- François Dupuis, Vice-President and Chief Economist • Mathieu D’Anjou, Deputy Chief Economist • Carine Bergevin-Chammah, Economist
Economic Viewpoint
The International Financial System Isn’t Sheltered from Climate Change
January 15, 2020
Recently, the focus has shifted to the implications global warming could have for the financial markets. In addition to the direct damages caused by potentially more frequent and more severe natural disasters, there is also a risk that the transition to a low-carbon economy will happen suddenly and unexpectedly. Climate change could disrupt the global financial system, but initiatives to prepare for it are mounting.
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