DNB CEO warns Paris climate goals are virtually unachievable
What happened
Olaf Sleijpen was appointed CEO of De Nederlandsche Bank. In his capacity as chair of the Network for Greening the Financial System, Sleijpen warned that the goal of limiting global warming to 1.5 degrees, set in the Paris Agreement, is now virtually unachievable. He stated that the remaining carbon budget consistent with the 1.5°C limit is almost exhausted, making a significant overshoot likely within the next decade.
From nltimes.nl
Why it matters
Sleijpen noted that the cost of climate change and nature degradation is becoming apparent through the intensification of extreme weather events. He pointed to IPCC warnings that some consequences of current warming are already irreversible on human timescales, putting pressure on ecosystems and financial stability.
From nltimes.nl
Who's involved
- Olaf SleijpenNew CEO of De Nederlandsche Bank
- De Nederlandsche BankThe Netherlands' central bank
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- De Nederlandsche BankSpeculative
De Nederlandsche Bank could face increased costs related to managing climate-related risks to financial institutions.
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The entities involved
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De Nederlandsche Bank
The Netherlands' central bank
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Olaf Sleijpen
Dutch economist and professor
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