Policy and Regulation

Bank of England given dire warning on climate risk

LONDON, ENGLAND – OCTOBER 20: The Bank of England on Threadneedle Street on October 20, 2022 in London, England. (Photo by Matthew Horwood/Getty Images)

An open letter addressed to the UK’s central bank offers a warning on – and solution to – the “finance-climate doom loop” threatening economic stability.

Climate change poses a “grave and growing threat to the financial system and macroeconomic stability”, wrote think-tanks, academics and the CEO of sustainability-focused bank Triodos ...

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