ECB official warns climate crisis poses growing threat to ‘core financial stability’

Source: www.theguardian.com · Section: headlines · Bias: Center-Left · Published: Sat, 01 Aug 2026 04:00:41 GMT

Exclusive: As wildfires rage, Frank Elderson says more work needed to assess risk from collapse of ecosystem servicesA senior policymaker at the European Central Bank has said the climate emergency and the breakdown of nature poses a dramatically growing risk to the global economy.Frank Elderson, a member of the ECB’s executive board, said the eurozone lender of last resort was stepping up its monitoring of the financial risks linked to the destruction of “ecosystem services”, which are nature-related processes or assets that support human activity. Continue reading...

Read the full article at www.theguardian.com →

The same story across the political spectrum (15 sources)

Center-Left: Lloyds Bank to cut £2bn in costs as part of AI-powered strategy — www.theguardian.com
Center-Left: FTSE 100 on track for best month since first US attacks on Iran five months ago – as it happened — www.theguardian.com
Center-Left: Exclusive: FBI gets voter's IP address in new fraud probe tactic — www.axios.com
Center-Left: ‘Change is happening! I can cut off my hair and misbehave’: Vicky Krieps on rage, rebellion, and rejecting Hollywood — www.theguardian.com

← Back to FlashTopics.com