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2 Comments
I don't even need to have read this article to say: you have got to be kidding!!
Climate change impact on banks??
What a load of baloney.
The odd coastal property being swamped in a hundred years time is hardly an issue. Market prices adjust. This ain't gonna sink a bank but might keep some crony climate change consultants in the money for a while... until they realise the sea isn't rising much...except maybe ankle deep by the end of the century...
Yes indeed. You are far better placed and much better informed to assess the impact of climate change on the financial system than for example the Governor of the Bank of England:
http://www.bbc.com/news/business-34396961
As the Governor said: "In other words, once climate change becomes a defining issue for financial stability, it may already be too late."
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