Carbon Leakage quantifies an increase in greenhouse gas emissions in one country as a result of an emissions reduction by a second country with stricter climate change mitigation policies.
In other words, hiding the trash under the carpet and claiming the moral high ground.
The portrait of Hans Stegeman, a leading Dutch economist active in #sustainablefinance currently chief economist by #triodosbank
(podcast hosted on Spotify and in Dutch)
Celebrating today the fourth #equinox for the Equinox platform, an #opensource project to help the task of sustainable portfolio management be as simple, transparent and low-cost as possible.
Use it, fork it, like it, contribute, spread the word.
The history of money took a decisive turn towards abstraction #onthisday in 1968, when U.S. Congress repealed the requirement for a gold reserve to back US currency
Rapid digitization since then has vastly expanded the potential forms of money
#sustainablefinance
en.wikipedia.org/wiki/Gold_st...
Gold standard - Wikipedia
The #Python language is a true catalyst, making numerically intensive #datascience tasks more far approachable than before.
Economic input-output analysis is one such domain, enabled by the Python Pymrio package which can fetch and process large EEIO databases.
An Open Risk Academy course provides a step-by-step introduction to its use:
https://www.openriskacademy.com/course/view.php?id=64
The course repo: https://github.com/Open-Risk-Academy/Academy-Course-SFI32064
The pymrio repo: https://github.com/IndEcol/pymrio
"Holistic Thinking" and "Connecting the Dots" in #sustainablefinance is easier said than done.
Economic Input-Output analysis is one practical tool that links monetary flows between sectors and regions to environmental impact.
The free online Open Risk Academy course "Input-Output Model Interactivities" provides a gentle introduction.
"Pecunia non olet" is a Latin phrase (AD 70) that means "money does not stink". Ever since, finance thrived in the simplicity of "shedding odors".
#sustainablefinance is more complex - and still WIP: It aims to irrevocably link money to ground truth, whatever that is.
What if we extend the meaning of money to consistently and automagicaly keep track of real world impacts? In this paper we develop generalized double-entry balance constraints that extend conventional financial statements.
https://www.openriskmanagement.com/deep-linking-financial-and-energy-accounting/
Your contribution can go a long way. Support the maintenance and further development of the Open Risk Manual and the Open Risk Academy as public and free to use resources
https://buy.stripe.com/fZe01M5QK2aY97q8ww
Or directly sponsor any of our software projects on Github:
https://www.openriskmanual.org/wiki/Main_Page
New UK-Based Climate Group Emerges as Banks Retreat https://www.byteseu.com/761793/ #AlokSharma #Bloomberg #CleanEnergyTransition #Climate #ClimateAction #ClimateChange #DavidAttenborough #DonaldTrump #Finance #FinancialInstitutions #GlasgowFinancialAllianceForNetZero #GlobalWarming #MarkCarney #MemberOfTheUKParliament #SustainableFinance #UK
Our #sustainablefinance subreddit has just reached 10000 members!
A miniscule fraction of this are actually active users but still a decent number amidst the gloom that striving for sustainability was a fad that wont survive the Trump era.
What Can We Learn From Random Walks on Input-Output Tables?
In this post we elaborate on the insights we can derive when using well established Environmentally-Extended Input-Output frameworks in a slightly different manner: as the canvas for monetary random walks "following the money"
#sustainablefinance
#riskmanagement
https://www.openriskmanagement.com/what-can-we-learn-from-random-walks-on-input-output-tables/
Every day is an #InternationalEducationDay
at the Open Risk Academy. A range of free online resources spanning topics from #datascience
to #riskmanagement
and from #financialliteracy
to #sustainablefinance
Aiming to break down and make accessible technical concepts using #opensource
tools.
Gemeinsam für eine genossenschaftliche, nachhaltige Finanzwelt 
Félix, Mitglied der ver.de Genossenschaft, bringt es auf den Punkt: In Angesicht all der aktuellen Krisen ist es wichtig, aktiv zu werden. Wie wir das angehen? Erfahre mehr: www.geno.ver.de
Hast Du weitere Ideen, wie wir uns alle für eine nachhaltige, demokratische und bunte Zukunft einsetzen können? 
Many of our Open Risk Academy courses on #riskmanagement and #sustainablefinance have associated repositories with code / solutions to the proposed exercises.
Umm, not exactly an artistic portfolio, but equinox is an #opensource platform for sustainable portfolio management 
It is part of the portfolio of tools covering different aspects of #sustainablefinance and #riskmanagement
The 16th edition of the Institute for Social Banking (ISB) Summer School (co-partnered by #GLSBank @glsbank focuses on Finance for a Regenerative Future. June 29 - July 4, 2025 | Bochum, Germany
#sustainablefinance
#riskmanagement
https://www.social-banking.org/education/international-summer-school-2025/
In the latest Open Risk white paper we explore how to organize Environmentally-Extended Input-Output frameworks, and in particular Supply and Use Tables as graphs and then we translate "Follow the Money" into a random walk process
https://www.openriskmanagement.com/random_walks_on_supply_and_use_graphs/
OECD's New Climate Adaptation Investment Framework
#sustainablefinance
https://www.oecd.org/en/publications/2024/11/climate-adaptation-investment-framework_30362f60.html
