<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div class=""><div dir="auto" style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none; word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div dir="auto" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;"><br class=""><div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(64, 64, 64); -webkit-text-stroke-color: rgb(64, 64, 64); background-color: rgb(255, 255, 255);"><span class="" style="-webkit-font-kerning: none;"><b class="">The heads of two major central banks have written a stark warning about the financial risks of climate change.</b></span></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(64, 64, 64); -webkit-text-stroke-color: rgb(64, 64, 64); background-color: rgb(255, 255, 255); min-height: 14px;"><span class="" style="-webkit-font-kerning: none;"></span><br class=""></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(64, 64, 64); -webkit-text-stroke-color: rgb(64, 64, 64); background-color: rgb(255, 255, 255);"><span class="" style="-webkit-font-kerning: none;">"If some companies and industries fail to adjust to this new world, </span><span class="" style="-webkit-font-kerning: none; background-color: rgb(255, 251, 0);">they will fail to exist,"</span><span class="" style="-webkit-font-kerning: none;"> they wrote.</span></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(64, 64, 64); -webkit-text-stroke-color: rgb(64, 64, 64); background-color: rgb(255, 255, 255);"><span class="" style="-webkit-font-kerning: none;">The letter was co-signed by the chair of the climate-focused Network for Greening the Financial System (NGFS).</span></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(64, 64, 64); -webkit-text-stroke-color: rgb(64, 64, 64); background-color: rgb(255, 255, 255); min-height: 14px;"><span class="" style="-webkit-font-kerning: none;"></span><br class=""></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(34, 34, 34); -webkit-text-stroke-color: rgb(34, 34, 34); background-color: rgb(255, 255, 255);"><span class="" style="-webkit-font-kerning: none;"><a href="https://www.bankofengland.co.uk/news/2019/april/open-letter-on-climate-related-financial-risks" class=""><b class="">Mr Carney and Mr Villeroy de Galhau describe "the catastrophic effects of climate change"</b></a><b class=""> </b></span><span class="" style="-webkit-font-kerning: none; color: rgb(64, 64, 64); -webkit-text-stroke-color: rgb(64, 64, 64);">already having an impact on the planet</span></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(64, 64, 64); -webkit-text-stroke-color: rgb(64, 64, 64); background-color: rgb(255, 255, 255); min-height: 14px;"><span class="" style="-webkit-font-kerning: none;"></span><br class=""></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(0, 0, 238); -webkit-text-stroke-color: rgb(0, 0, 238);"><span class="" style="text-decoration: underline; -webkit-font-kerning: none;"><a href="https://www.bankofengland.co.uk/news/2019/april/open-letter-on-climate-related-financial-risks" class="">https://www.bankofengland.co.uk/news/2019/april/open-letter-on-climate-related-financial-risks</a></span></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(0, 0, 238); -webkit-text-stroke-color: rgb(0, 0, 238); min-height: 14px;"><span class="" style="text-decoration: underline; -webkit-font-kerning: none;"></span><br class=""></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; -webkit-text-stroke-color: rgb(0, 0, 238);"><span class="" style="-webkit-font-kerning: none;">##########################################</span></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(64, 64, 64); -webkit-text-stroke-color: rgb(64, 64, 64); background-color: rgb(255, 255, 255); min-height: 14px;"><span class="" style="-webkit-font-kerning: none;"></span><br class=""></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(102, 0, 153); -webkit-text-stroke-color: rgb(102, 0, 153);"><span class="" style="-webkit-font-kerning: none; background-color: rgb(255, 255, 255);"><a href="https://www.bloomberg.com/news/articles/2019-04-17/with-climate-losses-rising-central-banks-push-greener-finance" class="">With Climate Losses Rising, Central Banks Push Greener Finance ...<span class="" style="-webkit-font-kerning: none;"></span></a></span></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(0, 102, 33); -webkit-text-stroke-color: rgb(0, 102, 33); background-color: rgb(255, 255, 255);"></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(84, 84, 84); -webkit-text-stroke-color: rgb(84, 84, 84); background-color: rgb(255, 255, 255);"><span class="" style="-webkit-font-kerning: none;">With </span><span class="" style="-webkit-font-kerning: none; color: rgb(106, 106, 106); -webkit-text-stroke-color: rgb(106, 106, 106);"><b class="">Climate</b></span><span class="" style="-webkit-font-kerning: none;"> Losses Rising, </span><span class="" style="-webkit-font-kerning: none; color: rgb(106, 106, 106); -webkit-text-stroke-color: rgb(106, 106, 106);"><b class="">Central Banks</b></span><span class="" style="-webkit-font-kerning: none;"> Push Greener Finance. By ... Report serves as roadmap to spur </span><span class="" style="-webkit-font-kerning: none; color: rgb(106, 106, 106); -webkit-text-stroke-color: rgb(106, 106, 106);"><b class="">change</b></span><span class="" style="-webkit-font-kerning: none;"> by banks, regulators.</span></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(84, 84, 84); -webkit-text-stroke-color: rgb(84, 84, 84); min-height: 11px;"><span class="" style="-webkit-font-kerning: none;"></span><br class=""></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(102, 0, 153); -webkit-text-stroke-color: rgb(102, 0, 153);"><span class="" style="-webkit-font-kerning: none; background-color: rgb(255, 255, 255);"><a href="https://www.bloomberg.com/news/articles/2019-04-02/central-banks-are-thinking-greener-as-climate-change-hits-policy" class="">Central Banks Are Thinking Greener as Climate Change Hits Policy ...<span class="" style="-webkit-font-kerning: none;"></span></a></span></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(0, 102, 33); -webkit-text-stroke-color: rgb(0, 102, 33); background-color: rgb(255, 255, 255);"></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(0, 102, 33); -webkit-text-stroke-color: rgb(0, 102, 33); background-color: rgb(255, 255, 255);"><span class="" style="-webkit-text-stroke-width: initial; -webkit-font-kerning: none; color: rgb(119, 119, 119); -webkit-text-stroke-color: rgb(119, 119, 119);">Apr 2, 2019 - </span><span class="" style="-webkit-text-stroke-width: initial; -webkit-font-kerning: none; color: rgb(106, 106, 106); -webkit-text-stroke-color: rgb(106, 106, 106);"><b class="">Climate change</b></span><span class="" style="color: rgb(84, 84, 84); -webkit-text-stroke-color: rgb(84, 84, 84); -webkit-text-stroke-width: initial; -webkit-font-kerning: none;"> is increasingly affecting the world's </span><span class="" style="-webkit-text-stroke-width: initial; -webkit-font-kerning: none; color: rgb(106, 106, 106); -webkit-text-stroke-color: rgb(106, 106, 106);"><b class="">central banks</b></span><span class="" style="color: rgb(84, 84, 84); -webkit-text-stroke-color: rgb(84, 84, 84); -webkit-text-stroke-width: initial; -webkit-font-kerning: none;"> and their monetary policies.</span></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(0, 102, 33); -webkit-text-stroke-color: rgb(0, 102, 33); background-color: rgb(255, 255, 255);"><br class=""></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(0, 102, 33); -webkit-text-stroke-color: rgb(0, 102, 33); background-color: rgb(255, 255, 255);"><a href="http://adsabs.harvard.edu/abs/2018NatCC...8..462C" class="" style="-webkit-text-stroke-width: initial; -webkit-text-stroke-color: rgb(102, 0, 153);">Climate change challenges for central banks and financial regulators</a><a href="http://adsabs.harvard.edu/abs/2018NatCC...8..462C" class="" style="-webkit-text-stroke-width: initial;">adsabs.harvard.edu/abs/2018NatCC...8..462C</a></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(119, 119, 119); -webkit-text-stroke-color: rgb(119, 119, 119);"><span class="" style="-webkit-font-kerning: none; background-color: rgb(255, 255, 255);">by E Campiglio - 2018 - <a href="https://scholar.google.com/scholar?rlz=1C5CHFA_enUS737US737&um=1&ie=UTF-8&lr&cites=3503031769075491609" class=""><span class="" style="font-stretch: normal; line-height: normal; -webkit-font-kerning: none; color: rgb(26, 13, 171); -webkit-text-stroke-color: rgb(26, 13, 171);">Cited by 20</span></a> - </span></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(119, 119, 119); -webkit-text-stroke-color: rgb(119, 119, 119);"><span class="" style="-webkit-font-kerning: none; background-color: rgb(255, 255, 255);"><br class=""></span></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(119, 119, 119); -webkit-text-stroke-color: rgb(119, 119, 119);"><span class="" style="-webkit-font-kerning: none; background-color: rgb(255, 255, 255);"><a href="https://scholar.google.com/scholar?rlz=1C5CHFA_enUS737US737&um=1&ie=UTF-8&lr&q=related:GSOniNVEnTD33M:scholar.google.com/" class=""><span class="" style="font-stretch: normal; line-height: normal; -webkit-font-kerning: none; color: rgb(26, 13, 171); -webkit-text-stroke-color: rgb(26, 13, 171);">Related articles</span></a></span></div><div class="" style="-webkit-text-stroke-width: initial; margin: 0px; font-stretch: normal; line-height: normal; color: rgb(84, 84, 84); -webkit-text-stroke-color: rgb(84, 84, 84); background-color: rgb(255, 255, 255);"><span class="" style="-webkit-font-kerning: none;">Title: </span><span class="" style="-webkit-font-kerning: none; color: rgb(106, 106, 106); -webkit-text-stroke-color: rgb(106, 106, 106);"><b class="">Climate change</b></span><span class="" style="-webkit-font-kerning: none;"> challenges for </span><span class="" style="-webkit-font-kerning: none; color: rgb(106, 106, 106); -webkit-text-stroke-color: rgb(106, 106, 106);"><b class="">central banks</b></span><span class="" style="-webkit-font-kerning: none;"> and financial regulators. Authors: Campiglio, Emanuele; Dafermos, Yannis; Monnin, Pierre; Ryan-Collins, ...</span></div><table cellspacing="0" cellpadding="0" class="" style="margin: 5px 0px;"><tbody class=""><tr class=""><td valign="baseline" class="" style="width: 149.6px; margin: 0.5px;"><div class="" style="margin: 0px; font-stretch: normal; line-height: normal; color: rgb(119, 119, 119); -webkit-text-stroke-width: initial; -webkit-text-stroke-color: rgb(119, 119, 119);"><span class="" style="-webkit-font-kerning: none; background-color: rgb(255, 255, 255); font-size: 14px;"><b class="">DOI</b>:10.1038/s41558-018-0175-0</span></div></td></tr></tbody></table></div><div class=""><br class=""></div></div></div></div>
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