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In Senate Hearing, Economic Experts Warn Climate Crisis Could Spur Financial Crash Like 2008

DeSmogBlog

Read time: 6 mins Could the climate crisis precipitate a financial crash akin to or even greater than the one in 2008? With markets currently in turmoil due to the coronavirus pandemic, experts testified Thursday that there is high risk for an even larger economic crisis absent urgent climate policy.

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It's time for banks to take the next step on climate risk

GreenBiz

If banks don't integrate climate risk into oversight, expect a banking crisis that could overshadow what happened in 2008.m m crisis reminiscent of the 2008-09 mortgage crisis or worse.

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De Beers amasses biggest diamond stockpile since 2008 financial crisis

Financial Times: Energy

Chinese demand has slumped as competition from lab-grown alternatives has increased

Demand 111
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State of the Profession 2022 Report

GreenBiz

What wasn’t clear was whether the pandemic would negatively affect corporate sustainability efforts in the same way as during the 2008 - 2009 financial crisis. In early 2020, as COVID-19 began to spread globally, it became clear that this pandemic would not be short-lived.

Politics 294
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BP, Shell, oil giants fund research into mobile carbon capture from ships at sea

GreenBiz

OGCI claims mobile carbon capture technologies aboard ships could help the global shipping sector reach its current climate target to cut emissions by 50 percent by 2050, from a 2008 baseline — a goal that has faced criticism from green groups for lacking ambition.

Carbon 392
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Edge Environment

GreenBiz

We were founded in 2008 and our teams are based in Australia, Chile, and the United States. Edge Environment. taylor flores. Wed, 07/14/2021 - 09:37. Edge is an international sustainability consultancy focused on serving clients based in Asia-Pacific and the Americas.

Ethics 272
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Sustainable infrastructure investments can aid the post-COVID recovery

GreenBiz

Countries around the globe are set to launch the biggest round of infrastructure investment since the post-2008 financial crisis stimulus measures. Before the shovels hit the dirt, it's worth understanding how the world of 2020 is different from the world of 2008. For example, since 2008, the percentage of U.S.