No Longer Questioning whether Climate Change will Have an Impact, Regulators are Increasing the Intensity of Their ‘Nudge’ Towards Action

No Longer Questioning whether Climate Change will Have an Impact, Regulators are Increasing the Intensity of Their ‘Nudge’ Towards Action

https://islamicmarkets.com/articles/no-longer-questioning-whether-climate-change-will-have-an-impact
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The UK’s regulators, through their own guidance and less formal channels including the Climate Financial Risk Forum, are signaling the importance of climate-related financial risksClimate risk is no longer just about physical risk but also transition risk in terms of low-carbon economy, loss of insurability for assets with greater physical or transition riskThe financial sector faces climate risks and the more that qualitative understanding is refined into quantitative analysis, the more likely it is to inspire action by financial institutions

Climate-related financial risks has become an important topic for regulators and for the financial industry. Another piece of evidence for its importance can be found in the reports of the Climate Financ...