Financial Crisis - Climate Risks - Rescue Packages

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Executive Summary

The main theme of this column is that rescue packages aimed at resolving the financial crisis must recognize climate risks. This is because the drivers of the financial crisis are also, at least in part, drivers of climate risks. The rescue packages for the financial crisis have been speedy, intense and overwhelming. On the contrary, those dealing with climate risks have been long drawn out and perhaps bordered mere lip-service. The object of this column is to show a clear connection between the financial crisis and climate risks and present case for rescue packages that recognize the elements of climate risks.

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