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‘Uninsurable and Unhedgeable’: Central Banks Warn of Financial Crisis from Climate Change

  • DeSmogBlog faviconDeSmogBlog

    By Nick CunninghamJan 31, 2020, 2:45 pm251 pts
    photo of ‘Uninsurable and Unhedgeable’: Central Banks Warn of Financial Crisis from Climate Change imageRead time: 6 mins A future climate disaster, or “green swan” event, could bring down the global financial system, according to a new report from the Bank for International Settlements (BIS), an international financial organization that serves as a bank for central banks around the world. Tags:  climate…
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