The new reality publication series, September 2020
The IMF Global Financial Stability Report of April 2020 said “Disasters as a result of climate change are projected to be more frequent and more severe, which could threaten financial stability.” The report finds the impact of large physical disasters on equity markets generally to have been modest over the past 50 years, and that investors do not pay enough attention to these risks. The report argues that better disclosures and stress testing for financial firms can help preserve financial stability and should complement policy measures to mitigate and adapt to climate change.
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