Bank of Canada addresses Climate Change in their Financial System Review | Value Investing News

Bank of Canada addresses Climate Change in their Financial System Review

  • Transition costs will be felt most in carbon-intensive sectors, such as the oil and gas sector.
  • If some fossil fuel reserves remain unexploited, assets in this sector may become stranded, losing much of their value.
  • I would rank the ability for climate change to cause a systemic financial disaster in the Canadian financial system to be on par with the risk of a moderately large asteroid hitting the planet and causing wide-scale disruption – both events would be “climate-related”, per se, and cause real disruption.
Rating: 
No votes yet
Article Link: 
Shared Count: 
0
Value Score: 
0
Category: