Earlier this month, Morgan Stanley announced that it had achieved a first among U.S. investment banking firms by joining the global steering committee of the Partnership for Carbon Accounting Financials (PCAF). In that role, the firm will lend its support in developing a methodology that will help global banks track and measure their climate change… Read More >>
CFTC to Explore Climate Change’s Financial Risks
As many parts of the U.S. and the rest of the world struggle with the effects of extreme weather, the CFTC through its Market Risk Advisory Committee (MRAC) will be exploring another aspect of climate change — the financial risks. The committee will hold a public meeting on Wednesday, June 12, at the CFTC’s headquarters… Read More >>
The Pope Takes On Cap-and-Trade
Buried in Pope Francis’s recent 184-page papal encyclical, “Laudato Si’,” on the many issues entangled in environmental and climate change concerns was an interesting swipe at cap-and-trade systems. To recap, earlier this month Pope Francis issued a position paper that The New York Times describes as “sweeping in ambition and scope” that focuses on the… Read More >>
