IISD in the news

India's banks unprepared for climate breaking points

India has always been a land of brutal but predictable weather. Now, the climate crisis is expected to change that, with increasingly erratic heat and water extremes unleashed at unusual times, or even simultaneously. While the country has proved to be a model of disaster preparedness in the past, the rising probability of highly disruptive compound weather events – known as 'black swans' – represents an unprecedented risk to the economy at large. And despite the mounting warnings from experts, India's big banks appear to be turning a blind eye to climate risk. 

April 6, 2022

IISD in the news details

Climate Change Mitigation
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