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ECB official warns climate crisis poses growing threat to ‘core financial stability’
Exclusive: As wildfires rage, Frank Elderson says more work needed to assess risk from collapse of ecosystem services A 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,
Caution ahead74%
PositivePossible support for stability, investment or market confidence
RiskInflation, volatility, borrowing costs or weaker growth
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