Banks warned that exposure to fossil fuels could trigger financial crisis
The world’s 60 largest banks have approximately $1.35trn (£1.2trn) exposed to fossil fuel assets, which will depreciate over time and could trigger the next global financial crash.That is according to a new report from Finance Watch, which also reveals that the exposure to fossil fuels is almost equivalent to the exposure of the whole financial system to subprimes before the 20
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Dr Parag Khanna, founder of FutureMap, talks to Chris Seekings about how climate change, mass migration, globalisation and other powerful trends will force us to reimagine the world map
Global warming is already having a detrimental impact on worker productivity, labour markets and economic growth, according to a study by the London School of Economics and Political Science (LSE).
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