Central banks push green finance as global warming losses rise to $160 b

With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group, including 30 central banks, called for measures to spur green finance and better assessment of the risks from higher global temperatures. The move, led by the Bank of France, Bank of England and People’s Bank of China, draws the group deeper into a controversial area of policy-making, where they advocate funding for alternatives to fossil fuels. They set out a road-map for authorities to use in prodding executives and investment funds to weigh up…

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Obama announces his intent to nominate John B. King Jr. to officially take the role of education secretary

Senior Advisor Delegated the Duties of Deputy Secretary of Education John King, and Secretary of Education Arne Duncan, attend an awards ceremony at Patterson Elementary School, to honor students for increasing their school attendance rate and to announce a national initiative to address and eliminate chronic absenteeism. (Photo by Evelyn Hockstein/For The Washington Post) President Obama has nominated John B. King Jr. to officially lead the Department of Education, where he has served as acting secretary since the start of the year. Officials at the White House had said before the announcement…

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