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Bank of England to study climate-related capital further

The Bank of England will carry out further study as it is not yet clear whether it needs to require banks and insurers to set aside longer-term capital buffers to provide for the consequences of climate change.


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Natural disasters cost insurers $120 billion in 2021, Munich Re says

Marked by devastating hurricanes and cold snaps in the United States, 2021 proved the second-most costly year on record for the world's insurers, Munich Re said on Monday, warning that extreme weather was more likely with climate change.
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Photo by Paul Fiedler on Unsplash

Financial groups seek 'clear, credible and ambitious' climate action from G20

Financial services groups responsible for more than $90 trillion in assets have called for the leaders of the world's largest economies to push through "clear, credible and ambitious" policies to battle climate change.

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Analysis: Debt in a warm climate: coronavirus and carbon set scene for default

Where COVID-19 has precipitated unprecedented debts, climate change could trigger defaults across a planet which a United Nations panel says is dangerously close to runaway warming.

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