{"id":88,"date":"2021-04-12T01:30:44","date_gmt":"2021-04-12T05:30:44","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/?post_type=chapter&#038;p=88"},"modified":"2022-07-14T19:27:21","modified_gmt":"2022-07-14T23:27:21","slug":"banking","status":"publish","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/chapter\/banking\/","title":{"raw":"Banking","rendered":"Banking"},"content":{"raw":"The banking sector also plays a central role in the economy. Banks facilitate the transfer of funds from those who save (depositors) to those in need of financial capital (in the form of loans and investments). By doing so, banks enable personal and corporate investment that contribute to demand and productivity growth.\r\n\r\nWatch the video below for a brief overview of climate-related risks to the banking system.\r\n\r\nhttps:\/\/mediaspace.royalroads.ca\/id\/0_a1evgsib\r\n<h6>Video attribution: \u201cClimate Change and the Banking Sector\u201d by\u00a0Todd Thexton,\u00a0Financial Impact of Climate Change,\u00a0<a href=\"https:\/\/adaptationlearningnetwork.com\/\" target=\"_blank\" rel=\"noopener\">Adaptation Learning Network<\/a>\u00a0is licensed under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/4.0\" target=\"_blank\" rel=\"noopener\">CC BY 4.0<\/a>.<\/h6>\r\nRead Section 3.3 Financial risks from climate change facing the UK banking sector (pp. 21 \u2013 37) in <a href=\"https:\/\/www.bankofengland.co.uk\/-\/media\/boe\/files\/prudential-regulation\/report\/transition-in-thinking-the-impact-of-climate-change-on-the-uk-banking-sector.pdf?la=en&amp;hash=A0C99529978C94AC8E1C6B4CE1EECD8C05CBF40D\" target=\"_blank\" rel=\"noopener\"><i>Transition in thinking: The impact of climate change on the UK banking sector.<\/i><\/a><i>\u00a0 <\/i>","rendered":"<p>The banking sector also plays a central role in the economy. Banks facilitate the transfer of funds from those who save (depositors) to those in need of financial capital (in the form of loans and investments). By doing so, banks enable personal and corporate investment that contribute to demand and productivity growth.<\/p>\n<p>Watch the video below for a brief overview of climate-related risks to the banking system.<\/p>\n<p><iframe loading=\"lazy\" id=\"kaltura_player\" title=\"Banking.mov\" src=\"https:\/\/api.ca.kaltura.com\/p\/143\/sp\/14300\/embedIframeJs\/uiconf_id\/23449610\/partner_id\/143?iframeembed=true&#38;playerId=kaltura_player&#38;entry_id=0_a1evgsib&#38;flashvars[leadWithHTML5]=true&#38;flashvars[streamerType]=auto&#38;flashvars[localizationCode]=en&#38;flashvars[sideBarContainer.plugin]=true&#38;flashvars[sideBarContainer.position]=left&#38;flashvars[sideBarContainer.clickToClose]=true&#38;flashvars[chapters.plugin]=true&#38;flashvars[chapters.layout]=vertical&#38;flashvars[chapters.thumbnailRotator]=false&#38;flashvars[streamSelector.plugin]=true&#38;flashvars[EmbedPlayer.SpinnerTarget]=videoHolder&#38;flashvars[dualScreen.plugin]=true&#38;flashvars[Kaltura.addCrossoriginToIframe]=true&#38;wid=0_d7k7krck\" width=\"400\" height=\"285\" allowfullscreen=\"allowfullscreen\" sandbox=\"allow-downloads allow-forms allow-same-origin allow-scripts allow-top-navigation allow-pointer-lock allow-popups allow-modals allow-orientation-lock allow-popups-to-escape-sandbox allow-presentation allow-top-navigation-by-user-activation\" frameborder=\"0\"><\/iframe><\/p>\n<h6>Video attribution: \u201cClimate Change and the Banking Sector\u201d by\u00a0Todd Thexton,\u00a0Financial Impact of Climate Change,\u00a0<a href=\"https:\/\/adaptationlearningnetwork.com\/\" target=\"_blank\" rel=\"noopener\">Adaptation Learning Network<\/a>\u00a0is licensed under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/4.0\" target=\"_blank\" rel=\"noopener\">CC BY 4.0<\/a>.<\/h6>\n<p>Read Section 3.3 Financial risks from climate change facing the UK banking sector (pp. 21 \u2013 37) in <a href=\"https:\/\/www.bankofengland.co.uk\/-\/media\/boe\/files\/prudential-regulation\/report\/transition-in-thinking-the-impact-of-climate-change-on-the-uk-banking-sector.pdf?la=en&amp;hash=A0C99529978C94AC8E1C6B4CE1EECD8C05CBF40D\" target=\"_blank\" rel=\"noopener\"><i>Transition in thinking: The impact of climate change on the UK banking sector.<\/i><\/a><i>\u00a0 <\/i><\/p>\n","protected":false},"author":120,"menu_order":4,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[48],"contributor":[],"license":[],"class_list":["post-88","chapter","type-chapter","status-publish","hentry","chapter-type-numberless"],"part":78,"_links":{"self":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/88","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/users\/120"}],"version-history":[{"count":6,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/88\/revisions"}],"predecessor-version":[{"id":304,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/88\/revisions\/304"}],"part":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/parts\/78"}],"metadata":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/88\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/media?parent=88"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapter-type?post=88"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/contributor?post=88"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/license?post=88"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}