Explore the growing concerns over Significant Risk Transfers (SRTs) and their potential impact on financial stability, as global watchdogs raise alarms. Delve into the Biden administration's efforts to curb fossil fuel finance, aiming to secure a lasting climate legacy. Discover the U.S. Army's strides in financial transparency with its latest audit results. Finally, understand the UN's urgent call for G20 leaders to commit to climate finance for poorer nations, warning of 'economic carnage' if action is not...
Explore the growing concerns over Significant Risk Transfers (SRTs) and their potential impact on financial stability, as global watchdogs raise alarms. Delve into the Biden administration's efforts to curb fossil fuel finance, aiming to secure a lasting climate legacy. Discover the U.S. Army's strides in financial transparency with its latest audit results. Finally, understand the UN's urgent call for G20 leaders to commit to climate finance for poorer nations, warning of 'economic carnage' if action is not taken. This episode offers a comprehensive look at the critical intersections of finance, policy, and global stability.
Sources:
https://finance.yahoo.com/news/concerns-credit-risk-srts-growing-200000839.html
https://www.limaohio.com/top-stories/2024/11/16/biden-mulls-fossil-fuel-finance-curbs-that-could-outlast-trump/
https://www.army.mil/article/281378/army_releases_fiscal_year_2024_annual_financial_report_and_audit_results
https://www.theguardian.com/world/2024/nov/16/un-warns-of-economic-carnage-if-g20-leaders-cannot-agree-on-climate-finance-for-poor-countries
Outline:
(00:00:00) Introduction
(00:00:40) Concerns About Credit Risk in SRTs Are Growing
(00:03:42) Biden mulls fossil fuel finance curbs that could outlast Trump
(00:06:39) Army releases Fiscal Year 2024 Annual Financial Report and audit results
(00:10:05) UN warns of ‘economic carnage’ if G20 leaders cannot agree on climate finance for poor countries
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