Resonance’s Post

Exciting developments in climate-sensitive public finance! 🌍 The IMF How to Note offers a roadmap for governments to integrate environmental concerns into fiscal policies. Check out the link for practical insights and country examples. Let's pave the way for sustainable financial strategies! #ClimateFinance #GreenPFM

Honored to keynote today the 2nd Symposium on Supranational Responses to Corruption: Integrity in Climate Finance and Action convened by The World Bank Grantham Research Institute on Climate Change & the Environment Transparency International Green Climate Fund. An essential conversation with the urgency of scaled up investment, the growth of carbon markets at hand. Integrity is essential for speed and scale. Major issues at stake involving governments, financial institutions, MDBs, private sector and civil society. #climate #development #procurement #standards #integrity

This IMF How to Note explains how governments can mainstream climate change and environmental concerns into their institutional arrangements to facilitate the implementation of fiscal policies. It provides numerous country examples covering possible entry points for green public financial management (PFM). It also summarizes practical guidance for implementation of a green PFM strategy, underscoring the need for a tailored approach adapted to country specificities and for a strong stewardship role of the Ministry of Finance https://lnkd.in/edvbQqNp Ozlem Aydin Bryn Battersby Fabien Gonguet Claude Wendling Jacques Charaoui Murray Petrie

Like climate-related risks, nature-related financial risks can be categorized as physical risks (stemming from the degradation of nature and loss of ecosystem services) or transition risks (stemming from a misalignment of economic actors with actions aimed at protecting, restoring, and/or reducing negative impacts on nature).

 Join us for an insightful webinar on Corruption and Integrity Risks in Climate Solutions. The IIU together with the Climate Finance Working Group is hosting a webinar on the pressing topics of intersection of climate solutions and the critical issues of corruption and integrity featuring esteemed experts. Don't miss this opportunity to gain valuable insights into how corruption risks can impact climate initiatives and what can be done to ensure integrity in climate finance. #IntegrityInClimate #ClimateFinance #CorruptionRisks #SustainableFuture

🌍 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗟𝗶𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻: 𝗧𝗵𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝗲𝗰𝘁𝗼𝗿’𝘀 𝗔𝗰𝗵𝗶𝗹𝗹𝗲𝘀’ 𝗛𝗲𝗲𝗹? 🌍 🚨 The News: Climate litigation is emerging as a significant financial risk, potentially disrupting the financial sector if not addressed urgently1. 📚 The Context: Catherine Higham from LSE’s Grantham Research Institute highlights the growing threat of climate litigation and the need for better transition planning and regulatory guidance. 🌱 Why It Matters for the Planet: Effective management of climate risks is crucial for a sustainable future. Financial institutions must adapt to mitigate these risks and support global climate goals. 🔮 What’s Next: Regulators and financial institutions need to develop comprehensive litigation risk assessment methodologies and clearer climate obligations to avoid future litigation2. 💬 One Quote: "Regulators, policymakers, and financial institutions need to be prepared and on top of mitigating climate risk."3 📊 One Stat: The abandoned Ostrołęka C coal-fired power station project resulted in a loss of more than $160 million. #ClimateRisk #Sustainability #FinancialSector #ClimateLitigation #GreenFinance #ClimateChange #EnvironmentalManagement

Climate litigation is a powerful and growing source of financial risk that, without urgent action from regulators, may yet emerge as the financial sector’s Achilles' heel in climate risk management. Catherine Higham, leading expert on climate litigation risk and policy fellow at the The London School of Economics and Political Science (LSE)'s Grantham Research Institute on Climate Change & the Environment spoke to Green Central Banking about the urgent need for the financial sector to adapt to the growing threat of climate litigation. Read the full interview: GreenCB.co/3Adatmk #ClimateLitigation#ClimateRisk

🔊 Today the NGFS is publishing 2 reports on nature-related risks: 🔔 The first report is the final version of the Conceptual Framework for nature-related financial risks, which aims to guide policies and action by central banks and financial supervisors. It also contains 2 illustrative cases to demonstrate how the framework can be applied. 🔔 The second report outlines the key emerging trends related to nature-related litigation, including cases concerning biodiversity loss, deforestation, ocean degradation, carbon sinks and plastic pollution, and explores the potential relevance for central banks, supervisors and the financial system. Want to learn more? You can find the reports via le links below: 👉 Conceptual Framework for nature-related financial risks (https://lnkd.in/emyFuFVH) 👉 Nature-related litigation: emerging trends and lessons learned from climate-related litigation (https://lnkd.in/e7sN2tu3) 🎧 For a live overview, join us this afternoon at 16:30 CEST for the NGFS Nature Publications Outreach Event (webinar link - Join the meeting now) 📄 Link to press release: https://lnkd.in/e8X5DFaa

🌲 The Network for Greening the Financial System (NGFS) has published 2 complementary nature-related reports today. Do refer to the links provided in the post below and read them in greater details. 📗 If you have been following the #NGFS work on #nature for some time now, we have come a long way from a few years ago. Through a dedicated Taskforce on Nature-related risks, co-chaired by Emmanuelle Assouan and Marc Reinke, the NGFS has made good progress (but much more to be done) on the topic via 2 key publications. The publication of the final Conceptual Framework (with 2 illustrative cases) today is a testament to the hard work put in by the Taskforce Members. 📣 Special mention to a few key individuals who are the drivers behind this publication today - Sjoerd van der Zwaag I Paolo Krischak I Anoud Allouzi I Tiffany Moeller I Antje Hendricks I carlijn ginther I Sujata Kundu I Becci Crocker I Caroline Conley Norris ✔ As the saying goes, a journey of a thousand miles begins with a single step - but let's make sure that the step is a forward step, and start making progress on this nature journey. The NGFS encourages the community to learn from these examples and to start taking action. Yann Marin I Thomas Beretti I Thomas Allen I Elsa Allman I Ludivine B. I Marie Gabet I Antoine Bakewell I Rachèle Sannier I Isabelle Tiems I Elsa Cheminet

ATLANTIC GROUP S.A. is proud to join Mainstreaming Climate in Financial Institutions as supporting institution. This community of financial institutions focuses on sharing emerging and good practice as well as leading by example and building on the five following voluntary principles : 1. COMMIT to climate strategies 2. MANAGE climate risks 3. PROMOTE climate smart objectives 4. IMPROVE climate performance 5. ACCOUNT for your climate action Together with the 53 financial institutions will work on better management of climate-related risks and opportunities; disseminating climate considerations in our organization and align financial flows with the sustainable development goals. AFG HOLDING, Léon Konan KOFFI Kouakou Anzoua ABISSA, CFA Sionlé YEO Karim Mehanvais KONE, M. Sc., CFA, FRM Sarah Bendahou Claire Eschalier #ClilmateFinance #SustainableFinance