The Bank of England needs to act on - not just stress-test - the risks posed by climate change

clock • 5 min read
The Bank of England needs to act on - not just stress-test - the risks posed by climate change

Our economy, environment and society are already stressed to their limits by Covid-19 and the climate emergency - now is the time for action, argues Lukasz Krebel of the New Economics Foundation

Earlier this week, the Bank of England began its first ever 'climate stress test' of the UK financial system. The exercise intends to identify the climate-related risks facing the UK's largest banks and...

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