With the globalisation engine no longer as powerful as it once was, economic growth alone is unlikely to eradicate poverty. One complementary approach is to bolster financial inclusion.
Five looming decisions in the development finance world could help to mitigate environmental and social risks of transition minerals, write Boston University researchers.
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.