No country or community is immune, read an open letter signed by Bank of England’s governor Mark Carney, Bank of France Governor François Villeroy de Galhau, and Frank Elderson, who chairs the Network for Greening the Financial System and serves as an executive director at the Dutch central bank. The prime responsibility for climate policy will continue to sit with governments. And the private sector will determine the success of the adjustment. But as financial policymakers and prudential advisors, we cannot ignore the obvious risk before our eyes.
Very bold statement indeed. Just do the right thing.
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