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Climate shocks can put financial stability at risk, ECB/ESRB report shows (europa.eu)

July 2022 by ECB/ESRB
Project Team on climate risk monitoring

The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) today published a joint report on how climate shocks can affect the European financial system. The findings show that climate risks can quickly spread and harm companies and banks alike. The report adds further evidence on the systemic nature of climate risks and provides a foundation for a macroprudential policy response. 

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