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ECB official warns climate crisis poses growing threat to ‘core financial stability’
An ECB official warns that the climate crisis poses a growing risk to core financial stability, highlighting the urgent economic impacts seen from recent wildfires in France and Spain. The ECB is set to evaluate how ecosystem damage could a...
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An ECB official warns that the climate crisis poses a growing risk to core financial stability, highlighting the urgent economic impacts seen from recent wildfires in France and Spain. The ECB is set to evaluate how ecosystem damage could affect banks' credit risks. Full story and more reels: https://newsreel.video #news #breaking #ECB #climatecrisis #financialstability #ecosystem #wildfires
Originally reported by The Guardian.
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