
How Climate Disasters Could Destabilize Major Banks | Both climate-driven disasters and the clean energy transition pose risks for the world’s largest financial institutions
https://www.scientificamerican.com/article/how-climate-disasters-could-destabilize-major-banks/
by silence7
2 comments
It will start with home insurance (already happening) or lack there of. Then mortgages failing on properties that have 0 resale value. Then it will spiral really fast
Don’t worry. Our corporate overlords will be fine with their bunkers