FSB warns of ‘breadth and magnitude’ of climate risks

Polluted city skyline

The “breadth and magnitude” of climate change-related risks could make them harder to manage than other risks, and more “pernicious”, the Financial Stability Board warns.

In a report exploring the financial stability implications of climate change, the FSB says it may be particularly difficult to prepare for climate risks given the uncertainty over their timing and magnitude.

Furthermore, the report warns, risks may cause investors to behave in ways that are destabilising, for instance

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