas

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Mark Carney warns financial sector of danger of investing in oil and gas

Outgoing Bank of England Governor says investment in fossil fuels is being curbed too slowly risking irreversible climate change

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Mark Carney: Businesses that fail to adapt to climate change will go bankrupt

Mark Carney: Businesses that fail to adapt to climate change will go bankrupt

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Mark Carney: Businesses that fail to adapt to climate change will go bankrupt

The Bank of England Governor also said there will be ‘great fortunes’ made along the way

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Climate risk stress test for UK insurance sector

Climate risk stress test for UK insurance sector

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Climate risk stress test for UK insurance sector

It is the first time the bi-annual tests have been extended to explore climate change and applies to the largest life and general insurers

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‘Cleaner and greener’ £5 notes hit the streets

‘Cleaner and greener’ £5 notes hit the streets

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‘Cleaner and greener’ £5 notes hit the streets

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Bank of England investigates ‘carbon bubble’ risk

Bank of England investigates ‘carbon bubble’ risk

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Bank of England investigates ‘carbon bubble’ risk

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Mark Carney reckons most fossil fuels “un-burnable”

Mark Carney reckons most fossil fuels “un-burnable”

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Mark Carney reckons most fossil fuels “un-burnable”

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