Our monthly round-up of news, ideas and initiatives related to transforming the UK financial system for people and planet, compiled by the Lab’s CEO, Jesse Griffiths.
Climate risks rising
Central bankers believe climate change creates major economic and financial risks – and threatens price stability. Climate litigation risks are a reality for banks and insurers, and the list of uninsurable assets keeps growing. Meanwhile fewer than 1% of climate transition plans are credible. So perhaps there will be a climate ‘Minsky moment’?
What is the landscape of climate finance?
G20 public development banks could boost renewables investment by £28bn per year by switching funding from fossil fuel finance.
A new Solar Saver scheme to save households £250 a year with no upfront cost.
Here are ten principles for a globally just and equitable transition to renewables.
High pay, low standards
CEO:worker pay reaches 130:1 – final report from the High Pay Centre. Private equity has become a billionaire factory. And the world’s ultra wealthy are set for further equality-busting growth.
Britain is a corrupt country, and we’re not doing so well at prosecuting economic crime. Here’s a host of short videos on Britain’s Dirty Money problem. So let’s strengthen plans for a money-laundering super-regulator.
lots for the government to do
Why (and how) government should ‘guide’ credit in the economy and not be so worried about the bond market.
Who do we owe the national debt to, and does it matter?
How public investment could boost different sectors of the economy.
A new study shows how little we regulated finance after the GFC. Has the Financial Policy Committee taken its eye off the crisis-ball?
The Treasury Select Committee’s review of the government’s financial inclusion strategy is worth a read.
Pensions UK has some sensible pensions reform ideas – so why are we subsidising the wealthiest savers and asking for nothing in return?
and also….
Here’s a new AI in financial services newsletter.
How much has the extreme heat cost the UK economy?
British households’ dependence on gas is a national security issue.
Happy 40th birthday, NEF.