Today’s Solutions: March 28, 2024

As groups of Extinction Rebellion protestors glued themselves to public transit and closed down large swathes of central London last week in a series of demonstrations that continued Thursday, a very different group was gathering just a couple hours’ train journey away in Paris. They, too, were meeting to discuss the impact of climate change, what they would do about it, and to send an urgent message to the world. In open letter, the banks wrote: “The prime responsibility for climate policy will continue to sit with governments. And the private sector will determine the success of the adjustment. But as financial policymakers and prudential advisors, we cannot ignore the obvious risk before our eyes.” Momentum is building behind central banks’ pragmatic approach to climate change, one that sidesteps the moral or political case and goes straight to the heart of what central banks do: manage a nation’s financial risk. With a warming climate threatening the value of loans, insurance, industries, and whole economies, those banks say doing nothing is not an option. This stark reality is part of the reason why Norway is selling off its $1 trillion sovereign wealth fund, which is managed by the country’s central bank.

Solutions News Source Print this article
More of Today's Solutions

Rowing against the current: Botswana’s women safari guides inspire and empower

In the calm of Botswana's Okavango Delta, where the morning sun creates a golden glow on the water's surface, an amazing metamorphosis is occurring. ...

Read More

The future of healing: 3D printing skin directly onto open wounds

Pennsylvania State University researchers achieved a major medical science breakthrough by being the first team ever to 3D print real human skin tissue directly ...

Read More

These solar-powered barges can scoop up 50 tons of plastic from rivers each day

While removing the plastic waste that currently contaminates the ocean today will be crucial for protecting marine ecosystems, it is arguably more important that ...

Read More

A bold step towards climate action and job creation: The American Climate Corps

The White House announced the creation of the American Climate Corps, a breakthrough program that will transform the climate action landscape. This ambitious project ...

Read More