The Federal Reserve, the largest central bank in the world, has announced it is joining the Network of Central Banks & Supervisors for Greening the Financial System.
Network For Greening The Financial System
Sustainable Banking Network
Task Force On Climate Related Financial Disclosures
IFC – Green Banking Academy
1. More On The International Banking Cartel
For more on the banking cartel, check this page. The Canadian Government, like so many others, has sold out the independence and sovereignty of its monetary system to foreign interests. BIS, like its central banks, exceed their agenda and try to influence other social agendas. See who is really controlling things, and the common lies that politicians and media figures tell. Now, the bankers work with the climate mafia and pandemic pushers to promote their mutual goals of control and debt slavery.
2. Debunking The Climate Change Scam
The entire climate change industry, (and yes, it is an industry) is a hoax perpetrated by the people in power, run by international bankers. Plenty has also been covered on the climate scam, the propaganda machine in action, and some of the court documents in Canada. Carbon taxes are just a small part of the picture, and conservatives are intentionally sabotaging their court cases.
3. U.S. Federal Reserve Joins The NGFS
The Federal Reserve Board announced on Tuesday that it has formally joined the Network of Central Banks and Supervisors for Greening the Financial System, or NGFS, as a member. By bringing together central banks and supervisory authorities from around the world, NGFS supports the exchange of ideas, research, and best practices on the development of environment and climate risk management for the financial sector. The Board began participating in NGFS discussions and activities more than a year ago.
“As we develop our understanding of how best to assess the impact of climate change on the financial system, we look forward to continuing and deepening our discussions with our NGFS colleagues from around the world,” said Federal Reserve Board Chair Jerome H. Powell.
On December 15, the Federal Reserve announced it was joining the NGFS, the Network for Greening the Financial System. This makes is the last major central bank to do so. The rationale for all of this is that stopping climate change is necessary to stabilizing monetary systems.
4. Sustainable Banking Network
The Sustainable Banking Network (SBN) is a unique, voluntary community of financial sector regulatory agencies and banking associations from emerging markets committed to advancing sustainable finance in line with international good practice. It is a platform for knowledge sharing and capacity building that facilitates the mobilization of practical support for members to design and implement national sustainable finance policies and principles.
The 41 member-countries represent US$43 trillion (86 percent) of the total banking assets in emerging markets. SBN members are committed to moving their financial sectors towards sustainability, with the twin goals of improved Environmental, Social and Governance (ESG) risk management (including disclosure of climate risks) and increased capital flows to activities with positive climate impact.
This is a group of banking associations and regulatory agencies who fully support the climate change agenda. They want to work it into every aspect of banking.
5. Climate Related Financial Disclosures
Climate change poses both risks and opportunities for business, now and in the future. As the Earth’s temperature rises, increasingly common natural disasters are disrupting ecosystems and human health, causing unanticipated business losses, and threatening assets and infrastructure. In response, governments and private sector entities are considering a range of options for reducing global emissions, which could result in disruptive changes across economic sectors and regions in the near term.
Currently, however, investors, lenders, and insurers don’t have a clear view of which companies will endure or even flourish as the environment changes, regulations evolve, new technologies emerge, and customer behavior shifts — and which companies are likely to struggle.
Without reliable climate-related financial information, financial markets cannot price climate-related risks and opportunities correctly and may potentially face a rocky transition to a low-carbon economy, with sudden value shifts and destabilizing costs if industries must rapidly adjust to the new landscape.
The goal here, as the name implies, is to make “carbon and environmental costs” a part of all major business decisions, and to have the impacts released to the public. Think of it as a social credit score, just with carbon credits.
6. Int’l Finance Corp: Green Banking Academy
What is IFC’s Green Banking Academy?
Our Green Banking Academy (IFC-GBAC) is a knowledge and capacity-building initiative of IFC’s Financial Institutions Group. IFC has more than 20 years’ experience in the climate business.
What do we offer?
IFC-GBAC supports Latin American and Caribbean banks with specialized advice and training to accelerate their green transformation, strengthen their businesses, and enable them to contribute to a more sustainable world.
IFC-GBAC is focused on the knowledge needs of banks and bankers. Academic content is customized to specific types of banking professionals, including C-level executives, product specialists, credit and risk officers, the sales force, and more.
Climate change is not only a global challenge; it is also a business opportunity.
In Latin America and the Caribbean alone, climate investment is estimated to have a potential value of $2.6 trillion through 2030. IFC’s Green Finance Latin-America Report explored the challenges and opportunities in the space.
So-called “climate finance“, is the ideology of sinking money into green projects, regardless of whether or not they actually work. Industries that they don’t ideologically agree with are to be allowed to die off.
7. World Bank Partnerships
The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face.
Sounds so harmless, doesn’t it? The World Bank is involved in financing projects across the globe. Many of them involve the climate change agenda, and transferring wealth under various eco-programs.
The big take away from all of this is that there is no real separation between the banking system, and the climate change movement. In fact, bankers have realized that there is some real money to be made, all under the guise of environmentalism.