Climate

IATP reacts to FAO’s Achieving SDG2 without Breaching the 1.5C Threshold: A Global Roadmap

MINNEAPOLIS—Today, in response to the launch of the United Nations Food and Agriculture Organization (FAO)’s launch of its anticipated Roadmap to achieving SDG2 without breaching the 1.5˚ C Threshold: A Global Roadmap, Institute for Agriculture and Trade Policy Executive Director Sophia Murphy, Ph.D., issued the following statement:

Preventing failure by strengthening risk management program requirements

Unfortunately, risk management programs usually make news only when they fail. For example, a bank takes on too much risky debt and/or uninsured deposits. The bank’s risk management program fails to stop the buildup of unsustainable risks. The bank’s regulator intervenes only when it’s too late, shutting down the bank and forcing the sale of its assets and liabilities.