BOE Says Climate Transition Will Cost UK Banks, Insurers Billions

climate change and higher insurance rates

The Bank of England said UK banks and insurers face climate-related losses of £209 billion to almost £334 billion over the next three decades depending on how quickly the government acts to shift the economy toward net zero emissions. The UK central bank said the financial system is well placed to absorb those losses, though… Continue reading BOE Says Climate Transition Will Cost UK Banks, Insurers Billions