The Financial Sector Is Failing to Estimate Climate Risk, Say Two Groups in the UK

1 year ago 39

Economic models have been slow to grasp the potential damage of warming, which means companies and consumers often don’t realize their investments may be in danger.

By Dan Gearino

The financial sector is failing to grasp the risks of climate change to their customers and to the global economy, which has undercut the urgency to take action to reduce those risks by cutting emissions.

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