Mobilising private institutional investors to fund global biodiversity goals has become a hegemonic narrative within environmental policy and sustainable finance circles. We challenge its underlying economic assumptions and question the deprioritisation of direct public investment in nature....

Climate-related financial risks (CRFR) pose unique challenges for capital requirements regulation. CRFR are forward looking, non-linear, systemic and endogenous – attributes that render quantitative estimates of physical and transition risk subject to radical uncertainty. CRFR are also...