With Climate Losses Rising, Central Banks Push Greener Finance: Bloomberg

Weather related catastrophes are increasing

"The measures are aimed at building awareness about the potential losses as global temperatures increase, making storms more powerful and weather less predictable. It’s also seeking to encourage funding for greener projects that would reduce emissions and make renewables more affordable.

“If some companies and industries fail to adjust to this new world, they will fail to exist,” Carney and Villeroy said in a Guardian newspaper article on Wednesday. They warned that a “massive” reallocation of capital was necessary to prevent global warming, with the banking system playing a pivotal role."

Read the complete Bloomberg story 

See also:

Carney, Villeroy Push for More Action on Climate Change