Moriah Costa

Paris

Freelance Journalist at Freelance

Planning to write that novel one day. Financial journalist by day and an artist by night. Words in Business Insider, The Guardian, Hidden Compass, and more.

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Articles

Lagarde: more blue financing needed to protect oceans

1 week ago | greencentralbanking.com | Moriah Costa

More blue financing is needed to protect marine life and coasts, as the ocean is a vital part of the world’s economy, European Central Bank (ECB) president Christine Lagarde has said. “We rely on the ocean for climate stability and economic prosperity, yet we are fuelling a climate crisis that threatens to undermine the very system we depend on. We cannot let that happen,” she said during a special event at the UN Ocean Conference in Nice last week.
EU and US noticeably absent from ISSB standards profiles

1 week ago | greencentralbanking.com | Moriah Costa

More countries have either adopted or intend to adopt the International Sustainability Standards Board (ISSB) guidelines, as more investors and regulators have recognised the importance of internationally standardised climate reporting, especially in Asia, Africa and Latin America.
US insurers are taking note of climate change risks, report finds

2 weeks ago | greencentralbanking.com | Moriah Costa

US insurers have made progress on reporting their climate change risk management process, even as financial regulators have pulled back on climate risk disclosures amid a general backlash against green policies by the Trump administration. With an estimated US$182.7bn in climate-related damages in 2024, US insurers seem to be taking note of the potential impact climate change poses to the industry.
Insurance losses from climate change could impact wider economy, ECB warns

2 weeks ago | greencentralbanking.com | Moriah Costa

Insurance firms are at increasing risk from the physical risks of climate change which could become a source of systemic risk, the European Central Bank (ECB) warned in its latest financial stability report. Natural disasters have resulted in a preliminary estimate of €30bn in economic losses in 2024. Only €13bn was insured, the central bank noted. Historically, most economic losses in the euro area have been uninsured.
How China's green ambitions play out in financial practices

3 weeks ago | climateandcapitalmedia.com | Moriah Costa

In the second part of this two-part profile, we look at how China is taking the lead on green finance regulation and the role its central bank has played. Read part one. With China’s government setting clear goals on curbing emissions and tackling climate change, green financial regulation has become a huge focus for its central banks and regulators.
Australian government juggles climate transition with support for gas projects

3 weeks ago | greencentralbanking.com | Moriah Costa

Australia’s landslide vote for the Labor Party in early May has given the government a clear mandate to tackle climate change as it makes a bid with Pacific countries to host Cop31 in 2026. More public spending to support the renewable energy transition is expected, even as the government conditionally approved an extension to 2070 of one of the biggest liquefied natural gas projects in the world. Australia is one of the biggest exporters of natural gas in the world.
Roundup: BoE needs to 'stay in its lane' on net zero, says deputy governor

1 month ago | greencentralbanking.com | Moriah Costa

A Bank of England official says the central bank needs to stay in its “swim lane” regarding net zero while Asia’s share of renewable energy is growing even as the global outlook on climate action remains uncertain. And the ECB’s Frank Elderson says the EU’s simplification push could increase costs for banks. All this and more in the latest roundup.
How China presses ahead as climate leader, even as the West wobbles

1 month ago | climateandcapitalmedia.com | Moriah Costa

Plotting out long-term goals with policy support has put the country on a steady transition trajectory In the first of a two-part profile of the world’s second-largest economy, the reasons for China’s lead on green finance and regulation come under the microscope. As the US pulls back from its climate policies, China is looking to become a leader in the energy transition and has already taken steps to expand its influence on green finance.
EU regulators warn omnibus proposal could increase financial risk

1 month ago | finance.einnews.com | Moriah Costa

The EU’s sustainable omnibus package promises to simplify climate reporting requirements for companies, reducing the scope for 80% of firms. But some financial regulators and experts are concerned the proposed changes would increase economic risk and make it more difficult to invest in green projects. The European Central Bank (ECB) has cautioned the EU from drastically reducing the scope of the corporate sustainability reporting (CSRD) and due diligence directives (CSDDD).
EU regulators warn omnibus proposal could increase financial risk

1 month ago | greencentralbanking.com | Moriah Costa

The EU’s sustainable omnibus package promises to simplify climate reporting requirements for companies, reducing the scope for 80% of firms. But some financial regulators and experts are concerned the proposed changes would increase economic risk and make it more difficult to invest in green projects. The European Central Bank (ECB) has cautioned the EU from drastically reducing the scope of the corporate sustainability reporting (CSRD) and due diligence directives (CSDDD).