World & BusinessThe warning of ‘chronic’ climate risk as weather shocks mount
Bloomberg reports that the European Central Bank’s top climate official sees the cumulative impact of extreme-weather shocks becoming a risk category of its own.
TLDR
Bloomberg reports that the European Central Bank’s top climate official is warning of “chronic” climate risk. The official says a pattern is emerging in which the cumulative impact of extreme-weather shocks is becoming a distinct category of risk.
The warning of ‘chronic’ climate risk as weather shocks mount
Bloomberg reports that the European Central Bank’s top climate official sees the cumulative impact of extreme-weather shocks becoming a risk category of its own.
TLDR
Bloomberg reports that the European Central Bank’s top climate official is warning of “chronic” climate risk. The official says a pattern is emerging in which the cumulative impact of extreme-weather shocks is becoming a distinct category of risk.