Banks feel the heat of global warming in Davos

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Banks feel the heat of global warming in Davos
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Climate change is the hot topic at this year’s Davos gathering. Large investors like BlackRock can force some changes. But regulatory pressure on lenders to manage the risks of a warmer planet may prove more effective, says peter_tl: BVPredicts

Climate change and environmental destruction topped the risks highlighted by world decision makers in a survey ahead of the World Economic Forum in Davos.

A new book by the Bank for International Settlements, released on Jan. 20, warned that central banks cannot be expected to save the world from climate change.

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