Banco de España warns: environmental risks threaten financial stability

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Banco de España warns: environmental risks threaten financial stability

Ana Tuñas Matilla Environmental risks, such as climate change, natural disasters, biodiversity loss and pollution, have far-reaching implications that go beyond environmental degradation: they also threaten financial stability, warned Banco de España's sub-governor Soledad Núñez. Climate change is not a distant threat, but a present reality that manifests itself year after year through recurrent extreme weather events, with torrential rains, unc…