🔥 #Climaterisk: the financial system is blind to the climate crisis.

And people will pay for this multiple times unless policymakers prepare the financial system for an orderly transition.

Read our blog 👉 www.finance-watch.org/blog/unprepa... #SafeTransition #ClimateLTV #Breakthedoomloop

🌍 Insurance rules start adapting to #climaterisk but a #safetransition also requires:

✅ To bridge the gaps in #climatescenarios
✅ To strengthen #transitionplan requirements
✅ To adjust pricing of risks

Read our blog🔗 finance-watch.org/blog/climate... #IAIS #ICPs

EU Commission can't ignore EIOPA's warnings on fossil fuel risk!

Finance Watch, CSOs & experts call for timely amendments to #Solvency2 to protect policyholders & taxpayers against growing #climaterisk.

Our letter 👇 #SafeTransition #FossilSubprimes
finance-watch.org/policy-porta...

10 years after Carney’s “#TragedyOfTheHorizon” speech, the warning stands: climate risks remain unpriced, finance keeps fuelling the crisis. Disclosure isn’t enough – systemic reform is urgent: it's time for action. 🌍⏳

🔗 www.sustainableviews.com/tragedy-of-t...

#SafeTransition #BreakTheDoomLoop

9/ The window for action is closing fast. We can’t afford to plan our future on unrealistic quantifications.

📎 Read Finance Watch's full recommendations: 👉 finance-watch.org/policy-porta...

🔗 Forbes piece: forbes.com/sites/we-don...
#ClimateRisk #ClimateScenarios #TippingPoints #SafeTransition

6/
To break the spiral of uninsurable climate losses, we must tackle its root cause – underinvestment in resilience and transition.
Read the report 👇
📘 www.finance-watch.org/policy-porta...
#InsuranceRegulation #uninsurability #investmentcrisis #ClimateRisk #breakthedoomloop #safetransition

📖 Help Finance Watch by sharing this report to relevant policymaking, civil society and finance expert groups 👇 www.finance-watch.org/policy-porta...
#ClimateRisk #SafeTransition #BreakTheDoomLoop #FossilSubprimes #ClimateSystemicBuffer #CRR