Future Forum | Bank of England

Climate change: what are the risks to financial stability?

Future Forum
Future Forum | 1 month ago | in Bank to the future

Climate change means we may face more frequent or severe weather events like flooding, droughts and storms. Examples of recent weather events that have been linked to human-driven climate change include the heatwave and droughts in China in the summer of 2013 and, the following winter, extreme rainfall and flooding here in the UK.

edited on Jan 18, 2019 by Future Forum

Duncan Fitzpatrick 3 weeks ago

Further key risks are not identified here

Duncan Fitzpatrick 3 weeks ago

Namely, failure of belief in the financial system and capatilism if it cannot respond to biophysical limits by the general populous. This captures a spectrum of risk evidenced by failing States in the middle East to rejection of mainstream politics in the USA and Europe.