Climate risks may be uninsurable – DNB’s Elderson
NGFS chairman calls on the implementation of a carbon tax to help mitigate these risks
Climate risks may become so great in coming years that they are uninsurable by life and health insurance companies, warns the Netherlands Bank’s Frank Elderson.
The chairman of the Network for Greening the Financial System highlighted mounting financial risks derived from climate change in a speech on November 19.
Elderson pointed out 18 of the 19 hottest years on record have all been this century. “You all will have seen the images of flooded Venice, where San Marco Square is now completely
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