In Short : The Asian Development Bank (ADB) is providing support to the Lao People’s Democratic Republic (PDR) to address climate risks and enhance livelihoods. This assistance likely involves funding and implementing projects aimed at building climate resilience, promoting sustainable practices. In Detail : MANILA, PHILIPPINES : The Asian Development Bank (ADB) approved a $32 […]
Indian banks face climate risks: Time for SBI to walk the green talk – EQ Mag Pro
State Bank of India (SBI), India’s largest bank, has been wary of the climate risks that it faces and plans to tackle them through a sustainability and business responsibility policy that it has formulated. While SBI is among the biggest domestic lender to the renewable energy sector, having deployed Rs397 billion (US$5 billion) to date, […]
IEEFA: How RBI can play a role in building resilience against climate risks – EQ Mag Pro
Recently, the European Central Bank (ECB) conducted its maiden climate test that showed a sudden jump in carbon prices along with floods and droughts this year would lead to losses of at least US$71.1 billion for the Eurozone’s biggest banks. RBI can learn from other central banks that have already run climate tests using scenarios […]
Indian financial system needs a green taxonomy for resilience to climate risks: IEEFA – EQ Mag Pro
The RBI, with a taxonomy as an important tool, can expedite climate risk discovery in the banking system and steer credit towards sustainable activities. As long-time risk managers, risk carriers and investors, insurers would benefit from a green classification system to ascertain assets with little contribution to climate risks. As the biggest owners of financial […]
