big banks

Climate Crisis May Cause the Next Financial Crisis

Climate Crisis May Cause the Next Financial Crisis

The mounting climate emergency may spur the next global financial crisis and the world’s central banks are woefully ill equipped to handle the consequences, according to a new book-length report by the Bank for International Settlements (BIS), as S&P Global reported. Located in Basel, Switzerland, the BIS is an umbrella organization for the world’s central […]

Join our newsletter

The best of EcoWatch, right in your inbox. Sign up for our email newsletter!

    By signing up, you agree to receive emails from EcoWatch and to the Terms of Use and Privacy Policy.