Friday, September 29, 2023
  • Login
The Southern African Times
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • Shop
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • Shop
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
The Southern African Times
No Result
View All Result
Home Business

Bank of Japan head warns of climate threat to global economy

by SAT Reporter
October 8, 2020
in Business, International news, Just In
0
Bank of Japan head warns of climate threat to global economy
0
VIEWS

TOKYO, (The Southern African Times) –  Bank of Japan (BOJ) Gov. Haruhiko Kuroda said on Wednesday climate change is among the biggest challenges facing the global economy, joining a growing debate about how policymakers should address the growth risks posed by global warming.

Kuroda, former head of the Asian Development Bank, said some regions in Asia are particularly vulnerable to the economic consequences of natural disasters resulting from climate change.

“Climate change, how to realize a green economy, these issues are really huge and I must say the most challenging issues faced by the global economy,” Kuroda said in a virtual meeting of the US National Association for Business Economics.

Central banks around the world have recently raised their awareness on the financial and economic risks posed by extreme weather, but the topic is rarely addressed by BOJ policymakers.

The global community must offer aid to smaller island economies vulnerable to rising sea levels, while striving to develop alternative energy and reduce greenhouse gas emissions, said Kuroda.

“These kinds of efforts are needed not only in developed economies, but developing and emerging economies,” he said. The financial sector must also step up efforts to make the banking system more robust and resilient to risks from climate change, Kuroda said.

In a report issued in January, the Bank for International Settlements warned of the potentially huge effects of climate change on the world’s financial system.

The European Central Bank said last month it will from next year accept as collateral green bonds with payouts linked to sustainability targets.

The BOJ has in place a lending facility that offers cheap funds to commercial banks that extend loans to businesses with growth potential, including environmentally friendly projects.

But Kuroda has said the BOJ has no plans, for now, to buy green bonds, a category of fixed-income securities that raise capital for projects with environmental benefits.

Previous Post

The biggest risks to South Africa right now: Reserve Bank

Next Post

Zimbabwe to Modernise Agriculture with Investment from Belarus

SAT Reporter

Related Posts

Tanzania Extends Welcome to Chinese Investors to Fuel Industrialisation Drive
Business

Tanzania Extends Welcome to Chinese Investors to Fuel Industrialisation Drive

by SAT Reporter
September 27, 2023
Avian Flu Ravages South Africa’s Poultry Industry, Threatening Soaring Costs
Business

Avian Flu Ravages South Africa’s Poultry Industry, Threatening Soaring Costs

by SAT Reporter
September 27, 2023
Zambian Neobank Lupiya Secures $8.25 Million in Series A Funding to Drive Financial Inclusion in Africa
Business

Zambian Neobank Lupiya Secures $8.25 Million in Series A Funding to Drive Financial Inclusion in Africa

by SAT Reporter
September 19, 2023
G20 Set to Grant Permanent Membership to African Union
Business

G20 Set to Grant Permanent Membership to African Union

by SAT Reporter
September 8, 2023
Transforming Public Fund Management: A Beacon of Hope in South Africa
Business

Transforming Public Fund Management: A Beacon of Hope in South Africa

by SAT Reporter
September 6, 2023
Next Post
Zimbabwe to Modernise Agriculture with Investment from Belarus

Zimbabwe to Modernise Agriculture with Investment from Belarus

Browse by Category

  • African Continental Free Trade Area
  • African Debt
  • African Start ups
  • Algeria
  • All News
  • Analysis
  • Angola
  • Asia
  • Botswana
  • BOTSWANA
  • BRICS
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • CRYPTOCURRENCY
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Economy
  • Education
  • Egypt
  • Energy
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Feature
  • Finance
  • Food
  • Food and Drink
  • Foods
  • GABON
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Niger
  • niger
  • Nigeria
  • North Africa
  • North-Eastern Africa
  • Opinion
  • Politics
  • Property
  • Racism
  • Rwanda
  • SAT Jobs
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Sudan
  • Sustainablity
  • Tanzania
  • Technology
  • Telecommunications
  • The Power Of She
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa News african footballer African investments african markets African news African start-up Agriculture banking Business China Classic Climate change Content currency economy Explore Bali Finance football Investment Kenya Life Style Markets Market Stories Nigeria oil and gas Opinion Pandemic Politics Premium Russia South Africa Southern African News sports Stay Home technology Travel United Kingdom United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • Shop
  • About Us
    • Advertise with Us
    • Contact Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist