New sustainability reporting standards are a game changer for businesses July 20, 2023 In June, the International Sustainability Standards Board (ISSB) published its long-awaited inaugural standards for sustainability reporting. The launch of the standards is widely regarded as a hugely important milestone in the global fight against climate change. By providing a global baseline for businesses to report comparable information on sustainability issues, the new standards should make [...]
Dear Earth at the Hayward review: Vital and impressive June 26, 2023 Group exhibitions are a tricky thing to get right but the Hayward Gallery shows how it should be done with the excellent exhibition Dear Earth. It brings together 15 artists, all working in different mediums, addressing the issue of climate change. As you walk in you’re greeted by Otobong Nkanga’s giant tree, its roots exposed, [...]
Doling out more debt to developing countries won’t help without giving them a global voice June 23, 2023 Can we stop burying countries at risk of climate change in more debt?
Brett Christophers: Be wary of outsourcing climate change response to ‘ruthlessly extractive’ asset managers June 18, 2023 Academic Brett Christophers has warned that governments’ attempts to outsource the response to climate change to asset managers, such as those at Blackstone and Brookfield, will have damaging consequences. Christophers, who recently published Our Lives in their Portfolios, told City A.M. that “the infrastructural response to climate change both in terms of mitigation and adaptation [...]
AI can help capital tackle climate threat, Sadiq Khan says June 12, 2023 Artificial intelligence (AI) can be deployed to help London tackle the threat from climate change, Sadiq Khan has said. The mayor of London has launched a review exploring how data and technology can help the capital thrive in a changing environment. At the opening of London Tech Week on Monday, Khan outlined how blistering heatwaves [...]
Tory row erupts over response to US green subsidies after Hunt refuses to go ‘toe to toe’ with Biden March 30, 2023 Conservative MPs are divided over plans for the UK’s response to the US green subsidies scheme after the Chancellor said Britain would not go “toe to toe” with president Joe Biden. Net zero secretary Grant Shapps today unveiled proposals to ‘power up’ Britain with new energy security measures, in what was expected to be a [...]
Sadiq Khan: Climate deniers will be ’emboldened’ if ULEZ expansion fails March 20, 2023 London’s ultra-low emissions zone (ULEZ) expansion is now a “key frontier” in the global fight against climate change, Sadiq Khan has said. The mayor of London has called on the environmental lobby to come out more strongly in favour of the controversial policy, saying climate change deniers will be “emboldened” if it fails. Speaking at [...]
Banks and insurers may not be ‘sufficiently capitalised’ for future climate-related losses, Bank of England reports March 13, 2023 The Bank of England said there was “uncertainty” over whether banks and insurers are “sufficiently capitalised” to deal with climate-related risks, but suggested there was not enough justification to increase their capital requirements at the moment. In a report published today, the Bank said climate risks create a challenge for regulators as the uncertainty surrounding [...]
Just Stop Oil eco-activists fined £500 for gluing themselves to da Vinci’s Last Supper – and say artist would ‘AGREE’ with them February 8, 2023 Environmental protesters fined for gluing themselves to the frame of a copy of Leonardo da Vinci’s The Last Supper have said they believed the artist would have supported their actions. Five Just Stop Oil (JSO) activists were ordered to pay £486 each for criminal damage at City of London Magistrates’ Court, over a demonstration at [...]
Andrew Bailey and Jerome Powell play down central banks’ climate change role January 10, 2023 Andrew Bailey and Jerome Powell, two of globe’s top rate setters, have today said central banks should only have a limited role in tackling climate change. The chiefs of the Bank of England and US Federal Reserve, speaking at a summit hosted by the Swedish central bank, the first in the world, played down their [...]