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Bank of England warns on climate change’s threat to global stability

The Bank of England governor has given a stark warning that climate change poses a huge risk to global stability.

At a gathering of leading insurers at Lloyd’s of London, Mark Carney pointed out the rapid increase in weather-related catastrophes and the jump in both the physical and financial costs.

He said the challenges currently posed by climate change “pale in significance compared with what might come”……http://www.bbc.com/news/business-34396961

October 2, 2015 - Posted by Christina Macpherson | business and costs, UK

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