Banks Ignore Transition Risk at Their Own Peril, ECB Warns
Also in today’s Green Daily: Davos downplays climate change and China’s coal production hits a record.
From supply shocks to financing fossil fuels, it’s becoming riskier for businesses to ignore climate change. For companies and banks that don’t adapt, the results could be painful.
Today’s newsletter looks at how climate risk is already shaping markets, according to separate findings from the European Central Bank and the Central Bank of Ireland.