Sunday, August 2, 2026

Climate crisis poses growing threat to ‘core financial stability’, official at EU's bank warns

Ecosystem services are defined as any benefit that can be drawn from a natural structure or process – for example, water can be used as a raw material, an energy source through hydropower, or for transportation. It is also a habitat for marine life critical for food production, and a basis for recreational services. 

“Nature-related risks can pose material economic and financial risks, including through their impacts on credit risk, growth, inflation and – over the long-term – potential financial instability,” Elderson said...

 https://www.theguardian.com/business/2026/aug/01/ecb-climate-wildfires-global-economy-stability


 

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