ECB official warns climate crisis poses growing threat to ‘core financial stability’
A senior European Central Bank official has warned that the climate crisis and the degradation of nature pose a significant threat to global financial stability. The ECB is increasing its monitoring of how the collapse of ecosystem services impacts bank risk profiles.
A man inspects damage to his property in an area scorched by a wildfire near Vila Vella, Spain. A man inspects damage to his property in an area scorched by a wildfire near Vila Vella, Spain. Economics ECB official warns climate crisis poses growing threat to ‘core financial stability’ Exclusive: As wildfires rage, Frank Elderson says more work needed to assess risk from collapse of ecosystem services
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in