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The climate crisis may also be a ticking financial time bomb
Bankers and corporate CEOs are already struggling to manage growing financial risks. New risks from climate change could push things over the edge.
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A woman with a baby wading through a flooded area in Manila, following heavy rain brought by Typhoon Co-may on July 25.
PHOTO: REUTERS
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The seeds of the next financial crisis have already been sown. They are quietly weakening growth, swelling debt and creating shocks with cascading effects.
The driving force? Climate change.
