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ECB's Schnabel: Climate change is an existential threat with large downside tail risks.

ECB's Schnabel: Climate change is an existential threat with large downside tail risks.
Climate-related and environmental risks (C&E risks) are now an important focal point for supervisorsClimate change constitutes an existential threat, implying large downside tail risks. Dealing with financial risks is the core of prudential supervision Physical climate risks tend to be correlated globallyThe economic consequences of physical climate risks could be mitigated by closing the large climate insurance protection gap.In the EU, only a quarter of losses caused by climate-related catastr... Read More
Posted: Sep 5 2023, 12:43
Author Name: forexlive
Views: 091937

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