19. Dezember 2019 Ausgabe 1 (2020), Newsletter

UK banks and insurers to be tested on climate crisis response plans

Bank of England to force firms to say how they would respond to temperature rise of up to 4°C.
Drastic environmental changes around the world would damage property, infrastructure and farmland, disrupt business supply chains, and lead to mass migration and deaths, the Bank said.
According to a study by Solomon Hsiang and Edward Miguel of University of California, Berkeley, and Marshall Burke of Stanford University, unmitigated global warming would lead to a 23% loss in per capita earning globally by the end of the century.
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