Climate Change Poses Risk to Financial Systems Bank of Canada Says

By G20 Argentina - Stephen Poloz, gobernador del Banco de Canadá y Jerome Powell, Presidente de la Reserva Federal de Estados Unidos - Día 2 - 3era reunión de ministros de Finanzas y Presidentes de Bancos Centrales, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=75304040

Bank of Canada Governor Stephen Poloz says that climate change poses a risk to financial systems.

The Bank also outlined its research priorities on the potential impacts of climate change, including severe weather, stranded assets, and volatility and unpredictability this week.

By the end of this century, the impacts of climate change could reduce Canada's GDP by 23 percent.