A central bank that’s often lagged behind its global peers in developing a plan for policing risks related to climate change is now making its move. The US Federal Reserve announced they would facilitate a pilot climate scenario analysis that will be participated in by the six largest banks in the nation. This scenario analysis will assess the resilience of financial institutions under different hypothetical climate scenarios, helping firms and supervisors understand the climate-related financial risk that may manifest in the future. Read full article here
Technology
The First Solar-Powered Car Comes at a Hot Price
The Lightyear O is a revolutionary electric car powered by the sun. Developed by a Dutch startup, the four-door sedan has over 50 square feet of solar panels on its roof and hood, generating up to 43 miles of energy a day. With production now underway in Finland, the car does come with a hefty price tag at $262,000, but the company hopes to introduce a more affordable version, the Lightyear 2, by 2025. Read full article here
Merv
January 27, 2023
