Thread by @SAH16928046

Climate Economics and Finance are completely ignored by the private sector based financial sector and other economic sector participants.

The climate-related financial disclosures aka #TFCDs and other nudges, being promoted by different global financial institutions and economic blocs, have not yet reached many countries.

Most banks and other firms are now investing in climate-related risk modelling and stress testing.
Central Banks in the Third World should ask licensed banks to do the same to promote a Green, Clean, and Care Economy.

Additionally, #ESG ratings should be assigned to projects, lending, investments, funds, commercial activities, and firms engaged in the economy.

Also, the local governments should develop National Risk Registers, which would enable them to counter climate-related topographical risks, using modern #GIS Analytics, which would send disaster early warning signals, to mitigate the risks of flooding, etc.

Also, Govts should issue more GREEN and BLUE Bonds to raise money to fight climate change risks namely, transition risks and physical risks, and promote ecological friendly expenditures.

Additionally, the Ecological Financial Markets with climate risk transfer products and mechanisms should be set up to develop a Sustainable and Responsible Financing Modus Operandi,

which will increase awareness, set carbon targets for all sectors of the economy, reduce Green Houses Gases, and ultimately reduce our overall #Emissions (CO2) Footprint.

Carbon-based pricing via taxation should also be inculcated within the framework of the fiscal policy mix to reduce negative #externalities.

Many reservations are that Climate Risk-Related Modelling and other taxonomy should not fall into the same trap as FRM Financial Risk Modelling has, over the years, which has destroyed the reputation of risk managers across a wide variety of sectors.
Correlations are not Causal

This thread is from a "Third World" Perspective!