A risky climate

A report by former World Bank chief economist Nicholas Stern, published in late October, warns that ignoring climate change could send the global economy spiralling into the worst recession since the 1929 Wall Street crash. Are banks taking this threat seriously? By Christopher Jeffery


Political rhetoric espousing a desire to tackle the thorny issue of climate change is gaining increasing fervour. First came the release at the start of this year of a film, An Inconvenient Truth, that explains why former US vice-president Al Gore - who has made global warming something of a personal crusade since controversially losing out in the 2000 presidential election - believes there is incontrovertible scientific evidence that climate change is a real scientific phenomenon.

Then, in late

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here