Opinion / #extreme weather
Even though the global economy depends on a stable climate and reliable ecosystem services, businesses and financial institutions are not required or incentivised to invest in nature. Central banks and supervisors could change that trajectory simply by fulfilling their financial-stability mandate.
The rise of 'greenhushing' – when companies downplay environmental risks for financial or political reasons – reflects not just changing communications strategies, but rising tensions between competing priorities.
Public development banks must spearhead a systemic overhaul of global finance to ensure climate funding reaches the most vulnerable and accelerates the green transition.
With floods, droughts and extreme weather threatening billions of people, investing in early warning systems must be a priority.
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