Michelle Underwood searches through the wreckage of a feed store where she stored most of her belongings in Peggs, Okla., Tuesday, May 21, 2019. (Mike Simons/Tulsa World via AP)
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A century ago, the main industry in Bahrain was pearl diving.Global disasters cost us $160 billion last year alone and devastated infrastructure.Every single country on the planet agreed to the Sustainable Development Goals, and broad support for the Paris Agreement points to an overwhelming international backing for climate action.But while the world rallies and public awareness rises, one of our biggest deficits is economic support to generate the $5 trillion to $7 trillion each year to deliver the Sustainable Development Goals. Elevating green finance is not limited to the public sector.There is a "quiet revolution" happening in the financial system and there are three initiatives that demonstrate the truly global nature of this trend. Today, over 70 percent of global investment and 25 percent of global insurance falls under the remit of these principles.Old and august institutions like central banks and finance ministries are drawing up innovative frameworks to green the financial system.
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