Financial institutions and markets have the unique capacity to effectively identify risks and fund solutions. Investments in cutting-edge green technologies have a powerful role to play in reducing carbon emissions, increasing the use of renewable energies, transforming waste, and much more. In this episode, we discuss scaling-up investments in green technologies with Dr. Vanessa Z. Chan, Chief Commercialization Officer and Director of the Office of Technology Transitions at the U.S. Department of Energy, and John Goldstein, Managing Director and Head of the Sustainable Finance Group at Goldman Sachs.
- John Authers is a senior editor for markets. Before Bloomberg, he spent 29 years with the Financial Times, where he was head of the Lex Column and chief markets commentator. He is the author of “The Fearful Rise of Markets” and other books.
LONDON, Aug 12 (Reuters) - (This August 12 story corrects title in final paragraph, no other changes to text)
Where COVID-19 has precipitated unprecedented debts, climate change could trigger defaults across a planet which a United Nations panel says is dangerously close to runaway warming.
To avert disaster, countries are committing to carbon cutting steps. But these will be costly and likely to add to a global debt pile which asset manager Janus Henderson estimates ballooned to $62.5 trillion by the end of last year.
With floods and wildfires devastating the world, estimates vary on how much damage warming will inflict on its economy.
But a report earlier this year by BofA put it at $54-69 trillion by 2100, which compares to a valuation of the entire global economy of around $80 trillion. read more
The financial repercussions could manifest themselves in under a decade, a study by index provider FTSE Russell warns.
The first...
- 00:00Let's talk a bit about first of all inflation in Russia. What tocome and talk about what is happening in terms of covered in just a moment. Inflation feels a little less transitory inRussia. The governor governor in the building talking about significant rate hikes from here. What is your expectation forwhat is going to be required to get inflation under control. Well I think it's a very simple mathematics. You have rightstrike now it's five and a half percent and then you have inflation at 6 percent. Right. And also you have core inflationpicking up significantly. So at the very least they need to bring it to neutral. And it's possible they have to go to goover that. So we expect about 50 to possibly a hundred books out of this. As they say the focus one possibly up to 100 tips onthat. Well this meeting in July and then wait and see hopefully in autumn if the inflation doesn't decelerate in autumn then wecould have more hikes. Why didn't the market react. Well the market...
Axel Weber, Chairman of the IIF and UBS Group AG, discusses the future of the financial services industry, amidst digitalization, changes in cost economics, the rise of tech platforms, and a growing need for cross-border coordination in data and tech policies.
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