Posted on 01/24/2020 6:07:30 AM PST by Oldeconomybuyer
Climate change has already been blamed for deadly bush fires in Australia, dying coral reefs, rising sea levels and ever more cataclysmic storms. Could it also cause the next financial crisis?
A report issued this week by an umbrella organization for the world’s central banks argued that the answer is yes, while warning that central bankers lack tools to deal with what it says could be one of the biggest economic dislocations of all time.
The book-length report, published by the Bank for International Settlements in Basel, Switzerland, signals what could be the overriding theme for central banks in the decade to come.
“Climate change poses unprecedented challenges to human societies, and our community of central banks and supervisors cannot consider itself immune to the risks ahead of us,” François Villeroy de Galhau, governor of the Banque de France, said in the report.
Central banks spent much of the past 10 years hauling their economies out of a deep financial crisis that began in 2008. They may well spend the next decade coping with the disruptive effects of climate change and technology, the report said.
(Excerpt) Read more at pilotonline.com ...
Climate change COULD cause the moon to turn into green cheese.
Getting to the Bottom of EPA Climate Fraud
Cooling Down the Hysteria About Global Warming, Guest essay by Rich Enthoven
The End of the Climate Hoax is Coming
Peer-reviewed study reveals majority of scientists are skeptical of ‘global warming crisis’
It’s Time To Send The CO2-Obsessed Back To Science Class
The top 12 climate change 'facts' debunked in 2018
Carbon Dioxide is a Cooling Gas According to NASA
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Thanks for making links CedarDave, I am going to send to some people too and this makes it easier for everyone.
No. It’s actually those MORONS who believe in climate change that will effect changes that cause the meltdown.
My question is why not use nuclear power plants?
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