The Bank of England (BofE) is looking for secondary schools and colleges from Daventry to take part in their annual school blog competition which they run in conjunction with the Financial Times.
"We’re concerned about climate change. Its impact is already visible: glaciers are shrinking, sea levels rising and heatwaves are intensifying. And a threat to the environment is also a threat to the economy.
Climate change, and society’s response to it, presents risks that could impact our monetary and financial stability objectives. Financial and economic risks can arise from events such as floods and droughts, e.g. insurance firms facing higher claims. Such risks can also arise in the transition to a low-carbon economy, like changes in government policy and technology."
For their competition, BofE want students to explain, in no more than 500 words, what could be done to mitigate those risks. They may want to consider the roles played by government, companies, regulators and/or investors. Their arguments should be backed up by sound reasoning and, if possible, relevant data.
The winning blogs will be published on Bank Underground and the FT online.
The competition last year was based on the theme ‘the future of money’. You can read the winning blogs on Bank Underground.
If you work in a secondary school in Daventry, I would urge you to have a look at enrolling your students in this competition.
Further details can be found on their webpage or email the team at education.programme@bankofengland.co.uk if you have any questions.