Green Central Banking·4 min read·hard
Climate litigation risk already here for banks and insurers, says ECB legal chief
I
Ingrid Walker
✦AI Summary
The European Central Bank warns that climate litigation is becoming a material financial risk for banks and insurers. Data shows a significant rise in climate-related legal cases globally, impacting regulatory enforcement and balance sheets.
Climate litigation is no longer a hypothetical risk, but a rapidly materialising one, the London School of Economics’ ninth annual snapshot of the state of play in climate litigation shows.
climateeconomybusiness
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