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Network For Greening The Financial System
The Network for Greening the Financial System (NGFS) is a network of 114 central banks and financial supervisors that aims to accelerate the scaling up of green finance and develop recommendations for central banks' role for climate change. The NGFS was created in 2017 and its secretariat is hosted by the Banque de France. Its current chair is Ravi Menon, Managing Director of the Monetary Authority of Singapore. The NGFS has been awarded best green initiative of the year 2020 by Centralbanking.com. According to its charter, the purpose of the NGFS is ''"to define, promote and contribute to the development of best practices to be implemented within and outside of the Membership of the NGFS and to conduct or commission analytical work on green finance."'' The NGFS was announced at the Paris “One Planet Summit” in December 2017. The network was launched by 8 founding central banks, under the leadership of Banque de France's governor François Villeroy de Galhau, the Dutch Cen ...
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Green Finance
Sustainable finance is the set of practices, standards, norms, regulations and products that pursue financial returns alongside environmental and/or social objectives. It is sometimes used interchangeably with Environmental, social, and governance, Environmental, Social & Governance (ESG) investing. However, many distinguish between ESG integration for better risk-adjusted returns and a broader field of sustainable finance that also includes impact investing, social finance and ethical investing. A key idea is that sustainable finance allows the financial system to connect with the economy and its populations by financing its agents in seeking a growth objective. The long-standing concept was promoted with the adoption of the Paris Agreement, Paris Climate Agreement, which stipulates that parties must make "finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development." In addition, sustainable finance has a key role to play in the ...
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Potsdam Institute For Climate Impact Research
The Potsdam Institute for Climate Impact Research (PIK, ) is a German government-funded research institute addressing crucial scientific questions in the fields of global change, climate impacts, and sustainable development. Ranked among the top environmental think tanks worldwide, it is one of the leading research institutions and part of a global network of scientific and academic institutions working on questions of global environmental change. It is a member of the Leibniz Association, whose institutions perform research on subjects of high relevance to society. History PIK was founded in 1992 by Hans Joachim Schellnhuber, who became the institute's first director. In 2018 he was succeeded by two joint directors—the climate economist Ottmar Edenhofer, and Earth scientist Johan Rockström, formerly director of the Stockholm Resilience Centre. About 400 people work at the institute that is located on Potsdam's historic Telegrafenberg. Researchers from the natural and ...
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Banco Central De Costa Rica
The Central Bank of Costa Rica () is the central bank of Costa Rica. Scope In pursuit of its mission, and to maintain the economy’s internal and external balance, the goals and operating objectives of the Central Bank of Costa Rica are as follows: * Maintain internal stability of the national currency, seeking to turn the full employment of productive resources. * Maintain external stability of the national currency and ensure their free conversion to other currencies. * Promote a stable system of financial intermediation, efficient and competitive. Similar to other Central Banks in the world, the functions of Central Bank of Costa Rica include providing banking services to the Government of Costa Rica and financial institutions, issuing the domestic currency, regulating commercial banks and other financial institutions, providing economic advice to the Government, conducting research and publishing information on monetary and other economic developments. Only notes and coins ...
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Economic Sector
One classical breakdown of economic activity distinguishes three sectors: * Primary: involves the retrieval and production of raw materials, such as corn, coal, wood or iron. Miners, farmers and fishermen are all workers in the primary sector. * Secondary: involves the transformation of raw materials or intermediate goods into goods, as in steel into cars, or textiles into clothing. Builders and dressmakers work in the secondary sector. * Tertiary: involves the supplying of services to consumers and businesses, such as babysitting, cinemas or banking. Shopkeepers and accountants work in the tertiary sector. In the 20th century, economists began to suggest that traditional tertiary services could be further distinguished from "quaternary" and quinary service sectors. Economic activity in the hypothetical quaternary sector comprises information- and knowledge-based services, while quinary services include industries related to human services and hospitality. Economic theor ...
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Special Report On Global Warming Of 1
Special or specials may refer to: Policing * Specials, Ulster Special Constabulary, the Northern Ireland police force * Specials, Special Constable, an auxiliary, volunteer, or temporary; police worker or police officer * Special police forces Military * Special forces * Special operations Literature * ''Specials'' (novel), a novel by Scott Westerfeld * ''Specials'', the comic book heroes, see ''Rising Stars'' (comic) Film and television * Special (lighting), a stage light that is used for a single, specific purpose * ''Special'' (film), a 2006 scifi dramedy * ''The Specials'' (2000 film), a comedy film about a group of superheroes * Special 26, a 2013 Indian Hindi-language period heist thriller film * ''The Specials'' (2019 film), a film by Olivier Nakache and Éric Toledano * Television special, television programming that temporarily replaces scheduled programming * ''Special'' (TV series), a 2019 Netflix Original TV series * ''Specials'' (TV series), a 1991 TV se ...
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Paris Agreement
The Paris Agreement (also called the Paris Accords or Paris Climate Accords) is an international treaty on climate change that was signed in 2016. The treaty covers climate change mitigation, adaptation, and finance. The Paris Agreement was negotiated by 196 parties at the 2015 United Nations Climate Change Conference near Paris, France. As of February 2023, 195 members of the United Nations Framework Convention on Climate Change (UNFCCC) are parties to the agreement. Of the three UNFCCC member states which have not ratified the agreement, the only major emitter is Iran. The United States, the second largest emitter, withdrew from the agreement in 2020, rejoined in 2021, and announced its withdrawal again in 2025. The Paris Agreement has a long-term temperature goal which is to keep the rise in global surface temperature to well below above pre-industrial levels. The treaty also states that preferably the limit of the increase should only be . These limits are defin ...
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Nationally Determined Contributions
The nationally determined contributions (NDCs) are commitments that countries make to reduce their greenhouse gas emissions as part of climate change mitigation. These commitments include the necessary policies and measures for achieving the global targets set out in the Paris Agreement. The Paris Agreement has a long-term temperature goal which is to keep the rise in global surface temperature to well below above pre-industrial levels. The treaty also states that preferably the limit of the increase should only be . To achieve this temperature goal, greenhouse gas emissions should be reduced as soon as, and by as much as, possible. To stay below 1.5°C of global warming, emissions need to be cut by roughly 50% by 2030. This figure takes into account each country's documented pledges or NDCs. NDCs embody efforts by each country to reduce national emissions and adapt to the impacts of climate change. The Paris Agreement requires each of the 195 Parties to prepare, communicate and ...
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Politics Of Climate Change
The politics of climate change results from different perspectives on how to respond to climate change. Global warming is driven largely by the Greenhouse gas emissions, emissions of greenhouse gases due to human economic activity, especially the burning of fossil fuels, certain industries like cement and steel production, and Land-use change, land use for agriculture and forestry. Since the Industrial Revolution, fossil fuels have provided the main source of energy for Human development (economics), economic and technological development. The centrality of fossil fuels and other emission intensity, carbon-intensive industries has resulted in much resistance to climate friendly policy, despite Scientific consensus on climate change, widespread scientific consensus that such policy is necessary. Climate change History of climate change policy and politics, first emerged as a political issue in the 1970s. Efforts to Climate change mitigation, mitigate climate change have been prom ...
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Journal Of Financial Stability
The ''Journal of Financial Stability'' is a bimonthly peer-reviewed academic journal on financial crises and stability. It is published by Elsevier and the editor-in-chief is Iftekhar Hasan (Fordham University). It was established in 2004. Abstracting and indexing The journal is abstracted and indexed in: *Social Sciences Citation Index *Scopus *EconLit * RePEc According to the ''Journal Citation Reports'', the journal has a 2020 impact factor The impact factor (IF) or journal impact factor (JIF) of an academic journal is a type of journal ranking. Journals with higher impact factor values are considered more prestigious or important within their field. The Impact Factor of a journa ... of 3.727. References External links * Finance journals English-language journals Bimonthly journals Academic journals established in 2004 Elsevier academic journals {{finance-journal-stub ...
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ETH Zurich
ETH Zurich (; ) is a public university in Zurich, Switzerland. Founded in 1854 with the stated mission to educate engineers and scientists, the university focuses primarily on science, technology, engineering, and mathematics. ETH Zurich ranks among Europe's best universities. Like its sister institution École Polytechnique Fédérale de Lausanne, EPFL, ETH Zurich is part of the ETH Domain, Swiss Federal Institutes of Technology Domain, a consortium of universities and research institutes under the Swiss Federal Department of Economic Affairs, Education and Research. , ETH Zurich enrolled 25,380 students from over 120 countries, of which 4,425 were pursuing doctoral degrees. Students, faculty, and researchers affiliated with ETH Zurich include 22 Nobel Prize, Nobel laureates, two Fields Medalists, three Pritzker Architecture Prize, Pritzker Prize winners, and one Turing Award, Turing Award recipient, including Albert Einstein and John von Neumann. It is a founding member o ...
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Climate Analytics
Climate is the long-term weather pattern in a region, typically averaged over 30 years. More rigorously, it is the mean and variability of meteorological variables over a time spanning from months to millions of years. Some of the meteorological variables that are commonly measured are temperature, humidity, atmospheric pressure, wind, and precipitation. In a broader sense, climate is the state of the components of the climate system, including the atmosphere, hydrosphere, cryosphere, lithosphere and biosphere and the interactions between them. The climate of a location is affected by its latitude, longitude, terrain, altitude, land use and nearby water bodies and their currents. Climates can be classified according to the average and typical variables, most commonly temperature and precipitation. The most widely used classification scheme is the Köppen climate classification. The Thornthwaite system, in use since 1948, incorporates evapotranspiration along with temperature ...
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Macroeconomic
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study topics such as output/ GDP (gross domestic product) and national income, unemployment (including unemployment rates), price indices and inflation, consumption, saving, investment, energy, international trade, and international finance. Macroeconomics and microeconomics are the two most general fields in economics. The focus of macroeconomics is often on a country (or larger entities like the whole world) and how its markets interact to produce large-scale phenomena that economists refer to as aggregate variables. In microeconomics the focus of analysis is often a single market, such as whether changes in supply or demand are to blame for price increases in the oil and automotive sectors. From introductory classes in "principles of economics" through doctora ...
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