Without Insurance, Capitalism As We Know It Will Be Impossible - CleanTechnica
- A top insurer warns that the climate crisis is on track to destroy capitalism due to the financial sector's inability to function without insurance amidst extreme weather impacts.
- Günther Thallinger notes that rising temperatures make it increasingly impossible for insurers to offer coverage for climate risks.
- From 2013 to 2023, extreme weather damages totaled $2 trillion, according to Aviva, indicating significant financial repercussions.
- Thallinger emphasized that systemic risks threaten the financial sector, stating, 'The cost of inaction is higher than the cost of transformation and adaptation.
14 Articles
14 Articles


Claim: The Climate Crisis is On Track to Destroy Capitalism
Claim: The Climate Crisis is On Track to Destroy Capitalism by Eric Worrall “… Action urgently needed to save the conditions under which markets – and civilisation itself – can operate …” Climate crisis on track to destroy capitalism, warns top insurer Action urgently needed to save the conditions under which markets – and civilisation […]
The End Of Capitalism? Probably.
No, this diary is not about Trump- well, maybe a little- but about the deniers in general. It’s about that other little bugbear, climate change, and the coming shocks. You can only bury your head for so long. The financial crisis is coming; look around...
Extreme climate events, a "systemic" risk to capitalism
Can the climate crisis "destroy" capitalism? Because the impacts of extreme weather events will ultimately make the financial system incapable of operating. This is the unwarranted warning issued by one of the top leaders of the insurance world. It is a bit the snake that bites its tail, because it is our economic activities - based on the capitalist system - that have led to this climate crisis.
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